MPLX LP (MPLX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

By Zacks Equity Research | November 05, 2025, 11:30 AM

MPLX LP (MPLX) reported $3.62 billion in revenue for the quarter ended September 2025, representing a year-over-year increase of 21.8%. EPS of $1.52 for the same period compares to $1.01 a year ago.

The reported revenue represents a surprise of +10.43% over the Zacks Consensus Estimate of $3.28 billion. With the consensus EPS estimate being $1.07, the EPS surprise was +42.06%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how MPLX LP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Average tariff rates - Crude oil pipelines: $1.08 compared to the $1.05 average estimate based on two analysts.
  • Average tariff rates - Product pipelines: $1.09 versus the two-analyst average estimate of $1.07.
  • Pipeline throughput - Crude oil pipelines: 3867 millions of barrels of oil compared to the 3953.5 millions of barrels of oil average estimate based on two analysts.
  • Natural Gas Processed - Southwest Operations: 1983 millions of cubic feet versus the two-analyst average estimate of 1728.14 millions of cubic feet.
  • Pipeline throughput - Total pipelines: 5922 millions of barrels of oil versus 6027 millions of barrels of oil estimated by two analysts on average.
  • Gathering throughput - Southwest Operations: 1882 millions of cubic feet compared to the 1771.58 millions of cubic feet average estimate based on two analysts.
  • Pipeline throughput - Product pipelines: 2055 millions of barrels of oil compared to the 2073.5 millions of barrels of oil average estimate based on two analysts.
  • Adjusted EBITDA- Natural Gas and NGL Services: $629 million versus the two-analyst average estimate of $609.77 million.
  • Adjusted EBITDA- Crude Oil and Products Logistics: $1.14 billion compared to the $1.13 billion average estimate based on two analysts.

View all Key Company Metrics for MPLX LP here>>>

Shares of MPLX LP have returned +4.3% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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