According to Benzinga Pro, during Q3, MPLX (NYSE:MPLX) earned $1.44 billion, a 62.56% increase from the preceding quarter. MPLX also posted a total of $3.40 billion in sales, a 15.68% increase since Q2.
David Tepper, the owner of the Carolina Panthers and founder of Appaloosa Management, has become a self-made billionaire through the hedge fund he manages and the gains from his stock portfolio.
MPLX (NYSE:MPLX) reported quarterly earnings of $0.83 per share which beat the analyst consensus estimate of $0.81 by 2.47 percent. This is a 25.76 percent increase over earnings of $0.66 per share from the same period