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# MPLX Q3 Earnings Beat: $1.52 EPS, CEO Promoted to Chairman



Midstream giant MPLX LP crushed expectations this quarter. Here's the breakdown:

**The Numbers:**
- Q3 net income: $1.545B ($1.52/share)
- YoY growth: +49% in earnings per share
- Wall Street consensus: $1.09/share (MPLX outperformed by 40%)
- Revenue jumped to $3.619B from $2.972B (+22% YoY)

**Leadership Shift:**
CEO Maryann Mannen gets promoted to board chairman starting January 1, 2026, taking over from Michael Hennigan who's stepping down as executive chairman.

**Market Reaction:**
Stock dipped 0.55% in premarket trading to $50.57, likely profit-taking after solid results. The strong cash generation and leadership continuity signal stability in the pipeline sector.

**What It Means:**
MPLX's 50% earnings growth reflects strong midstream fundamentals and likely higher commodity throughput. For income-focused investors, this reinforces why MLPs remain attractive for stable distributions.
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