Earnings ·
MPLX LP reports $1.2B Q3 net income and raises quarterly distribution by 12.5% to $4.84 annualized
MPLXMplx LP
MPLX LP reported third-quarter 2026 net income attributable to MPLX of $1,164 million, down from $1,545 million in the prior-year period, while adjusted EBITDA rose 5.3% to $1,859 million. The partnership announced a quarterly distribution increase of 12.5%, resulting in an annualized rate of $4.84 per unit, supported by distributable cash flow of $1,537 million and a leverage ratio of 3.8x. Additionally, MPLX agreed to sell associated logistics assets for $750 million as part of Marathon Petroleum's refinery divestiture, with proceeds expected to fund organic growth projects in the Permian and Marcellus basins. The company operates midstream energy infrastructure and logistics assets.