Recent Updates — MPLX
August 4, 2026View Source ↗
MPLX LP reported second-quarter 2026 net income attributable to MPLX of $1.077 billion and adjusted EBITDA of $1.775 billion. The partnership declared a quarterly distribution of $1.0765 per common unit, representing a coverage ratio of 1.3x against distributable cash flow of $1.45 billion. MPLX increased its 2026 growth capital spending outlook by $500 million to $2.9 billion and expects distribution increases of 12.5% in both 2026 and 2027. The company's leverage ratio stood at 3.7x, and it repurchased $50 million of common units during the quarter. MPLX LP is a diversified midstream energy partnership that owns and operates pipelines, storage facilities, and natural gas processing infrastructure.