MPLX Q2 net income $706M, adjusted EBITDA $1.37B, coverage 1.73x; plans $1B note redemption

MPLX LP

Net income attributable to MPLX $706M vs $648M YoY; adjusted EBITDA $1,374M vs $1,227M.
Logistics & Storage income $787M (+$106M); pipeline throughput 5.6M bpd (+29%).
G&P adjusted EBITDA $427M (+$39M) despite lower volumes; impairments of $48M in segment.
Repurchased $155M of units in Q2; $657M remaining; distribution maintained at $0.6875/unit.
Will redeem $1B floating-rate senior notes due 2022 on Sept 3, 2021; leverage 3.7x.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.