secwatch.observer — SEC 8-K summary
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Issuer:     MPLX LP (MPLX)
CIK:        0001552000
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001552000-21-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MPLX Q3 net income $802M, adj. EBITDA $1.389B, distribution increase and special payout
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- Net income attributable to MPLX $802M vs $665M YoY; adjusted EBITDA $1.389B vs $1.335B.
- Declared Q3 distribution of $1.28/unit ($0.705 base plus $0.575 special), base up 2.5% from Q2.
- Generated $1.182B operating cash flow, $1.191B distributable cash flow, 1.61x adjusted coverage, 3.7x leverage.
- L&S segment throughput 5.5M bpd (+17% YoY), avg tariff $0.90/bbl; G&P adj. EBITDA $485M.
- Strategic alternatives for Alaska logistics ops; Whistler Pipeline (38% stake) placed in service July 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552000/000155200021000039/0001552000-21-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552000/000155200021000039/mplx-20211102.htm
  HTML page:      https://secwatch.observer/filing/0001552000-21-000039

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