secwatch.observer — SEC 8-K summary
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Issuer:     MPLX LP (MPLX)
CIK:        0001552000
Form:       8-K/A
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001552000-21-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 9.01, 2.02
LLM model:  deepseek-v4-flash:cloud@v2

MPLX Q3 net income $802M, adj. EBITDA $1.39B; raises base distribution 2.5%, adds $0.575 special
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- Net income $802M vs $665M YoY; adjusted EBITDA $1,389M vs $1,335M.
- Q3 distribution $1.28/unit ($0.705 base + $0.575 special); payable Nov 19, record Nov 12.
- L&S segment adjusted EBITDA $904M; G&P $485M; pipeline throughput up 17% YoY.
- Generated $1.18B operating cash flow; 1.61x adjusted coverage; 3.7x leverage.
- Exploring sale of Alaska logistics; Whistler Pipeline in service July; new NGL JV in service Oct 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552000/000155200021000045/0001552000-21-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552000/000155200021000045/mplx-20211102.htm
  HTML page:      https://secwatch.observer/filing/0001552000-21-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer