MPLX reports Q4 net income $830M; adj. EBITDA $1.445B; 2022 capex outlook $900M

MPLX LP

Q4 net income attributable to MPLX $830M vs $691M YoY; full-year $3.1B vs loss $720M in 2020.
Q4 adjusted EBITDA $1,445M; Logistics & Storage segment $934M (+$50M YoY), Gathering & Processing $511M (+$40M YoY).
Q4 distribution $0.705/unit (coverage 1.64x); full-year returned $4.2B via distributions and unit repurchases.
Full-year net cash from operations $4.9B; distributable cash flow $4.8B; leverage ratio 3.7x.
2022 capex plan $900M: ~$700M growth, $140M maintenance, $60M for Bakken Pipeline debt repayment.

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.