---
schema_version: "secwatch.filing_event.v1"
accession: "0001552000-22-000003"
form_type: "8-K"
ticker: "MPLX"
cik: "0001552000"
company_name: "MPLX LP"
filed_at: "2022-02-02T23:59:59+00:00"
generated_at: "2026-06-27T12:19:47.274174+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001552000-22-000003
- form_type: 8-K
- ticker: MPLX
- cik: 0001552000
- company_name: MPLX LP
- filed_at: 2022-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552000/000155200022000003/0001552000-22-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552000/000155200022000003/mplx-20220202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552000-22-000003
- JSON: https://secwatch.observer/filing/0001552000-22-000003.json
- Plain text: https://secwatch.observer/filing/0001552000-22-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.