---
schema_version: "secwatch.filing_event.v1"
accession: "0001552000-22-000014"
form_type: "8-K"
ticker: "MPLX"
cik: "0001552000"
company_name: "MPLX LP"
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:26:49.243908+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MPLX Q1 net income up 12%; adjusted EBITDA $1.39B; distribution $0.705/unit

## Summary
- Net income attributable to MPLX $825M ($0.81? per unit) vs $739M in Q1 2021; adjusted EBITDA $1,393M vs $1,352M.
- Distributable cash flow $1,210M; distribution $0.7050/unit (1.65x coverage); leverage 3.7x.
- L&S segment adjusted EBITDA $904M (+$8M YoY); G&P segment $489M (+$33M YoY) on higher NGL prices.
- Returned over $850M to unitholders via distributions and $100M unit repurchases; $237M remaining on buyback authorization.
- Issued $1.5B of 4.950% senior notes due 2052; Torñado-2 plant and Smithburg de-ethanizer expected online H2 2022.

## SEC filing metadata
- accession: 0001552000-22-000014
- form_type: 8-K
- ticker: MPLX
- cik: 0001552000
- company_name: MPLX LP
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552000/000155200022000014/0001552000-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552000/000155200022000014/mplx-20220503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552000-22-000014
- JSON: https://secwatch.observer/filing/0001552000-22-000014.json
- Plain text: https://secwatch.observer/filing/0001552000-22-000014.txt

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