MPLX Q3 2022 net income $1.43B, adj EBITDA up 6% YoY; distribution raised 10% to $0.775/unit

MPLX LP

Net income $1,428M includes $509M non-cash lease gain; adjusted EBITDA $1,471M (+6% YoY).
Distribution increased 10% to $0.775/unit; coverage ratio 1.6x; leverage ratio 3.5x.
Generated $1,039M operating cash flow; returned $935M to unitholders via distributions and unit repurchases.
L&S segment adj EBITDA $969M (+7% YoY); G&P adj EBITDA $502M (+3% YoY ex-lease gain).
Expanding Whistler pipeline to 2.5 bcf/d; new processing plants Torñado II and Preakness II in Permian.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MPLX LP reported quarter ended September 30, 2022 results: net income $1,428 million.

Period: quarter ended September 30, 2022
Net income: $1,428 million
Result: reported results

Exact text from the filing

MPLX LP (NYSE: MPLX) today reported third-quarter 2022 net income attributable to MPLX of $1,428 million, compared with $802 million for the third quarter of 2021.

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MPLX LP filing history →

Source: SEC EDGAR

accession 0001552000-22-000043

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