---
schema_version: "secwatch.filing_event.v1"
accession: "0001552000-22-000043"
form_type: "8-K"
ticker: "MPLX"
cik: "0001552000"
company_name: "MPLX LP"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T18:13:54.979960+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001552000-22-000043
- form_type: 8-K
- ticker: MPLX
- cik: 0001552000
- company_name: MPLX LP
- filed_at: 2022-11-01T23:59:59+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/1552000/000155200022000043/0001552000-22-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552000/000155200022000043/mplx-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552000-22-000043
- JSON: https://secwatch.observer/filing/0001552000-22-000043.json
- Plain text: https://secwatch.observer/filing/0001552000-22-000043.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552000/000155200022000043/0001552000-22-000043-index.htm

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