MPLX LP Q4 net income $816M, adj. EBITDA $1.45B; FY22 net income $3.94B, distribution up 10%

MPLX LP

Q4 2022 net income $816M (vs $830M Q4 2021); adjusted EBITDA $1.45B (vs $1.44B); DCF $1.27B.
Full-year 2022 net income $3.94B (up 28% from $3.08B); adjusted EBITDA $5.78B; DCF $4.98B.
Logistics & Storage segment adjusted EBITDA rose $45M to $979M; G&P fell $36M to $475M on lower NGL prices.
2023 capex outlook $950M ($800M growth, $150M maintenance); Whistler pipeline expansion to 2.5 bcf/d underway.
Returned over $3.5B capital to unitholders in 2022; repurchased $176M units in Q4; $600M Series B preferred redemption announced.

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 the fiscal year ended December 31, 2022 results: net income $3.9 billion.

Period: the fiscal year ended December 31, 2022
Net income: $3.9 billion
Result: reported results

Exact text from the filing

• Fourth-quarter net income attributable to MPLX of $816 million and full-year net income of $3.9 billion

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MPLX LP reported the fourth quarter ended December 31, 2022 results: net income $816 million.

Period: the fourth quarter ended December 31, 2022
Net income: $816 million
Result: reported results

Exact text from the filing

• Fourth-quarter net income attributable to MPLX of $816 million and full-year net income of $3.9 billion

View on SEC.gov

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MPLX LP filing history →

Source: SEC EDGAR

accession 0001552000-23-000004

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