---
schema_version: "secwatch.filing_event.v1"
accession: "0001552000-23-000011"
form_type: "8-K"
ticker: "MPLX"
cik: "0001552000"
company_name: "MPLX LP"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:27:24.186693+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MPLX Q1 net income $943M, up 14% YoY; adjusted EBITDA $1,519M, up 9%

## Summary
- Distribution raised to $0.775/unit (+10% YoY); coverage ratio 1.6x; leverage 3.5x.
- L&S segment EBITDA $1,026M (+13% YoY) on 6% pipeline throughput growth to 5.6M bpd.
- G&P segment EBITDA $493M (+1% YoY); gathered volumes up 21% to 6.4 bcf/d.
- Issued $1.6B in senior notes, redeemed $0.6B Series B preferred and $1.0B 4.5% notes.
- Advancing Whistler pipeline expansion (to 2.5 bcf/d) and two 200 mmcf/d processing plants.

## SEC filing metadata
- accession: 0001552000-23-000011
- form_type: 8-K
- ticker: MPLX
- cik: 0001552000
- company_name: MPLX LP
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552000/000155200023000011/0001552000-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552000/000155200023000011/mplx-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552000-23-000011
- JSON: https://secwatch.observer/filing/0001552000-23-000011.json
- Plain text: https://secwatch.observer/filing/0001552000-23-000011.txt

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