MPLX Q2 net income $933M, adj. EBITDA $1.531B; Permian processing plant expansion announced

MPLX LP

Net income $933M (Q2 2023) vs $875M (Q2 2022); adj. EBITDA $1,531M vs $1,457M.
Distributable cash flow $1,315M; distribution $0.775/unit; coverage ratio 1.7x.
L&S segment adj. EBITDA $1,022M (+6% YoY); pipeline throughput 6.0M bpd, tariff rate $0.89/bbl.
G&P adj. EBITDA $509M; volumes up: gathered 6.2 Bcf/d (+9%), processed 8.9 Bcf/d (+6%).
Permian growth: seventh gas plant (Secretariat) online H2 2025; BANGL pipeline expansion to 200k bpd by H1 2025.

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 second-quarter 2023 results: net income $933 million.

Period: second-quarter 2023
Net income: $933 million
Result: reported results

Exact text from the filing

MPLX LP (NYSE: MPLX) today reported second-quarter 2023 net income attributable to MPLX of $933 million, compared with $875 million for the second quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MPLX LP reported six months ended June 30, 2023 results: net income $1,876.

Period: six months ended June 30, 2023
Net income: $1,876
Result: reported results

Exact text from the filing

Financial Highlights (unaudited) Three Months Ended June 30, Six Months Ended June 30, (In millions, except per unit and ratio data) 2023 2022 2023 2022 Net income attributable to MPLX LP $ 933 $ 875 $ 1,876 $ 1,700

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MPLX LP filing history →

Source: SEC EDGAR

accession 0001552000-23-000026

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