MPLX Q3 adj EBITDA $1.596B, DCF $1.373B; distribution up 10% to $0.85/unit

MPLX LP

Net income $918M; adj. EBITDA $1,596M (+8% YoY); distributable cash flow $1,373M (+9% YoY).
Distribution raised 10% to $0.85/unit ($3.40 annualized); coverage ratio 1.6x; leverage 3.4x.
L&S adj. EBITDA $1,091M (+13%) on higher rates & throughput; G&P $505M (+1%) on volume gains offset by lower NGL prices.
Returned $799M to unitholders via distributions; no unit repurchases in Q3 vs $180M in prior-year quarter.

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 1.0

MPLX LP reported third quarter ended September 30, 2023 results: net income $918 million.

Period: third quarter ended September 30, 2023
Net income: $918 million
Result: reported results

Exact text from the filing

MPLX LP issued a press release announcing its financial results for the quarter ended September 30, 2023.

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MPLX LP filing history →

Source: SEC EDGAR

accession 0001552000-23-000036

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