MPLX Q4 net income $1.13B, adjusted EBITDA $1.62B; distribution up 10% YoY

MPLX LP

Q4 net income $1,134M (vs $816M Q4'22); adjusted EBITDA $1,623M (+11.6% YoY).
FY2023 net income $3,928M, adjusted EBITDA $6,269M, distributable cash flow $5,340M.
Quarterly distribution $0.85/unit (+10% YoY), coverage 1.6x, leverage 3.3x.
Acquired remaining 40% of Permian G&P JV for ~$270M; 2024 capex outlook $1.1B.
Permian growth: ADCC lateral in-service Q3'24; Preakness II online Q2'24; Secretariat planned H2'25.

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 0.95

MPLX LP reported the year ended December 31, 2023 results: net income $3,928 million.

Period: the year ended December 31, 2023
Net income: $3,928 million
Result: reported results

Exact text from the filing

MPLX LP Reports Fourth-Quarter and Full-Year 2023 Financial Results

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MPLX LP reported the quarter ended December 31, 2023 results: net income $1,134 million.

Period: the quarter ended December 31, 2023
Net income: $1,134 million
Result: reported results

Exact text from the filing

MPLX LP Reports Fourth-Quarter and Full-Year 2023 Financial Results

View on SEC.gov

292 earnings releases filed in the last 30 days. Browse all earnings releases →

MPLX LP filing history →

Source: SEC EDGAR

accession 0001552000-24-000003

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