---
schema_version: "secwatch.filing_event.v1"
accession: "0001552000-24-000003"
form_type: "8-K"
ticker: "MPLX"
cik: "0001552000"
company_name: "MPLX LP"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T14:58:43.148068+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001552000-24-000003
- form_type: 8-K
- ticker: MPLX
- cik: 0001552000
- company_name: MPLX LP
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552000/000155200024000003/0001552000-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552000/000155200024000003/mplx-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552000-24-000003
- JSON: https://secwatch.observer/filing/0001552000-24-000003.json
- Plain text: https://secwatch.observer/filing/0001552000-24-000003.txt

## Key facts
- Earnings Releases
  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
  source text: MPLX LP Reports Fourth-Quarter and Full-Year 2023 Financial Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552000/000155200024000003/0001552000-24-000003-index.htm
- Earnings Releases
  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
  source text: MPLX LP Reports Fourth-Quarter and Full-Year 2023 Financial Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552000/000155200024000003/0001552000-24-000003-index.htm

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