secwatch.observer — SEC 8-K summary
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Issuer:     MPLX LP (MPLX)
CIK:        0001552000
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001552000-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552000/000155200024000003/0001552000-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552000/000155200024000003/mplx-20240130.htm
  HTML page:      https://secwatch.observer/filing/0001552000-24-000003

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