MPLX Q1 net income $1.005B, adj EBITDA $1.635B; distribution raised to $0.85/unit

MPLX LP

Net income $1,005M (+6.6% YoY); adj EBITDA $1,635M (+7.6% YoY); DCF $1,370M.
Distribution raised to $0.85/unit (+9.7% YoY); coverage 1.6x; leverage 3.2x; cash $385M.
Acquired Utica JV interest and dry gas system for $625M; expanded Permian/Marcellus capacity.
Returned $951M capital; repurchased $75M units; $771M remaining buyback authorization.

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 first quarter 2024 results: net income $1,005 million.

Period: first quarter 2024
Net income: $1,005 million
Result: reported results

Exact text from the filing

MPLX LP (NYSE: MPLX) today reported first-quarter 2024 net income attributable to MPLX of $1,005 million

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

MPLX LP filing history →

Source: SEC EDGAR

accession 0001552000-24-000012

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