MPLX Q2 net income up 26% to $1.18B; adjusted EBITDA up 8%; distribution $0.85/unit

MPLX LP

Net income $1,176M vs $933M YoY; adjusted EBITDA $1,653M vs $1,531M.
Distribution declared $0.85/unit, coverage 1.6x; leverage ratio 3.4x.
Preakness II processing plant began operations in July; Blackcomb pipeline FID announced.
MPLX acquired additional 20% interest in BANGL NGL pipeline (total 45%); $1.65B senior notes issued.
Returned $949M to unitholders via distributions and $75M unit repurchases.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.