MPLX Q3 net income $1.04B; distribution raised 12.5% to $3.83 annualized

MPLX LP

Net income $1,037M vs $918M YoY; adjusted EBITDA $1,714M vs $1,596M.
Distribution raised 12.5% to $0.9565/unit ($3.83 annualized); coverage 1.5x.
L&S segment EBITDA $1,157M (+$66M); G&P $557M (+$52M) on volume growth.
Northeast gas processing capacity to reach 8.1 bcf/d by H2 2026; BANGL expansion to 250k bpd by Q1 2025.
Repurchased $76M in common units; $620M remaining authorization; leverage 3.4x.

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.