---
schema_version: "secwatch.filing_event.v1"
accession: "0001552000-25-000008"
form_type: "8-K"
ticker: "MPLX"
cik: "0001552000"
company_name: "MPLX LP"
filed_at: "2025-02-04T23:59:59+00:00"
generated_at: "2026-05-27T03:27:01.010225+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MPLX Q4 net income $1.1B; FY adj. EBITDA $6.8B (+8%); announces NGL fractionation complex & export terminal

## Summary
- Q4 net income $1,099M (vs $1,134M YoY); adjusted EBITDA $1,762M, up 9% from $1,623M.
- Full-year 2024 net income $4.3B (+10%), adj. EBITDA $6.8B (+8%), distributable cash flow $5.7B.
- 2025 capex outlook $2.0B, with $1.45B for Natural Gas & NGL Services growth capital.
- Announced Gulf Coast fractionation complex (two 150k bpd trains, 2028/2029) and ONEOK partnership for 400k bpd LPG export terminal (2028).
- Q4 distribution $0.9565/unit (+12.5% YoY); $100M unit repurchases in Q4; leverage 3.1x.

## SEC filing metadata
- accession: 0001552000-25-000008
- form_type: 8-K
- ticker: MPLX
- cik: 0001552000
- company_name: MPLX LP
- filed_at: 2025-02-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552000/000155200025000008/0001552000-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552000/000155200025000008/mplx-20250204.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552000-25-000008
- JSON: https://secwatch.observer/filing/0001552000-25-000008.json
- Plain text: https://secwatch.observer/filing/0001552000-25-000008.txt

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