---
schema_version: "secwatch.filing_event.v1"
accession: "0001552000-25-000018"
form_type: "8-K"
ticker: "MPLX"
cik: "0001552000"
company_name: "MPLX LP"
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T11:44:33.210264+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MPLX Q1 net income $1.13B, adj. EBITDA $1.76B, announces $715M BANGL acquisition

## Summary
- Q1 net income $1,126M (up 12% YoY); adj. EBITDA $1,757M (up 7% YoY).
- Crude & Products adj. EBITDA $1,097M (+4%); Natural Gas & NGL adj. EBITDA $660M (+15%).
- Distribution raised to $0.9565/unit (12.5% YoY), coverage 1.5x; leverage 3.3x.
- Announced acquisition of remaining 55% of BANGL for $715M, close expected July 2025.
- Acquired Whiptail Midstream gathering assets for $237M; increased Matterhorn stake 5% for $151M.

## SEC filing metadata
- accession: 0001552000-25-000018
- form_type: 8-K
- ticker: MPLX
- cik: 0001552000
- company_name: MPLX LP
- filed_at: 2025-05-06T23:59:59+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/1552000/000155200025000018/0001552000-25-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552000/000155200025000018/mplx-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552000-25-000018
- JSON: https://secwatch.observer/filing/0001552000-25-000018.json
- Plain text: https://secwatch.observer/filing/0001552000-25-000018.txt

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