---
schema_version: "secwatch.filing_event.v1"
accession: "0001552000-25-000035"
form_type: "8-K"
ticker: "MPLX"
cik: "0001552000"
company_name: "MPLX LP"
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:37:10.510967+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MPLX Q3 net income $1.5B, ups distribution 12.5%; adjusted EBITDA $1.77B

## Summary
- Net income $1,545M (up 49% YoY); adjusted EBITDA $1,766M vs $1,714M.
- Distribution raised 12.5% to $1.0765/unit ($4.31 annualized); coverage 1.3x.
- Acquired Delaware sour gas treating for $2.4B; divesting Rockies assets for $1.0B.
- Issued $4.5B senior notes; repurchased $100M units; leverage 3.7x.
- Crude & Products segment adj EBITDA $1,137M (+$43M); NGL Services $629M (+$9M).

## SEC filing metadata
- accession: 0001552000-25-000035
- form_type: 8-K
- ticker: MPLX
- cik: 0001552000
- company_name: MPLX LP
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552000/000155200025000035/0001552000-25-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552000/000155200025000035/mplx-20251104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552000-25-000035
- JSON: https://secwatch.observer/filing/0001552000-25-000035.json
- Plain text: https://secwatch.observer/filing/0001552000-25-000035.txt

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