{"schema_version":"secwatch.filing_event.v1","accession":"0001552000-26-000004","form_type":"8-K","ticker":"MPLX","cik":"0001552000","company_name":"MPLX LP","filed_at":"2026-02-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.406403+00:00","generated_at":"2026-05-16T05:19:17.477629+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"MPLX Q4 net income $1.2B, adj EBITDA $1.8B; distribution raised to $1.0765/unit","bullets":["Q4 2025 net income attributable $1,193M vs $1,099M YoY; adjusted EBITDA $1,804M vs $1,762M.","Full-year 2025 net income $4.9B, adjusted EBITDA $7.0B; growth investments $5.5B, returned $4.4B to unitholders.","2026 capex plan $2.7B ($2.4B growth, $300M maintenance); 90% of growth in Natural Gas & NGL Services.","Q4 distribution $1.0765/unit (up from $0.9565), coverage 1.3x; leverage 3.7x at year-end.","New investments: Secretariat II (300 MMcf/d Permian, H2 2028) and Marcellus Gathering expansion (H1 2028)."],"urls":{"canonical":"https://secwatch.observer/filing/0001552000-26-000004","json":"https://secwatch.observer/filing/0001552000-26-000004.json","markdown":"https://secwatch.observer/filing/0001552000-26-000004.md","text":"https://secwatch.observer/filing/0001552000-26-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1552000/000155200026000004/0001552000-26-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1552000/000155200026000004/mplx-20260203.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T05:19:17.477629+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}