---
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"
generated_at: "2026-05-16T05:19:17.477629+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MPLX Q4 net income $1.2B, adj EBITDA $1.8B; distribution raised to $1.0765/unit

## Summary
- 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).

## SEC filing metadata
- 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
- 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/1552000/000155200026000004/0001552000-26-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552000/000155200026000004/mplx-20260203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552000-26-000004
- JSON: https://secwatch.observer/filing/0001552000-26-000004.json
- Plain text: https://secwatch.observer/filing/0001552000-26-000004.txt

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