MPLX Q1 net income down 19% to $912M; distribution raised 12.5% to $1.0765/unit

MPLX LP

Net income attributable to MPLX was $912M, down from $1,126M in Q1 2025; adjusted EBITDA $1,729M vs $1,757M.
Crude Oil & Products Logistics segment adjusted EBITDA rose 1% to $1,111M; Natural Gas & NGL Services fell 6% to $618M.
Distributable cash flow $1,408M supported distribution of $1.0765/unit (12.5% YoY increase); coverage 1.3x; leverage 3.7x.
CEO reaffirmed 12.5% annual distribution growth for two more years; $2.4B organic growth plan focused on Permian and Marcellus.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MPLX LP reported first-quarter 2026 results: net income $912 million.

Period: first-quarter 2026
Net income: $912 million
Result: reported results

Exact text from the filing

MPLX LP (NYSE: MPLX) today reported first-quarter 2026 net income attributable to MPLX of $912 million, compared with $1,126 million for the first quarter of 2025.

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MPLX LP filing history →

Source: SEC EDGAR

accession 0001552000-26-000023

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