---
schema_version: "secwatch.filing_event.v1"
accession: "0001552000-26-000023"
form_type: "8-K"
ticker: "MPLX"
cik: "0001552000"
company_name: "MPLX LP"
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:21:35.326837+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001552000-26-000023
- form_type: 8-K
- ticker: MPLX
- cik: 0001552000
- company_name: MPLX LP
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552000/000155200026000023/0001552000-26-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552000/000155200026000023/mplx-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552000-26-000023
- JSON: https://secwatch.observer/filing/0001552000-26-000023.json
- Plain text: https://secwatch.observer/filing/0001552000-26-000023.txt

## Source-grounded claims
- claim_id: 636b85580a17da77529f2ffd376f4d210d5a1407
  claim: MPLX LP reported first-quarter 2026 results: net income $912 million.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552000/000155200026000023/0001552000-26-000023-index.htm

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