secwatch.observer — SEC 8-K summary
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Issuer:     MPLX LP (MPLX)
CIK:        0001552000
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001552000-26-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552000/000155200026000023/0001552000-26-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552000/000155200026000023/mplx-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001552000-26-000023

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