Highest-materiality recent filing
MPLX Q1 net income down 19% to $912M; distribution raised 12.5% to $1.0765/unit
Net income attributable to MPLX was $912M, down from $1,126M in Q1 2025; adjusted EBITDA $1,729M vs $1,757M.
MPLX enters $2.5B revolving credit facility, reports $1.5B cash as of March 31, 2026
New $2.5B unsecured revolving credit facility matures April 7, 2031; replaces $2.0B 2022 facility with no borrowings outstanding.
Erin Brzezinski to succeed Rebecca Iten as Vice President and Controller of MPLX GP, effective April 1, 2026.
MPLX LP files debt issuance documents; key terms undisclosed
Underwriting agreement dated Feb 5, 2026 with Citigroup, Barclays, MUFG, RBC as representatives.
MPLX Q4 net income $1.2B, adj EBITDA $1.8B; distribution raised to $1.0765/unit
Q4 2025 net income attributable $1,193M vs $1,099M YoY; adjusted EBITDA $1,804M vs $1,762M.
MPLX LP elects Maria A. Khoury to Board; succeeds John J. Quaid effective Jan 19, 2026
Maria A. Khoury elected to MPLX GP LLC Board, effective January 19, 2026.
MPLX Q3 net income $1.5B, ups distribution 12.5%; adjusted EBITDA $1.77B
Net income $1,545M (up 49% YoY); adjusted EBITDA $1,766M vs $1,714M.
Maryann T. Mannen elected Chairman of MPLX GP board effective Jan 1, 2026, in addition to her CEO role.
MPLX LP expands board to 11, elects Ray N. Walker, Jr. as director
Board increased to 11 members; Ray N. Walker, Jr. elected effective August 25, 2025.
MPLX LP executes underwriting agreement and supplemental indentures for new debt issuance
Underwriting agreement dated Aug 7, 2025 with J.P. Morgan, Goldman Sachs, BofA, Mizuho, TD, Wells Fargo as representatives.
MPLX Q2 net income $1.05B, adj EBITDA $1.69B; acquires Northwind Midstream for $2.375B
Q2 net income attr. to MPLX $1,048M vs $1,176M YoY; adj. EBITDA rose to $1,690M from $1,653M.
MPLX Q1 net income $1.13B, adj. EBITDA $1.76B, announces $715M BANGL acquisition
Q1 net income $1,126M (up 12% YoY); adj. EBITDA $1,757M (up 7% YoY).
MPLX files underwriting agreement and supplemental indentures for new debt offering
Underwriting agreement dated March 3, 2025 with BofA Securities, Barclays, and J.P. Morgan as representatives.
Q4 net income $1,099M (vs $1,134M YoY); adjusted EBITDA $1,762M, up 9% from $1,623M.
MPLX appoints Rebecca Iten as VP and Controller, succeeding Kelly Wright
Rebecca L. Iten appointed VP and Controller (principal accounting officer) effective March 3, 2025.
MPLX Q3 net income $1.04B; distribution raised 12.5% to $3.83 annualized
Net income $1,037M vs $918M YoY; adjusted EBITDA $1,714M vs $1,596M.
MPLX amends 8-K to disclose CEO Mannen compensation: base $1.4M, LTI $12M
Effective Aug 1, Maryann T. Mannen's base salary as CEO raised to $1,400,000; target bonus 165% of salary.
MPLX Q2 net income up 26% to $1.18B; adjusted EBITDA up 8%; distribution $0.85/unit
Net income $1,176M vs $933M YoY; adjusted EBITDA $1,653M vs $1,531M.
Underwriting Agreement dated May 15, 2024 with Mizuho, RBC, TD Securities as representatives.
MPLX announces CEO succession: Maryann Mannen to become President and CEO effective Aug 1, 2024
Maryann T. Mannen succeeds Michael J. Hennigan as President and CEO of the general partner, effective August 1, 2024.
MPLX Q1 net income $1.005B, adj EBITDA $1.635B; distribution raised to $0.85/unit
Net income $1,005M (+6.6% YoY); adj EBITDA $1,635M (+7.6% YoY); DCF $1,370M.
MPLX Q4 net income $1.13B, adjusted EBITDA $1.62B; distribution up 10% YoY
Q4 net income $1,134M (vs $816M Q4'22); adjusted EBITDA $1,623M (+11.6% YoY).
MPLX names C. Kristopher Hagedorn CFO effective Jan 1; Quaid becomes MPC CFO
C. Kristopher Hagedorn appointed EVP & CFO effective Jan 1, 2024, replacing John J. Quaid.
Ms. Iten will succeed Kelly D. Wright, who will cease to serve as Vice President and Controller of MPLX effective March 3, 2025 to accept a role as Vice President Audit of Marathon Petroleum Corporation ("MPC").
appointed Rebecca L. Iten as Vice President and Controller, effective March 3, 2025.
the board of directors of MPC approved the compensation changes below in connection with the appointment of Ms. Mannen to Chief Executive Officer of MPC and the transition of Mr. Hennigan to Executive Chairman of the board of directors of MPC.
the board of directors of MPC approved the compensation changes below in connection with the appointment of Ms. Mannen to Chief Executive Officer of MPC and the transition of Mr. Hennigan to Executive Chairman of the board of directors of MPC.
appointed Maryann T. Mannen as President and Chief Executive Officer, effective August 1, 2024.
Mr. Hennigan has been elected Executive Chairman of MPLX GP’s board of directors
the board of managers of MPC Investment LLC, the sole member of MPLX, appointed Mr. Hagedorn to serve as a member of the Board, effective January 1, 2024
the board of directors (the “Board”) of MPLX GP LLC ("MPLX"), the general partner of MPLX LP, appointed C. Kristopher Hagedorn as Executive Vice President and Chief Financial Officer, effective January 1, 2024.
Mr. Hagedorn will succeed John J. Quaid, who will cease to serve as Executive Vice President and Chief Financial Officer of MPLX effective January 1, 2024 to accept a role as Executive Vice President and Chief Financial Officer of Marathon Petroleum Corporation (“MPC”).
Max materiality 0.85 · Median 0.65 · Most common event earnings