Highest-materiality recent filing
MPLX files debt offering exhibits; terms not disclosed
Underwriting agreement with TD Securities, Goldman Sachs, J.P. Morgan, SMBC Nikko, and Wells Fargo dated Aug 10, 2026.
MPLX Q2 net income $1.08B, adj EBITDA $1.78B; raises 2026 capex outlook by $500M
Net income attributable to MPLX of $1,077M, up from $1,048M YoY; adjusted EBITDA $1,775M vs $1,690M.
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.
MPLX Q3 adj EBITDA $1.596B, DCF $1.373B; distribution up 10% to $0.85/unit
Net income $918M; adj. EBITDA $1,596M (+8% YoY); distributable cash flow $1,373M (+9% YoY).
MPLX GC Suzanne Gagle to retire; Molly R. Benson named Chief Legal Officer
Suzanne Gagle, General Counsel, will retire effective January 5, 2024 after over 30 years.
MPLX Q2 net income $933M, adj. EBITDA $1.531B; Permian processing plant expansion announced
Net income $933M (Q2 2023) vs $875M (Q2 2022); adj. EBITDA $1,531M vs $1,457M.
Dan D. Sandman retires from MPLX board under mandatory retirement policy
Dan D. Sandman retired from the board of MPLX GP LLC, general partner of MPLX LP, on May 1, 2023.
MPLX Q1 net income $943M, up 14% YoY; adjusted EBITDA $1,519M, up 9%
Distribution raised to $0.775/unit (+10% YoY); coverage ratio 1.6x; leverage 3.5x.
MPLX files underwriting agreement and indentures for note issuance; terms undisclosed
Filed underwriting agreement dated Feb 2, 2023 with J.P. Morgan, BofA, MUFG as representatives.
MPLX LP Q4 net income $816M, adj. EBITDA $1.45B; FY22 net income $3.94B, distribution up 10%
Q4 2022 net income $816M (vs $830M Q4 2021); adjusted EBITDA $1.45B (vs $1.44B); DCF $1.27B.
MPLX elects Christine S. Breves to board of directors, effective Nov 16, 2022
Board size increased to ten members; Breves elected as director effective November 16, 2022.
MPLX Q3 2022 net income $1.43B, adj EBITDA up 6% YoY; distribution raised 10% to $0.775/unit
Net income $1,428M includes $509M non-cash lease gain; adjusted EBITDA $1,471M (+6% YoY).
MPLX CEO Hennigan reports no sign of cancer after treatment
CEO Michael Hennigan says tests show no sign of throat cancer following treatment.
Timothy J. Aydt appointed EVP, Refining of Marathon Petroleum effective Sept 1, 2022; will leave MPLX executive role.
MPLX enters into debt underwriting agreement; terms undisclosed
Underwriting agreement dated Aug 8, 2022 with Barclays, Mizuho, Wells Fargo as representatives of underwriters.
MPLX Q2 net income $875M; adjusted EBITDA $1.46B; authorizes $1B additional repurchase
Net income $875M vs $706M YoY; adjusted EBITDA $1,457M vs $1,374M.
MPLX LP enters $2.0B five-year revolving credit facility, replaces $3.5B prior agreement
$2.0B unsecured revolver matures July 7, 2027; optional $1.0B accordion feature.
Master Amendment extends six transportation services agreements to 2032, with two automatic five-year renewal options.
MPLX Q1 net income up 12%; adjusted EBITDA $1.39B; distribution $0.705/unit
Net income attributable to MPLX $825M ($0.81? per unit) vs $739M in Q1 2021; adjusted EBITDA $1,393M vs $1,352M.
MPLX CEO Michael Hennigan discloses throat cancer diagnosis; says prognosis is curable
CEO diagnosed with throat cancer, caught early and considered curable per leading medical institutions.
MPLX LP files underwriting agreement and indenture for debt issuance; terms not disclosed
Underwriting agreement dated March 10, 2022 with Citigroup, RBC Capital Markets, and TD Securities for a new debt offering.
MPLX reports Q4 net income $830M; adj. EBITDA $1.445B; 2022 capex outlook $900M
Q4 net income attributable to MPLX $830M vs $691M YoY; full-year $3.1B vs loss $720M in 2020.
MPLX board accepts resignations of two directors, appoints CFO Quaid
Directors Donald C. Templin and Pamela K.M. Beall resigned effective Dec 31, 2021, following retirement from Marathon Group.
MPLX Q3 net income $802M, adj. EBITDA $1.39B; raises base distribution 2.5%, adds $0.575 special
Net income $802M vs $665M YoY; adjusted EBITDA $1,389M vs $1,335M.
MPLX Q3 net income $802M, adj. EBITDA $1.389B, distribution increase and special payout
Net income attributable to MPLX $802M vs $665M YoY; adjusted EBITDA $1.389B vs $1.335B.
MPLX Q2 net income $706M, adjusted EBITDA $1.37B, coverage 1.73x; plans $1B note redemption
Net income attributable to MPLX $706M vs $648M YoY; adjusted EBITDA $1,374M vs $1,227M.
MPLX LP CFO Pamela Beall retires; John Quaid named successor effective Sept 1, 2021
Pamela Beall retires as CFO after 25 years; stays in advisory role through Nov 30, 2021.
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”).
Suzanne Gagle, General Counsel of MPLX GP LLC (the “Company”) the general partner of MPLX LP, notified the Company of her intention to retire from the Company, following over 30 years of service with the Company and its affiliates, to be effective January 5, 2024.
Molly R. Benson, who currently serves as the Company’s Vice President, Chief Securities, Governance & Compliance Officer and Corporate Secretary, has been appointed as Ms. Gagle’s successor to serve as Chief Legal Officer and Corporate Secretary of the Company effective January 1, 2024.
On May 1, 2023, Dan D. Sandman retired from his service as a member of the board of directors of MPLX GP LLC, a Delaware limited liability company (the “General Partner”) and the general partner of MPLX LP, a Delaware limited partnership (“MPLX”), as required by the mandatory retirement policy set forth in the Governance Principles of MPLX and the General Partner.
Max materiality 0.85 · Median 0.60 · Most common event earnings