MPLX LP reported first-quarter 2026 results: net income $912 million.
“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.”
MPLX LP — fact timeline
Source-grounded facts extracted from MPLX LP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
MPLX LP reported preliminary financial results for the quarter ended March 31, 2026.
“MPLX’s preliminary estimate of its cash and cash equivalents as of March 31, 2026, is incorporated herein by reference. Such information is unaudited and preliminary and does not present all information necessary for an understanding of the MPLX’s results of operations for the quarter ended March 31, 2026.”
MPLX LP incurred revolving credit of $2.5 billion with Wells Fargo Bank, National Association, as administrative agent, and other lenders at Adjusted Term SOFR plus a margin ranging from 100.0 basis points to 175.0 basis maturing April 7, 2031.
“On April 7, 2026, MPLX LP, a Delaware master limited partnership (“MPLX”), entered into a $2.5 billion, five-year Revolving Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, each of Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A., Barclays Bank PLC, BofA Securities, Inc., Citibank, N.A., Goldman Sachs Banks USA, Mizuho Bank, Ltd., MUFG Bank, Ltd., RBC Capital Markets, Sumitomo Mitsui Banking Corporation and TD Securities (USA) LLC, as joint lead arrangers and joint bookrunners, JPMorgan Chase Bank, N.A., as syndication agent, each of Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Goldman Sachs Bank USA, Mizuho Bank, Ltd., MUFG Bank, Ltd., Royal Bank of Canada, Sumitomo Mitsui Banking Corporation and The Toronto-Dominion Bank, New York Branch, as documentation agents, and the other lenders and issuing banks that are parties thereto (the “New MPLX Credit Agreement”).”
MPLX LP terminated 2022 Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the various other commercial lending institutions that were party thereto valued at $2.0 billion (effective 2026-04-07).
“The New MPLX Credit Agreement replaced MPLX’s previously existing $2.0 billion credit agreement, dated as of July 7, 2022 (the “2022 Credit Agreement”), by and among MPLX, Wells Fargo Bank, National Association, as administrative agent, and the various other commercial lending institutions that were party thereto. The 2022 Credit Agreement was terminated in connection with and as a condition to the availability of the lending and credit commitments under the New MPLX Credit Agreement.”
MPLX LP entered into New MPLX Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, each of Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A., Barclays Bank PLC, BofA Securities, Inc., Citibank, N.A., Goldman Sachs Banks USA, Mizuho Bank, Ltd., MUFG Bank, Ltd., RBC Capital Markets, Sumitomo Mitsui Banking Corpora valued at $2.5 billion (effective 2026-04-07).
“On April 7, 2026, MPLX LP, a Delaware master limited partnership (“MPLX”), entered into a $2.5 billion, five-year Revolving Credit Agreement with Wells Fargo Bank, National Association, as administrative agent”
Kelly D. Wright departed as Vice President and Controller at MPLX LP.
“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").”
Rebecca L. Iten was appointed as Vice President and Controller at MPLX LP.
“appointed Rebecca L. Iten as Vice President and Controller, effective March 3, 2025.”
Michael J. Hennigan changed role as Executive Chairman at MPLX LP.
“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.”
Maryann T. Mannen was appointed as Chief Executive Officer at MPLX LP.
“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.”
Michael J. Hennigan was elected as Executive Chairman at MPLX LP.
“Mr. Hennigan has been elected Executive Chairman of MPLX GP’s board of directors”
Maryann T. Mannen was appointed as President and Chief Executive Officer at MPLX LP.
“appointed Maryann T. Mannen as President and Chief Executive Officer, effective August 1, 2024.”
MPLX LP reported first quarter 2024 results: net income $1,005 million.
“MPLX LP (NYSE: MPLX) today reported first-quarter 2024 net income attributable to MPLX of $1,005 million”
MPLX LP reported the year ended December 31, 2023 results: net income $3,928 million.
“MPLX LP Reports Fourth-Quarter and Full-Year 2023 Financial Results”
MPLX LP reported the quarter ended December 31, 2023 results: net income $1,134 million.
“MPLX LP Reports Fourth-Quarter and Full-Year 2023 Financial Results”
C. Kristopher Hagedorn was appointed as member of the Board at MPLX LP.
“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”
C. Kristopher Hagedorn was appointed as Executive Vice President and Chief Financial Officer at MPLX LP.
“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.”
John J. Quaid departed as Executive Vice President and Chief Financial Officer at MPLX LP.
“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”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.