MPLX - Earnings announcements

FINDLAY, Ohio, May 5, 2026 /PRNewswire/ --  Delivering mid-single digit growth strategy through expansions of Permian sour gas treating capacity, natural gas and NGL pipelines, and progressing Harmon Creek III processing plant in the Marcellus First-quarter net income attributable to MPLX of $912 million and net cash provided by operating activities of $1.3 billionAdjusted EBITDA attributable to MPLX of $1.7 billion, reflecting execution of strategic prioritiesDistributable cash flow of $1.4 billion, enabling the return of $1.1 billion of capitalMPLX LP (NYSE:MPLX) today reported first-quarter 2026 net income attributable to MPLX of $912 million, compared with $1,126 million for the first qu

FINDLAY, Ohio, March 23, 2026 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, May 5, 2026, at 9:30 a.m. EDT to discuss 2026 first-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com.About MPLX LPMPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fue

FINDLAY, Ohio, Feb. 3, 2026 /PRNewswire/ -- Full-year 2025 net income attributable to MPLX of $4.9 billion and adjusted EBITDA of $7.0 billionFull-year 2025 growth investments of $5.5 billion and capital returned to unitholders of $4.4 billion, delivering on capital return commitmentProgressing natural gas and NGL value chains through construction of Gulf Coast fractionation and export facilities and integration of sour gas treating platformAnnouncing 2026 organic growth capital plan of $2.4 billion, aligned with natural gas and NGL investments driving mid-single digit adjusted EBITDA growthMPLX LP (NYSE:MPLX) today reported fourth-quarter 2025 net income attributable to MPLX of $1,193 mill

FINDLAY, Ohio, Jan. 5, 2026 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, February 3, 2026, at 9:30 a.m. EST to discuss 2025 fourth-quarter and full-year financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics

FINDLAY, Ohio, Sept. 9, 2025 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, November 4, 2025, at 9:30 a.m. EST to discuss 2025 third-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and prov

FINDLAY, Ohio, Aug. 5, 2025 /PRNewswire/ -- Announced Northwind Midstream acquisition for $2.375 billion enhances Permian Natural Gas and NGL value chain and accelerates future growth opportunitiesSecond-quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.7 billionAdjusted EBITDA attributable to MPLX of $1.7 billion, reflecting execution of value chain growth strategyDistributable cash flow of $1.4 billion, enabling the return of $1.1 billion of capitalMPLX LP (NYSE:MPLX) today reported second-quarter 2025 net income attributable to MPLX of $1,048 million, compared with $1,176 million for the second quarter of 2024. For the first half

FINDLAY, Ohio, June 5, 2025 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, August 5, 2025, at 9:30 a.m. EDT to discuss 2025 second-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provid

FINDLAY, Ohio, May 6, 2025 /PRNewswire/ -- Executing Natural Gas & NGL growth strategy with agreement to acquire 100% ownership in BANGL, LLC and FID of the Traverse natural gas pipelineFirst-quarter net income attributable to MPLX of $1.1 billion and net cash provided by operating activities of $1.2 billionAdjusted EBITDA attributable to MPLX of $1.8 billion, reflecting execution of value chain growth strategyDistributable cash flow of $1.5 billion, enabling the return of $1.1 billion of capitalMPLX LP (NYSE:MPLX) today reported first-quarter 2025 net income attributable to MPLX of $1,126 million, compared with $1,005 million for the first quarter of 2024. Adjusted earnings before interest

FINDLAY, Ohio, March 10, 2025 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, May 6, 2025, at 9:30 a.m. EDT to discuss 2025 first-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides

FINDLAY, Ohio, Feb. 4, 2025 /PRNewswire/ -- Progresses Gulf Coast NGL strategy with announcement of fractionation complex and export terminalFull-year 2024 net income attributable to MPLX of $4.3 billion and adjusted EBITDA of $6.8 billion, up 10% and 8%, respectively, year over year$3.9 billion of capital returned to unitholders in 2024, reflecting 12.5% quarterly distribution increase and $326 million of unit repurchases2025 capital spending outlook of $2.0 billion, anticipating mid-teen returnsMPLX LP (NYSE:MPLX) today reported fourth-quarter 2024 net income attributable to MPLX of $1,099 million, compared with $1,134 million for the fourth quarter of 2023. Adjusted earnings before inter

FINDLAY, Ohio, Dec. 11, 2024 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, February 4, 2025, at 9:30 a.m. EST to discuss 2024 fourth-quarter and full-year financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics

FINDLAY, Ohio, Nov. 5, 2024 /PRNewswire/ -- Third-quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.4 billion$1.7 billion of adjusted EBITDA attributable to MPLX and $1.4 billion of distributable cash flow$949 million of capital returned to unitholdersIncreased quarterly distribution by 12.5% to $3.83 per unit annualizedExecuting growth strategy in the Northeast with additional processing plant; expected to bring total processing and fractionation capacity to 8.1 bcf/d and 800 mbpd, respectively, in the second half of 2026MPLX LP (NYSE:MPLX) today reported third-quarter 2024 net income attributable to MPLX of $1,037 million, compared

FINDLAY, Ohio, Sept. 6, 2024 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, November 5, 2024, at 9:30 a.m. EST to discuss 2024 third-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and prov

FINDLAY, Ohio, Aug. 6, 2024 /PRNewswire/ -- Second-quarter net income attributable to MPLX of $1.2 billion and net cash provided by operating activities of $1.6 billionAdjusted EBITDA attributable to MPLX of $1.7 billion and distributable cash flow of $1.4 billionReturned $949 million of capital to unitholdersProgressing Permian growth strategy; Preakness II processing plant began operations in July; announced increased ownership in BANGL NGL pipeline, and FID of the Blackcomb natural gas pipelineMPLX LP (NYSE:MPLX) today reported second-quarter 2024 net income attributable to MPLX of $1,176 million, compared with $933 million for the second quarter of 2023. Second-quarter 2024 net income i

HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported second quarter 2024 results. Second quarter 2024 net income attributable to Targa Resources Corp. was $298.5 million compared to $329.3 million for the second quarter of 2023. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $984.3 million for the second quarter of 2024 compared to $789.1 million for the second quarter of 2023. Highlights Record adjusted EBITDA for the second quarter of $984.3 millionRecord Permian, NGL transportation, and fractionation v

FINDLAY, Ohio, June 11, 2024 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, August 6, 2024, at 9:30 a.m. EDT to discuss 2024 second-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provi

FINDLAY, Ohio, April 30, 2024 /PRNewswire/ -- First-quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.3 billionAdjusted EBITDA attributable to MPLX of $1.6 billion and distributable cash flow of $1.4 billionReturned $951 million of capital to unitholdersAdvanced growth strategy with processing plants in the Marcellus and Permian basins; Harmon Creek II in service and Preakness II approaching startupAcquired partner's interest in Utica G&P joint ventures and a dry gas gathering systemMPLX LP (NYSE:MPLX) today reported first-quarter 2024 net income attributable to MPLX of $1,005 million, compared with $943 million for the first quarter

FINDLAY, Ohio, March 19, 2024 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, April 30, 2024, at 9:30 a.m. EDT to discuss 2024 first-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provi

FINDLAY, Ohio, Jan. 30, 2024 /PRNewswire/ -- Fourth-quarter net income attributable to MPLX of $1.1 billion and adjusted EBITDA of $1.6 billionFull-year 2023 net income attributable to MPLX of $3.9 billion and adjusted EBITDA of $6.3 billionFull-year 2023 net cash provided by operating activities of $5.4 billion and distributable cash flow of $5.3 billion Returned $3.3 billion of capital to unitholders for the full year, reflecting 10% quarterly distribution increase for second consecutive yearAdvancing Permian growth strategy with acquisition of partner's interest in G&P joint venture2024 capital spending outlook of $1.1 billionMPLX LP (NYSE:MPLX) today reported fourth-quarter 2023 net inc

FINDLAY, Ohio, Dec. 8, 2023 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, January 30, 2024, at 9:30 a.m. EST to discuss 2023 fourth-quarter and full-year financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics a

FINDLAY, Ohio, Sept. 12, 2023 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, October 31, 2023, at 9:30 a.m. EDT to discuss 2023 third-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and pr

FINDLAY, Ohio, Aug. 1, 2023 /PRNewswire/ -- Reported second-quarter net income attributable to MPLX of $933 million and generated net cash provided by operating activities of $1,437 millionAdjusted EBITDA attributable to MPLX of $1,531 millionDistributable cash flow of $1,315 millionAdvancing Permian strategy with announcement of seventh gas processing plant and expansion of the BANGL PipelineReturned $799 million in capital to unitholders through distributionsMPLX LP (NYSE:MPLX) today reported second-quarter 2023 net income attributable to MPLX of $933 million, compared with $875 million for the second quarter of 2022.  Adjusted earnings before interest, taxes, depreciation, and amortizatio

FINDLAY, Ohio, June 13, 2023 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, August 1, 2023, at 9:30 a.m. EDT to discuss 2023 second-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provid

FINDLAY, Ohio, May 2, 2023 /PRNewswire/ -- First-quarter net income attributable to MPLX of $943 million and net cash provided by operating activities of $1,227 million, up 14% and 9%, respectively, year over yearAdjusted EBITDA attributable to MPLX of $1,519 million, up 9% year over yearDistributable cash flow of $1,268 million, up 5% year over yearAdvancing growth projects anchored in the Marcellus, Permian and Bakken basinsReturned $821 million in capital to unitholders through distributionsMPLX LP (NYSE:MPLX) today reported first-quarter 2023 net income attributable to MPLX of $943 million, compared with $825 million for the first quarter of 2022.  Adjusted earnings before interest, taxe

FINDLAY, Ohio, March 9, 2023 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, May 2, 2023, at 9:30 a.m. EDT to discuss 2023 first-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides

FINDLAY, Ohio, Jan. 31, 2023 /PRNewswire/ -- Fourth-quarter net income attributable to MPLX of $816 million and full-year net income of $3.9 billionFourth-quarter adjusted EBITDA attributable to MPLX of $1.5 billion and full-year 2022 adjusted EBITDA of $5.8 billionFull-year 2022 net cash provided by operating activities of $5.0 billion and over $3.5 billion in capital returned to unitholdersAnnounced 2023 MPLX capital spending outlook of $950 millionMPLX LP (NYSE:MPLX) today reported fourth-quarter 2022 net income attributable to MPLX of $816 million, compared with $830 million for the fourth quarter of 2021.  Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)

FINDLAY, Ohio, Dec. 16, 2022 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, January 31, 2023, at 9:30 a.m. EST to discuss 2022 fourth-quarter and full-year financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics a

FINDLAY, Ohio, Nov. 1, 2022 /PRNewswire/ -- Reported third-quarter net income attributable to MPLX of $1,428 million; includes $509 million non-cash lease reclassification gainReported adjusted EBITDA attributable to MPLX of $1,471 million, up 6% year over yearGenerated $1,039 million in net cash provided by operating activities Returned $935 million of capital to unitholders through $755 million of distributions and $180 million of unit repurchasesAnnounced distribution increase of 10% to $0.775 per unit, resulting in a coverage ratio of 1.6xMPLX LP (NYSE:MPLX) today reported third-quarter 2022 net income attributable to MPLX of $1,428 million, compared with $802 million for the third quart

FINDLAY, Ohio, Nov. 1, 2022 /PRNewswire/ -- Net income attributable to MPC of $4.5 billion, or $9.06 per diluted share; reported adjusted net income of $3.9 billion, or $7.81 per diluted shareAdjusted EBITDA of $6.8 billion; improving operational and commercial execution as the refining system ran at near full utilization to meet demandMPLX increases distribution 10%; MPC expects to receive a total of $2 billion on an annual basisCompleted $15 billion return of capital commitment utilizing the proceeds from the Speedway divestiture; repurchased approximately 30% of outstanding shares Announced dividend increase of approximately 30% to $0.75 per shareMarathon Petroleum Corp. (NYSE:MPC) today

FINDLAY, Ohio, Sept. 14, 2022 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, November 1, 2022, at 9:30 a.m. ET to discuss 2022 third-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provi

FINDLAY, Ohio, August 2, 2022 /PRNewswire/ -- Reported second-quarter net income attributable to MPLX of $875 million and adjusted EBITDA attributable to MPLX of $1.5 billion Generated $1.5 billion in net cash provided by operating activities Returned over $750 million of capital to unitholders through distributions and unit repurchasesAnnounces incremental $1 billion repurchase authorization for units held by publicRenewed transportation services agreements with MPC for 10 yearsMPLX LP (NYSE:MPLX) today reported second-quarter 2022 net income attributable to MPLX of $875 million, compared with $706 million for the second quarter of 2021. Adjusted earnings before interest, taxes, depreciatio

FINDLAY, Ohio, June 16, 2022 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, August 2, 2022, at 9:30 a.m. EDT to discuss 2022 second-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provid

FINDLAY, Ohio, May 3, 2022 /PRNewswire/ -- Reported first-quarter net income attributable to MPLX of $825 million and adjusted EBITDA attributable to MPLX of $1.4 billion Generated $1.1 billion in net cash provided by operating activities Returned over $850 million in capital to unitholders through distributions and unit repurchasesExpanded our methane emissions intensity reduction target to 75% by 2030MPLX LP (NYSE:MPLX) today reported first-quarter 2022 net income attributable to MPLX of $825 million, compared to $739 million for the first quarter of 2021. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to MPLX was $1,393 million, compared wit

FINDLAY, Ohio, April 21, 2022 /PRNewswire/ -- MPLX LP (NYSE:MPLX) is changing the time of its 2022 first-quarter earnings conference call on Tuesday, May 3, 2022. The call was originally scheduled for 9:30 a.m. and will now be held at 1:00 p.m. ET. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP MPLX is a diversified, large-cap master limited partnership that owns and operates mid

FINDLAY, Ohio, March 22, 2022 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, May 3, 2022, at 9:30 a.m. ET to discuss 2022 first-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides f

FINDLAY, Ohio, Feb. 2, 2022 /PRNewswire/ -- Reported fourth quarter net income attributable to MPLX of $830 million and full-year net income of $3.1 billion Reported fourth quarter adjusted EBITDA attributable to MPLX of $1.4 billion and full-year adjusted EBITDA of $5.6 billion Generated $4.9 billion in net cash provided by operating activities for the full-year 2021 and returned $4.2 billion in capital to unitholders Announced 2022 MPLX capital spending outlook of $900 millionMPLX LP (NYSE:MPLX) today reported fourth-quarter 2021 net income attributable to MPLX of $830 million, compared to $691 million for the fourth quarter of 2020. Adjusted earnings before interest, taxes, depreciation,

FINDLAY, Ohio, Feb. 2, 2022 /PRNewswire/ -- Reported fourth-quarter net income of $774 million, or $1.27 per diluted share; reported adjusted net income of $794 million, or $1.30 per diluted share Returned approximately $3 billion of capital through share repurchases since Oct 31; completed approximately 55% of $10 billion repurchase program through Jan 31; announced an incremental $5 billion repurchase authorization Announced 2022 MPC standalone capital spending outlook of $1.7 billion; approximately 50% of growth capital for Martinez refinery conversion Martinez renewable fuels project total cost of $1.2 billion; approximately $300 million spent to date, $700 million for 2022, and $200 mi

FINDLAY, Ohio, Dec. 17, 2021 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Wednesday, Feb. 2, 2022, at 9:30 a.m. EST to discuss 2021 fourth-quarter and full-year financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics ass

FINDLAY, Ohio, Nov. 2, 2021 /PRNewswire/ -- Reported net income attributable to MPLX of $802 million and adjusted EBITDA attributable to MPLX of $1.4 billion Generated $1.2 billion in net cash provided by operating activities; returned $900 million in capital to unitholders through $745 million of distributions and $155 million of unit repurchases; 1.61x adjusted distribution coverage and 3.7x leverage Exceptionally strong year-to-date cash flow supports announced distribution of $1.34 billion; consisting of a 2.5% increase to the base distribution amount and a special distribution amount of approximately $600 millionMPLX LP (NYSE:MPLX) today reported third-quarter 2021 net income attributa

FINDLAY, Ohio, Nov. 2, 2021 /PRNewswire/ -- Reported third-quarter net income of $694 million, or $1.09 per diluted share; reported adjusted net income of $464 million, or $0.73 per diluted share Progressing portfolio optimization by pursuing strategic alternatives for the Kenai refinery and related operations, which could include a sale; and continuing focus on lowering the cost structure Completed ~25% of $10 billion capital return program through Oct 31; committed to complete remaining $7.5 billion by year-end 2022 Exceptionally strong year-to-date cash flow at MPLX supports a third quarter distribution consisting of a 2.5% increase to the base distribution amount and a special distribut

FINDLAY, Ohio, Sept. 22, 2021 /PRNewswire/ -- MPLX LP (NYSE:MPLX), a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE:MPC), will host a conference call on Tuesday, November 2, 2021, at 9:30 a.m. EDT to discuss 2021 third-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including this earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership tha

FINDLAY, Ohio, Aug. 4, 2021 /PRNewswire/ --  Reported net income attributable to MPLX of $706 million and adjusted EBITDA attributable to MPLX of $1.4 billion Generated $1.4 billion in net cash provided by operating activities Returned nearly $900 million in capital to unitholders through distributions and unit repurchases Published annual Sustainability and Climate ReportsMPLX LP (NYSE:MPLX) today reported second-quarter 2021 net income attributable to MPLX of $706 million, compared to a net income attributable to MPLX of $648 million for the second quarter of 2020.  Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to MPLX was $1,374 million, co

FINDLAY, Ohio, Aug. 4, 2021 /PRNewswire/ -- Reported second-quarter income of $8.5 billion, or $13.00 per diluted share, which includes net pre-tax benefits of $11.6 billion; reported adjusted income of $437 million, or $0.67 per diluted share Continued focus on advancing renewable projects and lowering cost structure Closed Speedway sale; repurchased approximately $1 billion of shares and commencing next steps towards completing the remaining $9 billion return of capital Published annual Sustainability and Climate ReportsMarathon Petroleum Corp. (NYSE:MPC) today reported net income of $8.5 billion, or $13.00 per diluted share, for the second quarter of 2021, compared with net income of $9 m