MPLX LP Reports Third-Quarter 2026 Financial Results; Announces Increase to Quarterly Distribution of 12.5%
Key Highlights
- ➤Quarterly distribution increased 12.5% for third consecutive year, to $4.84 annualized
- ➤Third-quarter net income attributable to MPLX fell to $1.164 billion
- ➤Adjusted EBITDA rose 5.3% to $1.859 billion year over year
- ➤Distributable cash flow reached $1.537 billion, supporting $1.1 billion capital returns
- ➤$750 million logistics-asset sale expected to close at end of 2026
- ➤MPLX committed $2.9 billion to organic growth projects, over 90% for gas and NGL infrastructure
Expert Statements
Maryann Mannen, Chairman, president and chief executive officer of MPLX
“Our third-quarter results reflect strong execution and the continued progression of our integrated natural gas and NGL value chain growth strategy. The durability of our cash flows enabled us to increase our quarterly distribution by 12.5% for the third consecutive year.”
Maryann Mannen, Chairman, president and chief executive officer of MPLX
“MPLX is positioned to meet global demand for U.S. energy and deliver mid-single digit adjusted EBITDA growth as utilization increases across our system and key growth projects enter service.”
MPLX LP Reports Third-Quarter 2026 Financial Results; Announces Increase to Quarterly Distribution of 12.5% PR Newswire
* Increased quarterly distribution 12.5% for the third consecutive year, to $4.84 per unit annualized * Third-quarter net income attributable to MPLX of $1.2 billion and net cash provided by operating activities of $1.5 billion * Adjusted EBITDA attributable to MPLX of $1.9 billion and distributable cash flow of $1.5 billion, enabling the return of $1.1 billion of capital * Executing Natural Gas and NGL value chain growth strategy; Harmon Creek III processing plant began operations in August; progressing expansion and integration of Permian sour gas treating facility FINDLAY, Ohio, Nov. 3, 2026 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today reported third-quarter 2026 net income attributable to MPLX of $1,164 million, compared with $1,545 million for the third quarter of 2025.
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