Business
MPLX LP Reports Fourth-Quarter and Full-Year 2025 Results
MPLX LP Reports Fourth-Quarter and Full-Year 2025 Results
About this update from Marathon Petroleum Corporation
[{"type":"text","content":"FINDLAY, Ohio, Feb. 3, 2026 /PRNewswire/ --","length":43,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Full-year 2025 net income attributable to MPLX of $4.9 billion and adjusted EBITDA of $7.0 billion","length":98,"tagName":"p"}]},{"val":[{"type":"text","content":"Full-year 2025 growth investments of $5.5 billion and capital returned to unitholders of $4.4 billion, delivering on capital return commitment","length":142,"tagName":"p"}]},{"val":[{"type":"text","content":"Progressing natural gas and NGL value chains through construction of Gulf Coast fractionation and export facilities and integration of sour gas treating platform","length":161,"tagName":"p"}]},{"val":[{"type":"text","content":"Announcing 2026 organic growth capital plan of $2.4 billion, aligned with natural gas and NGL investments driving mid-single digit adjusted EBITDA growth","length":153,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":554,"olType":false},{"type":"text","content":"MPLX LP (NYSE: MPLX) today reported fourth-quarter 2025 net income attributable to MPLX of $1,193 million, compared with $1,099 million for the fourth quarter of 2024. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to MPLX was $1,804 million, compared with $1,762 million for the fourth quarter of 2024.","length":351,"tagName":"p"},{"type":"text","content":"During the quarter, MPLX generated $1,496 million in net cash provided by operating activities, $1,417 million of distributable cash flow, and adjusted free cash flow of $1,567 million. MPLX announced a fourth-quarter 2025 distribution of $1.0765 per common unit, resulting in distribution coverage of 1.3x for the quarter. The leverage ratio was 3.7x at the end of the quarter.","length":378,"tagName":"p"},{"type":"text","content":"For the full year 2025, MPLX generated $5.9 billion in net cash provided by operating activities, $5.8 billion of distributable cash flow, and $1.0 billion of adjusted free cash flow, compared to $5.9 billion, $5.7 billion, and $3.9 billion, respectively, in 2024.","length":264,"tagName":"p"},{"type":"text","content":""In 2025, we invested to grow our natural gas and NGL value chains and returned more than $4 billion to unitholders," said Maryann Mannen, MPLX chairman, president and chief executive officer. &q...