Business
MPLX LP Reports Third-Quarter 2025 Financial Results; Announces Increase to Quarterly Distribution of 12.5%
MPLX LP Reports Third-Quarter 2025 Financial Results; Announces Increase to Quarterly Distribution of 12.5%
About this update from Marathon Petroleum Corporation
[{"type":"text","content":"FINDLAY, Ohio, Nov. 4, 2025 /PRNewswire/ --","length":43,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Increased quarterly distribution 12.5% for the second consecutive year, to $4.31 per unit annualized","length":100,"tagName":"p"}]},{"val":[{"type":"text","content":"Third-quarter net income attributable to MPLX of $1.5 billion and net cash provided by operating activities of $1.4 billion","length":123,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA attributable to MPLX of $1.8 billion, reflecting execution of strategic priorities","length":98,"tagName":"p"}]},{"val":[{"type":"text","content":"Distributable cash flow of $1.5 billion, enabling the return of $1.1 billion of capital","length":87,"tagName":"p"}]},{"val":[{"type":"text","content":"Execution of portfolio optimization through the acquisition of a Delaware basin sour gas treating business and announced divestiture of Rockies gathering and processing assets","length":175,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":583,"olType":false},{"type":"text","content":"MPLX LP (NYSE: MPLX) today reported third-quarter 2025 net income attributable to MPLX of $1,545 million, compared with $1,037 million for the third quarter of 2024. For the first nine months of the year, net income attributable to MPLX was $3,719 million, compared with $3,218 million for the first nine months of 2024.","length":320,"tagName":"p"},{"type":"text","content":"Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to MPLX was $1,766 million, compared with $1,714 million for the third quarter of 2024. Adjustments are shown in the accompanying release tables. Crude Oil and Products Logistics segment adjusted EBITDA for the third quarter of 2025 was $1,137 million, compared with $1,094 million for the third quarter of 2024. Natural Gas and NGL Services segment adjusted EBITDA for the third quarter of 2025 was $629 million, compared with $620 million for the third quarter of 2024.","length":581,"tagName":"p"},{"type":"text","content":"During the quarter, MPLX generated $1,431 million in net cash provided by operating activities and $1,468 million of distributable cash flow. Adjusted free cash flow was $(2,305) million, due in large part to the acquisitions of Northwind Midstream and the re...