Business
MPLX LP Reports Second-Quarter 2026 Financial Results
MPLX LP Reports Second-Quarter 2026 Financial
About this update from Mplx Lp
FINDLAY, Ohio, Aug. 4, 2026 /PRNewswire/ --Executing Natural Gas and NGL value chain growth strategy; Harmon Creek III processing plant beginning operations in August; progressing expansion of Permian sour gas treating capacitySecond-quarter net income attributable to MPLX of $1.1 billion and net cash provided by operating activities of $1.7 billionAdjusted EBITDA attributable to MPLX of $1.8 billion and distributable cash flow of $1.5 billion, enabling the return of $1.1 billion of capitalMPLX expects distribution increases of 12.5% in 2026 and 2027MPLX LP (NYSE: MPLX) today reported second-quarter 2026 net income attributable to MPLX of $1,077 million, compared with $1,048 million for the second quarter of 2025.Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to MPLX was $1,775 million, compared with $1,690 million for the second quarter of 2025. Crude Oil and Products Logistics segment adjusted EBITDA for the second quarter of 2026 was $1,161 million, compared with $1,138 million for the second quarter of 2025. Natural Gas and NGL Services segment adjusted EBITDA for the second quarter of 2026 was $614 million, compared with $552 million for the second quarter of 2025.During the quarter, MPLX generated $1,702 million in net cash provided by operating activities, $1,450 million of distributable cash flow, and adjusted free cash flow of $668 million. MPLX announced a second-quarter 2026 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."Our second quarter operational performance reflects the consistent progression of our strategic initiatives, as we complete and integrate growth projects across our natural gas and NGL value chains to meet growing global demand," said Maryann Mannen, MPLX chairman, president and chief executive officer. "As additional projects enter service in the second half of the year, and utilizations increase, MPLX remains positioned to deliver mid-single digit adjusted EBITDA growth."Financial Highlights (unaudited)Three Months Ended June 30,Six Months Ended June 30,(In millions, except per unit and ratio data)2026202520262025Net income attributable to MPLX LP$1,077$1,048$1,989$2,174Adjusted EBITDA attributable to MPLX LP(a)1,7751,6903,5043,447Net cash provided by operating ...