MPLX LP
50.29-0.48 (-0.95%)
Oct 29, 4:00:02 PM EDT · NYSE · MPLX · USD
Key Stats
Market Cap
51.25BP/E (TTM)
11.95Basic EPS (TTM)
4.21Dividend Yield
0.08%Recent Filings
8-K
MPLX elects new board director
MPLX LP expanded its board to eleven members and elected Ray N. Walker, Jr. as a director on August 25, 2025, effective immediately. Walker will join the audit and conflicts committees, bolstering oversight in key areas. He receives standard non-management director pay, as detailed in the 2024 10-K. This addition strengthens governance amid ongoing operations.
8-K
MPLX finalizes debt offering
MPLX LP completed a debt offering on August 11, 2025, via four supplemental indentures with The Bank of New York Mellon Trust Company, N.A., following an underwriting agreement signed August 7 with lead underwriters including J.P. Morgan and Goldman Sachs. This bolsters MPLX's capital structure for midstream operations, yet specific principal amounts and terms remain undisclosed in the filing. Debt markets favor such issuances now.
8-K
MPLX acquires Northwind Midstream
MPLX LP announced a $2.375 billion cash acquisition of Northwind Midstream on August 5, 2025, bolstering its Permian natural gas and NGL operations with over 200,000 dedicated acres and 440 MMcf/d treating capacity set for full operation by late 2026. The deal, backed by minimum volume commitments from top producers, closes in Q3 2025 and promises immediate distributable cash flow accretion amid steady Q2 results showing $1.7 billion adjusted EBITDA. This move sharpens MPLX's value chain edge. Leverage holds at 3.1x.
10-Q
Q2 FY2025 results
MPLX LP posted steady Q2 results with total revenues dipping 1.6% y/y to $3.0B, yet operating income held at $1.3B amid higher service fees from tariff hikes and throughput gains in crude oil and products logistics. Net income attributable to the partnership fell 11% y/y to $1.0B, or $1.03 per diluted unit, while YTD figures show a slight 0.3% decline to $2.2B on $6.1B revenue, buoyed by NGL volume surges in Marcellus and Southwest segments. Cash from operations climbed 4.4% y/y to $3.0B, funding $1.8B in growth capex and acquisitions like the $237M Whiptail Midstream deal in March, which added gathering assets in the San Juan basin. Debt stands at $21.5B with full $2.0B revolver availability and $1.4B cash on hand, supporting robust liquidity. Unit repurchases totaled $200M YTD, with distributions steady at $0.9565 per unit. Regulatory uncertainties around the Dakota Access Pipeline easement linger as a key watchpoint.
8-K
MPLX Q1 earnings surge
MPLX LP reported first-quarter 2025 net income of $1.1 billion, up from $1.0 billion last year, with adjusted EBITDA rising 7% to $1.8 billion on higher throughputs and Permian volumes. The partnership advanced its natural gas strategy by acquiring the remaining 55% of BANGL, LLC for $715 million, closing in July, and reaching FID on the 1.75 bcf/d Traverse Pipeline for 2027 service. Growth projects in Permian and Marcellus basins fuel mid-single-digit EBITDA expansion. Leverage holds steady at 3.3x.
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