Quarterly ResultAug 4, 2026, 01:47 PM
MPLX Q2 Net Income $1.08B, EPS $1.06; Revenue $3.31B
AI Summary
MPLX LP reported Q2 2026 net income attributable to MPLX LP of $1.08 billion, up 2.8% from Q2 2025, with diluted EPS of $1.06. Total revenues and other income for the quarter increased by 10.3% to $3.31 billion. For the six months ended June 30, 2026, net income was $1.99 billion, down 8.5%, while operating cash flow rose 2.3% to $3.05 billion. The partnership also detailed several significant acquisitions and a divestment completed in 2025, including the $2.4 billion Northwind Midstream acquisition and the $980 million sale of Rockies operations.
Key Highlights
- Q2 2026 Net Income attributable to MPLX LP $1.08B, up 2.8% YoY.
- Q2 2026 Diluted EPS $1.06, up 2.9% YoY.
- Q2 2026 Total Revenues and Other Income $3.31B, up 10.3% YoY.
- Six-month Net Cash Provided by Operating Activities $3.05B, up 2.3% YoY.
- Declared Q2 2026 cash distribution of $1.0765 per common unit.
- Completed $2.4B Northwind Midstream acquisition in August 2025.
- Divested Rockies operations for $980M cash in November 2025.
- Repurchased $100M of common units in H1 2026.
Price Impact
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