| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 2.3K | 4.5% |
| Total Income | 2.3K | 4.5% |
| Expenditure | 1.8K | 3.8% |
| PBT | 923.00 | 18.8% |
| Net Profit | 911.00 | 19.1% |
| OPM | 51.68% | 3.85pp |
| NPM | 38.78% | 6.99pp |
| EPS | — |
MPLX LP Reports Q1 2026 Net Income of $912 Million
05 May 2026 · 5 May, 4:22 pm
Summary
MPLX LP reported a first-quarter 2026 net income attributable to MPLX of $912 million, compared to $1,126 million in the first quarter of 2025. Adjusted EBITDA attributable to MPLX was $1,729 million, slightly lower than the $1,757 million reported for the same period last year. The company generated $1,347 million in net cash provided by operating activities and $1,408 million of distributable cash flow. MPLX announced a first-quarter 2026 distribution of $1.0765 per common unit.
Key Highlights
- 1
MPLX reported first-quarter net income attributable to MPLX of $912 million.
- 2
Adjusted EBITDA attributable to MPLX was $1,729 million for the first quarter.
- 3
The Crude Oil and Products Logistics segment adjusted EBITDA increased to $1,111 million.
- 4
Distributable cash flow was $1.4 billion, enabling the return of $1.1 billion of capital.
- 5
MPLX announced a first-quarter distribution of $1.0765 per common unit.
- 6
The company's leverage ratio was 3.7x at the end of the quarter.
Management Comments
Maryann Mannen
"We are executing our growth projects anchored in the Permian and Marcellus basins, as we expand the Delaware Basin Sour Gas treating plant to over 400 million cubic feet per day of treating capacity by year end and bring Harmon Creek III into service in the third quarter." "Cash flow from this growth will allow us to reinvest in the business, return capital to unitholders, and is expected to support 12.5% annual distribution growth for two more years."
Informational and educational content only. Not investment advice.