MPLX LP — Third Quarter 2026 Earnings Summary

MPLX LP reported third-quarter 2026 net income of $1.164 billion and adjusted EBITDA of $1.859 billion, driven by higher rates and increased volumes across its Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The company announced a 12.5% increase in its quarterly distribution to $1.2111 per unit, marking the third consecutive year of distribution growth, supported by distributable cash flow of $1.537 billion. Strategic progress includes the operational start of the Harmon Creek III processing plant in August and ongoing expansion of the Permian sour gas treating facility, alongside a $750 million asset sale to fund future growth in the Permian and Marcellus basins.