MPLX LP Reports First-Quarter 2026 Financial Results
MPLX reported Q1 2026 net income of $912 million and adjusted EBITDA of $1.7 billion, a slight decline from the prior year attributed to derivatives and interest expenses. The partnership generated $1.4 billion of distributable cash flow, enabling a 12.5% increase in the quarterly distribution to $1.0765 per unit and returning $1.1 billion of total capital to unitholders.
Key figures
- Eps
- 0.9
- Revenue
- 1304000000
- Guidance
- expected to support 12.5% annual distribution growth for two more years
- Leverage ratio
- 3.7x
- Growth capital plan
- 2400000000
- Distribution coverage
- 1.3x
- Distribution per unit
- 1.0765
AI analysis
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