Mplx Lp (MPLX)

The company now

MPLX LP reported second-quarter 2026 net income attributable to the partnership of $1,077 million on 4 August 2026, up from $1,048 million in the same quarter a year earlier 1.

MPLX is a pipeline and gas processing partnership: it moves crude oil and fuels for its sponsor Marathon Petroleum Corporation (MPC), and it gathers and processes natural gas for producers 2.

Adjusted EBITDA, a profit measure before interest, taxes, depreciation and amortization that the company adjusts for one-time items, was $1,775 million, compared with $1,690 million 1.

The gas and natural gas liquids segment led the gain: its adjusted EBITDA rose to $614 million from $552 million, which the company tied to higher volumes from equity affiliates and acquisitions 1.

Crude oil pipeline throughput moved the other way and fell 4 percent to 5,876 thousand barrels a day 1.

The company raised its 2026 growth capital outlook by $500 million to $2.9 billion, mainly for a Gulf Coast fractionation project 1.

Fractionation is the further separation of the mixture of extracted natural gas liquids into individual components for end-use sale 2.

The open question is delivery: the Blackcomb gas pipeline began commissioning in July 2026, and the company lists full service for the fourth quarter 1.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.