MPLX reported a strong Q4 2025 with higher net income, improved adjusted EBITDA, and robust free cash flow, supported by stable midstream operations.

MPLX reported robust third-quarter financials with $1.5B in net income, driven by steady growth in both Crude Oil and Natural Gas segments. The company also boosted its quarterly distribution for the second consecutive year and executed key portfolio optimization moves.

MPLX delivered a strong Q2 with $1.048 billion in net income and robust free cash flow of $1.13 billion, while maintaining a healthy balance sheet and executing on strategic growth initiatives including the Northwind Midstream acquisition.

MPLX delivered a solid first quarter with increases in both net income and adjusted EBITDA, supported by expansion in the Permian and Marcellus basins, and strategic pipeline developments.

MPLX LP reported a net income attributable to MPLX of $1,099 million for the fourth quarter of 2024, with adjusted EBITDA of $1,762 million. The company generated $1,675 million in net cash from operating activities and announced a distribution of $0.9565 per common unit.