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.
Net income rose to $1.13 billion from $1.01 billion in Q1 2024.
Adjusted EBITDA reached $1.76 billion, up from $1.64 billion last year.
MPLX acquired full ownership of BANGL LLC and announced FID for the Traverse Pipeline.
Pipeline and terminal throughput volumes increased year-over-year, supporting revenue growth.
MPLX expects continued EBITDA growth supported by capital investments and volume expansion across core basins.
Visualization of income flow from segment revenue to net income
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