MPLX Q2 FY26 net income rises 2.77% to $1.08 billion - MPLX News | RalliesMPLX Q2 FY26 net income rises 2.77% to $1.08 billion
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MPLX• Second-quarter results
- MPLX posted second-quarter net income attributable to unitholders of USD 1.1 billion, up 2.77% from a year earlier.
- Adjusted EBITDA attributable to unitholders rose 5.03% to USD 1.8 billion, while distributable cash flow edged up to USD 1.5 billion.
- Distribution per common unit increased to USD 1.0765, while distribution coverage narrowed to 1.3x from 1.5x a year earlier.
Capital spending outlook and project timing
- Growth capital spending outlook for 2026 lifted by USD 500 million to USD 2.9 billion, mainly reflecting accelerated Gulf Coast fractionation work.
- Harmon Creek III processing plant is set to begin operations in August, while MPLX expects distribution increases of 12.5% in 2026 and 2027.
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