By Rob Curran
MPLX LP's third-quarter net income and revenue rose, enabling the pipeline operator to recently boost distributions to shareholders.
The Findlay, Ohio, master limited partnership which owns and operates pipeline and storage infrastructure, posted earnings of $1.55 billion, or $1.52 a unit, up from $1.04 billion, or $1.01 a unit, a year earlier.
Revenue rose 22% to $3.62 billion.
Distributable cash flow amounted to $1.5 billion, topping the average Wall Street target of $1.4 billion.
In late October, MPLX boosted its quarterly distribution by 12.5% to $4.31 per unit, annualized.
MPLX named President and Chief Executive Maryann Mannen as chairperson, succeeding Executive Chairman Michael Hennigan, who will retire as of Jan. 1.
Write to Rob Curran at rob.curran@dowjones.com
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November 04, 2025 07:29 ET (12:29 GMT)
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