MPLX reported FY 2025 net income attributable to limited partners of USD 4.9 billion, with Adjusted EBITDA attributable to MPLX of USD 7.0 billion and distributable cash flow $(DCF)$ attributable to MPLX of USD 5.8 billion. Net cash provided by operating activities totaled USD 5.9 billion, while Adjusted free cash flow (Adjusted FCF) was USD 1.0 billion. Total revenues and other income were USD 13.0 billion in FY 2025, including service revenue of USD 7.3 billion, rental income of USD 1.1 billion and product related revenue of USD 2.4 billion. During FY 2025, MPLX paid USD 4.0 billion in distributions, including a 12.5% increase in its quarterly distribution effective for Q3 2025, and repurchased USD 400 million of common units. Corporate updates included the March 2025 acquisition of gathering businesses from Whiptail Midstream, a June 2025 purchase of an additional 5% interest in the Matterhorn Express Pipeline joint venture, the July 2025 acquisition of the remaining 55% interest in BANGL for USD 703 million in cash plus a potential earnout of up to USD 275 million, and the August 2025 acquisition of Northwind Midstream for USD 2.4 billion in cash. MPLX also sold its Rockies gathering and processing operations in November 2025 for USD 980 million in cash and reported a USD 484 million gain from the BANGL acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MPLX LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001552000-26-000009), on February 26, 2026, and is solely responsible for the information contained therein.