Strong Financial Performance
Adjusted EBITDA for Q1 2025 reached $1.8 billion, marking a 7% year-over-year increase. Distributable cash flow was $1.5 billion, supporting $1 billion in distributions to unitholders and $100 million in unit repurchases.
Strategic Acquisitions
MPLX announced over $1 billion in strategic acquisitions, including full ownership of the BANGL NGL pipeline system, expansion in crude oil value chain via Whiptail Midstream, and doubling its stake in the Matterhorn Express Pipeline from 5% to 10%.
Record Natural Gas and NGL Services Segment Performance
The segment set a new record with a $84 million increase in adjusted EBITDA compared to Q1 2024, driven by Permian and Utica basins growth.
Expansion Projects
MPLX is advancing its NGL integrated value chain with the completion of its seventh processing plant, expected to be operational in Q4 2025, and a mainline expansion to 300,000 barrels per day by the second half of 2026.
Capital Allocation and Growth Strategy
MPLX is committing $1.7 billion for growth projects in 2025, with 85% allocated to Natural Gas and NGL Services segment, targeting mid-single-digit growth and mid-teens returns on investments.