BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 5.Aug.2025, Words: 350) — MPLX LP reported second-quarter 2025 (2Q:25) net income attributable to MPLX of $1,048mn compared to $1,176mn in the 2Q:24.
For the first-half 2025 (1H:25), net income attributable to MPLX was $2,174mn compared to $2,181mn in the 1H:24, MPLX announced on 5 Aug. 2025 in its quarterly financial press release.
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Other financial highlights include:
— announced Northwind Midstream acquisition for $2.375bn enhances Permian natural gas and NGL value chain and accelerates future growth opportunities;
— 2Q:25 net income attributable to MPLX of $1bn and net cash provided by operating activities of $1.7bn;
— adjusted EBITDA attributable to MPLX of $1.7bn, reflecting execution of value chain growth strategy; and
— distributable cash flow of $1.4bn, enabling the return of $1.1bn of capital.
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Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to MPLX in 2Q:25 was $1,690mn compared to $1,653mn in the 2Q:24.
Crude oil and products logistics segment adjusted EBITDA in the 2Q:25 was $1,138mn compared to $1,099mn in the 2Q:24.
Natural gas and NGL services segment adjusted EBITDA in the 2Q:25 was $552mn compared to $554mn in the 2Q:24.
During the quarter, MPLX generated $1,736mn in net cash provided by operating activities, $1,420mn of distributable cash flow, and adjusted free cash flow of $1,130mn, the company said.
Additionally, MPLX announced a 2Q:25 distribution of $0.9565 per common unit, resulting in distribution coverage of 1.5x for the quarter. The leverage ratio was 3.1x at the end of the quarter.
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“The planned acquisition of Northwind Midstream demonstrates progress on our natural gas and NGL growth strategies in the Permian basin,” MPLX president and chief executive officer Maryann Mannen said in the statement.
“In the first half of 2025, operational and commercial performance delivered 5% year-over-year adjusted EBITDA growth. This execution of our mid-single digit growth strategy allows us to reinvest in the business and return capital to unitholders through anticipated annual distribution increases,” Mannen said.
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By Steve Stewart reporting from Baton Rouge. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
