Mplx Lp Stock Price, News & Analysis

MPLX reported a fourth-quarter 2022 net income of $816 million, slightly down from $830 million in Q4 2021. Full-year net income reached $3.9 billion, up from $3.1 billion in 2021. Adjusted EBITDA for Q4 2022 was $1.5 billion, compared to $1.4 billion in the same quarter last year, contributing to full-year adjusted EBITDA of $5.8 billion.

The company returned over $3.5 billion to unitholders in 2022 and announced a Q4 distribution of $0.775 per unit. Looking ahead, MPLX plans $950 million in capital spending for 2023, focusing on growth in its logistics and storage assets.

MPLX LP (NYSE: MPLX) has announced a quarterly cash distribution of $0.775 per common unit for Q4 2022, amounting to an annualized total of $3.10. The distribution is set to be paid on February 14, 2023, for common unitholders on record by February 6, 2023. The announcement includes a qualified tax notice for brokers concerning non-U.S. investors, indicating that all distributions will be considered as income effectively connected with U.S. trade or business, necessitating federal income tax withholding at the highest effective rate. MPLX operates midstream energy infrastructure and logistics assets.

MPLX LP (NYSE: MPLX) will hold a conference call on January 31, 2023, at 9:30 a.m. EST, to discuss its 2022 fourth-quarter and full-year financial results. Interested parties can listen via MPLX's website, where a replay will be available for two weeks post-call. Financial documents, including the earnings release, will be accessible online prior to the event. MPLX operates midstream energy infrastructure, including crude oil and refined product pipelines, and offers fuel distribution services in key U.S. supply basins.

MPLX reported a strong third-quarter 2022, posting a net income of $1,428 million, up from $802 million in 2021. The adjusted EBITDA rose 6% year-over-year, reaching $1,471 million. The company generated $1,039 million in net cash from operating activities and returned $935 million to unitholders, including a 10% distribution increase to $0.775 per unit. The coverage ratio stood at 1.6x. MPLX's leverage ratio improved to 3.5x, below its 4.0x target, highlighting robust cash flow generation and financial stability.

The board of MPLX LP has declared a quarterly cash distribution of $0.775 per common unit for Q3 2022, a 10% increase from the previous quarter. This translates to $3.10 annualized. The distribution is set to be paid on Nov. 22, 2022, to unitholders on record as of Nov. 15, 2022. MPLX, a diversified master limited partnership, specializes in midstream energy operations and logistics. Investors should note that distributions to foreign investors are subject to federal income tax withholding at the highest applicable rate.

WhiteWater Midstream and Cheniere Energy have initiated construction of the ADCC Pipeline, a new joint venture pipeline extending 43 miles to Cheniere's Corpus Christi facility. The pipeline is designed to transport 1.7 Bcf/d of natural gas, with potential expansion to 2.5 Bcf/d, expected to be operational by 2024, pending regulatory approvals. The Whistler Pipeline, part of this consortium including MPLX, facilitates natural gas transport from the Permian Basin to export markets in South Texas.

MPLX LP (NYSE: MPLX) will host a conference call on November 1, 2022, at 9:30 a.m. ET to discuss its third-quarter financial results for 2022. Interested parties can access the call via MPLX's website, where a replay will be available for two weeks. The company operates a diversified portfolio in the midstream energy sector, managing infrastructure such as pipelines, marine terminals, and processing facilities.

MPLX LP (NYSE: MPLX) has released its 2021 Schedule K-3 investor tax packages, now accessible on its website. This is particularly relevant for foreign unitholders and those needing specific tax information. MPLX will not mail K-3 packages but encourages investors to review the material online, especially if it pertains to their tax filings. For additional information or electronic copies, investors can contact MPLX directly. The company operates extensive midstream energy infrastructure across the U.S.

MPLX LP (NYSE: MPLX) announced the redemption of all outstanding senior notes, totaling $500 million for both the 3.500% notes due Dec. 1, 2022, and the 3.375% notes due March 15, 2023. The 2022 notes are slated for redemption on or about Aug. 25, 2022, while the 2023 notes will be redeemed on or about Sept. 15, 2022. Redemption prices will be at par or make-whole payment plus accrued interest. This announcement is strictly informational and does not constitute an offer to buy or sell the notes. MPLX operates midstream energy infrastructure, including pipelines and terminals.