The midstream operator reported $3.31 billion in revenue, exceeding expectations as adjusted EBITDA reached $1.8 billion.
MPLX posted second-quarter revenue of $3.31 billion, surpassing estimates by $170 million and marking a 10.3% increase from the same period last year. GAAP earnings per share matched forecasts at $1.06.
Adjusted EBITDA attributable to MPLX totaled $1.8 billion, while distributable cash flow reached $1.5 billion. The company returned $1.1 billion in capital to shareholders during the quarter.
The results reflect steady growth in midstream operations amid strong cash flow generation.