The midstream energy firm projects adjusted EBITDA growth in mid-single digits for 2026 while increasing capital spending to $2.9 billion.
MPLX increased its 2026 capital expenditure outlook by $500 million to $2.9 billion, targeting mid-single-digit adjusted EBITDA growth. The company reported $1.8 billion in adjusted EBITDA for Q2 2026, up 5% year-over-year.
The Q2 2026 adjusted EBITDA of $1.8 billion surpassed the prior-year period, reflecting operational strength. Management highlighted a return of over $1.1 billion to shareholders, supported by the quarter’s performance.
No immediate market reaction was disclosed in the earnings call insights.