MPLX reports Q1 2026 net income of $912M, advances growth projects in Permian and Marcellus basins.

MPLX LP reported a Q1 2026 net income of $912 million, down from $1,126 million in Q1 2025, mainly due to derivatives and interest expenses. Adjusted EBITDA was $1.7 billion, with distributable cash flow of $1.4 billion supporting a $1.1 billion capital return to unitholders. The company is expanding its Permian sour gas treating capacity and advancing the Harmon Creek III processing plant in the Marcellus basin, expecting mid-single digit growth and 12.5% annual distribution growth for two more years. MPLX maintains a leverage ratio of 3.7x and has increased its revolving credit facility to $2.5 billion.