MPLX LP (NYSE:MPLX) Files An 8-K Results of Operations and Financial Condition

On July 27, 2017, MPLX LP issued a press release announcing second-quarter 2017 earnings. The press release is being furnished as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

MPLX LP ExhibitEX-99.1 2 mplxq22017earningsrelease.htm EXHIBIT 99.1 Exhibit MPLX LP Reports Second-Quarter 2017 Financial Results•Reported record second-quarter net income of $190 million and adjusted EBITDA of $474 million •Reported second-quarter net cash from operating activities of $467 million and distributable cash flow of $387 million•Declared 18th consecutive quarterly distribution increase to $0.5625 per common unit,…To view the full exhibit click here
About MPLX LP (NYSE:MPLX)
MPLX LP is a United States-based diversified master limited partnership (MLP) company, which owns, operates, develops and acquires midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs); and the gathering, transportation and storage of crude oil and refined petroleum products. The Company’s segments are Logistics and Storage (L&S) and Gathering and Processing (G&P). Its assets include infrastructure to support Marathon Petroleum Corporation (MPC), including approximately 2,900 miles of crude oil and refined product pipelines across over nine states. The Company owns a barge dock facility with approximately 80 thousand barrels per day (mbpd) of crude oil and product throughput capacity, as well as crude oil and product storage facilities with approximately 4,530 thousand barrels (mbbls) of available storage capacity.