MPLX(US:MPLX)2025-05-06 11:27Financial Performance - Adjusted EBITDA increased by 7% year-over-year to $1.8 billion[7,9] - Distributable cash flow (DCF) increased by 8% year-over-year[31] - Distributions to unitholders totaled $978 million[7] - Unit repurchases amounted to $100 million[7] - Adjusted free cash flow was $641 million[31] - Total capital returned to unitholders was $1.078 billion[31] Strategic Investments and Growth - Over $1 billion of bolt-on acquisitions were announced[9] - MPLX acquired the remaining 55% interest in BANGL, LLC for $715 million[7] - A crude gathering system was acquired for $237 million[7] - An additional 5% interest in the Matterhorn Express Pipeline joint venture was acquired for $151 million[7] - The company plans to expand the BANGL pipeline to 300 thousand barrels per day (MBPD)[15] Operational Highlights - Crude oil pipeline volume was 3.9 million barrels per day (MMBPD), a 13% increase[26] - Product pipeline volume was 2.0 MMBPD, a 10% increase[26] - Terminal volume was 3.1 MMBPD, a 6% increase[26] - Natural gas gathering volume was 6.5 billion cubic feet per day (Bcf/d), a 5% increase[27] - Natural gas processing volume was 9.8 Bcf/d, a 4% increase[27] - Fractionation volume was 660 MBPD, a 4% increase[27]