MPLX(US:MPLX)2025-08-05 13:30Financial Performance - Adjusted EBITDA reached $1.7 billion[8], with a 5% year-over-year increase in year-to-date Adjusted EBITDA[8] - Distributions to unitholders totaled $976 million[8] - Unit repurchases amounted to $100 million[8] Acquisition and Growth - The acquisition of Northwind Midstream for $2.375 billion[8, 9] is expected to accelerate growth in the Delaware basin, adding 200,000 dedicated acres[8, 11] - The Northwind Midstream acquisition is anticipated to have a mid-teen return and is expected to be immediately accretive to DCF[9, 10] - MPLX is deploying over $5 billion for growth in 2025, primarily in natural gas and NGL services[19, 29] Operational Highlights - Crude oil pipelines volume averaged 4.0 million barrels per day (MMbpd), a 2% increase compared to Q2 2024[34] - Product pipelines volume averaged 2.1 MMbpd, a 1% increase compared to Q2 2024[34] - Natural gas gathering volume was 6.6 billion cubic feet per day (Bcf/d), a 1% decrease compared to Q2 2024[36] - Natural gas processing volume was 9.7 Bcf/d, a 2% increase compared to Q2 2024[36]