MPLX LP delivered $1.8 billion in adjusted EBITDA for the second quarter of 2026, a 5% increase year-over-year, and returned over $1.1 billion to unitholders. The company raised its 2026 capital spending outlook by $500 million to $2.9 billion, reflecting accelerated execution of Gulf Coast fractionation projects that remain on budget and on schedule. Pipeline volumes increased 4%, gathering volumes rose 15%, processing volumes grew 5%, and fractionation volumes climbed 8% compared to the prior year. MPLX anticipates a 12.5% increase in its quarterly distribution for both 2026 and 2027, supported by durable cash flows and a strong balance sheet. The company expects mid-single-digit adjusted EBITDA growth in 2026, with sequential improvement through the year, and strong growth in 2027 as new projects ramp up.
MPLX LPRaises 2026 capital spending outlook by $500 million and reports record volumes with increased EBITDA and distribution growth.
