MPLX Net Income Falls in Q3 as Adjusted EBITDA Rises 5.3%

MPLX LP's third-quarter net income fell to $1.164 billion from $1.545 billion a year earlier, while adjusted EBITDA rose 5.3% and the quarterly distribution increased for a third straight year. For the three months ended Sept. 30, diluted net income per limited partner unit was $1.15, compared with $1.52 in the year-earlier quarter. The results combine lower net income and per-unit earnings with growth in adjusted EBITDA. Total revenues and other income came to $3.605 billion, slightly below the $3.619 billion recorded a year earlier.

Source: TokenPost