$MPLX

Williams Companies (WMB) will buy Momentum Midstream for $5.5B and invest $1.5B in its Delta Access Expansion, adding 4.05 Bcf/d capacity and 2.25 Bcf/d starting early 2029. Enbridge (ENB) and MPLX (MPLX) sanctioned the 2.6 Bcf/d Bay Runner Twin Pipeline for NextDecade’s Rio Grande LNG, entering service by 2030. TC Energy (TRP) and DT Midstream (DTM) approved gas pipeline expansions tied to 20-year take-or-pay contracts for power and AI data centers.

MPLX LP reported Q2 2026 results on Aug. 4. The company said its Marcellus processing plants operated at 96% capacity, its Utica gathering systems handled 18% more gas year over year, and a new 300 MMcf/d processing plant in southwest Pennsylvania began starting up this month, according to MPLX.

Simply Wall St reports MPLX’s Q2 results supported a stock move, citing basic EPS of about $1.06 on revenue of $3.3b and adjusted EBITDA of about $1.8b, up year over year. It highlights project ramp and utilization, plus management targets of 1.3x coverage and 12.5% annual distribution growth for 2026.

MPLX LP reported Q2 2026 results and an earnings-call outlook. It said adjusted EBITDA rose 5% year over year, helped by record Marcellus volumes and higher NGL pipeline throughput. MPLX raised 2026 capital spending outlook by $500 million to $2.9 billion and expects mid-single-digit adjusted EBITDA growth in 2026 and stronger 2027 growth, with distribution increases of 12.5% for 2026-27.

MPLX LP (NYSE: MPLX) reported Q2 2026 net income attributable to MPLX of $1.077 billion and operating cash flow of $1.702 billion. Adjusted EBITDA was $1.775 billion and distributable cash flow $1.450 billion. MPLX declared a $1.0765 per unit distribution and expects 12.5% distribution increases in 2026 and 2027. Growth capex outlook rose to $2.9 billion.

MPLX LP (MPLX) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 mplxq22026earningsrelease.htm EX-99.1 Document Exhibit 99.1 MPLX LP Reports Second-Quarter 2026 Financial Results • Executing Natural Gas and NGL value chain growth strategy; Harmon Creek III processing plant beginning operations in August; progressing expansion of Perm

Wall Street analyst calls covered Ford (F) upgraded to Buy at Citigroup with a $20 target, Caterpillar (CAT) cut to Neutral at Baird with a $900 target, and Reddit (RDDT) initiated as Overweight at KeyBanc with a $225 target. Other moves included Bloom Energy (BE) Buy at $290 and Texas Instruments (TXN) Buy at $405. Market context cited a Dow gain and lower oil.

Michigan’s EGLE approved July 30 air permits for Marathon Petroleum and MPLX Terminals in Southwest Detroit, covering a refinery expansion and fuel loading/rail changes. The permits add conditions including extended enhanced air monitoring for at least six years at four locations, after a July 6 flare event tied to a power outage. EGLE estimates higher ozone-forming pollutants and SO2 emissions.

MPLX LP (NYSE: MPLX) said its general partner’s board declared a quarterly cash distribution of $1.0765 per common unit for Q2 2026, or $4.31 annualized. Payment is set for Aug. 14, 2026 to unitholders of record Aug. 7, 2026. The release also includes a qualified tax notice for non-U.S. investors.

The article highlights three U.S.-listed midstream income stocks: ONEOK (OKE), Kinder Morgan (KMI), and MPLX (MPLX). It cites dividend/unit payouts and recent results, including ONEOK’s January dividend increase to $1.07 quarterly and 2026 adjusted EBITDA guidance of $7.9B-$8.3B, KMI’s 2026 annualized dividend of $1.19, and MPLX’s Q1 2026 distribution of $1.0765 per unit and 12.5% growth target through 2027.