Mplx lp reports third-quarter 2022 financial results

Findlay, ohio , nov. 1, 2022 /prnewswire/ -- reported third-quarter net income attributable to mplx of $1,428 million; includes $509 million non-cash lease reclassification gain reported adjusted ebitda attributable to mplx of $1,471 million, up 6% year over year generated $1,039 million in net cash provided by operating activities returned $935 million of capital to unitholders through $755 million of distributions and $180 million of unit repurchases announced distribution increase of 10% to $0.775 per unit, resulting in a coverage ratio of 1.6x mplx lp (nyse: mplx) today reported third-quarter 2022 net income attributable to mplx of $1,428 million, compared with $802 million for the third quarter of 2021. third-quarter 2022 net income includes a $509 million non-cash gain resulting from the accounting for the reclassification of a third-party contract from an operating lease to a sales-type lease.
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