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MPLX NEWS RELEASE MPLX LP Reports Third - Quarter 2021 Financial Results Reported net income attributable to MPLX of $ 802 million and adjusted EBITDA attributable to MPLX of $ 1.4 billion Generated $ 1.2 billion in net cash provided by operating activities ; returned $ 900 million in capital to unitholders through $ 745 million of distributions and $ 155 million of unit repurchases ; 1.61x adjusted distribution coverage and 3.7x leverage Exceptionally strong year - to - date cash flow supports announced distribution of $ 1.34 billion ; consisting of a 2.5 % increase to the base distribution amount and a special distribution amount of approximately $ 600 million FINDLAY , Ohio , Nov. 2 , 2021 - MPLX LP ( NYSE : MPLX ) today reported third - quarter 2021 net income attributable to MPLX of $ 802 million , compared to $ 665 million for the third quarter of 2020. Adjusted earnings before interest , taxes , depreciation , and amortization ( EBITDA ) attributable to MPLX was $ 1,389 million , compared with $ 1,335 million in the third quarter of 2020 . The Logistics and Storage ( L & S ) segment income from operations was $ 752 million for the third quarter of 2021 , compared with $ 677 million for the third quarter of 2020. Segment adjusted EBITDA for the third quarter of 2021 was $ 904 million , compared with $ 893 million for the third quarter of 2020 . The Gathering and Processing ( G & P ) segment income from operations was $ 279 million for the third quarter of 2021 , compared with $ 222 million for the third quarter of 2020. Segment adjusted EBITDA for the third quarter of 2021 was $ 485 million , compared with $ 442 million for the third quarter of 2020 . During the quarter , MPLX generated $ 1,182 million in net cash provided by operating activities , $ 1,191 million of distributable cash flow , and excess cash flow of $ 310 million . Adjusted distribution coverage was 1.61x and leverage was 3.7x . Year to date , MPLX has generated $ 3,671 million in net cash provided by operating activities , $ 3,578 million of distributable cash flow , and excess cash flow of $ 1,068 million . Today , MPLX declared a quarterly cash distribution of $ 1.28 per common unit for the third quarter of 2021 , including a base distribution amount of $ 0.705 per common unit and a special distribution amount of $ 0.575 per common unit . The base distribution amount represents a 2.5 % increase over the second quarter 2021 distribution . The distribution will be paid on November 19 , 2021 to common unitholders of record as of November 12 , 2021 .