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MPLX LP (MPLX) CEO Mike Hennigan on Q1 2021 Results - Earnings Call Transcript

May 04, 2021 4:02 PM ETMPLX LP (MPLX)
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MPLX LP (NYSE:MPLX) Q1 2021 Earnings Conference Call May 4, 2021 9:30 AM ET

Company Participants

Kristina Kazarian - Vice President-Investor Relations

Mike Hennigan - Chairman, President & Chief Executive Officer

Pam Beall - Chief Financial Officer

Greg Floerke - Executive Vice President & Chief Operating Officer

Conference Call Participants

John Mackay - Goldman Sachs

Spiro Dounis - Credit Suisse

Michael Blum - Wells Fargo

Keith Stanley - Wolfe Research


Welcome to the MPLX First Quarter 2021 Earnings Call. My name is Amber, and I will be your operator for today's call. At this time, all participants are in listen-only mode. Later we will conduct a question-and-answer session. [Operator Instructions] Please note that this conference is being recorded.

I will now turn the call over to Kristina Kazarian. Kristina, you may begin.

Kristina Kazarian

Thanks so much. Good morning and welcome to the MPLX first quarter 2021 earnings conference call. The slides that accompany this call can be found on our website at mplx.com, under the Investor tab. Joining me on the call today are; Mike Hennigan, Chairman, President and CEO; Pam Beall, CFO, and other members of the executive team.

We invite you to read the Safe Harbor statements and the non-GAAP disclaimer on slide 2. It's a reminder that we will be making forward-looking statements during the call and during the question-and-answer session that follows. Actual results may differ materially from what we expect today. Factors that could cause actual results to differ are included there as well as in our filings with the SEC.

With that, I'll turn the call over to Mike.

Mike Hennigan

Thanks, Kristina. Good morning and thank you for joining our call. Earlier today, we reported adjusted EBITDA for the first quarter of 2021 of $1.4 billion. Despite lingering challenges from the COVID-19 pandemic and headwinds in the

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