MPLX LP's (MPLX) CEO Mike Hennigan on Q2 2022 Results - Earnings Call Transcript

Aug. 02, 2022 1:49 PM ETMPLX LP (MPLX), MPLXP9 Comments
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MPLX LP (NYSE:MPLX) Q2 2022 Earnings Conference Call August 2, 2022 9:30 AM ET

Company Participants

Kristina Kazarian – Vice President-Investor Relations

Mike Hennigan – Chief Executive Officer

John Quaid – Chief Financial Officer

Greg Floerke – Executive Vice President and Chief Operating Officer

Tim Aydt – Executive Vice President and Chief Commercial Officer

Conference Call Participants

John Mackay – Goldman Sachs

Michael Blum – Wells Fargo

Brian Reynolds – UBS

Steve McGee – JPMC

Theresa Chen – Barclays

Harry Mateer – Barclays

Operator

Welcome to the MPLX Second Quarter 2022 Earnings Call. My name is Sheila and I will be your operator for today's call. At this time, all participants are in a 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

Good morning, and welcome to the MPLX second quarter 2022 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 and CEO; John Quaid, CFO; and other members of the executive team. We invite you to read the safe harbor statements and 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, everyone. Thank you for joining our call. Earlier today, we reported second quarter adjusted EBITDA of $1.5 billion. Our operating results this quarter represented 6% increase

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