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Energy group MPLX ups pipeline throughput by 6% in second quarter

·1 min read

By Stephanie Kelly

NEW YORK, Aug 2 (Reuters) - U.S. midstream oil and natural gas company MPLX LP said Tuesday it increased total pipeline throughputs by 6% in the second quarter of 2022 and terminal throughput by 4%, compared with year-ago levels.

MPLX said in an earnings statement that total pipeline throughputs were 5.9 million barrels per day (bpd), with terminal throughput of 3.1 million bpd for the second quarter.

It reported net income of $875 million and adjusted earnings at $1,457 million, both higher than the second quarter in 2021.

For the second quarter 2022, MPLX raised gathered volumes by 11% from year-ago levels to an average of 5.6 billion cubic feet per day (bcf/d). In the Marcellus region, gathered volumes fell 1% versus year-ago levels to an average of 1.3 bcf/d.

EXPANSIONS

MPLX said it is expanding several projects, including in the Permian where the Whistler pipeline is increasing from 2.0 bcf/d to 2.5 bcf/d, in addition to laterals into the Midland basin and Corpus Christi domestic and export markets.

Construction is also continuing on the 200 million cubic feet per day (mmcf/d) Torñado ll processing plant, which MPLX expects to come online in the second half of 2022.

MPLX said the 68,000 bpd Smithburg de-ethanizer project in the Marcellus is expected to come online in the third quarter. (Reporting by Stephanie Kelly; Editing by Alexander Smith)