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MPLX Reports Higher Gathering, NGL Fractionation Volumes in Q2 Amid Soaring US Natural Gas Demand

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Ohio-based midstream energy giant MPLX (MPLX) continued to capitalize on robust demand for US natural gas infrastructure in Q2, reporting higher natural gas gathering and NGL fractionation volumes as it expanded its footprint across key shale basins.

The company's natural gas gathering volumes rose 5% year-over-year to 6.85 billion cubic feet per day, driven by robust activity in key production regions.

Natural gas processing volumes slipped 2% to 9.59 Bcf/d, which was largely attributed to the divestiture of non-core assets, while NGL fractionation volumes increased 8% to 680,000 barrels per day.

MPLX is also making steady progress across key infrastructure projects to meet the rising domestic and global demand, with its 300 million cubic feet per day Harmon Creek III gas processing plant and its 40,000-barrel-per-day de-ethanizer in the Marcellus set to come online this month.

The company is also advancing several large-scale projects, including the Bay Runner natural gas pipeline, Gulf Coast fractionators, a Texas City LPG export terminal joint venture, among several others.

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