MPC · 8-K · 20260804PR000060

Capital Expenditure Increase

Marathon Petroleum Corp · 2026-08-04 · Importance 59 · Surprise 66

MPLX increased its 2026 growth capital spending outlook by $500 million to $2.9 billion. The increase primarily reflects accelerated execution of the Gulf Coast fractionation project to meet global demand for U.S. energy. More than 90% of MPLX’s organic growth capital is planned for natural gas and NGL infrastructure in the Permian and Marcellus basins, with expected returns in the mid-teens. The investment program includes processing plants, pipelines, NGL expansion, fractionation facilities, and a 400 thousand-barrel-per-day LPG export terminal scheduled through 2029.