MPLX - MPLX LP (MPLX) Q4 2023 Earnings Call Transcript
2024-01-30 12:04:02 ET
MPLX LP (MPLX)
Q4 2023 Results Conference Call
January 30, 2024 09:30 AM ET
Company Participants
Kristina Kazarian - VP, Finance & IR
Mike Hennigan - Chairman, President and CEO
Kris Hagedorn - EVP and CFO
John Quaid - EVP and CFO, Marathon Petroleum Corporation
Dave Heppner - SVP, Strategy and Business Development
Shawn Lyon - SVP, Logistics and Storage
Gregory Floerke - EVP and COO
Conference Call Participants
John Mackay - Goldman Sachs
Brian Reynolds - UBS
Theresa Chen - Barclays
Jeremy Tonet - JPMorgan
Keith Stanley - Wolfe Research
Michael Blum - Wells Fargo
Neal Dingmann - Truist Securities
Presentation
Operator
Welcome to the MPLX Fourth Quarter 2023 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
Thank you. Good morning, and welcome to MPLX's fourth quarter 2023 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; Kris Hagedorn, CFO. Also with us is John Quaid, as our CFOs transition into their new roles 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. I'd like to acknowledge Kris Hagedorn, MPLX's new CFO joining our call. We look forward to Kris' financial leadership having served in various roles in the midstream sector, previously being the Controller of MPLX and most recently, Controller of MPC. 2023 was a strong year as we successfully executed our strategic priorities. Full year adjusted EBITDA was $6.3 billion. Distributable cash flow was $5.3 billion and adjusted free cash flow was $4.1 billion....
MPLX LP (MPLX) Q4 2023 Earnings Call Transcript