respectively, a contribution of $92 million to fund our share of a debt 
     repayment by a joint venture and a $134 million cash distribution 
     received in connection with the Whistler Joint Venture Transaction. 
 
 
 
                                                  Twelve Months 
Capital Expenditures     Three Months Ended      Ended  December 
(unaudited)                  December 31,              31, 
(In millions)            2024          2023      2024       2023 
---------------------   -------      --------   -------   -------- 
Capital Expenditures: 
 Growth capital 
  expenditures         $    227   $       283  $    796  $     838 
 Growth capital 
  reimbursements           (51)          (46)     (115)      (165) 
 Investments in 
  unconsolidated 
  affiliates(a)              50             8       236         98 
 Return of capital          (8)           (3)      (12)        (3) 
 Capitalized interest       (4)           (4)      (16)       (14) 
                        -------      --------   -------   -------- 
Total growth capital 
 expenditures(b)            214           238       889        754 
 Maintenance capital 
  expenditures              103            68       254        181 
 Maintenance capital 
  reimbursements           (17)          (11)      (48)       (31) 
 Capitalized interest       (1)            --       (3)        (1) 
                        -------      --------   -------   -------- 
Total maintenance 
 capital 
 expenditures                85            57       203        149 
 
Total growth and 
 maintenance capital 
 expenditures               299           295     1,092        903 
 Investments in 
  unconsolidated 
  affiliates(a)            (50)           (8)     (236)       (98) 
 Return of capital            8             3        12          3 
 Growth and 
  maintenance capital 
  reimbursements(c)          68            57       163        196 
 (Increase)/Decrease 
  in capital 
  accruals                 (22)          (76)         6       (82) 
 Capitalized interest         5             4        19         15 
                        -------      --------   -------   -------- 
Additions to 
 property, plant and 
 equipment             $    308   $       275  $  1,056  $     937 
                        =======      ========   =======   ======== 
 
 
 
 
(a)  Investments in unconsolidated affiliates for the twelve months ended 
     December 31, 2024 exclude $210 million and $18 million related to the 
     acquisition of additional interests in BANGL, LLC and Wink to Webster 
     Pipeline LLC, respectively. Investments in unconsolidated affiliates and 
     additions to property, plant and equipment, net are shown as separate 
     lines within investing activities in the Consolidated Statements of Cash 
     Flows. 
(b)  Total growth capital expenditures for the twelve months ended December 
     31, 2024 exclude $622 million of acquisitions, net of cash acquired, and 
     a $134 million cash distribution received in connection with the Whistler 
     Joint Venture Transaction. Total growth capital expenditures for the 
     three and twelve months ended December 31, 2023 exclude $246 million of 
     acquisitions. 
(c)  Growth capital reimbursements are generally included in changes in 
     deferred revenue within operating activities in the Consolidated 
     Statements of Cash Flows. Maintenance capital reimbursements are included 
     in the Contributions from MPC line within financing activities in the 
     Consolidated Statements of Cash Flows. 
 

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SOURCE MPLX LP

(END) Dow Jones Newswires

February 04, 2025 06:35 ET (11:35 GMT)