MPLX · Mplx LP - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · MPLX

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$13.00B	$11.93B	$11.28B	$11.61B	$10.03B	$7.57B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$446.00M	$427.00M	$379.00M	$335.00M	$353.00M	$378.00M
Total Operating Expenses	$7.05B	$6.64B	$6.38B	$6.70B	$6.04B	$7.36B
D&A	-	-	-	-	-	$1.38B
Operating Income	$5.94B	$5.29B	$4.90B	$211.00M	$3.11B	($685.00M)
Interest Expense	$1.07B	$963.00M	$0◇	$5.00M◇	$8.00M◇	-
Income Tax	-	$10.00M	$11.00M	$8.00M	$1.00M	$2.00M
Net Income	$4.91B	$4.28B	$3.93B	$3.94B	$3.08B	($720.00M)
EPS - Basic	-	-	-	-	-	-
EPS - Diluted	-	-	-	-	-	-

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$2.14B	$1.52B	$1.05B	$238.00M	$13.00M	$15.00M
Accounts Receivable	$735.00M	$718.00M	$823.00M	$737.00M	$654.00M	$452.00M
Inventory	$172.00M	$180.00M	$159.00M	$148.00M	$142.00M	$118.00M
Accounts Payable	$108.00M	$147.00M	$153.00M	$224.00M	$172.00M	$152.00M
Current Assets	$3.99B	$3.28B	$2.81B	$1.91B	$1.51B	$1.51B
Total Assets	$43.01B	$37.51B	$36.53B	$35.66B	$35.51B	$36.41B
Current Liabilities	$3.25B	$3.23B	$2.62B	$2.40B	$3.35B	$2.09B
Long-term Debt	-	-	-	-	-	-
Total Liabilities	$28.48B	$23.50B	$22.95B	$22.15B	$22.49B	$22.43B
Stockholders' Equity	-	-	-	-	-	-
Retained Earnings	-	-	-	-	-	-

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$5.91B	$5.95B	$5.40B	$5.02B	$4.91B	$4.52B
Investing Cash Flow	($4.86B)	($2.00B)	($1.25B)	($956.00M)	($518.00M)	($1.26B)
Financing Cash Flow	($435.00M)	($3.48B)	($3.33B)	($3.84B)	($4.39B)	($3.26B)
CapEx	$1.81B	$1.06B	$937.00M	$806.00M	$529.00M	$1.18B
Free Cash Flow	$4.10B	$4.89B	$4.46B	$4.21B	$4.38B	$3.34B

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	45.7%	44.3%	43.4%	1.8%	31.0%	-9.1%
EBITDA margin	-	-	-	-	-	9.1%
Net margin	37.8%	35.9%	34.8%	34.0%	30.7%	-9.5%
Free cash flow margin	31.6%	41.0%	39.5%	36.3%	43.7%	44.1%
FCF / Net income	0.84	1.14	1.14	1.07	1.42	-4.64
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	3.4%	3.6%	3.4%	2.9%	3.5%	5.0%
Effective tax rate	-	0.2%	0.3%	0.2%	0.0%	-
Return on assets	11.4%	11.4%	10.8%	11.1%	8.7%	-2.0%
Return on equity	-	-	-	-	-	-
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	1.23	1.01	1.07	0.79	0.45	0.73
Quick ratio	1.18	0.96	1.01	0.73	0.41	0.67
Cash ratio	0.66	0.47	0.40	0.10	0.00	0.01
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	5.5x	5.5x	-	42.2x	389.1x	-
Equity multiplier	-	-	-	-	-	-
Liabilities / Assets	0.66	0.63	0.63	0.62	0.63	0.62
Efficiency
Asset turnover	0.30	0.32	0.31	0.33	0.28	0.21
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	21d	22d	27d	23d	24d	22d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	8.9%	5.8%	-2.9%	15.8%	32.5%	-16.3%
Revenue CAGR (3y)	3.8%	6.0%	14.2%	8.7%	16.0%	25.1%
Revenue CAGR (5y)	11.4%	5.7%	11.9%	24.6%	31.1%	60.8%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	12.4%	7.9%	2222.3%	-93.2%	-	-
Net income growth (YoY)	14.7%	9.0%	-0.4%	28.2%	-	-
EPS growth (YoY)	-	-	-	-	-	-
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-16.1%	9.6%	5.9%	-3.9%	31.3%	99.4%
FCF CAGR (5y)	4.2%	23.9%	37.5%	53.4%	121.6%	-
Book value growth (YoY)	-	-	-	-	-	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$13.00B total

Crude Oil And Products Logistics$6.58B · 50.6%

Natural Gas And NGLServices$6.42B · 49.4%

Product / service

$4.84B total

Service$4.82B · 99.7%

Product$16.00M · 0.3%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✓Current ratio improved
-No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Pipe Lines (No Natural Gas)

Company	Revenue (last FY)	Net margin	ROE
DKL	$1.01B	17.4%	-
DINO	$26.87B	2.2%	6.3%
GEL	$1.63B	-27.0%	-
MMP	$3.20B	32.4%	-
NS	-	-	-

Comparing MPLX LP against the 5 most active filers in the same SIC group.

Dividends

$4.19/share trailing 12 months · +12.6% YoY

Ex-date	Per share
May 8, 2026	$1.0770
Feb 9, 2026	$1.0770
Nov 7, 2025	$1.0770
Aug 8, 2025	$0.9570
May 9, 2025	$0.9570
Feb 3, 2025	$0.9570
Nov 8, 2024	$0.9570
Aug 9, 2024	$0.8500
May 2, 2024	$0.8500
Feb 2, 2024	$0.8500
Nov 2, 2023	$0.8500
Aug 3, 2023	$0.7750
May 4, 2023	$0.7750
Feb 3, 2023	$0.7750
Nov 14, 2022	$0.7750
Aug 4, 2022	$0.7050
May 5, 2022	$0.7050
Feb 3, 2022	$0.7050
Nov 10, 2021	$1.2800
Aug 5, 2021	$0.6880
May 6, 2021	$0.6880
Feb 5, 2021	$0.6880
Nov 5, 2020	$0.6880
Aug 6, 2020	$0.6880

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.