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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.04B | - | $3.62B | $3.00B | $3.12B | - | $2.97B | $3.05B | $2.85B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $114.00M | - | $126.00M | $107.00M | $112.00M | - | $107.00M | $107.00M | $109.00M | - |
| Total Operating Expenses | $1.82B | - | $1.82B | $1.71B | $1.76B | - | $1.70B | $1.63B | $1.59B | - |
| D&A | $295.00M | - | - | - | - | - | - | - | - | - |
| Operating Income | $1.21B | - | $1.80B | $1.29B | $1.37B | - | $1.27B | $1.42B | $1.25B | - |
| Interest Expense | $314.00M | - | $279.00M | $247.00M | $241.00M | - | $251.00M | $230.00M | $228.00M | - |
| Income Tax | $1.00M | - | $3.00M | $1.00M | $1.00M | - | $2.00M | $2.00M | $1.00M | - |
| Net Income | $911.00M | - | $1.54B | $1.05B | $992.00M | - | $1.03B | $1.17B | $1.01B | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.51B | $2.14B | $1.76B | $1.39B | $2.53B | $1.52B | $2.43B | $2.50B | $385.00M | $1.05B |
| Accounts Receivable | $769.00M | $735.00M | $729.00M | $736.00M | $858.00M | $718.00M | $742.00M | $747.00M | $752.00M | $823.00M |
| Inventory | $178.00M | $172.00M | $175.00M | $192.00M | $186.00M | $180.00M | $171.00M | $168.00M | $163.00M | $159.00M |
| Accounts Payable | $126.00M | $108.00M | $131.00M | $149.00M | $145.00M | $147.00M | $120.00M | $127.00M | $132.00M | $153.00M |
| Current Assets | $3.52B | $3.99B | $4.59B | $3.17B | $4.52B | $3.28B | $4.22B | $4.20B | $2.14B | $2.81B |
| Total Assets | $42.93B | $43.01B | $43.23B | $37.84B | $38.97B | $37.51B | $38.52B | $38.40B | $36.46B | $36.53B |
| Current Liabilities | $3.19B | $3.25B | $3.50B | $3.07B | $4.17B | $3.23B | $4.27B | $4.23B | $2.96B | $2.62B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $28.64B | $28.48B | $28.70B | $23.79B | $24.90B | $23.50B | $24.53B | $24.52B | $22.81B | $22.95B |
| Stockholders' Equity | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.35B | - | - | - | $1.25B | - | - | - | $1.29B | - |
| Investing Cash Flow | ($791.00M) | - | - | - | ($601.00M) | - | - | - | ($996.00M) | - |
| Financing Cash Flow | ($1.19B) | - | - | - | $370.00M | - | - | - | ($958.00M) | - |
| CapEx | $575.00M | - | - | - | $267.00M | - | - | - | $255.00M | - |
| Free Cash Flow | $772.00M | - | - | - | $979.00M | - | - | - | $1.04B | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 40.0% | - | 49.8% | 43.1% | 43.7% | - | 42.9% | 46.5% | 44.0% | - |
| EBITDA margin | 49.7% | - | - | - | - | - | - | - | - | - |
| Net margin | 30.0% | - | 42.7% | 34.9% | 31.8% | - | 34.7% | 38.2% | 35.7% | - |
| Free cash flow margin | 25.4% | - | - | - | 31.3% | - | - | - | 36.4% | - |
| FCF / Net income | 0.85 | - | - | - | 0.99 | - | - | - | 1.02 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 3.8% | - | 3.5% | 3.6% | 3.6% | - | 3.6% | 3.5% | 3.8% | - |
| Effective tax rate | 0.1% | - | 0.2% | 0.1% | 0.1% | - | 0.2% | 0.2% | 0.1% | - |
| Return on assets | 2.1% | - | 3.6% | 2.8% | 2.5% | - | 2.7% | 3.0% | 2.8% | - |
| Return on equity | - | - | - | - | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.10 | 1.23 | 1.31 | 1.03 | 1.08 | 1.01 | 0.99 | 0.99 | 0.72 | 1.07 |
| Quick ratio | 1.05 | 1.18 | 1.26 | 0.97 | 1.04 | 0.96 | 0.95 | 0.95 | 0.67 | 1.01 |
| Cash ratio | 0.47 | 0.66 | 0.50 | 0.45 | 0.61 | 0.47 | 0.57 | 0.59 | 0.13 | 0.40 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 3.9x | - | 6.5x | 5.2x | 5.7x | - | 5.1x | 6.2x | 5.5x | - |
| Equity multiplier | - | - | - | - | - | - | - | - | - | - |
| Liabilities / Assets | 0.67 | 0.66 | 0.66 | 0.63 | 0.64 | 0.63 | 0.64 | 0.64 | 0.63 | 0.63 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | - | 0.08 | 0.08 | 0.08 | - | 0.08 | 0.08 | 0.08 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 92d | - | 74d | 89d | 100d | - | 91d | 89d | 96d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -2.8% | - | 21.8% | -1.6% | 9.8% | - | 2.1% | 13.5% | 4.9% | - |
| Revenue CAGR (3y) | 3.8% | - | 2.1% | 0.7% | 6.2% | - | 5.1% | 8.4% | 6.8% | - |
| Revenue CAGR (5y) | 5.4% | - | 10.0% | 7.6% | 11.9% | - | 5.4% | 13.4% | 11.6% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -11.1% | - | 41.3% | -8.9% | 9.2% | - | -23.8% | 20.8% | 4.6% | - |
| Net income growth (YoY) | -8.2% | - | 49.8% | -10.2% | -2.3% | - | 12.3% | 25.1% | 7.6% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -21.1% | - | - | - | -5.5% | - | - | - | -2.1% | - |
| FCF CAGR (5y) | -5.0% | - | - | - | 9.2% | - | - | - | 45.1% | - |
| Book value growth (YoY) | - | - | - | - | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$13.00B totalCrude Oil And Products Logistics$6.58B · 50.6%
Natural Gas And NGLServices$6.42B · 49.4%
Product / service
$4.84B totalService$4.82B · 99.7%
Product$16.00M · 0.3%
Peer comparison
Same SIC group: Pipe Lines (No Natural Gas)
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 |