MPLX LP financials
$57.05−1.06%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.47B | $10.90B | $10.43B | $10.54B | $9.57B | $8.40B | $8.74B | $7.00B | $3.87B | $3.03B |
| Gross profit | $6.35B | $6.10B | $5.78B | $5.52B | $5.34B | $5.12B | $5.03B | $3.99B | $2.17B | $1.68B |
| Gross margin | 55.4% | 55.9% | 55.4% | 52.4% | 55.8% | 61.0% | 57.5% | 57.0% | 56.1% | 55.5% |
| Operating income | $4.42B | $4.26B | $4.05B | $3.84B | $3.54B | $1.04B | $2.08B | $2.73B | $1.19B | $683.0M |
| Net income | $4.91B | $4.28B | $3.81B | $3.79B | $2.94B | -$842.0M | $910.0M | $1.74B | $411.0M | $1.0M |
| Net margin | 42.8% | 39.3% | 36.5% | 36.0% | 30.7% | −10.0% | 10.4% | 24.9% | 10.6% | 0.0% |
| Diluted EPS | $4.82 | $4.21 | $3.80 | $3.75 | $2.86 | $-0.80 | $1.00 | $2.29 | $1.06 | $0.00 |
| EBITDA | $5.77B | $5.54B | $5.27B | $5.07B | $4.87B | $4.62B | $4.53B | $3.60B | $1.87B | $1.40B |
| Operating cash flow | $5.91B | $5.95B | $5.40B | $5.02B | $4.91B | $4.52B | $4.08B | $3.07B | $1.91B | $1.49B |
| Free cash flow | $4.10B | $4.89B | $4.46B | $4.21B | $4.38B | $3.34B | $1.67B | $960.0M | $496.0M | $178.0M |
| Diluted shares | 1,019.0M | 1,017.0M | 1,002.0M | 1,010.0M | 1,027.0M | 1,051.0M | 907.0M | 761.0M | 388.0M | 338.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.14B | $1.52B | $1.05B | $238.0M | $13.0M | $15.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $26.01B | $21.19B | $20.67B | $20.03B | $18.77B | $20.36B |
| Total assets | $43.01B | $37.51B | $36.53B | $35.66B | $35.51B | $36.41B |
| Total liabilities | $28.48B | $23.50B | $22.95B | $22.15B | $22.49B | $22.43B |
| Shareholders' equity | $14.53B | $13.81B | $12.69B | $12.55B | $12.05B | $13.02B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology