MPLX
$56.35+0.05%
as of close, Oct 1, 2026
☾ AH $56.35 +0.05%
MPLX LP Common Units Representing Limited Partner InterestsStock · Energy
MPLX financial statements
The full income statement, balance sheet, and cash-flow statement for MPLX LP Common Units Representing Limited Partner Interests (MPLX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 1.02B2024-09 1.02B2024-12 1.02B2025-03 1.02B2025-06 1.02B2025-09 1.02B2025-12 1.02B2026-03 1.01B2026-06 1.01B-0.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 13.0B+8.9% | 11.9B+5.8% | 11.3B-2.9% | 11.6B+15.8% | 10.0B+45.4% | ||
| Lease income | — | — | — | 327M-13.0% | 376M-5.5% | |
| Noninterest income | — | — | — | — | 8.02B+16.3% | |
| Selling, general & administrative | 446M+4.4% | 427M+12.7% | 379M+13.1% | 335M-5.1% | 353M-6.6% | |
| General & administrative | 446M+4.4% | 427M+12.7% | 379M+13.1% | 335M-5.1% | 353M-6.6% | |
| Restructuring | — | — | — | 0.00 | 0.00-100.0% | |
| Operating income | 5.94B+12.4% | 5.29B+7.9% | 4.90B-0.2% | 4.91B+23.0% | 3.99B+1791.9% | |
| Interest expense | 983M+6.7% | 921M-0.2% | 923M-0.2% | 925M | — | |
| Interest & investment income | 68.0M-28.4% | 95.0M+120.9% | 43.0M+975.0% | 4.00M | — | |
| Other non-operating income | — | — | — | — | -86.0M-38.7% | |
| Equity-method income | 697M-13.1% | 802M+33.7% | 600M+26.1% | 476M+48.3% | 321M+134.3% | |
| Pre-tax income | 4.96B+13.6% | 4.37B+9.8% | 3.98B-0.2% | 3.99B+28.0% | 3.11B+554.5% | |
| Income tax | — | 10.0M-9.1% | 11.0M+37.5% | 8.00M+700.0% | 1.00M-50.0% | |
| 4.95B+13.7% | 4.36B+10.9% | 3.93B-0.4% | 3.94B+28.2% | 3.08B+527.4% | ||
| Income from continuing operations | 4.91B+13.8% | 4.32B+9.9% | 3.93B-0.4% | 3.94B-1.2% | 3.99B+1791.9% | |
| Net income to non-controlling interest | 40.0M+0.0% | 40.0M+5.3% | 38.0M+11.8% | 34.0M-2.9% | 35.0M+6.1% | |
| Net income to common | 4.91B+14.7% | 4.28B+12.4% | 3.81B+0.4% | 3.79B | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.99B+21.9% | 3.28B+16.7% | 2.81B+47.4% | 1.91B+26.4% | 1.51B-0.5% | ||
| Cash & equivalents | 2.14B+40.7% | 1.52B+44.9% | 1.05B+340.3% | 238M+1730.8% | 13.0M-13.3% | |
| Accounts receivable | 735M+2.4% | 718M-12.8% | 823M+11.7% | 737M+12.7% | 654M+44.7% | |
| Other current assets | 51.0M+75.9% | 29.0M-3.3% | 30.0M-43.4% | 53.0M | — | |
| 43.0B+14.6% | 37.5B+2.7% | 36.5B+2.4% | 35.7B+0.4% | 35.5B-2.5% | ||
| Property, plant & equipment | 21.7B+13.3% | 19.2B-0.6% | 19.3B+2.2% | 18.8B-6.0% | 20.0B-5.5% | |
| Operating lease right-of-use | 276M+1.1% | 273M+3.4% | 264M-6.7% | 283M | — | |
| Goodwill | 8.76B+14.5% | 7.64B+0.0% | 7.64B+0.0% | 7.64B-0.2% | 7.66B+0.0% | |
| Intangible assets | 1.40B+169.7% | 518M-20.8% | 654M-7.2% | 705M-15.2% | 831M-13.3% | |
| Other non-current assets | 1.13B+13.2% | 994M+0.4% | 990M+3.2% | 959M+1498.3% | 60.0M+25.0% | |
| 3.25B+0.4% | 3.23B+23.3% | 2.62B+9.3% | 2.40B-28.3% | 3.35B+60.5% | ||
| Accounts payable | 108M-26.5% | 147M-3.9% | 153M-31.7% | 224M+30.2% | 172M+13.2% | |
| Accrued liabilities | 254M-13.9% | 295M-1.7% | 300M+11.5% | 269M-25.9% | 363M+87.1% | |
| Deferred revenue | — | — | — | 0.00 | — | |
| Short-term & current debt | 1.50B-11.3% | 1.69B+49.2% | 1.14B+14.9% | 988M+98.0% | 499M+65214.1% | |
| Current lease liability | 53.0M+17.8% | 45.0M+0.0% | 45.0M-2.2% | 46.0M-22.0% | 59.0M-6.3% | |
| Other current liabilities | — | — | — | 166M-5.7% | 176M+17.3% | |
| 28.5B+21.2% | 23.5B+2.4% | 22.9B+3.6% | 22.2B-1.5% | 22.5B+0.3% | ||
| Long-term debt | 24.2B+25.4% | 19.3B-0.2% | 19.3B+2.6% | 18.8B+4.1% | 18.1B-6.7% | |
| Deferred revenue (non-current) | 119M-62.5% | 317M | 0.00-100.0% | 2.00M-60.0% | 5.00M-98.4% | |
| Non-current lease liability | 217M+0.0% | 217M+2.8% | 211M-8.3% | 230M+12.2% | 205M-16.0% | |
| Finance lease liability (total) | 6.00M+0.0% | 6.00M+0.0% | 6.00M-25.0% | 8.00M-11.1% | 9.00M-18.2% | |
| Deferred tax liabilities | — | — | — | — | 10.0M-16.7% | |
| Accumulated other comprehensive income | 5.00M+266.7% | -3.00M+25.0% | -4.00M+50.0% | -8.00M+52.9% | -17.0M-13.3% | |
| Total liabilities & equity | 43.0B+14.6% | 37.5B+2.7% | 36.5B+2.4% | 35.7B+0.4% | 35.5B-2.5% | |
| Shares outstanding (cover) | 1.02B-0.7% | 1.02B+1.2% | 1.01B+1.0% | 1.00B-1.3% | 1.01B-2.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.91B-0.6% | 5.95B+10.2% | 5.40B+7.5% | 5.02B+2.2% | 4.91B+8.6% | ||
| Deferred income taxes | 7.00M+250.0% | 2.00M-33.3% | 3.00M+0.0% | 3.00M+250.0% | -2.00M-100.0% | |
| Change in receivables | -48.0M+73.3% | -180M-1185.7% | -14.0M+0.0% | -14.0M-107.0% | 199M+421.0% | |
| Change in inventory | 26.0M+30.0% | 20.0M+5.3% | 19.0M+280.0% | 5.00M-79.2% | 24.0M+100.0% | |
| Other operating activities | -1.00M-120.0% | 5.00M+112.8% | -39.0M-244.4% | 27.0M+3.8% | 26.0M+766.7% | |
| -4.86B-143.4% | -2.00B-59.3% | -1.25B-31.0% | -956M-84.6% | -518M+59.0% | ||
| Capital expenditure | 1.81B+71.2% | 1.06B+12.7% | 937M+16.3% | 806M+52.4% | 529M-55.3% | |
| Free cash flow | 4.10B-16.1% | 4.89B+9.6% | 4.46B+5.9% | 4.21B-3.9% | 4.38B+31.3% | |
| Acquisitions | 3.32B+433.1% | 622M+152.8% | 246M+778.6% | 28.0M | 0.00 | |
| Other investing activities | -8.00M | 0.00 | 0.00 | 0.00 | 0.00+100.0% | |
| -435M+87.5% | -3.48B-4.3% | -3.33B+13.1% | -3.84B+12.7% | -4.39B-34.9% | ||
| Long-term debt issued | 6.54B+301.3% | 1.63B+2.6% | 1.59B-53.0% | 3.38B-19.1% | 4.17B-38.7% | |
| Long-term debt repaid | 2.46B+114.1% | 1.15B+15.0% | 1.00B-54.5% | 2.20B-62.2% | 5.82B-9.2% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 400M+22.7% | 326M | 0.00-100.0% | 491M-22.1% | 630M+1809.1% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -5.00M+16.7% | -6.00M-200.0% | -2.00M+50.0% | -4.00M-100.0% | -2.00M+80.0% | |
| Interest paid | 913M-2.9% | 940M+5.3% | 893M+9.8% | 813M+0.1% | 812M-1.1% | |
| Income taxes paid | 7.00M+16.7% | 6.00M-14.3% | 7.00M+133.3% | 3.00M-25.0% | 4.00M+100.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 54.2B+10.7% | 48.9B+33.1% | 36.8B+11.6% | 32.9B+9.7% | 30.0B+33.7% | |
| P/E | 10.9×-2.6% | 11.2×+10.3% | 10.2×+22.3% | 8.3×-14.7% | 9.8× | |
| P/S | 4.2×+1.6% | 4.1×+22.4% | 3.3×+18.8% | 2.8×-5.8% | 3.0×-8.0% | |
| P/B | 5.9×+10.7% | 5.3×+33.1% | 4.0×+11.6% | 3.6×+9.7% | 3.2×+33.7% | |
| P/FCF | 13.2×+32.0% | 10.0×+18.2% | 8.5×+7.9% | 7.8×+14.5% | 6.9×+1.8% | |
| Earnings yield | 9.1%+2.7% | 8.9%-9.3% | 9.8%-18.3% | 12.0%+17.2% | 10.2% | |
| FCF yield | 7.6%-24.3% | 10.0%-15.4% | 11.8%-7.4% | 12.8%-12.6% | 14.6%-1.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MPLX’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MPLX filings on SEC EDGAR → Not investment advice.