
MPLX LP
NYSE:MPLX
50.88 (USD) • At close September 3, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 | 2016 Q4 | 2016 Q3 | 2016 Q2 | 2016 Q1 | 2015 Q4 | 2015 Q3 | 2015 Q2 | 2015 Q1 | 2014 Q4 | 2014 Q3 | 2014 Q2 | 2014 Q1 | 2013 Q4 | 2013 Q3 | 2013 Q2 | 2013 Q1 | 2012 Q4 | 2012 Q3 | 2012 Q2 | 2012 Q1 | 2011 Q4 | 2011 Q3 | 2011 Q2 | 2011 Q1 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue
| 2,788 | 2,887 | 2,840 | 2,776 | 2,684 | 2,604 | 2,675 | 2,714 | 2,496 | 2,549 | 2,501 | 2,743 | 2,796 | 2,501 | 2,594 | 2,442 | 2,299 | 2,240 | 2,109 | 2,137 | 1,965 | 2,111 | 2,245 | 2,152 | 2,096 | 2,132 | 1,625 | 1,619 | 1,503 | 1,332 | 1,013 | 933 | 889 | 856 | 692 | 807 | 756 | 617 | 257.1 | 195 | 193 | 183 | 131.9 | 130.7 | 126.8 | 130.7 | 118.9 | 118.2 | 116.1 | 109.9 | 108.6 | 116.2 | 105.6 | 97.5 | 104.1 | 109.3 | 102.8 | 94.4 |
Cost of Revenue
| 1,571 | 1,613 | 1,584 | 1,558 | 1,493 | 1,452 | 1,463 | 1,612 | 1,398 | 1,398 | 1,497 | 1,609 | 1,708 | 1,438 | 1,565 | 1,407 | 1,301 | 1,247 | 1,208 | 1,183 | 1,077 | 1,185 | 1,341 | 1,223 | 1,210 | 1,192 | 958 | 944 | 881 | 776 | 669 | 596 | 566 | 550 | 460 | 512 | 493 | 401 | 168.4 | 121 | 106 | 101 | 81.2 | 76.8 | 71.8 | 63.2 | 74.5 | 69.6 | 71.3 | 64 | 121.6 | 70.6 | 60.9 | 53.6 | 48.6 | 39.7 | 43.8 | 31.2 |
Gross Profit
| 1,217 | 1,274 | 1,256 | 1,218 | 1,191 | 1,152 | 1,212 | 1,102 | 1,098 | 1,151 | 1,004 | 1,134 | 1,088 | 1,063 | 1,029 | 1,035 | 998 | 993 | 901 | 954 | 888 | 926 | 904 | 929 | 886 | 940 | 667 | 675 | 622 | 556 | 344 | 337 | 323 | 306 | 232 | 295 | 263 | 216 | 88.7 | 74 | 87 | 82 | 50.7 | 53.9 | 55 | 67.5 | 44.4 | 48.6 | 44.8 | 45.9 | -13 | 45.6 | 44.7 | 43.9 | 55.5 | 69.6 | 59 | 63.2 |
Gross Profit Ratio
| 0.437 | 0.441 | 0.442 | 0.439 | 0.444 | 0.442 | 0.453 | 0.406 | 0.44 | 0.452 | 0.401 | 0.413 | 0.389 | 0.425 | 0.397 | 0.424 | 0.434 | 0.443 | 0.427 | 0.446 | 0.452 | 0.439 | 0.403 | 0.432 | 0.423 | 0.441 | 0.41 | 0.417 | 0.414 | 0.417 | 0.34 | 0.361 | 0.363 | 0.357 | 0.335 | 0.366 | 0.348 | 0.35 | 0.345 | 0.379 | 0.451 | 0.448 | 0.384 | 0.412 | 0.434 | 0.516 | 0.373 | 0.411 | 0.386 | 0.418 | -0.12 | 0.392 | 0.423 | 0.45 | 0.533 | 0.637 | 0.574 | 0.669 |
Reseach & Development Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
General & Administrative Expenses
| 107 | 112 | 104 | 107 | 107 | 109 | 99 | 102 | 89 | 89 | 87 | 88 | 82 | 78 | 86 | 94 | 87 | 86 | 89 | 96 | 96 | 97 | 95 | 102 | 69 | 82 | 74 | 76 | 72 | 69 | 67 | 59 | 57 | 58 | 46 | 46 | 49 | 52 | 46 | 21.1 | 17.9 | 18.7 | 17.7 | 15.3 | 15.9 | 15.9 | 13.3 | 13 | 13.9 | 13.5 | 11.7 | 11.2 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling & Marketing Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SG&A
| 107 | 112 | 104 | 107 | 107 | 109 | 99 | 102 | 89 | 89 | 87 | 88 | 82 | 78 | 86 | 94 | 87 | 86 | 89 | 96 | 96 | 97 | 95 | 102 | 69 | 82 | 74 | 76 | 72 | 69 | 67 | 59 | 57 | 58 | 46 | 46 | 49 | 52 | 46 | 21.1 | 17.9 | 18.7 | 17.7 | 15.3 | 15.9 | 15.9 | 13.3 | 13 | 13.9 | 13.5 | 11.7 | 11.2 | 17 | 16.6 | 40.4 | 10.7 | 8.2 | 14.4 |
Other Expenses
| -183 | -204 | -191 | -164 | -335 | -208 | -262 | -154 | -166 | -134 | -143 | -628 | -111 | -75 | -113 | -90 | -20 | -67 | -108 | -41 | -86 | 3,315 | 1,155 | -99 | -89 | -73 | -73 | -73 | -58 | -70 | -58 | -33 | -14 | -17 | -11 | -19 | 72 | 113 | -7.7 | -19 | -16 | -14 | -5.5 | -5.6 | -5.2 | -4.7 | -5.4 | -4.2 | -4.3 | -3.1 | -67.2 | -1.9 | -1.8 | -0.9 | -9.5 | 19.8 | 19.1 | 12.2 |
Operating Expenses
| -76 | -92 | -87 | -57 | -228 | -99 | -163 | -52 | -77 | -45 | -56 | -540 | -29 | 3 | -27 | 4 | 67 | 19 | -19 | 55 | 10 | 3,412 | 1,250 | 3 | 1 | 28 | 1 | 3 | 14 | -1 | 9 | 26 | 43 | 41 | 35 | 37 | 135 | 166 | 38.6 | 6 | 5 | 8 | 12.2 | 9.7 | 10.7 | 11.2 | 7.9 | 8.8 | 9.6 | 10.4 | -55.5 | 9.3 | 15.2 | 9 | 30.9 | 30.5 | 27.3 | 26.6 |
Operating Income
| 1,293 | 1,366 | 1,343 | 1,275 | 1,419 | 1,251 | 1,375 | 1,154 | 1,175 | 1,196 | 1,060 | 1,674 | 1,117 | 1,060 | 1,056 | 1,031 | 931 | 974 | 920 | 899 | 878 | -2,486 | -346 | 926 | 885 | 912 | 666 | 672 | 608 | 557 | 335 | 311 | 280 | 265 | 197 | 258 | 128 | 50 | 50.1 | 68 | 82 | 74 | 38.5 | 44.2 | 44.3 | 56.3 | 36.5 | 39.8 | 35.2 | 35.5 | 42.5 | 36.3 | 29.5 | 34.9 | 24.6 | 39.1 | 31.7 | 36.6 |
Operating Income Ratio
| 0.464 | 0.473 | 0.473 | 0.459 | 0.529 | 0.48 | 0.514 | 0.425 | 0.471 | 0.469 | 0.424 | 0.61 | 0.399 | 0.424 | 0.407 | 0.422 | 0.405 | 0.435 | 0.436 | 0.421 | 0.447 | -1.178 | -0.154 | 0.43 | 0.422 | 0.428 | 0.41 | 0.415 | 0.405 | 0.418 | 0.331 | 0.333 | 0.315 | 0.31 | 0.285 | 0.32 | 0.169 | 0.081 | 0.195 | 0.349 | 0.425 | 0.404 | 0.292 | 0.338 | 0.349 | 0.431 | 0.307 | 0.337 | 0.303 | 0.323 | 0.391 | 0.312 | 0.279 | 0.358 | 0.236 | 0.358 | 0.308 | 0.388 |
Total Other Income Expenses Net
| -234 | -229 | -229 | -226 | -231 | -235 | -222 | -225 | -233 | -243 | -234 | -236 | -233 | -222 | -218 | -220 | -216 | -225 | -219 | -224 | -223 | -230 | -229 | -233 | -396 | -405 | -135 | -153 | -151 | -130 | -96 | -93 | -87 | -78 | -65 | -64 | -64 | -68 | -30.3 | -5 | -6 | -6 | -2 | -1.1 | -1.3 | -0.6 | -0.4 | -0.2 | -0.3 | -0.2 | -0.2 | 0.5 | 0.4 | 0.4 | 0.2 | 0.2 | 1.1 | 0.6 |
Income Before Tax
| 1,059 | 1,137 | 1,114 | 1,049 | 1,188 | 1,016 | 1,153 | 929 | 942 | 953 | 826 | 1,438 | 884 | 838 | 838 | 811 | 715 | 749 | 701 | 675 | 655 | -2,716 | -575 | 693 | 489 | 507 | 439 | 519 | 457 | 427 | 239 | 218 | 193 | 187 | 132 | 143 | 12 | -41 | 20 | 41.9 | 51.4 | 45.9 | 36.2 | 43.1 | 43 | 55.7 | 36.1 | 39.6 | 34.9 | 35.3 | 42.3 | 36.8 | 29.9 | 35.3 | 24.8 | 39.3 | 32.8 | 37.2 |
Income Before Tax Ratio
| 0.38 | 0.394 | 0.392 | 0.378 | 0.443 | 0.39 | 0.431 | 0.342 | 0.377 | 0.374 | 0.33 | 0.524 | 0.316 | 0.335 | 0.323 | 0.332 | 0.311 | 0.334 | 0.332 | 0.316 | 0.333 | -1.287 | -0.256 | 0.322 | 0.233 | 0.238 | 0.27 | 0.321 | 0.304 | 0.321 | 0.236 | 0.234 | 0.217 | 0.218 | 0.191 | 0.177 | 0.016 | -0.066 | 0.078 | 0.215 | 0.266 | 0.251 | 0.274 | 0.33 | 0.339 | 0.426 | 0.304 | 0.335 | 0.301 | 0.321 | 0.39 | 0.317 | 0.283 | 0.362 | 0.238 | 0.36 | 0.319 | 0.394 |
Income Tax Expense
| 1 | 1 | 5 | 2 | 2 | 1 | 9 | 1 | 0 | 1 | 2 | 1 | 0 | 5 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | -2 | 4 | -1 | -1 | 0 | 3 | 1 | 4 | -2 | 1 | 2 | 0 | 0 | 0 | -8 | -4 | 1.9 | 0.1 | 0 | 0 | -0.2 | 0 | 0.1 | 0 | -0.7 | 0.4 | 0.1 | 0 | 0.2 | -0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 |
Net Income
| 1,048 | 1,126 | 1,099 | 1,037 | 1,176 | 1,005 | 1,134 | 918 | 933 | 943 | 816 | 1,428 | 875 | 825 | 830 | 802 | 706 | 739 | 691 | 665 | 648 | -2,724 | -581 | 629 | 482 | 503 | 434 | 510 | 453 | 421 | 238 | 216 | 190 | 150 | 133 | 141 | 19 | -60 | 17.7 | 41 | 51 | 46 | 29.2 | 29.1 | 28.8 | 34.2 | 20.2 | 21.5 | 18.6 | 17.6 | -88.8 | 36.9 | 29.8 | 35.2 | 24.7 | 39.3 | 32.8 | 37.2 |
Net Income Ratio
| 0.376 | 0.39 | 0.387 | 0.374 | 0.438 | 0.386 | 0.424 | 0.338 | 0.374 | 0.37 | 0.326 | 0.521 | 0.313 | 0.33 | 0.32 | 0.328 | 0.307 | 0.33 | 0.328 | 0.311 | 0.33 | -1.29 | -0.259 | 0.292 | 0.23 | 0.236 | 0.267 | 0.315 | 0.301 | 0.316 | 0.235 | 0.232 | 0.214 | 0.175 | 0.192 | 0.175 | 0.025 | -0.097 | 0.069 | 0.21 | 0.264 | 0.251 | 0.221 | 0.223 | 0.227 | 0.262 | 0.17 | 0.182 | 0.16 | 0.16 | -0.818 | 0.318 | 0.282 | 0.361 | 0.237 | 0.36 | 0.319 | 0.394 |
EPS
| -1.1 | 1.1 | 1.07 | 1.01 | 1.15 | 0.98 | 1.11 | 0.89 | 0.91 | 0.91 | 0.78 | 1.4 | 0.83 | 0.81 | 0.78 | 0.74 | 0.66 | 0.68 | 0.63 | 0.61 | 0.58 | -2.57 | -0.55 | 0.61 | 0.56 | 0.61 | 0.52 | 0.62 | 0.55 | 0.61 | 0.31 | 0.29 | 0.26 | 0.2 | 0.17 | 0.22 | -0.11 | -0.2 | -0.14 | 0.41 | 0.55 | 0.52 | 0.36 | 0.37 | 0.37 | 0.45 | 0.27 | 0.29 | 0.25 | 0.23 | -1.2 | 1 | 0.81 | 0.95 | 0.67 | 1.06 | 0.89 | 1.01 |
EPS Diluted
| -1.1 | 1.1 | 1.07 | 1.01 | 1.14 | 0.98 | 1.11 | 0.89 | 0.91 | 0.91 | 0.78 | 1.39 | 0.83 | 0.81 | 0.78 | 0.74 | 0.66 | 0.68 | 0.63 | 0.61 | 0.58 | -2.57 | -0.55 | 0.61 | 0.55 | 0.61 | 0.52 | 0.62 | 0.55 | 0.61 | 0.31 | 0.29 | 0.26 | 0.19 | 0.17 | 0.21 | -0.11 | -0.2 | -0.14 | 0.41 | 0.55 | 0.52 | 0.36 | 0.37 | 0.37 | 0.45 | 0.27 | 0.29 | 0.25 | 0.23 | -1.2 | 1 | 0.81 | 0.95 | 0.67 | 1.06 | 0.89 | 1.01 |
EBITDA
| 1,622 | 1,698 | 1,679 | 1,617 | 1,741 | 1,557 | 1,683 | 1,453 | 1,478 | 1,492 | 1,347 | 1,957 | 1,407 | 1,353 | 1,353 | 1,334 | 1,230 | 1,276 | 1,292 | 1,228 | 1,183 | -2,177 | -23 | 1,212 | 1,185 | 1,204 | 794 | 856 | 781 | 716 | 487 | 460 | 431 | 440 | 323 | 396 | 267 | 174 | 90.3 | 86 | 102 | 92 | 50.6 | 56.6 | 56.4 | 68.7 | 48.7 | 52.3 | 46.9 | 47.1 | 54.1 | 46.2 | 39.1 | 44.5 | 33.7 | 49 | 41.7 | 46.2 |
EBITDA Ratio
| 0.582 | 0.588 | 0.591 | 0.582 | 0.649 | 0.598 | 0.629 | 0.535 | 0.592 | 0.585 | 0.539 | 0.713 | 0.503 | 0.541 | 0.522 | 0.546 | 0.535 | 0.57 | 0.613 | 0.575 | 0.602 | -1.031 | -0.01 | 0.563 | 0.565 | 0.565 | 0.489 | 0.529 | 0.52 | 0.538 | 0.481 | 0.493 | 0.485 | 0.514 | 0.467 | 0.491 | 0.353 | 0.282 | 0.351 | 0.441 | 0.528 | 0.503 | 0.384 | 0.433 | 0.445 | 0.526 | 0.41 | 0.442 | 0.404 | 0.429 | 0.498 | 0.398 | 0.37 | 0.456 | 0.324 | 0.448 | 0.406 | 0.489 |