MPLX LP
MPLX- Exchange
- NYSE
- Industry
- Pipe Lines (No Natural Gas)
- SEC CIK
- 0001552000
No open-market purchases or sales by MPLX LP insiders were filed in the last 90 days; 641 institutions reported holding it in 13F filings for Q2 2026, worth $11.1B in total; Appaloosa is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 5, 2026, 12:17 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net income for FY2025: $4.95B (38.1% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 3, 2026 | Feb 4, 2025 | Jan 30, 2024 | Jan 31, 2023 | Feb 2, 2022 |
| Revenue | $13.0B | $11.9B | $11.3B | $11.6B | $10.0B |
| Selling, general and administrative | $446.0M | $427.0M | $379.0M | $335.0M | $353.0M |
| Operating income | $5.94B | $5.29B | $4.90B | $4.91B | – |
| Interest expense | $1.07B | $963.0M | – | – | – |
| Income tax | – | $10.0M | $11.0M | $8.00M | $1.00M |
| Net income | $4.95B | $4.36B | $3.93B | $3.94B | $3.08B |
| Margins and growth | |||||
| Operating margin | 45.7% | 44.3% | 43.4% | 42.3% | – |
| Net margin | 38.1% | 36.5% | 34.8% | 34.0% | 30.7% |
| Revenue growth, year over year | +8.9% | +5.8% | −2.9% | +15.8% | +32.5% |
| Net income growth, year over year | +13.7% | +10.9% | −0.4% | +28.2% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 3, 2026 | Feb 4, 2025 | Jan 30, 2024 | Jan 31, 2023 | Feb 2, 2022 |
| Cash and equivalents | $2.14B | $1.52B | $1.05B | $238.0M | $13.0M |
| Accounts receivable | $735.0M | $718.0M | $823.0M | $737.0M | $654.0M |
| Total current assets | $3.99B | $3.28B | $2.81B | $1.91B | $1.51B |
| Property, plant and equipment | $21.7B | $19.2B | $19.3B | $18.8B | $20.0B |
| Goodwill | $8.76B | $7.64B | $7.64B | $7.64B | $7.66B |
| Intangible assets | $1.40B | $518.0M | $654.0M | $705.0M | $831.0M |
| Total assets | $43.0B | $37.5B | $36.5B | $35.7B | $35.5B |
| Accounts payable | $108.0M | $147.0M | $153.0M | $224.0M | $172.0M |
| Short-term debt | $1.50B | $1.69B | $1.14B | $988.0M | $499.0M |
| Total current liabilities | $3.25B | $3.23B | $2.62B | $2.40B | $3.35B |
| Total liabilities | $28.5B | $23.5B | $22.9B | $22.2B | $22.5B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 3, 2026 | Feb 4, 2025 | Jan 30, 2024 | Jan 31, 2023 | Feb 2, 2022 |
| Operating cash flow | $5.91B | $5.95B | $5.40B | $5.02B | $4.91B |
| Capital expenditures | $1.81B | $1.06B | $937.0M | $806.0M | $529.0M |
| Free cash flow | $4.10B | $4.89B | $4.46B | $4.21B | $4.38B |
| Share buybacks | $400.0M | $326.0M | $0 | $491.0M | $630.0M |
| Investing cash flow | -$4.86B | -$2.00B | -$1.25B | -$956.0M | -$518.0M |
| Financing cash flow | -$435.0M | -$3.48B | -$3.33B | -$3.84B | -$4.39B |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.