MPLX Lp(MPLX)Earnings, Financials & Key Ratios

MPLX•NYSE

$55.66

$56.51B mkt cap·11.5× P/E·Price updated May 6, 2026

SectorEnergy IndustryMidstream Oil & Gas Sub-IndustryGas Gathering, Processing and NGLs

AboutMPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. It also engages in the inland marine businesses comprising transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as owns and operates boats and barges, including third-party chartered equipment, and a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, the company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products located through the pipeline, rail, marine, and over-the-road modes of transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.Show more

Revenue$11.82B+8.4%
EBITDA$6.11B-7.0%
Net Income$4.91B+13.8%
EPS (Diluted)4.82+14.5%
Gross Margin45.23%+2.4%
EBITDA Margin51.73%-14.2%
Operating Margin40.3%-16.9%
Net Margin41.57%+5.0%
ROE34.42%+10.0%
ROIC9.86%-16.3%
Debt/Equity1.80+17.7%
Interest Coverage6.05+4.8%

Analysis→Technical→

MPLX Key Insights

MPLX Lp (MPLX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 31.6%
✓FCF machine: 34.7% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 37.7%

✗Weaknesses

✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

MPLX Price & Volume

MPLX Lp (MPLX) stock price & volume — 10-year historical chart

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MPLX Growth Metrics

MPLX Lp (MPLX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years27.58%

5 Years7.07%

3 Years3.88%

TTM12.11%

Profit CAGR

10 Years41.19%

5 Years-

3 Years7.59%

TTM6.08%

EPS CAGR

10 Years16.92%

5 Years-

3 Years8.73%

TTM-13.89%

Return on Capital

10 Years10.36%

5 Years14%

3 Years14.32%

Last Year12.86%

MPLX Recent Earnings

MPLX Lp (MPLX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 6/12 qtrs (50%)●Beat Revenue 3/12 qtrs (25%)

Q2 2026Latest

May 5, 2026

EPS

$0.90

Est $1.05

-14.3%

Revenue

$2.8B

Est $3.1B

-9.3%

Q1 2026

Feb 3, 2026

EPS

$1.17

Est $1.06

+10.4%

Revenue

$3.3B

Est $3.2B

+2.4%

Q4 2025

Nov 4, 2025

EPS

$1.52

Est $1.07

+42.1%

Revenue

$3.6B

Est $3.2B

+14.6%

Q3 2025

Aug 5, 2025

EPS

$1.03

Est $1.06

-2.8%

Revenue

$2.8B

Est $3.1B

-11.2%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 5, 2026	$0.90vs $1.05-14.3%	$2.8Bvs $3.1B-9.3%
Q1 2026	Feb 3, 2026	$1.17vs $1.06+10.4%	$3.3Bvs $3.2B+2.4%
Q4 2025	Nov 4, 2025	$1.52vs $1.07+42.1%	$3.6Bvs $3.2B+14.6%
Q3 2025	Aug 5, 2025	$1.03vs $1.06-2.8%	$2.8Bvs $3.1B-11.2%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
EPDEnterprise Products Partners L.P.Direct Competitor	83.23B	38.50	14.47	-6.44%	11.03%	19.29%	3.56%	1.14
ETEnergy Transfer LPDirect Competitor	70.15B	20.39	15.10	-0.05%	5.93%	10.38%	5.48%	1.45
PAAPlains All American Pipeline, L.P.Direct Competitor	15.93B	22.58	30.93	2.79%	3.24%	6.27%	11.74%	0.61
WESWestern Midstream Partners, LPDirect Competitor	17.45B	42.77	14.07	6.61%	30.73%	27.43%	8.39%	0.10
TRGPTarga Resources Corp.Direct Competitor	55.8B	259.72	30.48	3.06%	9.44%	58.24%	7.02%	5.45
AMAntero Midstream CorporationDirect Competitor	10.35B	21.78	25.33	6.99%	31.94%	20.38%	7.45%	1.63
KMIKinder Morgan, Inc.Product Competitor	71.84B	32.29	23.57	12.45%	18.92%	10.27%	4.48%	1.00
WMBThe Williams Companies, Inc.Product Competitor	93.08B	76.12	35.57	13.78%	23.82%	18.98%	1.08%	1.96

Compare MPLX vs Peers

MPLX Lp (MPLX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EPD

Most directly comparable listed peer for MPLX.

Scale Benchmark

vs ENB

Larger-name benchmark to compare MPLX against a more recognizable public peer.

Peer Set

Compare Top 5

vs EPD, ET, PAA, WES

MPLX Income Statement

MPLX Lp (MPLX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	3.69B	6.65B	8.63B	8.4B	9.57B	10.54B	10.43B	10.9B	11.82B	12.54B
Revenue Growth %	22.62%	80.22%	29.77%	-2.71%	14.02%	10.09%	-1.02%	4.5%	8.37%	12.11%
Cost of Goods Sold	2.38B	3.88B	4.97B	4.65B	5.52B	6.25B	5.87B	6.09B	6.47B	5.02B
COGS % of Revenue	64.51%	58.3%	57.53%	55.41%	57.65%	59.31%	56.27%	55.82%	54.77%	-
Gross Profit	1.31B▲ 0%	2.77B▲ 111.8%	3.67B▲ 32.2%	3.75B▲ 2.2%	4.05B▲ 8.3%	4.29B▲ 5.8%	4.56B▲ 6.4%	4.82B▲ 5.6%	5.34B▲ 11.0%	7.52B▲ 0%
Gross Margin %	35.49%	41.7%	42.47%	44.59%	42.35%	40.69%	43.73%	44.18%	45.23%	59.95%
Gross Profit Growth %	22.32%	111.76%	32.16%	2.15%	8.28%	5.77%	6.39%	5.57%	10.96%	-
Operating Expenses	119M	46M	1.29B	3.53B	63M	-622M	-337M	-471M	583M	1.88B
OpEx % of Revenue	3.22%	0.69%	14.93%	42.08%	0.66%	-5.9%	-3.23%	-4.32%	4.93%	-
Selling, General & Admin	241M	291M	388M	378M	353M	335M	379M	427M	446M	448M
SG&A % of Revenue	6.53%	4.37%	4.49%	4.5%	3.69%	3.18%	3.63%	3.92%	3.77%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-122M	-270M	901M	3.16B	-290M	-957M	-716M	-898M	137M	2M
Operating Income	1.19B▲ 0%	2.73B▲ 129.1%	2.38B▼ 12.9%	211M▼ 91.1%	3.99B▲ 1791.9%	4.91B▲ 23.0%	4.9B▼ 0.2%	5.29B▲ 7.9%	4.76B▼ 9.9%	5.64B▲ 0%
Operating Margin %	32.27%	41.01%	27.54%	2.51%	41.69%	46.59%	46.96%	48.5%	40.3%	44.94%
Operating Income Growth %	74.38%	129.05%	-12.87%	-91.12%	1791.94%	23.02%	-0.22%	7.92%	-9.95%	-
EBITDA	1.87B	3.6B	3.63B	1.59B	5.28B	6.14B	6.11B	6.57B	6.11B	7.02B
EBITDA Margin %	50.77%	54.04%	42.06%	18.91%	55.13%	58.26%	58.59%	60.26%	51.73%	55.96%
EBITDA Growth %	47.1%	91.84%	1%	-56.27%	232.43%	16.33%	-0.46%	7.49%	-6.97%	4.84%
D&A (Non-Cash Add-back)	683M	867M	1.25B	1.38B	1.29B	1.23B	1.21B	1.28B	1.35B	1.38B
EBIT	1.14B	2.61B	2.32B	149M	3.91B	4.83B	4.87B	5.31B	5.94B	4.6B
Net Interest Income	-354M	-714M	-915M	-896M	-879M	-925M	-923M	-921M	-983M	-754M
Interest Income	0	0	0	0	0	0	0	0	0	32M
Interest Expense	354M	661M	915M	896M	879M	925M	923M	921M	983M	786M
Other Income/Expense	-354M	-714M	-915M	-896M	-879M	-925M	-923M	-921M	198M	-890M
Pretax Income	837M▲ 0%	1.84B▲ 120.1%	1.46B▼ 20.6%	-685M▼ 146.9%	3.11B▲ 554.5%	3.99B▲ 28.0%	3.98B▼ 0.2%	4.37B▲ 9.8%	4.96B▲ 13.6%	4.75B▲ 0%
Pretax Margin %	22.68%	27.69%	16.94%	-8.16%	32.51%	37.81%	38.12%	40.05%	41.97%	37.84%
Income Tax	1M	8M	0	2M	1M	8M	11M	10M	8M	8M
Effective Tax Rate %	0.12%	0.43%	0%	-0.29%	0.03%	0.2%	0.28%	0.23%	0.16%	0.17%
Net Income	794M▲ 0%	1.82B▲ 129.0%	1.03B▼ 43.2%	-720M▼ 169.7%	3.08B▲ 527.4%	3.94B▲ 28.2%	3.93B▼ 0.4%	4.32B▲ 9.9%	4.91B▲ 13.8%	4.71B▲ 0%
Net Margin %	21.51%	27.33%	11.97%	-8.57%	32.14%	37.42%	37.65%	39.59%	41.57%	37.54%
Net Income Growth %	240.77%	128.97%	-43.18%	-169.7%	527.36%	28.18%	-0.41%	9.9%	13.78%	6.08%
Net Income (Continuing)	836M	2.01B	1.46B	-687M	3.11B	3.98B	3.97B	4.36B	4.95B	3.82B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	146M	156M	249M	245M	241M	34M	235M	231M	227M	226M
EPS (Diluted)	1.06▲ 0%	2.39▲ 125.5%	1.03▼ 56.9%	-0.80▼ 177.7%	2.86▲ 457.5%	3.75▲ 31.1%	3.82▲ 1.9%	4.21▲ 10.2%	4.82▲ 14.5%	-▲ 0%
EPS Growth %	-	125.47%	-56.9%	-177.67%	457.5%	31.12%	1.87%	10.21%	14.49%	-13.89%
EPS (Basic)	1.07	2.39	1.03	-0.80	2.86	3.75	3.83	4.21	4.82	-
Diluted Shares Outstanding	388M	761M	907M	1.05B	1.03B	1.01B	1B	1.02B	1.02B	0
Basic Shares Outstanding	385M	761M	906M	1.05B	1.03B	1.01B	1B	1.02B	1.02B	0
Dividend Payout Ratio	401.01%	339.33%	284.32%	-	111.54%	74.06%	80.98%	82.44%	81.8%	-

MPLX Balance Sheet

MPLX Lp (MPLX) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	559M	897M	1.48B	1.51B	1.51B	1.91B	2.81B	3.28B	3.99B	3.52B
Cash & Short-Term Investments	9M	76M	15M	15M	13M	238M	1.05B	1.52B	2.14B	1.51B
Cash Only	9M	76M	15M	15M	13M	238M	1.05B	1.52B	2.14B	1.51B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	452M	706M	1.28B	1.16B	1.32B	1.48B	1.56B	1.54B	1.64B	0
Days Sales Outstanding	44.7	38.74	54.08	50.59	50.17	51.21	54.64	51.68	50.75	34.68
Inventory	65M	77M	110M	118M	142M	148M	159M	180M	172M	0
Days Inventory Outstanding	9.96	7.25	8.09	9.26	9.39	8.64	9.88	10.79	9.7	9.79
Other Current Assets	33M	37M	71M	214M	32M	35M	34M	28M	37M	2.02B
Total Non-Current Assets	18.94B	21.88B	38.95B	34.9B	34B	33.76B	33.72B	34.23B	39.01B	39.41B
Property, Plant & Equipment	12.19B	14.64B	22.74B	21.76B	20.54B	19.36B	19.75B	19.65B	22.21B	0
Fixed Asset Turnover	0.30x	0.45x	0.38x	0.39x	0.47x	0.54x	0.53x	0.55x	0.53x	0.79x
Goodwill	2.25B	2.59B	9.54B	7.66B	7.66B	7.64B	7.64B	7.64B	8.76B	8.74B
Intangible Assets	453M	424M	1.27B	959M	831M	705M	654M	518M	1.4B	1.36B
Long-Term Investments	4.03B	4.2B	5.35B	4.48B	4.91B	5B	4.55B	5.24B	5.26B	15.65B
Other Non-Current Assets	26M	35M	52M	48M	60M	1.05B	1.12B	1.18B	1.39B	33.98B
Total Assets	19.5B▲ 0%	22.78B▲ 16.8%	40.43B▲ 77.5%	36.41B▼ 9.9%	35.51B▼ 2.5%	35.66B▲ 0.4%	36.53B▲ 2.4%	37.51B▲ 2.7%	43.01B▲ 14.6%	42.93B▲ 0%
Asset Turnover	0.19x	0.29x	0.21x	0.23x	0.27x	0.30x	0.29x	0.29x	0.27x	0.30x
Asset Growth %	17.15%	16.82%	77.49%	-9.93%	-2.49%	0.45%	2.42%	2.69%	14.65%	35.58%
Total Current Liabilities	1.3B	1.19B	2.13B	2.09B	3.35B	2.4B	2.62B	3.23B	3.25B	3.19B
Accounts Payable	281M	365M	1.15B	367M	172M	224M	153M	147M	108M	0
Days Payables Outstanding	43.08	34.35	84.75	28.79	11.37	13.08	9.51	8.81	6.09	7.05
Short-Term Debt	386M	0	76M	830M	561M	1.04B	1.18B	1.74B	1.56B	1.3B
Deferred Revenue (Current)	48M	51M	59M	97M	77M	80M	81M	106M	107M	338M
Other Current Liabilities	551M	770M	844M	792M	2.54B	1.06B	1.21B	1.24B	1.48B	1.89B
Current Ratio	0.43x	0.76x	0.70x	0.73x	0.45x	0.79x	1.07x	1.01x	1.23x	1.23x
Quick Ratio	0.38x	0.69x	0.64x	0.67x	0.41x	0.73x	1.01x	0.96x	1.18x	1.18x
Cash Conversion Cycle	11.59	11.63	-22.58	31.06	48.18	46.78	55.01	53.66	54.36	37.42
Total Non-Current Liabilities	7.22B	13.72B	20.72B	20.34B	19.14B	19.75B	20.32B	20.27B	25.23B	25.44B
Long-Term Debt	6.95B	13.39B	19.69B	19.37B	18.07B	18.8B	19.29B	19.25B	24.15B	24.59B
Capital Lease Obligations	0	0	542M	482M	440M	465M	442M	446M	454M	1.34B
Deferred Tax Liabilities	5M	13M	12M	12M	10M	13M	16M	18M	25M	88M
Other Non-Current Liabilities	188M	197M	192M	115M	170M	142M	126M	125M	352M	1.66B
Total Liabilities	8.53B	14.91B	22.85B	22.43B	22.49B	22.15B	22.95B	23.5B	28.48B	28.64B
Total Debt	7.33B	13.39B	20.31B	20.68B	19.07B	20.3B	20.91B	21.44B	26.16B	25.89B
Net Debt	7.32B	13.32B	20.3B	20.66B	19.05B	20.06B	19.87B	19.92B	24.02B	24.39B
Debt / Equity	0.67x	1.70x	1.16x	1.48x	1.46x	1.50x	1.54x	1.53x	1.80x	1.80x
Debt / EBITDA	3.91x	3.73x	5.59x	13.02x	3.61x	3.31x	3.42x	3.26x	4.28x	3.69x
Net Debt / EBITDA	3.91x	3.70x	5.59x	13.01x	3.61x	3.27x	3.25x	3.03x	3.93x	3.93x
Interest Coverage	3.21x	3.95x	2.54x	0.17x	4.44x	5.23x	5.28x	5.77x	6.05x	5.85x
Total Equity	10.97B▲ 0%	7.87B▼ 28.3%	17.58B▲ 123.4%	13.98B▼ 20.5%	13.02B▼ 6.9%	13.51B▲ 3.8%	13.58B▲ 0.5%	14.01B▲ 3.1%	14.53B▲ 3.7%	14.3B▲ 0%
Equity Growth %	-3.06%	-28.3%	123.45%	-20.45%	-6.92%	3.82%	0.52%	3.14%	3.7%	10.38%
Book Value per Share	28.28	10.34	19.38	13.31	12.67	13.38	13.56	13.78	14.26	14.26
Total Shareholders' Equity	10.83B	7.71B	17.33B	13.74B	12.78B	13.48B	13.35B	13.78B	14.3B	14.3B
Common Stock	9.84B	6.72B	15.77B	12.18B	11.22B	11.71B	12.46B	13.58B	14.3B	0
Retained Earnings	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-14M	-16M	-15M	-15M	-17M	-8M	-4M	-3M	5M	5M
Minority Interest	146M	156M	249M	245M	241M	34M	235M	231M	227M	226M

MPLX Cash Flow Statement

MPLX Lp (MPLX) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	1.91B	2.83B	4.08B	4.52B	4.91B	5.02B	5.4B	5.95B	5.91B	5.91B
Operating CF Margin %	51.67%	42.48%	47.29%	53.83%	51.29%	47.61%	51.73%	54.53%	50%	-
Operating CF Growth %	48.06%	48.19%	44.44%	10.75%	8.63%	2.2%	7.53%	10.17%	-0.62%	9.48%
Net Income	836M	1.83B	1.46B	-687M	3.11B	3.98B	3.93B	4.36B	4.95B	4.71B
Depreciation & Amortization	683M	766M	1.25B	1.38B	1.29B	1.23B	1.21B	1.28B	1.35B	1.02B
Stock-Based Compensation	20M	32M	22M	0	0	0	0	0	0	0
Deferred Taxes	-1M	8M	-2M	-1M	-2M	3M	3M	2M	7M	8M
Other Non-Cash Items	79M	97M	1.48B	3.63B	357M	-313M	123M	58M	-466M	-56M
Working Capital Changes	147M	-41M	-108M	204M	157M	121M	130M	246M	65M	295M
Change in Receivables	8M	-104M	17M	62M	-199M	14M	14M	180M	48M	148M
Change in Inventory	-3M	-5M	-9M	-12M	-24M	-5M	-19M	-20M	-26M	-20M
Change in Payables	48M	88M	-59M	36M	0	-33M	-40M	5M	-12M	0
Cash from Investing	-2.31B	-2.69B	-3.06B	-1.26B	-518M	-956M	-1.25B	-2B	-4.86B	-5.05B
Capital Expenditures	-1.41B	-1.92B	-2.41B	-1.18B	-529M	-806M	-937M	-1.06B	-1.81B	-1.54B
CapEx % of Revenue	38.23%	28.85%	27.9%	14.09%	5.52%	7.65%	8.98%	9.68%	15.3%	-
Acquisitions	-1.01B	-792M	-707M	-266M	-151M	-245M	-246M	-940M	-4.03B	-3.67B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	8M	25M	52M	187M	162M	95M	29M	1M	983M	48M
Cash from Financing	171M	-73M	-1.09B	-3.26B	-4.39B	-3.84B	-3.33B	-3.48B	-435M	-2.76B
Debt Issued (Net)	2.88B	6.14B	1.84B	-223M	-196M	-302M	588M	479M	4.08B	2.6B
Equity Issued (Net)	458M	0	0	-33M	-630M	-491M	-600M	-326M	-400M	0
Dividends Paid	-3.23B	-6B	-3.04B	-3.01B	-3.57B	-3.05B	-3.3B	-3.6B	-4.02B	-4.03B
Share Repurchases	-25M	0	0	-33M	-630M	-491M	-600M	-326M	-400M	0
Other Financing	-205M	-22M	106M	3M	4M	2M	-27M	-30M	-88M	-1.33B
Net Change in Cash	-229M▲ 0%	67M▲ 129.3%	-70M▼ 204.5%	0▲ 100.0%	-2M▲ 0%	225M▲ 11350.0%	810M▲ 260.0%	471M▼ 41.9%	618M▲ 31.2%	-1.79B▲ 0%
Free Cash Flow	496M▲ 0%	907M▲ 82.9%	1.67B▲ 84.6%	3.34B▲ 99.4%	4.38B▲ 31.3%	4.21B▼ 3.9%	4.46B▲ 5.9%	4.89B▲ 9.6%	4.1B▼ 16.1%	4.99B▲ 0%
FCF Margin %	13.44%	13.63%	19.39%	39.75%	45.77%	39.97%	42.74%	44.85%	34.7%	39.77%
FCF Growth %	504.88%	82.86%	84.56%	99.4%	31.28%	-3.86%	5.86%	9.64%	-16.13%	3.21%
FCF per Share	1.28	1.19	1.85	3.18	4.27	4.17	4.45	4.81	4.02	4.02
FCF Conversion (FCF/Net Income)	2.40x	1.55x	3.95x	-6.28x	1.60x	1.27x	1.37x	1.38x	1.20x	1.06x
Interest Paid	263M	568M	835M	821M	812M	813M	893M	940M	913M	636M
Taxes Paid	3M	1M	1M	2M	4M	3M	7M	6M	7M	4M

MPLX Key Ratios

MPLX Lp (MPLX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	7.12%	19.3%	8.12%	-4.56%	22.79%	29.73%	28.99%	31.29%	34.42%	32.81%
Return on Invested Capital (ROIC)	5.29%	10.37%	6.04%	0.44%	8.98%	11.22%	10.97%	11.77%	9.86%	9.86%
Gross Margin	35.49%	41.7%	42.47%	44.59%	42.35%	40.69%	43.73%	44.18%	45.23%	59.95%
Net Margin	21.51%	27.33%	11.97%	-8.57%	32.14%	37.42%	37.65%	39.59%	41.57%	37.54%
Debt / Equity	0.67x	1.70x	1.16x	1.48x	1.46x	1.50x	1.54x	1.53x	1.80x	1.80x
Interest Coverage	3.21x	3.95x	2.54x	0.17x	4.44x	5.23x	5.28x	5.77x	6.05x	5.85x
FCF Conversion	2.40x	1.55x	3.95x	-6.28x	1.60x	1.27x	1.37x	1.38x	1.20x	1.06x
Revenue Growth	22.62%	80.22%	29.77%	-2.71%	14.02%	10.09%	-1.02%	4.5%	8.37%	12.11%

MPLX SEC Filings & Documents

MPLX Lp (MPLX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 5, 2026·SEC

Material company update

Apr 13, 2026·SEC

Material company update

Mar 18, 2026·SEC

10-K Annual Reports

FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 5, 2025·SEC

MPLX Frequently Asked Questions

MPLX Lp (MPLX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

MPLX Lp (MPLX) reported $12.54B in revenue for fiscal year 2025. This represents a 3060% increase from $396.9M in 2011.

MPLX Lp (MPLX) grew revenue by 8.4% over the past year. This is steady growth.

Yes, MPLX Lp (MPLX) is profitable, generating $4.71B in net income for fiscal year 2025 (41.6% net margin).

Dividend & Returns

Yes, MPLX Lp (MPLX) pays a dividend with a yield of 7.08%. This makes it attractive for income-focused investors.

MPLX Lp (MPLX) has a return on equity (ROE) of 34.4%. This is excellent, indicating efficient use of shareholder capital.

MPLX Lp (MPLX) generated $4.99B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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