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May 5, 2026·SEC
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Apr 13, 2026·SEC
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Mar 18, 2026·SEC
MPLX Lp(MPLX)Earnings, Financials & Key Ratios
MPLX•NYSE
11.8× P/E·Price updated Jun 19, 2026
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%
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.
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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%
TTM7.18%
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
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.90-14.3%
$1.05
Rev
$2.8B-9.3%
$3.1B
Q1 2026
Feb 3, 2026Metric
Actual
Est
EPS
$1.17+10.4%
$1.06
Rev
$3.3B+2.4%
$3.2B
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$1.52+42.1%
$1.07
Rev
$3.6B+14.6%
$3.2B
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$1.03-2.8%
$1.06
Rev
$2.8B-11.2%
$3.1B
| 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 →
MPLX Peer Comparison
MPLX Lp (MPLX) competitors in Gas Gathering, Processing and NGLs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 EPD | 79.12B | 36.60 | 13.76 | -6.44% | 11.03% | 19.29% | 1.14 | |
 ET | 64.51B | 18.75 | 13.89 | -0.05% | 6.21% | 11.56% | 1.45 | |
 PAA | 15.06B | 21.34 | 12.86 | -11.61% | 2.54% | 8.84% | 0.86 | |
 WES | 16.92B | 42.96 | 14.32 | 6.61% | 29.9% | 33.79% | 2.14 | |
 TRGP | 55.5B | 258.58 | 30.35 | 3.06% | 12.98% | 70.77% | 5.49 | |
 AM | 10.31B | 21.71 | 25.24 | 6.99% | 31.94% | 20.38% | 1.63 | |
 KMI | 70.28B | 31.59 | 23.06 | 12.45% | 18.92% | 10.27% | 1.00 | |
 WMB | 89.43B | 73.12 | 34.17 | 13.78% | 23.82% | 18.98% | 1.96 |
Compare MPLX vs Peers
MPLX Lp (MPLX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MPLX Income Statement
MPLX Lp (MPLX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | 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 | 4.74B |
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% | 4.63▲ 0% |
EPS Growth % | - | 125.47% | -56.9% | -177.67% | 457.5% | 31.12% | 1.87% | 10.21% | 14.49% | 7.18% |
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 | 1.02B |
Basic Shares Outstanding | 385M | 761M | 906M | 1.05B | 1.03B | 1.01B | 1B | 1.02B | 1.02B | 1.02B |
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
| Metric | 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 | 1.77B |
Days Sales Outstanding | 44.7 | 38.74 | 54.08 | 50.59 | 50.17 | 51.21 | 54.64 | 51.68 | 50.75 | 47.57 |
Inventory | 65M | 77M | 110M | 118M | 142M | 148M | 159M | 180M | 172M | 178M |
Days Inventory Outstanding | 9.96 | 7.25 | 8.09 | 9.26 | 9.39 | 8.64 | 9.88 | 10.79 | 9.7 | 13.03 |
Other Current Assets | 33M | 37M | 71M | 214M | 32M | 35M | 34M | 28M | 37M | 46M |
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 | 22.5B |
Fixed Asset Turnover | 0.30x | 0.45x | 0.38x | 0.39x | 0.47x | 0.54x | 0.53x | 0.55x | 0.53x | 0.58x |
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 | 21.02B |
Other Non-Current Assets | 26M | 35M | 52M | 48M | 60M | 1.05B | 1.12B | 1.18B | 1.39B | 1.45B |
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 | 126M |
Days Payables Outstanding | 43.08 | 34.35 | 84.75 | 28.79 | 11.37 | 13.08 | 9.51 | 8.81 | 6.09 | 9.34 |
Short-Term Debt | 386M | 0 | 76M | 830M | 561M | 1.04B | 1.18B | 1.74B | 1.56B | 1.31B |
Deferred Revenue (Current) | 48M | 51M | 59M | 97M | 77M | 80M | 81M | 106M | 107M | 434M |
Other Current Liabilities | 551M | 770M | 844M | 792M | 2.54B | 1.06B | 1.21B | 1.24B | 1.48B | 1.66B |
Current Ratio | 0.43x | 0.76x | 0.70x | 0.73x | 0.45x | 0.79x | 1.07x | 1.01x | 1.23x | 1.10x |
Quick Ratio | 0.38x | 0.69x | 0.64x | 0.67x | 0.41x | 0.73x | 1.01x | 0.96x | 1.18x | 1.05x |
Cash Conversion Cycle | 11.59 | 11.63 | -22.58 | 31.06 | 48.18 | 46.78 | 55.01 | 53.66 | 54.36 | 51.26 |
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 | 24.38B |
Capital Lease Obligations | 0 | 0 | 542M | 482M | 440M | 465M | 442M | 446M | 454M | 1.78B |
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 | 338M |
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 | 26.13B |
Net Debt | 7.32B | 13.32B | 20.3B | 20.66B | 19.05B | 20.06B | 19.87B | 19.92B | 24.02B | 24.63B |
Debt / Equity | 0.67x | 1.70x | 1.16x | 1.48x | 1.46x | 1.50x | 1.54x | 1.53x | 1.80x | 1.83x |
Debt / EBITDA | 3.91x | 3.73x | 5.59x | 13.02x | 3.61x | 3.31x | 3.42x | 3.26x | 4.28x | 3.72x |
Net Debt / EBITDA | 3.91x | 3.70x | 5.59x | 13.01x | 3.61x | 3.27x | 3.25x | 3.03x | 3.93x | 3.51x |
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 | 14.06 |
Total Shareholders' Equity | 10.83B | 7.71B | 17.33B | 13.74B | 12.78B | 13.48B | 13.35B | 13.78B | 14.3B | 14.07B |
Common Stock | 9.84B | 6.72B | 15.77B | 12.18B | 11.22B | 11.71B | 12.46B | 13.58B | 14.3B | 14.07B |
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
| Metric | 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 | 6.01B |
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% | 12.29% |
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 | 4.90 |
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% | 11.22% |
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 | 1.83x |
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% |
Related:MPLX Dividend History·MPLX Revenue History·MPLX Price History·MPLX P/E History·MPLX Financial Ratios·MPLX Institutional Holders
MPLX SEC Filings & Documents
MPLX Lp (MPLX) SEC filings — annual & quarterly reports (10-K, 10-Q)
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 6.94%. 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.