MPLX Lp (MPLX) quarterly cash flow statement — complete operating, investing & financing history
MPLX Lp (MPLX) cash flow statement — 15-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 1.7B | 1.35B | 1.5B | 1.43B | 1.74B | 1.25B | 1.68B | 1.42B | 1.56B | 1.29B | 1.49B | 1.24B | 1.44B | 1.23B | 1.37B | 1.04B | 1.49B | 1.13B | 1.24B | 1.18B |
| Operating CF Margin % | 51.39% | 47.05% | 48.3% | 39.54% | 62.27% | 43.16% | 58.98% | 50.97% | 58.31% | 49.58% | 55.78% | 45.84% | 57.57% | 48.14% | 54.7% | 37.88% | 53.18% | 44.98% | 47.8% | 48.4% |
| Operating CF Growth % | -1.96% | 8.11% | -10.69% | 1.13% | 10.93% | -3.49% | 12.27% | 13.75% | 8.91% | 5.22% | 9.06% | 19.73% | -3.36% | 9.07% | 10.32% | -12.1% | 8.94% | 0.09% | 4.64% | -3.27% |
| Net Income | 1.09B | 911M | 1.2B | 1.55B | 1.06B | 1.14B | 1.1B | 1.04B | 1.19B | 1.01B | 1.14B | 928M | 942M | 952M | 824M | 1.44B | 884M | 833M | 838M | 811M |
| Depreciation & Amortization | 365M | 358M | 355M | 346M | 324M | 326M | 324M | 322M | 320M | 317M | 306M | 301M | 310M | 296M | 305M | 302M | 310M | 313M | 316M | 324M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 6M | 2M | 0 | 0 | 2M | 0 | 0 | 0 | 4M | 0 | -1M | 0 | -1M | 0 | 0 | 4M | -1M | 0 |
| Other Non-Cash Items | -2M | 138M | -90M | -432M | 41M | 14M | 72M | 93M | -107M | 30M | -55M | 62M | 15M | 27M | 59M | -492M | 27M | 93M | 69M | 33M |
| Working Capital Changes | 252M | -60M | 22M | -40M | 313M | -230M | 186M | -37M | 170M | -71M | 90M | -47M | 171M | -48M | 181M | -208M | 266M | -118M | 18M | 12M |
| Change in Receivables | 117M | -24M | 4M | 12M | 132M | -100M | 42M | 21M | 22M | 95M | 45M | -85M | 16M | 38M | 233M | -88M | -44M | -73M | -37M | -79M |
| Change in Inventory | -22M | -6M | -7M | -7M | -6M | -6M | -9M | -2M | -5M | -4M | -4M | -8M | -5M | -2M | 2M | 8M | -8M | -7M | -2M | -14M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | -76M | 0 | 1M | 60M | -124M | 0 | 0 | 0 | 0 | -82M | -204M | 180M | 73M | 0 | 0 |
| Cash from Investing | -1.03B | -791M | 78M | -3.73B | -602M | -601M | -349M | -536M | -114M | -996M | -528M | -236M | -271M | -220M | -280M | -265M | -135M | -276M | -141M | -132M |
| Capital Expenditures | -825M | -575M | -714M | -526M | -301M | -267M | -308M | -280M | -213M | -255M | -275M | -230M | -263M | -169M | -271M | -241M | -125M | -169M | -155M | -139M |
| CapEx % of Revenue | 24.91% | 20.08% | 23.05% | 14.53% | 10.8% | 9.25% | 10.85% | 10.09% | 7.94% | 9.79% | 10.28% | 8.47% | 10.54% | 6.63% | 10.84% | 8.79% | 4.47% | 6.76% | 5.98% | 5.69% |
| Acquisitions | 0 | 18M | 61M | -3.39B | -348M | -356M | -42M | -122M | -35M | -622M | -245M | -13M | -26M | -51M | -19M | -42M | -74M | -110M | -35M | -32M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 4M | 731M | 100M | 8M | 1M | 1M | -134M | 0 | 0 | 1M | 7M | 18M | 0 | 10M | 18M | 64M | 3M | 49M | 39M |
| Cash from Financing | -1.15B | -1.19B | -1.2B | 1.91B | -2.28B | 370M | -2.23B | -954M | 665M | -958M | -876M | -803M | -804M | -852M | -971M | -951M | -1.1B | -820M | -1.13B | -1.02B |
| Debt Issued (Net) | -5M | -31M | -1M | 3.8B | -1.2B | 1.48B | -1.15B | -1M | 1.63B | 0 | 0 | 0 | -1M | 589M | 0 | -20M | -323M | 57M | 380M | -123M |
| Equity Issued (Net) | -50M | -50M | -100M | 200M | -100M | -100M | -100M | -76M | -75M | -75M | 0 | 0 | 0 | -600M | -176M | -180M | -35M | -100M | -165M | -155M |
| Dividends Paid | -1.09B | -1.09B | -1.09B | -1.95B | -976M | -978M | -980M | -873M | -874M | -876M | -877M | -799M | -799M | -821M | -799M | -755M | -735M | -758M | -1.34B | -745M |
| Share Repurchases | -50M | -50M | -100M | 200M | -100M | -100M | -100M | -76M | -75M | -75M | 0 | 0 | 0 | 0 | -176M | -180M | -35M | -100M | -165M | -155M |
| Other Financing | -2M | -13M | -6M | -135M | -5M | -29M | -3M | -4M | -15M | -7M | 1M | -4M | -4M | -20M | 4M | 4M | -3M | -19M | 5M | 4M |
| Net Change in Cash | -475M | -631M | 372M | -388M | -1.15B | 1.01B | -907M | -75M | 2.12B | -663M | 88M | 205M | -31M | 155M | 117M | -177M | 256M | 29M | -26M | 31M |
| Free Cash Flow | 877M | 772M | 782M | 2B | 1.44B | 979M | 1.37B | 1.14B | 1.35B | 1.04B | 1.22B | 1.01B | 1.17B | 1.06B | 1.1B | 798M | 1.36B | 956M | 1.08B | 1.04B |
| FCF Margin % | 26.48% | 26.96% | 25.25% | 55.24% | 51.47% | 33.91% | 48.13% | 40.89% | 50.37% | 39.78% | 45.5% | 37.36% | 47.04% | 41.51% | 43.86% | 29.09% | 48.71% | 38.22% | 41.83% | 42.71% |
| FCF Growth % | -38.88% | -21.14% | -42.79% | 76.12% | 6.14% | -5.5% | 12.33% | 11.93% | 15.16% | -2.08% | 10.94% | 27.07% | -13.8% | 10.67% | 1.11% | -23.49% | 8.44% | -4.21% | 10.26% | 10.02% |
| FCF per Share | 0.86 | 0.76 | 0.77 | 1.96 | 1.41 | 0.96 | 1.34 | 1.11 | 1.33 | 1.03 | 1.21 | 1.01 | 1.17 | 1.06 | 1.09 | 0.79 | 1.35 | 0.94 | 1.06 | 1.02 |
| FCF Conversion (FCF/Net Income) | 1.57x | 1.48x | 1.25x | 0.93x | 1.66x | 1.11x | 1.52x | 1.36x | 1.33x | 1.28x | 1.32x | 1.36x | 1.54x | 1.30x | 1.68x | 0.73x | 1.70x | 1.36x | 1.49x | 1.47x |
| Interest Paid | 192M | 384M | 208M | 254M | 174M | 277M | 216M | 278M | 168M | 278M | 169M | 284M | 170M | 270M | 171M | 249M | 180M | 213M | 0 | 0 |
| Taxes Paid | 0 | 0 | 4M | 0 | 0 | 0 | 4M | 0 | 2M | 0 | 3M | 1M | 2M | 1M | 1M | 1M | 1M | 0 | 0 | 0 |