MPLX Lp (MPLX) quarterly income statement — complete revenue, gross profit & net income history
MPLX Lp (MPLX) annual income statement — 15-year revenue, gross profit & net income history
| 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 |
|---|
| Sales/Revenue | 3.31B | 2.86B | 3.1B | 3.62B | 2.79B | 2.89B | 2.84B | 2.78B | 2.68B | 2.6B | 2.67B | 2.71B | 2.5B | 2.55B | 2.5B | 2.74B | 2.8B | 2.5B | 2.59B | 2.44B |
| Revenue Growth % | 18.79% | -0.83% | 9.05% | 30.37% | 3.87% | 10.87% | 6.17% | 2.28% | 7.53% | 2.16% | 6.96% | -1.06% | -10.73% | 1.92% | -3.59% | 12.33% | 21.62% | 11.65% | 23% | 14.27% |
| Cost of Goods Sold | 1.43B | 1.69B | 1.63B | 1.42B | 1.57B | 1.61B | 1.58B | 1.56B | 1.49B | 1.45B | 1.46B | 1.61B | 1.4B | 1.4B | 1.5B | 1.61B | 1.71B | 1.44B | 1.56B | 1.41B |
| COGS % of Revenue | 43.09% | 58.99% | 52.7% | 39.18% | 56.35% | 55.87% | 55.77% | 56.12% | 55.63% | 55.76% | 54.69% | 59.4% | 56.01% | 54.84% | 59.86% | 58.66% | 61.09% | 57.5% | 60.33% | 57.62% |
| Gross Profit | 1.89B | 1.17B | 1.47B | 2.2B | 1.22B | 1.27B | 1.26B | 1.22B | 1.19B | 1.15B | 1.21B | 1.1B | 1.1B | 1.15B | 1B | 1.13B | 1.09B | 1.06B | 1.03B | 1.03B |
| Gross Margin % | 56.91% | 41.01% | 47.3% | 60.82% | 43.65% | 44.13% | 44.23% | 43.88% | 44.37% | 44.24% | 45.31% | 40.6% | 43.99% | 45.16% | 40.14% | 41.34% | 38.91% | 42.5% | 39.67% | 42.38% |
| Gross Profit Growth % | 54.89% | -7.85% | 16.64% | 80.71% | 2.18% | 10.59% | 3.63% | 10.53% | 8.47% | 0.09% | 20.72% | -2.82% | 0.92% | 8.28% | -2.43% | 9.57% | 9.02% | 7.05% | 14.21% | 8.49% |
| Operating Expenses | 507M | 150M | 137M | 400M | -76M | -92M | -87M | -57M | -228M | -99M | -163M | -52M | -77M | -45M | -56M | -540M | -29M | 3M | -27M | 4M |
| OpEx % of Revenue | 15.31% | 5.24% | 4.42% | 11.05% | -2.73% | -3.19% | -3.06% | -2.05% | -8.49% | -3.8% | -6.09% | -1.92% | -3.08% | -1.77% | -2.24% | -19.69% | -1.04% | 0.12% | -1.04% | 0.16% |
| Selling, General & Admin | 108M | 114M | 101M | 126M | 107M | 112M | 104M | 107M | 107M | 109M | 99M | 102M | 89M | 89M | 87M | 88M | 82M | 78M | 86M | 94M |
| SG&A % of Revenue | 3.26% | 3.98% | 3.26% | 3.48% | 3.84% | 3.88% | 3.66% | 3.85% | 3.99% | 4.19% | 3.7% | 3.76% | 3.57% | 3.49% | 3.48% | 3.21% | 2.93% | 3.12% | 3.32% | 3.85% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Operating Income | 1.38B | 1.02B | 1.33B | 1.8B | 1.29B | 1.37B | 1.34B | 1.27B | 1.42B | 1.25B | 1.38B | 1.15B | 1.18B | 1.2B | 1.06B | 1.67B | 1.12B | 1.06B | 1.06B | 1.03B |
| Operating Margin % | 41.61% | 35.77% | 42.88% | 49.77% | 46.38% | 47.32% | 47.29% | 45.93% | 52.87% | 48.04% | 51.4% | 42.52% | 47.08% | 46.92% | 42.38% | 61.03% | 39.95% | 42.38% | 40.71% | 42.22% |
| Operating Income Growth % | 6.57% | -25.04% | -1.12% | 41.25% | -8.88% | 9.19% | -2.33% | 10.49% | 20.77% | 4.6% | 29.72% | -31.06% | 5.19% | 12.83% | 0.38% | 62.37% | 19.98% | 8.83% | 14.78% | 14.68% |
| EBITDA | 1.74B | 1.38B | 1.68B | 2.15B | 1.62B | 1.69B | 1.67B | 1.6B | 1.74B | 1.57B | 1.68B | 1.46B | 1.49B | 1.49B | 1.36B | 1.98B | 1.43B | 1.37B | 1.37B | 1.35B |
| EBITDA Margin % | 52.63% | 48.27% | 54.34% | 59.33% | 58% | 58.61% | 58.7% | 57.53% | 64.79% | 60.22% | 62.84% | 53.61% | 59.5% | 58.53% | 54.58% | 72.04% | 51.04% | 54.9% | 52.89% | 55.49% |
| EBITDA Growth % | 7.79% | -18.32% | 0.96% | 34.44% | -7.02% | 7.91% | -0.83% | 9.76% | 17.1% | 5.09% | 23.15% | -26.37% | 4.06% | 8.67% | -0.51% | 45.83% | 14.25% | 5.37% | 5.13% | 8.84% |
| D&A (Non-Cash Add-back) | 365M | 358M | 355M | 346M | 324M | 326M | 324M | 322M | 320M | 317M | 306M | 301M | 310M | 296M | 305M | 302M | 310M | 313M | 316M | 324M |
| EBIT | 1.38B | 1.23B | 1.48B | 1.82B | 1.3B | 1.37B | 1.35B | 1.29B | 1.42B | 1.24B | 1.38B | 1.15B | 1.17B | 1.2B | 1.04B | 1.66B | 1.1B | 1.04B | 1.04B | 1.01B |
| Net Interest Income | -289M | -291M | -277M | -243M | -234M | -217M | -229M | -226M | -231M | -235M | -222M | -225M | -233M | -243M | -234M | -236M | -233M | -222M | -218M | -220M |
| Interest Income | 0 | 19M | 0 | 16M | 16M | 18M | 12M | 20M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 289M | 310M | 277M | 259M | 250M | 235M | 241M | 246M | 231M | 235M | 222M | 225M | 233M | 243M | 234M | 236M | 233M | 222M | 218M | 220M |
| Other Income/Expense | -289M | -101M | -122M | -243M | -234M | -229M | -229M | -226M | -231M | -235M | -222M | -225M | -233M | -243M | -234M | -236M | -233M | -222M | -218M | -220M |
| Pretax Income | 1.09B | 923M | 1.21B | 1.56B | 1.06B | 1.14B | 1.11B | 1.05B | 1.19B | 1.02B | 1.15B | 929M | 942M | 953M | 826M | 1.44B | 884M | 838M | 838M | 811M |
| Pretax Margin % | 32.88% | 32.24% | 38.94% | 43.05% | 37.98% | 39.38% | 39.23% | 37.79% | 44.26% | 39.02% | 43.1% | 34.23% | 37.74% | 37.39% | 33.03% | 52.42% | 31.62% | 33.51% | 32.31% | 33.21% |
| Income Tax | 2M | 1M | 3M | 3M | 1M | 1M | 5M | 2M | 2M | 1M | 9M | 1M | 0 | 1M | 2M | 1M | 0 | 5M | 0 | 0 |
| Effective Tax Rate % | 0.18% | 0.11% | 0.25% | 0.19% | 0.09% | 0.09% | 0.45% | 0.19% | 0.17% | 0.1% | 0.78% | 0.11% | 0% | 0.1% | 0.24% | 0.07% | 0% | 0.6% | 0% | 0% |
| Net Income | 1.09B | 912M | 1.19B | 1.54B | 1.05B | 1.13B | 1.1B | 1.04B | 1.18B | 1B | 1.13B | 918M | 933M | 943M | 816M | 1.43B | 875M | 825M | 830M | 802M |
| Net Margin % | 32.82% | 31.85% | 38.52% | 42.69% | 37.59% | 39% | 38.7% | 37.36% | 43.82% | 38.59% | 42.39% | 33.82% | 37.38% | 36.99% | 32.63% | 52.06% | 31.29% | 32.99% | 32% | 32.84% |
| Net Income Growth % | 3.72% | -19.01% | 8.55% | 48.99% | -10.88% | 12.04% | -3.09% | 12.96% | 26.05% | 6.57% | 38.97% | -35.71% | 6.63% | 14.3% | -1.69% | 78.05% | 23.94% | 11.64% | 20.12% | 20.6% |
| Net Income (Continuing) | 1.09B | 922M | 1.2B | 1.55B | 1.06B | 1.14B | 1.11B | 1.05B | 1.19B | 1.01B | 1.14B | 928M | 942M | 952M | 824M | 1.44B | 884M | 833M | 838M | 811M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 225M | 226M | 227M | 228M | 229M | 230M | 231M | 232M | 233M | 234M | 235M | 236M | 237M | 237M | 34M | 238M | 239M | 240M | 241M | 243M |
| EPS (Diluted) | 1.06 | 0.90 | 1.17 | 1.52 | 1.03 | 1.10 | 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 |
| EPS Growth % | 2.91% | -18.18% | 9.35% | 50.5% | -9.65% | 12.24% | -3.6% | 13.48% | 25.27% | 7.69% | 42.31% | -35.97% | 9.64% | 12.35% | 0% | 87.84% | 25.76% | 19.12% | 23.81% | 21.31% |
| EPS (Basic) | 1.06 | 0.91 | 1.17 | 1.52 | 1.03 | 1.10 | 1.07 | 1.01 | 1.15 | 0.98 | 1.11 | 0.89 | 0.91 | 0.91 | 0.78 | 1.40 | 0.83 | 0.81 | 0.78 | 0.74 |
| Diluted Shares Outstanding | 1.01B | 1.02B | 1.02B | 1.02B | 1.02B | 1.02B | 1.02B | 1.02B | 1.02B | 1.01B | 1B | 1B | 1B | 1B | 1B | 1.01B | 1.01B | 1.01B | 1.02B | 1.02B |
| Basic Shares Outstanding | 1.01B | 1.02B | 1.02B | 1.02B | 1.02B | 1.02B | 1.02B | 1.02B | 1.02B | 1.01B | 1B | 1B | 1B | 1B | 1B | 1.01B | 1.01B | 1.01B | 1.02B | 1.02B |
| Dividend Payout Ratio | 100.46% | 119.85% | 91.79% | 126.47% | 93.13% | 86.32% | 88.63% | 83.7% | 73.47% | 84.88% | 75.13% | 84.53% | 83.17% | 82.4% | 95.22% | 50% | 81.6% | 86.79% | 157.35% | 87.91% |