MPLX LP

MPLX 10-K · FY 2025

MPLX FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue From Contract With Customer Excluding Assessed Tax Third Parties (FY) — — —
Show Product Lines breakouts
Product 2,002 1,657 +20.8%
Product · Crude Oil and Products Logistics [Member] 4 5 -20.0%
Product · Natural Gas & NGL Services [Member] 1,998 1,652 +20.9%
Service 2,899 2,770 +4.7%
Service Other 289 357 -19.0%
Service Other · Natural Gas & NGL Services [Member] 289 357 -19.0%
Service · Crude Oil and Products Logistics [Member] 453 391 +15.9%
Service · Natural Gas & NGL Services [Member] 2,446 2,379 +2.8%
Revenuefrom Contractwith Customer Excluding Assessed Tax Related Parties (FY) — — —
Show Product Lines breakouts
Product 143 225 -36.4%
Product · Crude Oil and Products Logistics [Member] 12 13 -7.7%
Product · Natural Gas & NGL Services [Member] 131 212 -38.2%
Service 4,393 4,180 +5.1%
Service · Crude Oil and Products Logistics [Member] 4,371 4,152 +5.3%
Service · Natural Gas & NGL Services [Member] 22 28 -21.4%
Operating Lease Lease Income (FY) — — —
Show Business Segments breakouts
Crude Oil and Products Logistics [Member] · Operating Segments 923 882 +4.6%
Natural Gas & NGL Services [Member] · Operating Segments 226 222 +1.8%
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 260 251 +3.6%
Related Party 889 853 +4.2%
Sales Type Lease Revenue (FY) — — —
Show Business Segments breakouts
Crude Oil and Products Logistics [Member] · Operating Segments 448 475 -5.7%
Natural Gas & NGL Services [Member] · Operating Segments 151 136 +11.0%
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Sales Type Lease Revenue 151 136 +11.0%
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 151 136 +11.0%
Sales Type Lease Revenue Related Parties (FY) — — —
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Sales Type Lease Revenue Related Parties 448 475 -5.7%
Show Related Party Transactions By Related Party breakouts
Related Party 448 475 -5.7%
Income Loss From Equity Method Investments (FY) — — —
Show Business Segments breakouts
Crude Oil and Products Logistics [Member] · Operating Segments 243 269 -9.7%
Natural Gas & NGL Services [Member] · Operating Segments 454 533 -14.8%
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Income Loss From Equity Method Investments 697 802 -13.1%
Show Consolidation Items breakouts
Material Reconciling Items 697 802 -13.1%
Other Income (FY) — — —
Show Business Segments breakouts
Crude Oil and Products Logistics [Member] · Operating Segments 121 152 -20.4%
Natural Gas & NGL Services [Member] · Operating Segments 222 55 +303.6%
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 179 50 +258.0%
Related Party 164 157 +4.5%
Revenue (FY) — — —
Show Business Segments breakouts
Crude Oil and Products Logistics [Member] · Nonrelated Party 751 746 +0.7%
Crude Oil and Products Logistics [Member] · Operating Segments 6,575 6,339 +3.7%
Natural Gas & NGL Services [Member] · Nonrelated Party 6,210 5,297 +17.2%
Natural Gas & NGL Services [Member] · Operating Segments 6,423 5,594 +14.8%
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Revenue 12,998 11,933 +8.9%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 3,959 3,594 +10.2%
Cost of Revenue (FY) — — —
Show Product Lines breakouts
Oil And Gas Refining And Marketing 1,561 1,560 +0.1%
Cost Direct Material (FY) — — —
Show Product Lines breakouts
Natural Gas Midstream 1,815 1,561 +16.3%
Show Business Segments breakouts
Natural Gas & NGL Services [Member] · Operating Segments 1,815 1,561 +16.3%
Direct Costs Of Leased And Rented Property Or Equipment (FY) — — —
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 80 82 -2.4%
Related Party 16 18 -11.1%
Costs And Expenses Related Party (FY) — — —
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Costs And Expenses Related Party 1,649 1,583 +4.2%
Cost Of Goods And Services Sold Depreciation And Amortization (FY) — — —
Show Business Segments breakouts
Crude Oil and Products Logistics [Member] · Operating Segments 546 526 +3.8%
Natural Gas & NGL Services [Member] · Operating Segments 805 757 +6.3%
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Cost Of Goods And Services Sold Depreciation And Amortization 1,351 1,283 +5.3%
Show Consolidation Items breakouts
Material Reconciling Items 1,351 1,283 +5.3%
General & Administrative (FY) — — —
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General & Administrative 446 427 +4.4%
Show Related Party Transactions By Related Party breakouts
Marathon Petroleum Corporation [Member] 299 289 +3.5%
Taxes Excluding Income And Excise Taxes (FY) — — —
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Taxes Excluding Income And Excise Taxes 137 131 +4.6%
Total Costs & Expenses (FY) — — —
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Total Costs & Expenses 7,055 6,645 +6.2%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 1,579 1,535 +2.9%
Operating Income (FY) — — —
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Operating Income 5,943 5,288 +12.4%
Interest And Debt Expense (FY) — — —
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Interest And Debt Expense 983 921 +6.7%
Income Before Taxes (FY) — — —
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Income Before Taxes 4,960 4,367 +13.6%
Other Tax Expense Benefit (FY) — — —
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Other Tax Expense Benefit 8 10 -20.0%
Net Income (FY) — — —
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Net Income 4,952 4,357 +13.7%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 1,854 1,631 +13.7%
Net Income Loss Attributable To Noncontrolling Interest (FY) — — —
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Net Income Loss Attributable To Noncontrolling Interest 40 40 0.0%
Net Income Loss Allocated To Limited Partners (FY) — — —
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Net Income Loss Allocated To Limited Partners 4,912 4,290 +14.5%
Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax (FY) — — —
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Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax 4.82 4.21 +14.5%
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted (FY) — — —
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Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted 4.82 4.21 +14.5%
Weighted Average Limited Partnership Units Outstanding (FY) — — —
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Weighted Average Limited Partnership Units Outstanding 1,019 1,016 +0.3%
Weighted Average Limited Partnership Units Outstanding Diluted (FY) — — —
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Weighted Average Limited Partnership Units Outstanding Diluted 1,019 1,017 +0.2%
Income Loss From Continuing Operations (FY) — — —
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Income Loss From Continuing Operations 4,912 4,317 +13.8%
Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain (FY) — — —
Show Business Segments breakouts
Natural Gas & NGL Services [Member] · Operating Segments 484 20 +2320.0%
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Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain 484 20 +2320.0%
Revenue (FY) — — —
Show Product Lines breakouts
Product · Crude Oil and Products Logistics [Member] 16 18 -11.1%
Product · Natural Gas & NGL Services [Member] 2,418 2,221 +8.9%
Service · Crude Oil and Products Logistics [Member] 4,824 4,543 +6.2%
Service · Natural Gas & NGL Services [Member] 2,468 2,407 +2.5%
Show Business Segments breakouts
Crude Oil and Products Logistics [Member] 4,840 4,561 +6.1%
Natural Gas & NGL Services [Member] 4,886 4,628 +5.6%
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Revenue 9,726 9,189 +5.8%
Operating Expenses (FY) — — —
Show Business Segments breakouts
Crude Oil and Products Logistics [Member] · Operating Segments 2,173 2,097 +3.6%
Natural Gas & NGL Services [Member] · Operating Segments 1,716 1,704 +0.7%
Interest Income (FY) — — —
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Interest Income 68 95 -28.4%
Comprehensive Income (FY) — — —
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Comprehensive Income 4,920 4,318 +13.9%
Net Income Loss Available To Common Stockholders Basic (FY) — — —
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Net Income Loss Available To Common Stockholders Basic 4,909 4,281 +14.7%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents (Q) — — —
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Cash & Cash Equivalents 2,137 1,519 +40.7%
Accounts Receivable (Q) — — —
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Accounts Receivable 735 718 +2.4%
Show Related Party Transactions By Related Party breakouts
Related Party 624 620 +0.6%
Other Receivables Net Current (Q) — — —
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Related Party 899 830 +8.3%
Inventory Gross (Q) — — —
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Inventory Gross 172 180 -4.4%
Other Assets Current (Q) — — —
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Other Assets Current 51 29 +75.9%
Show Related Party Transactions By Related Party breakouts
Related Party 1 1 0.0%
Total Current Assets (Q) — — —
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Total Current Assets 3,994 3,276 +21.9%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 1,347 1,570 -14.2%
Non-Current Assets
Goodwill (Q) — — —
Show Business Segments breakouts
Crude Oil and Products Logistics [Member] 7,645 7,645 0.0%
Natural Gas & NGL Services [Member] 1,110 — —
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Goodwill 8,755 7,645 +14.5%
Show Business Acquisition breakouts
Northwind Midstream 379 — —
Operating Lease Right-of-Use Assets (Q) — — —
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Operating Lease Right-of-Use Assets 276 273 +1.1%
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 276 273 +1.1%
Related Party 239 226 +5.8%
Other Receivable After Allowance For Credit Loss Noncurrent (Q) — — —
Show Related Party Transactions By Related Party breakouts
Related Party 962 1,120 -14.1%
Other Non-Current Assets (Q) — — —
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Other Non-Current Assets 1,125 994 +13.2%
Total Assets (Q) — — —
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Total Assets 43,005 37,511 +14.6%
Property, Plant & Equipment (Q) — — —
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Property, Plant & Equipment 21,698 19,154 +13.3%
Intangible Assets (Q) — — —
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Intangible Assets 1,397 — —
Other Assets
Equity Method Investments (Q) — — —
Show Business Segments breakouts
Crude Oil and Products Logistics [Member] 1,581 1,595 -0.9%
Crude Oil and Products Logistics [Member] · Illinois Extension Pipeline Company, L.L.C. 208 218 -4.6%
Crude Oil and Products Logistics [Member] · LOOP LLC 313 310 +1.0%
Crude Oil and Products Logistics [Member] · MarEn Bakken Company LLC(1) 502 526 -4.6%
Crude Oil and Products Logistics [Member] · Other VIEs and Non-VIEs [Member] 558 541 +3.1%
Natural Gas & NGL Services [Member] 3,217 2,936 +9.6%
Natural Gas & NGL Services [Member] · MarkWest EMG Jefferson Dry Gas Gathering Company, L.L.C.(4) 407 329 +23.7%
Natural Gas & NGL Services [Member] · MarkWest Utica EMG, L.L.C. 890 742 +19.9%
Natural Gas & NGL Services [Member] · Ohio Gathering Company L.L.C. 444 470 -5.5%
Natural Gas & NGL Services [Member] · Other VIEs and Non-VIEs [Member] 565 418 +35.2%
Natural Gas & NGL Services [Member] · Sherwood Midstream LLC 475 488 -2.7%
Natural Gas & NGL Services [Member] · Texas City Logistics LLC 163 — —
Natural Gas & NGL Services [Member] · WPC Parent, LLC 273 208 +31.2%
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Equity Method Investments 4,798 4,531 +5.9%
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization (Q) — — —
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Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 21,698 19,154 +13.3%
Intangible Assets Net Excluding Goodwill (Q) — — —
Show Business Segments breakouts
Crude Oil and Products Logistics [Member] 48 59 -18.6%
Natural Gas & NGL Services [Member] 1,349 459 +193.9%
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Intangible Assets Net Excluding Goodwill 1,397 518 +169.7%
Current Liabilities
Accounts Payable (Q) — — —
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Accounts Payable 108 147 -26.5%
Accrued Liabilities (Q) — — —
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Accrued Liabilities 254 295 -13.9%
Accrued Property Plant And Equipment Current (Q) — — —
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Accrued Property Plant And Equipment Current 438 208 +110.6%
Long Term Debt And Capital Lease Obligations Current (Q) — — —
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Long Term Debt And Capital Lease Obligations Current 1,502 1,693 -11.3%
Interest Payable Current (Q) — — —
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Interest Payable Current 354 244 +45.1%
Operating Lease Liability Current (Q) — — —
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 53 45 +17.8%
Related Party 2 2 0.0%
Other Liabilities Current (Q) — — —
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 141 207 -31.9%
Related Party 399 396 +0.8%
Total Current Liabilities (Q) — — —
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Total Current Liabilities 3,249 3,235 +0.4%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 1,044 746 +39.9%
Deferred Revenue (Q) — — —
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 13 84 -84.5%
Related Party 107 106 +0.9%
Debt Current (Q) — — —
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Debt Current 1,502 1,693 -11.3%
Non-Current Liabilities
Deferred Revenue Noncurrent (Q) — — —
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Deferred Revenue Noncurrent 119 317 -62.5%
Other Non-Current Liabilities (Q) — — —
Show Fair Value By Liability Class breakouts
Deferred Revenue Arrangement Type Domain · Related Party 127 110 +15.5%
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 352 125 +181.6%
Related Party 364 334 +9.0%
Deferred Income Taxes And Other Tax Liabilities Noncurrent (Q) — — —
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Deferred Income Taxes And Other Tax Liabilities Noncurrent 25 18 +38.9%
Operating Lease Liabilities (Q) — — —
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Operating Lease Liabilities 217 217 0.0%
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 217 217 0.0%
Total Liabilities (Q) — — —
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Total Liabilities 28,477 23,501 +21.2%
Other Liabilities
Long Term Debt And Capital Lease Obligations (Q) — — —
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Long Term Debt And Capital Lease Obligations 24,151 19,255 +25.4%
Stockholders' Equity
Limited Partners Capital Account (Q) — — —
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 9,451 9,322 +1.4%
Related Party 4,845 4,257 +13.8%
Accumulated Other Comprehensive Income (Q) — — —
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Accumulated Other Comprehensive Income 5 -3 +266.7%
Partners Capital (Q) — — —
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Partners Capital 14,301 13,576 +5.3%
Partners Capital Attributable To Noncontrolling Interest (Q) — — —
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Partners Capital Attributable To Noncontrolling Interest 227 231 -1.7%
Partners Capital Including Portion Attributable To Noncontrolling Interest (Q) — — —
Show Equity Components breakouts
Accumulated Other Comprehensive Income 5 -3 +266.7%
Common Stock 9,451 9,322 +1.4%
Common Unit-holder MPC 4,845 4,257 +13.8%
Noncontrolling Interest 227 231 -1.7%
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Partners Capital Including Portion Attributable To Noncontrolling Interest 14,528 13,807 +5.2%
Total Liabilities & Equity (Q) — — —
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Total Liabilities & Equity 43,005 37,511 +14.6%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Amortization Of Financing Costs And Discounts (FY) — — —
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Amortization Of Financing Costs And Discounts 30 54 -44.4%
Deferred Income Taxes (FY) — — —
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Deferred Income Taxes 7 2 +250.0%
Gain On Equity Method Investment (FY) — — —
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Gain On Equity Method Investment -484 -20 -2320.0%
Show Consolidation Items breakouts
Material Reconciling Items -484 — —
Gain Loss On Disposition Of Assets1 (FY) — — —
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Gain Loss On Disposition Of Assets1 -161 3 -5466.7%
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Material Reconciling Items 159 — —
Equity Method Investment Dividends Or Distributions (FY) — — —
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Equity Method Investment Dividends Or Distributions 864 826 +4.6%
Increase Decrease In Derivative Assets And Liabilities (FY) — — —
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Increase Decrease In Derivative Assets And Liabilities -17 -3 -466.7%
Change in Accounts Receivable (FY) — — —
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Change in Accounts Receivable 48 180 -73.3%
Change in Inventory (FY) — — —
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Change in Inventory -26 -20 -30.0%
Increase Decrease In Accounts Payable And Accrued Liabilities (FY) — — —
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Increase Decrease In Accounts Payable And Accrued Liabilities -12 5 -340.0%
Increase Decrease In Due From Related Parties Current (FY) — — —
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Increase Decrease In Due From Related Parties Current 126 84 +50.0%
Increase Decrease In Other Operating Capital Net (FY) — — —
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Increase Decrease In Other Operating Capital Net 3 -3 +200.0%
Increase Decrease In Deferred Revenue (FY) — — —
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Increase Decrease In Deferred Revenue -74 -5 -1380.0%
Other Operating Activities Cash Flow Statement (FY) — — —
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Other Operating Activities Cash Flow Statement -1 5 -120.0%
Net Cash from Operations (FY) — — —
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Net Cash from Operations 5,909 5,946 -0.6%
Other Non-Cash Items (FY) — — —
Show Consolidation Items breakouts
Material Reconciling Items -120 -121 +0.8%
Investing Activities
Capital Expenditures (FY) — — —
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Capital Expenditures -1,808 -1,056 -71.2%
Payments To Acquire Businesses Net Of Cash Acquired (FY) — — —
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Payments To Acquire Businesses Net Of Cash Acquired -3,316 -622 -433.1%
Proceeds From Sales Of Assets Investing Activities (FY) — — —
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Proceeds From Sales Of Assets Investing Activities 975 1 +97400.0%
Payments To Acquire Interest In Joint Venture (FY) — — —
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Payments To Acquire Interest In Joint Venture 1,008 464 +117.2%
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital (FY) — — —
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Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital 293 146 +100.7%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
MarkWest EMG Jefferson Dry Gas Gathering Company, L.L.C.(4) 42 — —
Other Investing Activities (FY) — — —
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Other Investing Activities 8 — —
Net Cash from Investing (FY) — — —
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Net Cash from Investing -4,856 -1,995 -143.4%
Financing Activities
Proceeds From Issuance Of Long Term Debt (FY) — — —
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Proceeds From Issuance Of Long Term Debt 6,541 1,630 +301.3%
Repayments Of Long Term Debt (FY) — — —
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Repayments Of Long Term Debt 2,464 1,151 +114.1%
Proceeds From Related Party Debt (FY) — — —
Show Debt Instrument breakouts
Revolving Credit Facility 50 — —
Repayments Of Related Party Debt (FY) — — —
Show Debt Instrument breakouts
Revolving Credit Facility -50 — —
Debt Issuance Costs (FY) — — —
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Debt Issuance Costs -63 -15 -320.0%
Share Repurchases (FY) — — —
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Share Repurchases -400 -326 -22.7%
Payments To Minority Shareholders (FY) — — —
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Payments To Minority Shareholders -44 -44 0.0%
Paymentsof Distributionson Preferred Units (FY) — — —
Show Statement Class Of Stock breakouts
Series A Preferred Stock -6 -44 +86.4%
Distribution Made To Limited Partner Cash Distributions Paid (FY) — — —
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Distribution Made To Limited Partner Cash Distributions Paid -4,018 -3,559 -12.9%
Proceeds From Contributions From Parent (FY) — — —
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Proceeds From Contributions From Parent 24 35 -31.4%
Proceeds From Payments For Other Financing Activities (FY) — — —
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Proceeds From Payments For Other Financing Activities -5 -6 +16.7%
Net Cash from Financing (FY) — — —
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Net Cash from Financing -435 -3,480 +87.5%
Supplemental
Interest Paid (FY) — — —
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Interest Paid 913 940 -2.9%
Other Cash Flow
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect (FY) — — —
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect 618 471 +31.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents (Q) — — —
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,137 1,519 +40.7%

Values in millions USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

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