MPLX LP (MPLX)

MPLX LP Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	10,739	10,434	10,541	9,575	8,398	8,632
Other Revenue	304	247	596	131	107	119
Revenue	11,043	10,681	11,137	9,706	8,505	8,751
Revenue Growth (YoY)	6.20%	-4.09%	14.74%	14.12%	-2.81%	29.49%
Cost of Revenue	4,701	4,658	5,022	4,233	3,276	3,712
Gross Profit	6,342	6,023	6,115	5,473	5,229	5,039
Selling, General & Admin	422	379	335	353	378	374
Other Operating Expenses	128	131	115	120	125	113
Operating Expenses	1,815	1,723	1,680	1,760	1,880	1,741
Operating Income	4,527	4,300	4,435	3,713	3,349	3,298
Interest Expense	-927	-897	-848	-793	-834	-862
Earnings From Equity Investments	793	600	476	321	-936	290
Other Non Operating Income (Expenses)	-28	-26	-69	-86	-62	-53
EBT Excluding Unusual Items	4,406	3,977	3,994	3,155	1,517	2,673
Merger & Restructuring Charges	-	-	-	-	-37	-14
Impairment of Goodwill	-	-	-	-	-1,814	-1,197
Asset Writedown	-	-	-	-42	-351	-
Other Unusual Items	-	-	-8	-	-	-
Pretax Income	4,406	3,977	3,986	3,113	-685	1,462
Income Tax Expense	14	11	8	1	2	-
Earnings From Continuing Operations	4,392	3,966	3,978	3,112	-687	1,462
Minority Interest in Earnings	-40	-38	-34	-35	-33	-28
Net Income	4,352	3,928	3,944	3,077	-720	1,434
Preferred Dividends & Other Adjustments	58	120	153	141	122	524
Net Income to Common	4,294	3,808	3,791	2,936	-842	910
Net Income Growth	20.55%	-0.41%	28.18%	-	-	-27.94%
Shares Outstanding (Basic)	1,012	1,001	1,010	1,027	1,051	906
Shares Outstanding (Diluted)	1,013	1,002	1,010	1,027	1,051	907
Shares Change (YoY)	1.15%	-0.79%	-1.66%	-2.28%	15.88%	19.19%
EPS (Basic)	4.24	3.80	3.75	2.86	-0.80	1.00
EPS (Diluted)	4.24	3.80	3.75	2.86	-0.80	1.00
EPS Growth	21.97%	1.33%	31.17%	-	-	-56.33%
Free Cash Flow	4,737	4,460	4,213	4,382	3,338	1,674
Free Cash Flow Per Share	4.68	4.45	4.17	4.27	3.18	1.85
Dividend Per Share	3.506	3.250	2.960	2.785	2.750	2.690
Dividend Growth	10.44%	9.80%	6.28%	1.27%	2.23%	6.32%
Gross Margin	57.43%	56.39%	54.91%	56.39%	61.48%	57.58%
Operating Margin	40.99%	40.26%	39.82%	38.25%	39.38%	37.69%
Profit Margin	38.88%	35.65%	34.04%	30.25%	-9.90%	10.40%
Free Cash Flow Margin	42.90%	41.76%	37.83%	45.15%	39.25%	19.13%
EBITDA	5,792	5,513	5,665	5,000	4,726	4,552
EBITDA Margin	52.45%	51.62%	50.87%	51.51%	55.57%	52.02%
D&A For EBITDA	1,265	1,213	1,230	1,287	1,377	1,254
EBIT	4,527	4,300	4,435	3,713	3,349	3,298
EBIT Margin	40.99%	40.26%	39.82%	38.25%	39.38%	37.69%
Effective Tax Rate	0.32%	0.28%	0.20%	0.03%	-	-
Revenue as Reported	11,836	11,281	11,613	10,027	7,569	9,041

Source: S&P Capital IQ. Standard template. Financial Sources.