MPLX LP Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	11,474	10,904	10,434	10,541	9,575
Other Revenue	343	227	247	596	131
Revenue	11,817	11,131	10,681	11,137	9,706
Revenue Growth (YoY)	6.16%	4.21%	-4.09%	14.74%	14.12%
Cost of Revenue	5,121	4,804	4,658	5,022	4,233
Gross Profit	6,696	6,327	6,023	6,115	5,473
Selling, General & Admin	446	427	379	335	353
Other Operating Expenses	137	131	131	115	120
Operating Expenses	1,934	1,841	1,723	1,680	1,760
Operating Income	4,762	4,486	4,300	4,435	3,713
Interest Expense	-983	-944	-897	-848	-793
Interest & Investment Income	-	95	43	4	-
Earnings From Equity Investments	1,181	802	600	476	321
Other Non Operating Income (Expenses)	-	-72	-60	-80	-86
EBT Excluding Unusual Items	4,960	4,367	3,986	3,987	3,155
Asset Writedown	-	-	-	-	-42
Other Unusual Items	-	-	-9	-1	-
Pretax Income	4,960	4,367	3,977	3,986	3,113
Income Tax Expense	8	10	11	8	1
Earnings From Continuing Operations	4,952	4,357	3,966	3,978	3,112
Minority Interest in Earnings	-40	-40	-38	-34	-35
Net Income	4,912	4,317	3,928	3,944	3,077
Preferred Dividends & Other Adjustments	-	36	120	153	141
Net Income to Common	4,912	4,281	3,808	3,791	2,936
Net Income Growth	13.78%	9.90%	-0.41%	28.18%	-
Shares Outstanding (Basic)	1,019	1,016	1,001	1,010	1,027
Shares Outstanding (Diluted)	1,019	1,017	1,002	1,010	1,027
Shares Change (YoY)	0.20%	1.50%	-0.79%	-1.65%	-2.28%
EPS (Basic)	4.82	4.21	3.80	3.75	2.86
EPS (Diluted)	4.82	4.21	3.80	3.75	2.86
EPS Growth	14.49%	10.79%	1.33%	31.17%	-
Free Cash Flow	-	4,890	4,460	4,213	4,382
Free Cash Flow Per Share	-	4.81	4.45	4.17	4.27
Dividend Per Share	4.066	3.613	3.250	2.960	2.785
Dividend Growth	12.54%	11.17%	9.80%	6.28%	1.27%
Gross Margin	56.66%	56.84%	56.39%	54.91%	56.39%
Operating Margin	40.30%	40.30%	40.26%	39.82%	38.26%
Profit Margin	41.57%	38.46%	35.65%	34.04%	30.25%
Free Cash Flow Margin	-	43.93%	41.76%	37.83%	45.15%
EBITDA	6,090	5,769	5,513	5,665	5,000
EBITDA Margin	51.54%	51.83%	51.62%	50.87%	51.52%
D&A For EBITDA	1,328	1,283	1,213	1,230	1,287
EBIT	4,762	4,486	4,300	4,435	3,713
EBIT Margin	40.30%	40.30%	40.26%	39.82%	38.26%
Effective Tax Rate	0.16%	0.23%	0.28%	0.20%	0.03%
Revenue as Reported	12,998	11,933	11,281	11,613	10,027

Updated Feb 3, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q