Mplx LP (MPLX) Financial Statements
Industry: Pipe Lines (No Natural Gas)
In fiscal 2025, Mplx reported revenue of $13.00B, up 8.9% from $11.93B the year before. Net income was $4.91B (a 37.8% net margin). Gross margin was 45.7% and operating margin was 45.7%. Operating activities generated $5.91B of cash, leaving $4.10B of free cash flow. At fiscal year end, Mplx held $43.01B in total assets against $28.48B in total liabilities, including $2.14B of cash and equivalents.
Open the full interactive Mplx financials → Quarterly statements, key ratios, valuation history and price charts.
Mplx Key Stats
| Share Price | $56.91 |
|---|---|
| Revenue YoY Growth | +8.9% |
| 52-Week Range | $44.90 – $60.23 |
Mplx Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $7.57B | $10.03B | $11.61B | $11.28B | $11.93B | $13.00B |
| Cost of Goods Sold | $7.36B | $6.04B | $6.70B | $6.38B | $6.64B | $7.05B |
| Gross Profit | $211.0M | $3.99B | $4.91B | $4.90B | $5.29B | $5.94B |
| Operating Income | -$167.0M | $3.64B | $4.91B | $4.90B | $5.29B | $5.94B |
| Pre-Tax Income | -$685.0M | $3.11B | $3.99B | $3.98B | $4.37B | $4.96B |
| Income Tax | $2.0M | $1.0M | $8.0M | $11.0M | $10.0M | $48.0M |
| Net Income | -$720.0M | $3.08B | $3.94B | $3.93B | $4.32B | $4.91B |
Mplx Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $3.62B | $3.25B | $3.04B | $3.31B |
| Net Income | $1.54B | $1.19B | $912.0M | $1.08B |
Mplx Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $15.0M | $13.0M | $238.0M | $1.05B | $1.52B | $2.14B |
| Current Assets | $1.51B | $1.51B | $1.91B | $2.81B | $3.28B | $3.99B |
| Total Assets | $36.41B | $35.51B | $35.66B | $36.53B | $37.51B | $43.01B |
| Current Liabilities | $2.09B | $3.35B | $2.40B | $2.62B | $3.23B | $3.25B |
| Total Long-Term Debt | $19.38B | $18.07B | $19.80B | $20.43B | $20.95B | $25.65B |
| Total Liabilities | $22.43B | $22.49B | $22.15B | $22.95B | $23.50B | $28.48B |
| Shareholders' Equity | $13.98B | $13.02B | $13.51B | $13.58B | $14.01B | $14.53B |
Mplx Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $4.52B | $4.91B | $5.02B | $5.40B | $5.95B | $5.91B |
| Cash From Investing | -$1.26B | -$518.0M | -$956.0M | -$1.25B | -$2.00B | -$4.86B |
| Cash From Financing | -$3.26B | -$4.39B | -$3.84B | -$3.33B | -$3.48B | -$435.0M |
| Free Cash Flow | $3.34B | $4.38B | $4.21B | $4.46B | $4.89B | $4.10B |
Figures from Mplx's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mplx financials page for every line item.
Mplx Company Profile
| Ticker | MPLX |
|---|---|
| Exchange | NYSE |
| Industry | Pipe Lines (No Natural Gas) |
| Headquarters | Findlay, Ohio |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001552000 |
Frequently Asked Questions
What was Mplx's revenue in fiscal 2025?
Mplx (MPLX) reported revenue of $13.00B for fiscal 2025.
What is Mplx's annual revenue history?
Mplx's annual revenue by fiscal year: 2020: $7.57B; 2021: $10.03B; 2022: $11.61B; 2023: $11.28B; 2024: $11.93B; 2025: $13.00B.
What was Mplx's net income in fiscal 2025?
Mplx reported net income of $4.91B for fiscal 2025.
How much free cash flow did Mplx generate in fiscal 2025?
Mplx generated $4.10B of free cash flow in fiscal 2025.
What was Mplx's revenue last quarter?
In its most recent reported quarter (2026 Q2), Mplx reported revenue of $3.31B.
How much debt does Mplx have?
Mplx reported $25.65B of long-term debt, including the current portion, at the end of fiscal 2025.
When does Mplx's fiscal year end?
Mplx's fiscal year end, as registered with the SEC, is December 31.
Where is Mplx headquartered?
Mplx lists its business address in Findlay, Ohio in its SEC filings.