MPLX LP revenue and financials
$57.77Change from previous close: +0.70%Absolute change: +$0.40
In the fiscal year ended December 2025, MPLX LP reported revenue of $13B (+8.92% year over year). Net income was $4.95B, a net margin of 38.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +8.92%
- 2025 vs 2024
- Net income growth
- +13.66%
- 2025 vs 2024
- Net margin
- 38.1%
- 2024: 36.5%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,702 | 1,347 | 1,496 | 1,431 | 1,736 | 1,246 | 1,675 | 1,415 | 1,565 | 1,291 | 1,489 | 1,244 |
| Depreciation and amortization | 365 | 358 | 355 | 346 | 324 | 326 | 324 | 322 | 320 | 317 | 306 | 301 |
| Capital expenditure | -825 | -575 | -714 | -526 | -301 | -267 | -308 | -280 | -213 | -255 | -275 | -230 |
| Investing cash flow | -1,028 | -791 | 78.0 | -3,731 | -602 | -601 | -349 | -536 | -114 | -996 | -525 | -236 |
| Financing cash flow | -1,149 | -1,187 | -1,202 | 2,679 | -2,282 | 370 | -2,233 | -954 | 665 | -958 | -876 | -803 |
| Dividends paid | -1,092 | -1,093 | -1,095 | -975 | -976 | -978 | -980 | -873 | -874 | -876 | -877 | -799 |
| Share repurchases | -50.0 | -50.0 | -100 | -100 | -100 | -100 | -100 | -76.0 | -75.0 | -75.0 | — | — |
| Debt issued | 0.0 | 1,489 | 0.0 | 4,613 | 1.0 | 1,977 | — | — | 1,630 | — | — | — |
| Debt repaid | 0.0 | -1,505 | 0.0 | -812 | -1,202 | -500 | -1,150 | — | -1.0 | — | — | — |
| Net change in cash | -475 | -631 | 372 | 379 | -1,148 | 1,015 | -907 | -75.0 | 2,116 | -663 | 88.0 | 205 |
| Free cash flow | 877 | 772 | 782 | 905 | 1,435 | 979 | 1,367 | 1,135 | 1,352 | 1,036 | 1,214 | 1,014 |
| Levered free cash flow | 315 | 286 | 1,012 | -247 | 879 | 359 | 760 | 542 | 791 | 445 | 772 | 441 |