MPLX LP (MPLXP) Financial Statements (2026 and earlier)

Company Profile

Business Address 200 E. HARDIN STREET
FINDLAY, OH 45840
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1371,7651,3862,5341,5192,426
Cash and cash equivalent2,1371,7651,3862,5341,5192,426
Net investment in lease, before allowance for credit loss 377   306 
Receivables735729736858718742
Inventory, net of allowances, customer advances and progress billings172175192186180171
Inventory172175192186180171
Disposal group, including discontinued operation  1,034    
Other current assets513833332937
Other undisclosed current assets522854826910524842
Total current assets:3,9944,5953,1734,5213,2764,218
Noncurrent Assets
Operating lease, right-of-use asset276276275286273271
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization 21,34819,19119,147 19,153
Long-term investments and receivables4,7984,7925,0244,7514,5314,558
Long-term investments4,7984,7925,0244,7514,5314,558
Intangible asset, including goodwill, after accumulated amortization10,15210,1758,1428,1748,1638,196
Goodwill8,7558,7327,6457,6457,6457,645
Intangible asset, excluding goodwill, after accumulated amortization1,3971,443497529518551
Regulated entity, other noncurrent assets 179140143 129
Other noncurrent assets1,1251,0581,015998994984
Other undisclosed noncurrent assets22,66080488195220,2741,006
Total noncurrent assets:39,01138,63234,66834,45134,23534,297
TOTAL ASSETS:43,00543,22737,84138,97237,51138,515
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities362392411414442391
Accounts payable108131149145147120
Accrued liabilities254261262269295271
Debt1,5021,5011,5002,6971,6932,836
Disposal group, including discontinued operation  230    
Other undisclosed current liabilities1,3851,3791,1581,0581,1001,040
Total current liabilities:3,2493,5023,0694,1693,2354,267
Noncurrent Liabilities
Long-term debt and lease obligation, including:24,15124,14519,72519,72119,25519,250
Other undisclosed long-term debt and lease obligation24,15124,14519,72519,72119,25519,250
Liabilities, other than long-term debt336341526544534543
Deferred revenue119121308317317326
Operating lease, liability217220218227217217
Other undisclosed noncurrent liabilities741715472470477473
Total noncurrent liabilities:25,22825,20120,72320,73520,26620,266
Total liabilities:28,47728,70323,79224,90423,50124,533
Temporary equity, including noncontrolling interest     203203
Equity
Equity, attributable to parent5555(3)(3)
Accumulated other comprehensive income (loss)5555(3)(3)
Other undisclosed equity14,52314,51914,04414,06313,81013,782
Total equity:14,52814,52414,04914,06813,80713,779
TOTAL LIABILITIES AND EQUITY:43,00543,22737,84138,97237,51138,515

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
Revenues3,2523,6193,0033,1243,0632,972
Cost of revenue(1,828)(1,692)(1,603)(1,646)(1,616)(1,590)
Cost of product and service sold2,182(1,234)(1,125)(1,174)(324)(322)
Gross profit:1,4241,9271,4001,4781,4471,382
Operating expenses59(126)(107)(112)(104)(107)
Operating income:1,4831,8011,2931,3661,3431,275
Interest and debt expense(277)(243)(234)(229)(229)(226)
Income from continuing operations before income taxes:1,2061,5581,0591,1371,1141,049
Income tax expense(3)(3)(1)(1)(5)(2)
Net income:1,2031,5551,0581,1361,1091,047
Net loss attributable to noncontrolling interest(10)(10)(10)(10)(10)(10)
Net income attributable to parent:1,1931,5451,0481,1261,0991,037
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)    
Other undisclosed net loss available to common stockholders, basic     (8)(6)
Net income available to common stockholders, diluted:1,1921,5441,0481,1261,0911,031

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
Net income:1,2031,5551,0581,1361,1091,047
Other comprehensive income    8  
Comprehensive income:1,2031,5551,0581,1441,1091,047
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(10)(10)(10)(10)(10)
Comprehensive income, net of tax, attributable to parent:1,1931,5451,0481,1341,0991,037

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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