MPLX LP (MPLX) Financial Statements
Historical financial data — 41 statements covering FY2016–FY2025
MPLX is a partnership that owns pipelines and gathering and processing assets with extensive holdings in the Appalachian and Permian regions. The asset base is made up of crude oil and refined prod...
MPLX LP's revenue increased 8.9% year over year, from $11.93B to $13.00B.
Net income increased 13.7% over the same period, from $4.36B to $4.95B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 402% in total.
Total debt increased by 22.5% to $25.65B.
The debt-to-equity ratio stands at 1.77, indicating a elevated leverage profile.
Operating cash flow declined 0.6% to $5.91B.
MPLX LP maintains a strong net profit margin of 38.1%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $2.97B-2.6% | $1.05B | $2.57B | $1.27B | $1.42B | $38.52B | $22.09B | $13.98B |
| Q4 FY2024 | $3.06B+3.1% | $1.11B | $2.66B | $1.34B | $1.68B | $37.51B | $20.95B | $14.01B |
| Q1 FY2025 | $3.12B+2.0% | $1.14B | $1.37B | $1.37B | $1.25B | $38.97B | $22.42B | $14.07B |
| Q2 FY2025 | $3.00B-3.9% | $1.06B | $1.29B | $1.29B | $1.74B | $37.84B | $21.23B | $14.05B |
| Q3 FY2025 | $3.62B+20.5% | $1.55B | $1.80B | $1.80B | $1.43B | $43.23B | $25.65B | $14.52B |
| Q4 FY2025 | $3.25B-10.1% | $1.20B | $6.98B | $1.48B | $1.50B | $43.01B | $25.65B | $14.53B |
| Q1 FY2026 | $3.04B-6.6% | $922.0M | $1.21B | $1.21B | $1.35B | $42.93B | $26.13B | $14.30B |
| Q2 FY2026 | $3.31B+9.0% | $1.09B | $1.38B | $1.38B | $1.70B | $42.97B | $26.13B | $14.25B |
Balance Sheet Summary (Q2 FY2026)
MPLX LP (MPLX) Financial Statements & Revenue History
MPLX LP (MPLX) is a US-listed stock operating in the Industrials sector, specifically the Pipe Lines (No Natural Gas) industry trading at $57.90 with a market capitalization of $59. This page provides 41 historical financial statements for MPLX LP, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, MPLX LP reported revenue of $13.0 billion, representing 8.9% year-over-year growth. The net profit margin of 38.1% reflects strong profitability. The debt-to-equity ratio of 1.77 indicates elevated leverage.
MPLX Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows MPLX LP's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether MPLX is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track MPLX's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently MPLX LP converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of MPLX's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use MPLX Financial Data
Investors use MPLX LP's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare MPLX's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how MPLX's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View MPLX's financial health score, earnings, and pre-market pricing.
Financial data is sourced from MPLX LP's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.MPLX trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.