MPLX LP

NYSE-MPLX

OverviewFinancialsInvestor RelationsResearchEstimatesNewsOwnershipIndustryDividendsModelingFilings

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	11,632	11,131	10,681	11,137	9,706	8,505	8,751	6,758	3,789	3,103	1,098
Total Revenues %Chg	5.3%	4.2%	-4.1%	14.7%	14.1%	-2.8%	29.5%	78.4%	22.1%	182.6%	38.5%
Service Revenue
Service Revenue to Related Parties
Service Revenue - Related Parties
Service Revenue - Product Related
Rental Income
Rental Income - Related Parties
Product Sales
Product Sales - Related Parties
Sales-Type Lease Revenue
Sales-Type Lease Revenue - Related Parties
Operating Revenue
Operating Revenue - Related Parties
Other Income
Other Income - Related Parties
Cost of Sales	5,104	4,804	4,658	5,022	4,233	3,276	3,712	3,011	1,698	1,348	451
Cost of Revenues
Purchased Product Costs
Purchases from Related Parties
Rental Cost of Sales
Rental Cost of Sales - Related Parties
Purchases - Related Parties
Gross Profit	6,528	6,327	6,023	6,115	5,473	5,229	5,039	3,747	2,091	1,755	647
Gross Profit Margin	56.1%	56.8%	56.4%	54.9%	56.4%	61.5%	57.6%	55.4%	55.2%	56.6%	58.9%
Selling, General & Administrative Expenses	449	427	379	335	353	378	388	316	241	227	125
General and Administrative Expenses
Depreciation & Amortization Expenses	1,320	1,283	1,213	1,230	1,287	1,377	1,254	867	683	591	129
Depreciation and Amortization
Other Operating Expenses	133	131	131	115	162	2,327	1,310	83	54	180	15
Impairment Expense
Restructuring Expenses
Other Taxes
Operating Profit	4,626	4,486	4,300	4,435	3,671	1,147	2,087	2,481	1,113	757	378
Operating Margin	39.8%	40.3%	40.3%	39.8%	37.8%	13.5%	23.8%	36.7%	29.4%	24.4%	34.4%
Interest and Investment Income	713	802	600	476	321	-936	290	247	78	-74	3
Income from Equity Method Investments
Related Party Interest and Other Financial Income
Interest and Other Financial Income
Interest Expense	—	—	—	—	-879	-896	-915	-714	-354	-261	-47
Related-Party Interest and Other Financial Costs
Interest Expense, Net of Amounts Capitalized
Other Financial Costs, Net
Non-Operating Income	—	—	—	—	—	—	—	—	—	—	—
Gain on Sale of Assets
Total Non-Operating Income	713	802	600	476	-558	-1,832	-625	-467	-276	-335	-44
Income Before Provision for Income Taxes	4,868	4,367	3,977	3,986	3,113	-685	1,462	2,014	837	422	334
Income Before Income Taxes
Provision for Income Taxes	10	10	11	8	1	2	—	8	1	-12	1
Provision for Income Taxes
Consolidated Net Income	4,858	4,357	3,966	3,978	3,112	-687	1,462	2,006	836	434	333
Net Income
Net Income Attributable to Minority Interests and Other	40	40	38	34	35	33	429	188	360	392	234
Less: Net Income Attributable to Noncontrolling Interests
Less: Net Income Attributable to Predecessor
Less: General Partner's Interest in Net Income Attributable to MPLX LP
Net Income Attributable to Preferred Dividends	6	27	99	129	141	122	98	75	65	41	—
Less: Series a Preferred Unitholders' Interest in Net Income
Less: Series B Preferred Unitholders' Interest in Net Income
Net Income Attributable to Common Shareholders	4,812	4,290	3,829	3,815	2,936	-842	935	1,743	411	1	99
Limited Partners' Interest in Net Income Attributable to MPLX LP
Basic EPS	4.7	4.2	3.8	3.8	2.9	-0.8	1	2.3	1.1	—	1.2
Diluted EPS	4.7	4.2	3.8	3.8	2.9	-0.8	1	2.3	1.1	—	1.2
Basic Weighted Average Shares Outstanding	1,019.3	1,016	1,001	1,010	1,027.4	1,051.9	911.6	761	393	228	109.7
Total Shares Outstanding	17.1	1,017	1,003	1,001	1,016	1,038	1,058	794.1	415.4	368.4	312.5
Diluted Weighted Average Shares Outstanding	1,019.8	1,017	1,002	1,010	1,027.4	1,051.9	911.6	761	396	228	109.7
EBITDA	5,982	5,823	5,568	5,738	5,028	2,585	3,383	3,403	1,849	1,394	512
Effective Tax Rate	0.2%	0.2%	0.3%	0.2%	0%	-0.3%	—	0.4%	0.1%	-2.8%	0.3%