The Filings Report

MPLX LP

MPLXNYSECIK 1552000Energy / Oil & Gas Midstreamfiscal year ends December55 quarters since 2012

Revenue, Q2 FY2026
$3.3B
+10.3% on Q2 FY2025
Net income
—
no year-earlier figure
Free cash flow
$877M
−38.9% on Q2 FY2025
Diluted EPS
—
not filed for a derived quarter
Revenue, TTM
$13.2B
trailing four quarters
Net margin, TTM
—
net income —
Free cash flow, TTM
$3.3B
$6.0B less $2.6B capex
Cash and equivalents
$1.0B
long-term debt —, Jun 30, 2026
Shares, 12-month change
−0.5%
1.01B shares, Jun 30, 2026
Buybacks, TTM
$300M
0.5% of market value
Dividends, TTM
—
no yield
Market value
$61.0B
at the close, buybacks

Latest quarter Q2 FY2026, filed August 4, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended June 30, 2026, MPLX LP reported revenue of $3.3B, +10.3% on Q2 FY2025. Operating margin was 41.6%. Free cash flow, operating cash flow less capital expenditures, was $877M ($1.7B less $825M).

The last 16 quarters

Q3 FY2022 to Q2 FY2026, through the filing of August 4, 2026.

Revenue and net incomeRevenueNet income
$0$1B$2B$3B$4BQ3'22, Revenue: $3.4BQ3'22, Net income: $1.4BQ3'22Q4'22, Revenue: $2.7BQ4'22, Net income: $816MQ4'22Q1'23, Revenue: $2.7BQ1'23, Net income: $943MQ1'23Q2'23, Revenue: $2.7BQ2'23, Net income: $933MQ2'23Q3'23, Revenue: $2.9BQ3'23, Net income: $918MQ3'23Q4'23, Revenue: $3.0BQ4'23, Net income: $1.1BQ4'23Q1'24, Revenue: $2.8BQ1'24Q2'24, Revenue: $3.1BQ2'24Q3'24, Revenue: $3.0BQ3'24Q4'24, Revenue: $3.1BQ4'24Q1'25, Revenue: $3.1BQ1'25Q2'25, Revenue: $3.0BQ2'25Q3'25, Revenue: $3.6BQ3'25Q4'25, Revenue: $3.3BQ4'25Q1'26, Revenue: $3.0BQ1'26Q2'26, Revenue: $3.3BQ2'26$0$1B$2B$3B$4BQ3'22, Revenue: $3.4BQ3'22, Net income: $1.4BQ4'22, Revenue: $2.7BQ4'22, Net income: $816MQ4'22Q1'23, Revenue: $2.7BQ1'23, Net income: $943MQ2'23, Revenue: $2.7BQ2'23, Net income: $933MQ2'23Q3'23, Revenue: $2.9BQ3'23, Net income: $918MQ4'23, Revenue: $3.0BQ4'23, Net income: $1.1BQ4'23Q1'24, Revenue: $2.8BQ2'24, Revenue: $3.1BQ2'24Q3'24, Revenue: $3.0BQ4'24, Revenue: $3.1BQ4'24Q1'25, Revenue: $3.1BQ2'25, Revenue: $3.0BQ2'25Q3'25, Revenue: $3.6BQ4'25, Revenue: $3.3BQ4'25Q1'26, Revenue: $3.0BQ2'26, Revenue: $3.3BQ2'26

Net income losses drawn in red.

Free cash flow
$0$500M$1.0B$1.5BQ3'22, Free cash flow: $798MQ3'22Q4'22, Free cash flow: $1.1BQ4'22Q1'23, Free cash flow: $1.1BQ1'23Q2'23, Free cash flow: $1.2BQ2'23Q3'23, Free cash flow: $1.0BQ3'23Q4'23, Free cash flow: $1.2BQ4'23Q1'24, Free cash flow: $1.0BQ1'24Q2'24, Free cash flow: $1.4BQ2'24Q3'24, Free cash flow: $1.1BQ3'24Q4'24, Free cash flow: $1.4BQ4'24Q1'25, Free cash flow: $979MQ1'25Q2'25, Free cash flow: $1.4BQ2'25Q3'25, Free cash flow: $905MQ3'25Q4'25, Free cash flow: $782MQ4'25Q1'26, Free cash flow: $772MQ1'26Q2'26, Free cash flow: $877MQ2'26$0$500M$1.0B$1.5BQ3'22, Free cash flow: $798MQ4'22, Free cash flow: $1.1BQ4'22Q1'23, Free cash flow: $1.1BQ2'23, Free cash flow: $1.2BQ2'23Q3'23, Free cash flow: $1.0BQ4'23, Free cash flow: $1.2BQ4'23Q1'24, Free cash flow: $1.0BQ2'24, Free cash flow: $1.4BQ2'24Q3'24, Free cash flow: $1.1BQ4'24, Free cash flow: $1.4BQ4'24Q1'25, Free cash flow: $979MQ2'25, Free cash flow: $1.4BQ2'25Q3'25, Free cash flow: $905MQ4'25, Free cash flow: $782MQ4'25Q1'26, Free cash flow: $772MQ2'26, Free cash flow: $877MQ2'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$1B$2B$3BQ3'22, Cash and equivalents: $121MQ3'22Q4'22, Cash and equivalents: $238MQ4'22Q1'23, Cash and equivalents: $393MQ1'23Q2'23, Cash and equivalents: $755MQ2'23Q3'23, Cash and equivalents: $960MQ3'23Q4'23, Cash and equivalents: $1.0BQ4'23Q1'24, Cash and equivalents: $385MQ1'24Q2'24, Cash and equivalents: $2.5BQ2'24Q3'24, Cash and equivalents: $2.4BQ3'24Q4'24, Cash and equivalents: $1.5BQ4'24Q1'25, Cash and equivalents: $2.5BQ1'25Q2'25, Cash and equivalents: $1.4BQ2'25Q3'25, Cash and equivalents: $1.8BQ3'25Q4'25, Cash and equivalents: $2.1BQ4'25Q1'26, Cash and equivalents: $1.5BQ1'26Q2'26, Cash and equivalents: $1.0BQ2'26$0$1B$2B$3BQ3'22, Cash and equivalents: $121MQ4'22, Cash and equivalents: $238MQ4'22Q1'23, Cash and equivalents: $393MQ2'23, Cash and equivalents: $755MQ2'23Q3'23, Cash and equivalents: $960MQ4'23, Cash and equivalents: $1.0BQ4'23Q1'24, Cash and equivalents: $385MQ2'24, Cash and equivalents: $2.5BQ2'24Q3'24, Cash and equivalents: $2.4BQ4'24, Cash and equivalents: $1.5BQ4'24Q1'25, Cash and equivalents: $2.5BQ2'25, Cash and equivalents: $1.4BQ2'25Q3'25, Cash and equivalents: $1.8BQ4'25, Cash and equivalents: $2.1BQ4'25Q1'26, Cash and equivalents: $1.5BQ2'26, Cash and equivalents: $1.0BQ2'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 4, 2026.

MPLX LP income statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 4, 2026Q1 FY2026ended Mar 31, 2026filed May 5, 2026Q4 FY2025ended Dec 31, 2025filed Feb 26, 2026Q3 FY2025ended Sep 30, 2025filed Nov 4, 2025Q2 FY2025ended Jun 30, 2025filed Aug 5, 2025Q1 FY2025ended Mar 31, 2025filed May 6, 2025Q4 FY2024ended Dec 31, 2024filed Feb 27, 2025Q3 FY2024ended Sep 30, 2024filed Nov 5, 2024YoYQ2 FY2026vs Q2 FY2025
Revenue3,3123,0383,2523,6193,0033,1243,0632,972+10.3%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative108114101126107112104107+0.9%
Operating income1,3781,2141,4831,8011,2931,3661,3431,275+6.6%
Other income (expense)—————————
Pretax income1,0899231,2061,5581,0591,1371,1141,049+2.8%
Income tax21—31152+100.0%
Net income—————————
Diluted EPS ($)—————————
Diluted shares (millions)—————————

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 4, 2026.

MPLX LP balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 4, 2026Q1 FY2026ended Mar 31, 2026filed May 5, 2026Q4 FY2025ended Dec 31, 2025filed Feb 26, 2026Q3 FY2025ended Sep 30, 2025filed Nov 4, 2025Q2 FY2025ended Jun 30, 2025filed Aug 5, 2025Q1 FY2025ended Mar 31, 2025filed May 6, 2025Q4 FY2024ended Dec 31, 2024filed Feb 27, 2025Q3 FY2024ended Sep 30, 2024filed Nov 5, 2024YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents1,0311,5062,1371,7651,3862,5341,5192,426−25.6%
Short-term investments—————————
Total current assets2,8763,5223,9944,5953,1734,5213,2764,218−9.4%
Total assets42,96942,93343,00543,22737,84138,97237,51138,515+13.6%
Total current liabilities3,2243,1923,2493,5023,0694,1693,2354,267+5.1%
Long-term debt—————————
Total liabilities28,71728,63628,47728,70323,79224,90423,50124,533+20.7%
Stockholders’ equity—————————
Shares outstanding (millions)1,0141,0151,0151,0171,0191,0211,0231,019—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 4, 2026.

MPLX LP cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 4, 2026Q1 FY2026ended Mar 31, 2026filed May 5, 2026Q4 FY2025ended Dec 31, 2025filed Feb 26, 2026Q3 FY2025ended Sep 30, 2025filed Nov 4, 2025Q2 FY2025ended Jun 30, 2025filed Aug 5, 2025Q1 FY2025ended Mar 31, 2025filed May 6, 2025Q4 FY2024ended Dec 31, 2024filed Feb 27, 2025Q3 FY2024ended Sep 30, 2024filed Nov 5, 2024YoYQ2 FY2026vs Q2 FY2025
Operating cash flow1,7021,3471,4961,4311,7361,2461,6751,415−2.0%
Capital expenditures825575714526301267308280+174.1%
Free cash flow (CFO − capex)8777727829051,4359791,3671,135−38.9%
Depreciation and amortization—————————
Share repurchases505010010010010010076−50.0%
Dividends paid—————————

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 26, 2026.

Income statement

MPLX LP income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 26, 2026FY2024ended Dec 31, 2024filed Feb 27, 2025FY2023ended Dec 31, 2023filed Feb 28, 2024FY2022ended Dec 31, 2022filed Feb 23, 2023FY2021ended Dec 31, 2021filed Feb 24, 2022FY2020ended Dec 31, 2020filed Feb 26, 2021FY2019ended Dec 31, 2019filed Feb 28, 2020FY2018ended Dec 31, 2018filed Feb 28, 2019FY2017ended Dec 31, 2017filed Feb 28, 2018FY2016ended Dec 31, 2016filed Feb 24, 2017FY2015ended Dec 31, 2015filed Feb 26, 2016FY2014ended Dec 31, 2014filed Feb 27, 2015FY2013ended Dec 31, 2013filed Feb 28, 2014FY2012ended Dec 31, 2012filed May 9, 2013
Revenue12,99811,93311,28111,61310,0277,5699,0417,0053,8673,0291,101793486—
Cost of revenue——————————————
Gross profit——————————————
Research and development——————————————
Selling, general and administrative4464273793353533783883162412271258153—
Operating income5,9435,2884,9004,9113,992211————————
Other income (expense)————(86)(62)(53)(119)(56)(50)(12)(1)(1)—
Pretax income4,9604,3673,9773,9863,113(685)1,4622,014837422334240146—
Income tax—1011812081(12)110—
Net income——3,9283,9443,077(720)1,0331,8187942331561217813
Diluted EPS ($)——————————————
Diluted shares (millions)——————————————

Balance sheet

MPLX LP balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 26, 2026FY2024ended Dec 31, 2024filed Feb 27, 2025FY2023ended Dec 31, 2023filed Feb 28, 2024FY2022ended Dec 31, 2022filed Feb 23, 2023FY2021ended Dec 31, 2021filed Feb 24, 2022FY2020ended Dec 31, 2020filed Feb 26, 2021FY2019ended Dec 31, 2019filed Feb 28, 2020FY2018ended Dec 31, 2018filed Feb 28, 2019FY2017ended Dec 31, 2017filed Feb 28, 2018FY2016ended Dec 31, 2016filed Feb 24, 2017FY2015ended Dec 31, 2015filed Feb 26, 2016FY2014ended Dec 31, 2014filed Feb 27, 2015FY2013ended Dec 31, 2013filed Feb 28, 2014FY2012ended Dec 31, 2012filed May 9, 2013
Cash and equivalents2,1371,5191,048238131515775234432754217
Short-term investments——————————————
Total current assets3,9943,2762,8081,9051,5071,5151,4841,44055986857697135284
Total assets43,00537,51136,52935,66535,50736,41440,43039,32519,50017,50916,1041,2141,2091,301
Total current liabilities3,2493,2352,6242,4013,3482,0862,1322,2681,3047636251018363
Long-term debt——————————————
Total liabilities28,47723,50122,94522,15122,49022,42922,84920,5908,5275,3996,4377519475
Stockholders’ equity——————————9,2544631,1141,227
Shares outstanding (millions)1,0151,0231,0111,0011,0151,0371,058———————

Cash flow statement

MPLX LP cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 26, 2026FY2024ended Dec 31, 2024filed Feb 27, 2025FY2023ended Dec 31, 2023filed Feb 28, 2024FY2022ended Dec 31, 2022filed Feb 23, 2023FY2021ended Dec 31, 2021filed Feb 24, 2022FY2020ended Dec 31, 2020filed Feb 26, 2021FY2019ended Dec 31, 2019filed Feb 28, 2020FY2018ended Dec 31, 2018filed Feb 28, 2019FY2017ended Dec 31, 2017filed Feb 28, 2018FY2016ended Dec 31, 2016filed Feb 24, 2017FY2015ended Dec 31, 2015filed Feb 26, 2016FY2014ended Dec 31, 2014filed Feb 27, 2015FY2013ended Dec 31, 2013filed Feb 28, 2014FY2012ended Dec 31, 2012filed May 9, 2013
Operating cash flow5,9095,9465,3975,0194,9114,5214,0823,0711,9071,491427334212—
Capital expenditures1,8081,0569378065291,1832,4082,1111,4111,313334141107—
Free cash flow (CFO − capex)4,1014,8904,4604,2134,3823,3381,67496049617893193105—
Depreciation and amortization——————————————
Share repurchases40032604916303300——————
Dividends paid——————————————

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$0
0 sales by 0 insiders; officers and directors $0

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Aug 14, 2026Peiffer Garry L.Directoraward1,232$0.00—69,313Aug 18, 2026
Aug 14, 2026Walker Ray N JRDirectoraward82$0.00—4,609Aug 18, 2026
Aug 14, 2026Surma John PDirectoraward1,563$0.00—95,448Aug 18, 2026
Aug 14, 2026Stice J MichaelDirectoraward983$0.00—58,413Aug 18, 2026
Aug 14, 2026Semple Frank MDirectoraward1,073$0.00—63,476Aug 18, 2026
Aug 14, 2026Helms Christopher ADirectoraward1,337$0.00—86,208Aug 18, 2026
Aug 14, 2026Breves Christine SDirectoraward219$0.00—15,038Aug 18, 2026
May 15, 2026Walker Ray N JRDirectoraward78$0.00—4,069May 19, 2026
May 15, 2026Surma John PDirectoraward1,656$0.00—93,426May 19, 2026
May 15, 2026Stice J MichaelDirectoraward1,098$0.00—56,973May 19, 2026
May 15, 2026Semple Frank MDirectoraward1,194$0.00—61,946May 19, 2026
May 15, 2026Peiffer Garry L.Directoraward1,304$0.00—67,623May 19, 2026
May 15, 2026Helms Christopher ADirectoraward1,415$0.00—84,413May 19, 2026
May 15, 2026Breves Christine SDirectoraward277$0.00—14,361May 19, 2026
Apr 30, 2026Walker Ray N JRDirectoraward2,696$0.00—4,440Aug 5, 2026
Apr 30, 2026Surma John PDirectoraward3,029$0.00—92,219Aug 5, 2026
Apr 30, 2026Stice J MichaelDirectoraward3,029$0.00—56,324Aug 5, 2026
Apr 30, 2026Semple Frank MDirectoraward3,029$0.00—61,201Aug 5, 2026
Apr 30, 2026Peiffer Garry L.Directoraward2,696$0.00—66,769Aug 5, 2026
Apr 30, 2026Helms Christopher ADirectoraward2,696$0.00—83,447Aug 5, 2026
Apr 30, 2026Breves Christine SDirectoraward2,696$0.00—14,534Aug 5, 2026
Apr 30, 2026Walker Ray N JRDirectoraward2,247$0.00—3,991May 4, 2026
Apr 30, 2026Surma John PDirectoraward2,580$0.00—91,770May 4, 2026
Apr 30, 2026Stice J MichaelDirectoraward2,580$0.00—55,875May 4, 2026
Apr 30, 2026Semple Frank MDirectoraward2,580$0.00—60,752May 4, 2026

Full insider history for MPLX LP, or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held MPLX in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded MPLX by quarter.

FundManagerQuarterValueSharesWeightMove
Appaloosa ManagementDavid TepperQ2 2026$28M502,4600.37%held

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
MPLX LP, CIK 1552000 on EDGAR
Extract generated
November 1, 2026
Withheld
2 line-years whose four quarters do not sum to the filed year: revenue FY2014, revenue FY2015
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: not filed
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): not filed
Diluted shares (millions): not filed

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: not filed
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: not filed
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: not filed

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/MPLX.json