MPLX LP

MPLX Energy Oil & Gas Midstream

MPLX LP’s revenue for fiscal 2025 (year ended December 2025) was $13.0 billion, up 8.92% from fiscal 2024.

Revenue
−0.39%
EPS
−23.8%
Free cash flow
−23.8%
Total debt
+3.75%

Quarter to September 2026, against a year earlier

56.63 0.38 +0.68%
Market cap
$57.3B
P/E
13.2×
Fwd P/E
14.0×
Dividend yield
9.74%
F-score
7/9
Altman Z
n/a
Beneish M
−2.57
Dividend safety
33/100

MPLX LP (MPLX) Free cash flow

Alert me on Free cash flow

MPLX LP's free cash flow for fiscal 2025 was $5.1B, unchanged from fiscal 2024. Over the twelve months to 30 September 2026 it was $4.1B. Over the past ten years it has ranged from $93.0M (fiscal 2015) to $5.1B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 3 consecutive fiscal years. MPLX LP ranks 3rd of 56 Oil & Gas Midstream companies by free cash flow.

Free cash flow, annual

Embed this chart

Annual newest first

Period Free cash flow Change
FY2025 $5.1B 3.78%
FY2024 $4.9B 9.03%
FY2023 $4.5B 4.40%
FY2022 $4.3B (4.68%)
FY2021 $4.5B 32.82%
FY2020 $3.4B 99.18%
FY2019 $1.7B 76.03%
FY2018 $968.0M 92.45%
FY2017 $503.0M 181.01%
FY2016 $179.0M 92.47%

Quarterly newest first

Period Free cash flow Change
Sep 2026 $690.0M (21.32%)
Jun 2026 $877.0M 13.02%
Mar 2026 $776.0M (55.81%)
Dec 2025 $1.8B 94.03%
43 more quarters

Against its own ten years

Low $93.0M High $5.1B
Ten-year median $3.4B
Current reading's percentile 100

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)

The full definition of Free cash flow →

More on MPLX