Saturday 17 October 2026 Export MPLX’s income statement to Excel — free account

MPLX LP

MPLX LP’s revenue for fiscal 2025 (year ended December 2025) was $13.0 billion, up 8.92% from fiscal 2024. In the quarter to June 2026, revenue grew 10.3%, EPS grew 2.91%, free cash flow fell 38.9% and total debt rose 20.8%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

58.16 1.04 +1.82%

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Market cap: $57.9B
P/E: 12.5×
Fwd P/E: 13.1×
Dividend yield: 7.40%
F-score: 7/9
Altman Z: n/a
Beneish M: −2.57
Dividend safety: 33/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 64.27%

Capital & Financial Ratios $m

Market Cap 57,910.00

Revenue 13,221.00

Net Income 4,767.00

Free Cash Flow 4,314.00

Net Debt 24,609.00

Current Ratio 0.89

Debt/Equity 1.80

P/E ratio 12.51

Fwd P/E 13.10

P/S ratio 4.47

P/B ratio 4.14

Past 5Y EPS Growth —

This Y EPS Growth (11.48%)

Next Y EPS Growth 12.42%

Next Y revenue growth 1.02%

Next 5Y EPS Growth 2.30%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 62.94%

10-year low 10-year high

P/S against its own 10 years 84.67%

10-year low 10-year high

P/B against its own 10 years 97.53%

10-year low 10-year high

EV/Sales against its own 10 years 83.38%

10-year low 10-year high

EV/FCF against its own 10 years 60.51%

10-year low 10-year high

Dividends

Payout Ratio 0.93

Annual Dividend Rate 4.31

Annual Dividend Yield 7.40%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	4.55	1.08 1.08 1.08
2025	3.95	0.96 0.96 0.96 1.08
2024	3.51	0.85 0.85 0.85 0.96
2023	3.18	0.78 0.78 0.78 0.85
2022	2.89	0.71 0.71 0.71 0.78
2021	2.06	0.69 0.69 0.69 0.58
2020	2.75	0.69 0.69 0.69 0.69
2019	2.65	0.65 0.66 0.67 0.68
2018	2.49	0.61 0.62 0.63 0.64
2017	2.21	0.52 0.54 0.56 0.59
2016	2.03	0.50 0.51 0.51 0.52

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,048	1,519	2,137	1,031
Receivables	823	718	735	672
Inventory	159	180	172	200
Other	778	859	950	973
	2,808	3,276	3,994	2,876

	2023	2024	2025	Q'26
Payables	153	147	108	155
ST’ Debt	1,135	1,693	1,502	1,251
Other	533	603	540	573
	2,624	3,235	3,249	3,224

Compound Annual Growth %

	10y	5y	3y
Sales	28.00%	11.42%	3.83%
Cash Flow	30.05%	5.50%	5.59%
Earnings	47.76%	0.00%	8.79%
Book Value	4.16%	2.22%	5.01%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,038	3,312	—	—	—
’25	3,124	3,003	3,619	3,252	12,998
’24	2,846	3,052	2,972	3,063	11,933
’23	2,713	2,690	2,912	2,966	11,281
’22	2,610	2,940	3,401	2,662	11,613
’21	2,339	2,395	2,559	2,734	10,027
’20	992	2,081	2,247	2,249	7,569

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,347	1,702	—	—	—
’25	1,246	1,736	1,431	1,496	5,909
’24	1,291	1,565	1,415	1,675	5,946
’23	1,227	1,437	1,244	1,489	5,397
’22	1,125	1,487	1,039	1,368	5,019
’21	1,124	1,365	1,182	1,240	4,911
’20	1,009	1,105	1,222	1,185	4,521

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	776	877	—	—	—
’25	980	1,435	905	1,756	5,076
’24	1,036	1,352	1,135	1,368	4,891
’23	1,058	1,192	1,021	1,215	4,486
’22	959	1,426	805	1,107	4,297
’21	1,068	1,260	1,046	1,134	4,508
’20	669	780	959	986	3,394

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.90	1.06	—	—	—
’25	1.10	1.03	1.52	1.17	4.82
’24	0.98	1.15	1.01	1.07	4.21
’23	0.91	0.91	0.89	1.10	3.80
’22	0.78	0.83	1.36	0.78	3.75
’21	0.68	0.66	0.74	0.78	2.86
’20	(2.60)	0.58	0.61	0.63	(0.80)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	16.34	30.88	28.32	22.60	6.87	21.66	27.47	32.25	36.58	44.60	Analyst estimates 2026–2028 Powerpack
	High	39.46	39.43	39.38	35.85	27.36	32.26	35.49	36.80	51.94	56.26
People
People	Employees	2,800	4,300	4,500	6,200	5,700	5,836	5,811	5,810	5,560	5,762
	Revenue/emp, $m	1.08	0.90	1.56	1.46	1.33	1.72	2.00	1.94	2.15	2.26
Income, $m
Income, $m	Revenue	3,029	3,867	7,005	9,041	7,569	10,027	11,613	11,281	11,933	12,998
	Gross margin, %	55.50	56.09	57.02	58.94	56.72	57.78	56.76	58.71	59.74	60.60
	EBT	422	837	2,014	1,462	(685)	3,113	3,986	3,977	4,367	4,960
	EBT margin, %	13.93	21.64	28.75	16.17	(9.05)	31.05	34.32	35.25	36.60	38.16
	Net income	434	836	2,006	1,462	(687)	3,112	3,978	3,966	4,357	4,952
	Depreciation	637	736	922	1,296	1,438	1,357	1,303	1,268	1,337	1,381
Per share, $
Per share, $	Revenue	9.15	10.04	9.21	9.98	7.20	9.76	11.50	11.27	11.75	12.76
	Earnings	0.00	1.07	2.29	1.00	(0.80)	2.86	3.75	3.80	4.21	4.82
	Cash flow	4.50	4.95	4.04	4.51	4.30	4.78	4.97	5.39	5.85	5.80
	Capex	(3.96)	(3.65)	(2.76)	(2.62)	(1.07)	(0.39)	(0.71)	(0.91)	(1.04)	(0.82)
	Free cash flow	0.54	1.31	1.27	1.88	3.23	4.39	4.25	4.48	4.81	4.98
	Book value	33.57	25.90	23.30	18.34	12.39	11.74	12.42	12.68	13.59	14.26
	Shares, m	331	385	761	906	1,051	1,027	1,010	1,001	1,016	1,019
Valuation, ×
Valuation, ×	P/E	0.00	34.00	13.17	21.22	0.00	10.35	8.69	9.62	11.37	11.07
	P/S	3.85	3.59	3.29	2.55	3.01	3.03	2.83	3.25	4.07	4.18
	P/B	1.05	1.39	1.30	1.44	1.83	2.66	2.76	2.89	3.52	3.74
	EV/Sales	5.23	5.38	5.84	4.73	5.67	4.88	4.52	4.97	5.70	5.99
	EV/FCF	88.49	41.38	42.26	25.10	12.63	10.86	12.21	12.50	13.91	15.35
Cash, $m
Cash, $m	Operating cash flow	1,491	1,907	3,071	4,082	4,521	4,911	5,019	5,397	5,946	5,909
	Capex	(1,312)	(1,404)	(2,103)	(2,378)	(1,127)	(403)	(722)	(911)	(1,055)	(833)
	Free cash flow	179	503	968	1,704	3,394	4,508	4,297	4,486	4,891	5,076
Balance, $m
Balance, $m	Working capital	105	(745)	(828)	(648)	(571)	(1,841)	(496)	184	41	745
	Total debt	4,422	6,945	17,922	19,713	20,139	18,571	19,796	20,431	20,948	25,653
	Net debt	4,188	6,940	17,845	19,698	20,124	18,558	19,558	19,383	19,429	23,516
	Shareholders’ equity	11,110	9,973	17,731	16,613	13,017	12,052	12,546	12,689	13,807	14,528
Returns, %
Returns, %	ROA	0.01	2.22	5.93	2.34	(2.19)	8.16	10.72	10.61	11.59	12.20
	ROIC	2.79	4.40	4.79	4.09	0.40	8.15	9.56	9.55	9.94	9.76
	ROE	0.01	3.90	12.58	5.54	(5.93)	24.62	32.64	31.10	32.38	34.67

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WMB Williams Companies, Inc. (The)	$84.7B	28.3×	30.7×	+9.78% (above 0%: growing)	+51.11% (above 0%: growing)	−195.82% (below 0%: shrinking)	83.33%	38.72%	Compare
EPD Enterprise Products Partners L.P.	$76.8B	12.8×	13.0×	+60.78% (above 0%: growing)	+27.27% (above 0%: growing)	+162.10% (above 0%: growing)	12.06%	12.31%	Compare
KMI Kinder Morgan, Inc.	$73.1B	21.9×	21.4×	+10.76% (above 0%: growing)	+21.88% (above 0%: growing)	−52.59% (below 0%: shrinking)	68.62%	30.06%	Compare
ET Energy Transfer LP	$68.5B	13.8×	13.1×	+78.43% (above 0%: growing)	+84.37% (above 0%: growing)	+146.15% (above 0%: growing)	21.55%	10.41%	Compare
TRP TC Energy Corporation	$62.2B	25.6×	24.9×	+5.59% (above 0%: growing)	+18.28% (above 0%: growing)	+24.24% (above 0%: growing)	70.23%	54.92%	Compare
TRGP Targa Resources, Inc.	$60.6B	28.0×	24.7×	+4.23% (above 0%: growing)	+22.92% (above 0%: growing)	+1,002.09% (above 0%: growing)	48.15%	27.80%	Compare
MPLX MPLX LP	$57.9B	12.5×	13.1×	+10.29% (above 0%: growing)	+2.91% (above 0%: growing)	−38.89% (below 0%: shrinking)	56.91%	41.61%
LNG Cheniere Energy, Inc.	$57.7B	21.4×	— (loss-making)	+23.51% (above 0%: growing)	+100.55% (above 0%: growing)	+452.21% (above 0%: growing)	83.04%	74.84%	Compare
OKE ONEOK, Inc.	$57.2B	16.1×	15.5×	+52.77% (above 0%: growing)	+14.18% (above 0%: growing)	+85.57% (above 0%: growing)	23.30%	13.22%	Compare
Median of peers	$65.3B	21.7×	21.4×	+17.14%	+25.10%	+115.86%	58.39%	28.93%

All 58 Oil & Gas Midstream stocks →

MPLX LP (MPLX) key facts

Strength: MPLX LP’s revenue for fiscal 2025 (year ended December 2025) was $13.0 billion, up 8.92% from fiscal 2024.
MPLX LP (MPLX) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, MPLX traded at $58.16, a market capitalization of $57.9 billion.
MPLX LP pays an annual dividend of $4.31 per share, a yield of 7.40%, with a payout ratio of 92.6%.
Return on equity was 34.7% and debt-to-equity 1.80.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.