Mplx (MPLX) Financials

$51.07 +0.16 (+0.31%)

Closing price 03:59 PM Eastern

Extended Trading

$51.04 -0.03 (-0.07%)

As of 05:24 PM Eastern

Annual Income Statements for Mplx

This table shows Mplx's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	4,290	3,829	3,815	3,077	-206	935	1,743	1,047	658	156
Consolidated Net Income / (Loss)	4,357	3,966	3,978	3,112	-687	1,462	2,006	836	900	333
Net Income / (Loss) Continuing Operations	4,357	3,966	3,978	3,112	-51	1,462	2,006	836	900	333
Total Pre-Tax Income	4,367	3,977	3,986	3,113	-685	1,462	2,014	837	422	334
Total Operating Income	5,288	4,900	4,911	3,992	211	2,377	2,728	1,191	916	381
Total Gross Profit	7,129	6,623	6,591	5,794	7,276	5,329	4,129	2,169	1,914	650
Total Revenue	11,933	11,281	11,613	10,027	9,141	9,041	7,005	3,867	3,029	1,101
Operating Revenue	11,933	11,281	11,613	10,027	9,141	9,041	6,998	3,867	3,029	1,101
Total Cost of Revenue	4,804	4,658	5,022	4,233	1,865	3,712	2,876	1,698	1,115	451
Operating Cost of Revenue	4,804	4,658	5,022	4,233	1,865	3,712	2,876	1,698	1,115	451
Total Operating Expenses	1,841	1,723	1,680	1,802	5,493	2,952	1,401	978	998	269
Selling, General & Admin Expense	427	379	335	353	378	388	316	241	227	125
Depreciation Expense	1,283	1,213	1,230	1,287	1,377	1,254	867	683	591	129
Other Operating Expenses / (Income)	131	131	115	120	1,536	113	218	54	50	15
Total Other Income / (Expense), net	-921	-923	-925	-879	-1,832	-915	-714	-354	-28	-47
Interest Expense	921	923	925	793	896	862	595	298	211	35
Income Tax Expense	10	11	8.00	1.00	2.00	0.00	8.00	1.00	-12	1.00
Preferred Stock Dividends Declared	27	99	129	141	122	98	75	65	41	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	40	38	34	35	33	28	16	6.00	2.00	1.00
Basic Earnings per Share	$4.21	$3.80	$3.75	$2.86	($0.80)	$1.00	$2.29	$1.07	$0.00	$1.34
Weighted Average Basic Shares Outstanding	1.02B	1.00B	1.01B	1.03B	1.05B	906M	1.52B	786M	676M	99M
Diluted Earnings per Share	$4.21	$3.80	$3.75	$2.86	($0.80)	$1.00	$2.29	$1.06	$0.00	$1.33
Weighted Average Diluted Shares Outstanding	1.02B	1.00B	1.01B	1.03B	1.05B	907M	1.52B	792M	690M	100M
Weighted Average Basic & Diluted Shares Outstanding	1.02B	1.00B	1.01B	1.03B	1.05B	906M	761M	393M	338M	99M
Cash Dividends to Common per Share	$3.61	$3.25	$2.96	$3.36	$2.75	-	-	-	-	-

This table shows Mplx's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	1,126	1,093	1,031	1,171	995	1,111	893	910	915	783	1,395
Consolidated Net Income / (Loss)	1,136	1,109	1,047	1,186	1,015	1,144	928	942	952	824	1,437
Net Income / (Loss) Continuing Operations	1,136	1,109	1,047	1,186	1,015	1,144	928	942	952	824	1,437
Total Pre-Tax Income	1,137	1,114	1,049	1,188	1,016	1,153	929	942	953	826	1,438
Total Operating Income	1,366	1,343	1,275	1,419	1,251	1,375	1,154	1,175	1,196	1,060	1,674
Total Gross Profit	2,226	667	1,736	2,643	2,083	737	1,601	2,313	1,972	436	2,458
Total Revenue	3,124	3,063	2,972	3,052	2,846	2,966	2,912	2,690	2,713	2,662	3,401
Operating Revenue	3,124	3,063	2,972	3,052	2,846	2,966	2,912	2,690	2,713	2,662	3,401
Total Cost of Revenue	898	2,396	1,236	409	763	2,229	1,311	377	741	2,226	943
Operating Cost of Revenue	898	2,396	1,236	409	763	2,229	1,311	377	741	2,226	943
Total Operating Expenses	860	-676	461	1,224	832	-638	447	1,138	776	-624	784
Selling, General & Admin Expense	112	104	107	107	109	99	102	89	89	87	88
Depreciation Expense	326	324	322	320	317	306	301	310	296	305	302
Other Operating Expenses / (Income)	422	-1,104	32	797	406	-1,043	44	739	391	-1,016	394
Total Other Income / (Expense), net	-229	-229	-226	-231	-235	-222	-225	-233	-243	-234	-236
Interest Expense	229	229	226	231	235	222	225	233	243	253	217
Income Tax Expense	1.00	5.00	2.00	2.00	1.00	9.00	1.00	0.00	1.00	2.00	1.00
Preferred Stock Dividends Declared	0.00	6.00	6.00	5.00	10	23	25	23	28	33	33
Net Income / (Loss) Attributable to Noncontrolling Interest	10	10	10	10	10	10	10	9.00	9.00	8.00	9.00
Basic Earnings per Share	$1.10	$1.07	$1.01	$1.15	$0.98	$1.09	$0.89	$0.91	$0.91	$0.78	$1.36
Weighted Average Basic Shares Outstanding	1.02B	1.02B	1.02B	1.02B	1.01B	1.00B	1.00B	1.00B	1.00B	1.01B	1.01B
Diluted Earnings per Share	$1.10	$1.07	$1.01	$1.15	$0.98	$1.09	$0.89	$0.91	$0.91	$0.78	$1.36
Weighted Average Diluted Shares Outstanding	1.02B	1.02B	1.02B	1.02B	1.01B	1.00B	1.00B	1.00B	1.00B	1.01B	1.01B
Weighted Average Basic & Diluted Shares Outstanding	1.02B	1.02B	1.02B	1.02B	1.01B	1.00B	1.00B	1.00B	1.00B	1.01B	1.01B
Cash Dividends to Common per Share	$0.96	-	$0.96	$0.85	$0.85	-	$0.85	$0.78	$0.78	-	$0.78

This table details how cash moves in and out of Mplx's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	471	810	225	-2.00	0.00	-70	76	-230	187	16
Net Cash From Operating Activities	5,946	5,397	5,019	4,911	4,521	4,082	3,071	1,907	1,491	427
Net Cash From Continuing Operating Activities	5,966	5,397	5,019	4,911	4,521	4,082	3,071	1,907	1,491	427
Net Income / (Loss) Continuing Operations	4,357	3,966	3,978	3,112	-687	1,462	2,006	836	434	333
Consolidated Net Income / (Loss)	4,357	3,966	3,978	3,112	-687	1,462	2,006	836	434	333
Depreciation Expense	1,283	1,213	1,230	1,287	1,377	1,254	867	683	591	129
Amortization Expense	54	55	73	70	61	42	55	53	46	5.00
Non-Cash Adjustments To Reconcile Net Income	27	30	-373	216	3,564	1,425	161	161	345	11
Changes in Operating Assets and Liabilities, net	245	133	111	226	206	-101	-18	174	75	-51
Net Cash From Investing Activities	-1,995	-1,252	-956	-518	-1,262	-3,063	-2,878	-2,308	-1,417	-1,686
Net Cash From Continuing Investing Activities	-1,995	-1,252	-956	-518	-1,262	-3,063	-2,878	-2,308	-1,417	-1,686
Purchase of Property, Plant & Equipment	-1,056	-937	-806	-529	-1,183	-2,408	-2,111	-1,411	-1,313	-334
Acquisitions	-1,086	-344	-245	-151	-266	-713	-792	-1,010	-87	-1,232
Sale of Property, Plant & Equipment	1.00	26	84	126	56	30	8.00	7.00	1.00	0.00
Sale and/or Maturity of Investments	146	3.00	11	36	123	18	16	106	0.00	0.00
Net Cash From Financing Activities	-3,480	-3,335	-3,838	-4,395	-3,259	-1,089	-117	171	113	1,275
Net Cash From Continuing Financing Activities	-3,480	-3,335	-3,838	-4,395	-3,259	-1,089	-117	171	113	1,275
Repayment of Debt	-1,172	-1,018	-6,674	-12,866	-7,043	-7,363	-11,369	-2,440	-3,858	-1,746
Repurchase of Preferred Equity	0.00	-600	0.00	0.00	-	-	-	-	-	-
Repurchase of Common Equity	-326	0.00	-491	-630	-33	0.00	0.00	-	-	-
Payment of Dividends	-3,647	-3,337	-3,085	-3,612	-3,043	-3,069	-1,907	-1,192	-873	-159
Issuance of Debt	1,630	1,589	6,368	12,668	6,810	9,174	17,457	5,280	2,966	1,960
Other Financing Activities, net	35	31	44	45	50	74	-4,309	-2,089	96	-11

This table details how cash moves in and out of Mplx's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	1,015	-907	-75	2,116	-663	88	205	362	155	117	-177
Net Cash From Operating Activities	1,246	1,675	1,415	1,565	1,291	1,489	1,244	1,437	1,227	1,368	1,039
Net Cash From Continuing Operating Activities	1,246	1,675	1,415	1,585	1,291	1,489	1,244	1,437	1,227	1,368	1,039
Net Income / (Loss) Continuing Operations	1,136	1,109	1,047	1,186	1,015	1,144	928	942	952	824	1,437
Consolidated Net Income / (Loss)	1,136	1,109	1,047	1,186	1,015	1,144	928	942	952	824	1,437
Depreciation Expense	326	324	322	320	317	306	301	310	296	305	302
Amortization Expense	10	13	14	14	13	13	13	12	17	18	19
Non-Cash Adjustments To Reconcile Net Income	2.00	59	72	-107	3.00	-43	34	33	6.00	43	-480
Changes in Operating Assets and Liabilities, net	-228	170	-40	172	-57	69	-32	140	-44	178	-239
Net Cash From Investing Activities	-601	-349	-536	-114	-996	-525	-236	-271	-220	-280	-265
Net Cash From Continuing Investing Activities	-601	-349	-536	-114	-996	-525	-236	-271	-220	-280	-265
Purchase of Property, Plant & Equipment	-267	-308	-280	-213	-255	-275	-230	-263	-169	-271	-241
Acquisitions	-356	-50	-260	-35	-741	-254	-13	-26	-51	-19	-42
Sale of Property, Plant & Equipment	1.00	1.00	-	-	-	1.00	7.00	-	-	10	7.00
Sale and/or Maturity of Investments	21	8.00	4.00	-	-	3.00	-	-	-	-	-
Net Cash From Financing Activities	370	-2,233	-954	665	-958	-876	-803	-804	-852	-971	-951
Net Cash From Continuing Financing Activities	370	-2,233	-954	665	-958	-876	-803	-804	-852	-971	-951
Repayment of Debt	-525	-1,151	-2.00	-13	-6.00	1.00	-	-1.00	-1,018	-166	-1,013
Repurchase of Common Equity	-100	-100	-76	-75	-75	-	-	-	0.00	-176	-180
Payment of Dividends	-989	-991	-884	-885	-887	-888	-810	-808	-831	-808	-765
Issuance of Debt	1,977	-	-	1,630	0.00	-	-	-	1,589	165	994
Other Financing Activities, net	7.00	9.00	8.00	8.00	10	11	7.00	5.00	8.00	14	13

This table presents Mplx's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	37,511	36,529	35,665	35,507	36,414	40,430	39,325	19,500	17,509	16,104
Total Current Assets	3,276	2,808	1,905	1,507	1,515	1,484	1,440	559	868	576
Cash & Equivalents	1,519	1,048	238	13	15	15	77	5.00	234	43
Accounts Receivable	1,548	1,571	1,466	1,298	1,129	593	611	452	546	432
Inventories, net	180	159	148	142	118	110	98	65	55	51
Other Current Assets	29	30	53	54	66	766	654	37	33	50
Plant, Property, & Equipment, net	0.00	0.00	0.00	20,042	21,218	22,145	21,525	12,187	11,408	9,997
Total Noncurrent Assets	34,235	33,721	33,760	14,187	13,912	16,801	16,360	6,754	5,233	5,531
Long-Term Investments	4,531	3,743	4,095	3,981	4,036	5,275	4,901	4,010	2,471	2,458
Goodwill	7,645	7,645	7,645	7,657	7,657	9,536	10,016	2,245	2,245	2,570
Intangible Assets	518	654	705	831	959	1,270	1,359	453	492	466
Other Noncurrent Operating Assets	21,541	21,679	21,315	557	588	720	84	26	14	12
Total Liabilities & Shareholders' Equity	37,511	36,529	35,665	35,507	36,414	40,430	39,325	19,500	17,509	16,104
Total Liabilities	23,501	22,945	22,151	22,490	22,429	22,849	20,590	8,527	5,399	6,437
Total Current Liabilities	3,235	2,624	2,401	3,348	2,086	2,132	2,268	1,304	763	625
Short-Term Debt	1,693	1,135	988	499	764	9.00	-	-	-	-
Accounts Payable	147	153	224	1,952	508	242	266	667	227	145
Accrued Expenses	503	516	397	460	278	470	671	425	378	355
Other Current Liabilities	650	579	556	235	213	1,201	1,147	81	27	12
Other Current Nonoperating Liabilities	244	242	237	202	323	210	184	88	53	54
Total Noncurrent Liabilities	20,266	20,321	19,750	19,142	20,343	20,717	18,322	7,223	4,636	5,812
Long-Term Debt	19,255	19,296	18,808	18,072	19,375	19,704	17,922	6,945	4,422	5,255
Noncurrent Deferred Revenue	317	347	361	553	429	409	340	273	208	179
Noncurrent Deferred & Payable Income Tax Liabilities	18	16	13	10	12	12	14	5.00	6.00	378
Other Noncurrent Operating Liabilities	676	662	568	205	244	592	46	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Redeemable Noncontrolling Interest	203	895	968	965	968	968	1,004	1,000	1,000	0.00
Total Equity & Noncontrolling Interests	13,807	12,689	12,546	12,052	13,017	16,613	17,731	9,973	11,110	9,667
Total Preferred & Common Equity	13,576	12,454	12,309	23,028	12,772	16,349	17,559	9,813	11,092	9,654
Total Common Equity	13,576	12,454	12,309	23,028	12,772	16,349	17,559	9,813	11,092	9,654
Common Stock	13,579	12,458	12,317	23,045	12,787	16,364	-	9,827	11,092	9,654
Accumulated Other Comprehensive Income / (Loss)	-3.00	-4.00	-8.00	-17	-15	-15	-16	-14	-	-
Noncontrolling Interest	231	235	237	241	245	249	156	146	18	13

This table presents Mplx's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	38,972	38,515	38,402	36,461	36,120	35,873	35,672	35,812
Total Current Assets	4,521	4,218	4,196	2,139	2,736	2,321	2,012	1,951
Cash & Equivalents	2,534	2,426	2,501	385	960	755	393	121
Accounts Receivable	1,768	1,584	1,495	1,555	1,592	1,371	1,415	1,639
Inventories, net	186	171	168	163	154	146	141	151
Other Current Assets	33	37	32	36	30	49	63	40
Plant, Property, & Equipment, net	19,147	19,153	0.00	19,299	18,620	18,692	18,758	18,910
Total Noncurrent Assets	15,304	15,144	34,206	15,023	14,764	15,088	15,130	14,951
Long-Term Investments	4,751	4,558	4,373	4,343	4,099	4,124	4,144	4,108
Goodwill	7,645	7,645	7,645	7,645	7,645	7,645	7,645	7,645
Intangible Assets	529	551	585	618	609	641	673	736
Other Noncurrent Operating Assets	2,379	2,390	21,603	2,417	2,411	2,678	2,668	1,240
Total Liabilities & Shareholders' Equity	38,972	38,515	38,402	36,461	36,120	35,873	35,672	35,812
Total Liabilities	24,904	24,533	24,516	22,814	22,804	22,684	22,624	22,169
Total Current Liabilities	4,169	4,267	4,226	2,960	1,399	1,316	1,312	2,499
Short-Term Debt	2,697	2,836	2,827	1,639	1.00	1.00	1.00	982
Accounts Payable	145	120	127	132	132	128	139	653
Accrued Expenses	480	461	418	414	472	390	424	411
Other Current Liabilities	644	630	602	588	607	886	883	261
Other Current Nonoperating Liabilities	203	220	252	187	187	247	192	192
Total Noncurrent Liabilities	20,735	20,266	20,290	19,854	21,405	21,368	21,312	19,670
Long-Term Debt	19,721	19,250	19,245	18,805	20,417	20,405	20,393	18,797
Noncurrent Deferred Revenue	317	326	344	482	414	381	347	300
Noncurrent Deferred & Payable Income Tax Liabilities	18	16	16	16	12	13	13	14
Other Noncurrent Operating Liabilities	679	674	685	551	562	569	559	241
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	203	202	561	970	968	968	967
Total Equity & Noncontrolling Interests	14,068	13,779	13,684	13,086	12,346	12,221	12,080	12,676
Total Preferred & Common Equity	13,838	13,547	13,451	12,852	12,110	11,984	11,843	26,357
Total Common Equity	13,838	13,547	13,451	12,852	12,110	11,984	11,843	12,438
Common Stock	13,833	13,550	13,454	12,855	12,114	11,988	11,847	26,303
Accumulated Other Comprehensive Income / (Loss)	5.00	-3.00	-3.00	-3.00	-4.00	-4.00	-4.00	-8.00
Noncontrolling Interest	230	232	233	234	236	237	237	238

This table displays calculated financial ratios and metrics derived from Mplx's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.78%	-2.86%	15.82%	9.69%	1.11%	29.07%	81.15%	27.67%	175.11%	38.84%
EBITDA Growth	7.41%	-0.74%	16.17%	224.38%	-54.45%	2.52%	88.72%	47.32%	152.49%	57.19%
EBIT Growth	7.92%	-0.22%	23.02%	1,791.94%	-90.92%	-10.92%	129.87%	79.30%	71.54%	51.23%
NOPAT Growth	7.97%	-0.30%	22.81%	2,601.91%	-93.79%	-12.52%	128.41%	26.28%	148.00%	55.69%
Net Income Growth	9.86%	-0.30%	27.83%	552.98%	-146.99%	-27.12%	139.95%	-7.11%	170.27%	39.33%
EPS Growth	10.79%	1.33%	31.12%	457.50%	-180.00%	-56.33%	116.04%	0.00%	-100.00%	-56.39%
Operating Cash Flow Growth	10.17%	7.53%	2.20%	8.63%	10.75%	32.92%	61.04%	27.90%	249.18%	27.84%
Free Cash Flow Firm Growth	20.64%	15.42%	-37.13%	289.74%	-19.12%	113.37%	-1,505.08%	332.98%	95.80%	-4,817.40%
Invested Capital Growth	-1.07%	0.86%	3.13%	-7.80%	-4.63%	1.10%	127.74%	0.80%	11.26%	1,054.02%
Revenue Q/Q Growth	0.82%	2.77%	-7.72%	70.18%	0.00%	0.00%	37.27%	6.53%	14.13%	8.82%
EBITDA Q/Q Growth	-0.21%	5.31%	-1.15%	1,155.63%	-30.48%	215.06%	21.67%	5.83%	16.19%	19.85%
EBIT Q/Q Growth	-0.60%	6.87%	-1.25%	499.20%	-78.58%	2,251.85%	23.71%	8.10%	15.93%	13.82%
NOPAT Q/Q Growth	-0.51%	6.69%	-1.30%	499.34%	0.00%	0.00%	25.44%	-10.62%	54.24%	17.51%
Net Income Q/Q Growth	-0.80%	8.78%	-18.01%	-57.50%	0.00%	0.00%	22.62%	-32.74%	138.10%	9.43%
EPS Q/Q Growth	-0.47%	8.88%	0.00%	0.00%	63.30%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	3.23%	2.29%	2.62%	1.13%	2.10%	1.19%	18.30%	2.86%	30.33%	6.30%
Free Cash Flow Firm Q/Q Growth	15.01%	-14.51%	89.26%	140.86%	-42.54%	112.29%	-2,007.93%	299.68%	95.85%	-4,871.25%
Invested Capital Q/Q Growth	-0.53%	2.09%	-1.65%	5.47%	0.70%	-3.44%	88.73%	-0.05%	7.29%	976.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	59.74%	58.71%	56.76%	57.78%	79.60%	58.94%	58.94%	56.09%	63.19%	59.04%
EBITDA Margin	55.52%	54.68%	53.51%	53.35%	18.04%	40.04%	50.41%	48.38%	41.93%	45.69%
Operating Margin	44.31%	43.44%	42.29%	39.81%	2.31%	26.29%	38.94%	30.80%	30.24%	34.60%
EBIT Margin	44.31%	43.44%	42.29%	39.81%	2.31%	25.71%	37.24%	29.35%	20.90%	33.52%
Profit (Net Income) Margin	36.51%	35.16%	34.25%	31.04%	-7.52%	16.17%	28.64%	21.62%	29.71%	30.25%
Tax Burden Percent	99.77%	99.72%	99.80%	99.97%	100.29%	100.00%	99.60%	99.88%	213.27%	99.70%
Interest Burden Percent	82.58%	81.16%	81.16%	77.98%	-324.64%	62.91%	77.19%	73.74%	66.67%	90.51%
Effective Tax Rate	0.23%	0.28%	0.20%	0.03%	0.00%	0.00%	0.40%	0.12%	-2.84%	0.30%
Return on Invested Capital (ROIC)	18.00%	16.66%	17.04%	13.52%	0.47%	7.42%	11.85%	8.54%	7.15%	5.60%
ROIC Less NNEP Spread (ROIC-NNEP)	12.08%	10.83%	11.08%	8.03%	-4.85%	0.83%	3.04%	-6.23%	5.31%	2.87%
Return on Net Nonoperating Assets (RNNOA)	13.58%	12.62%	12.95%	9.53%	-4.82%	0.63%	1.65%	-1.29%	1.12%	0.97%
Return on Equity (ROE)	31.58%	29.27%	29.99%	23.05%	-4.35%	8.05%	13.50%	7.24%	8.27%	6.57%
Cash Return on Invested Capital (CROIC)	19.08%	15.80%	13.96%	21.63%	5.21%	6.32%	-66.10%	7.74%	-3.51%	-162.50%
Operating Return on Assets (OROA)	14.28%	13.57%	13.80%	11.10%	0.55%	5.83%	8.87%	6.13%	3.77%	4.26%
Return on Assets (ROA)	11.77%	10.99%	11.18%	8.65%	-1.79%	3.67%	6.82%	4.52%	5.36%	3.85%
Return on Common Equity (ROCE)	29.79%	26.75%	39.94%	30.56%	-4.02%	7.52%	12.44%	6.56%	7.87%	6.56%
Return on Equity Simple (ROE_SIMPLE)	32.09%	31.85%	32.32%	13.51%	-5.38%	8.94%	11.42%	8.52%	8.11%	3.45%
Net Operating Profit after Tax (NOPAT)	5,276	4,886	4,901	3,991	148	2,377	2,717	1,190	942	380
NOPAT Margin	44.21%	43.32%	42.20%	39.80%	1.62%	26.29%	38.79%	30.76%	31.10%	34.50%
Net Nonoperating Expense Percent (NNEP)	5.92%	5.83%	5.95%	5.48%	5.32%	6.59%	8.81%	14.77%	1.84%	2.74%
Return On Investment Capital (ROIC_SIMPLE)	15.18%	14.75%	15.15%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	40.26%	41.29%	43.24%	42.22%	20.40%	41.06%	41.06%	43.91%	36.81%	40.96%
SG&A Expenses to Revenue	3.58%	3.36%	2.88%	3.52%	4.14%	4.29%	4.51%	6.23%	7.49%	11.35%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.43%	15.27%	14.47%	17.97%	60.09%	32.65%	20.00%	25.29%	32.95%	24.43%
Earnings before Interest and Taxes (EBIT)	5,288	4,900	4,911	3,992	211	2,324	2,609	1,135	633	369
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,625	6,168	6,214	5,349	1,649	3,620	3,531	1,871	1,270	503
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.53	2.67	2.21	1.07	1.28	1.04	0.79	0.81	0.57	0.16
Price to Tangible Book Value (P/TBV)	8.84	7.99	6.86	1.70	3.94	3.06	2.24	1.11	0.75	0.23
Price to Revenue (P/Rev)	4.01	2.94	2.34	2.46	1.79	1.88	1.98	2.05	2.08	1.39
Price to Earnings (P/E)	11.16	8.67	7.12	8.03	0.00	18.15	7.96	7.57	9.57	9.81
Dividend Yield	7.46%	11.92%	10.68%	11.43%	17.47%	16.53%	14.25%	11.58%	11.60%	9.12%
Earnings Yield	8.96%	11.54%	14.05%	12.46%	0.00%	5.51%	12.56%	13.21%	10.45%	10.19%
Enterprise Value to Invested Capital (EV/IC)	2.17	1.70	1.50	1.43	1.10	1.01	0.88	0.86	0.65	0.34
Enterprise Value to Revenue (EV/Rev)	5.30	4.43	3.77	4.04	3.68	3.61	3.99	3.10	2.98	3.90
Enterprise Value to EBITDA (EV/EBITDA)	9.54	8.10	7.05	7.57	20.42	9.01	7.92	6.41	7.11	8.54
Enterprise Value to EBIT (EV/EBIT)	11.95	10.20	8.92	10.14	159.60	14.03	10.72	10.57	14.27	11.65
Enterprise Value to NOPAT (EV/NOPAT)	11.98	10.22	8.94	10.14	228.01	13.72	10.30	10.09	9.59	11.31
Enterprise Value to Operating Cash Flow (EV/OCF)	10.63	9.26	8.73	8.24	7.45	7.99	9.11	6.29	6.06	10.07
Enterprise Value to Free Cash Flow (EV/FCFF)	11.30	10.78	10.92	6.34	20.55	16.09	0.00	11.13	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.50	1.50	1.46	1.43	1.44	1.12	0.96	0.63	0.37	0.54
Long-Term Debt to Equity	1.37	1.42	1.39	1.39	1.39	1.12	0.96	0.63	0.37	0.54
Financial Leverage	1.12	1.17	1.17	1.19	0.99	0.76	0.54	0.21	0.21	0.34
Leverage Ratio	2.68	2.66	2.68	2.66	2.43	2.20	1.98	1.60	1.54	1.71
Compound Leverage Factor	2.22	2.16	2.18	2.08	-7.90	1.38	1.53	1.18	1.03	1.55
Debt to Total Capital	59.92%	60.06%	59.43%	58.79%	59.02%	52.86%	48.89%	38.76%	26.75%	35.22%
Short-Term Debt to Total Capital	4.84%	3.34%	2.97%	1.58%	2.24%	0.02%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	55.08%	56.73%	56.46%	57.21%	56.78%	52.83%	48.89%	38.76%	26.75%	35.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.24%	3.32%	3.62%	3.82%	3.55%	3.26%	3.16%	6.40%	6.16%	0.09%
Common Equity to Total Capital	38.84%	36.61%	36.95%	72.90%	37.43%	43.84%	47.90%	54.77%	67.09%	64.70%
Debt to EBITDA	3.16	3.31	3.19	3.47	12.21	5.45	5.08	3.71	3.48	10.45
Net Debt to EBITDA	2.25	2.54	2.49	2.73	9.76	3.98	3.67	1.57	1.35	5.48
Long-Term Debt to EBITDA	2.91	3.13	3.03	3.38	11.75	5.44	5.08	3.71	3.48	10.45
Debt to NOPAT	3.97	4.18	4.04	4.65	136.35	8.29	6.60	5.84	4.69	13.83
Net Debt to NOPAT	2.82	3.20	3.16	3.65	108.92	6.07	4.76	2.46	1.82	7.25
Long-Term Debt to NOPAT	3.65	3.95	3.84	4.53	131.18	8.29	6.60	5.84	4.69	13.83
Altman Z-Score	2.01	1.63	1.50	1.25	0.69	0.84	0.78	0.90	1.00	0.28
Noncontrolling Interest Sharing Ratio	5.67%	8.62%	-33.19%	-32.58%	7.75%	6.63%	7.86%	9.44%	4.73%	0.19%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.01	1.07	0.79	0.45	0.73	0.70	0.63	0.43	1.14	0.92
Quick Ratio	0.95	1.00	0.71	0.39	0.55	0.29	0.30	0.35	1.02	0.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5,591	4,634	4,015	6,387	1,639	2,026	-15,155	1,079	-463	-11,014
Operating Cash Flow to CapEx	563.60%	592.43%	695.15%	1,218.61%	401.15%	171.66%	146.03%	135.83%	113.64%	127.84%
Free Cash Flow to Firm to Interest Expense	6.07	5.02	4.34	8.05	1.83	2.35	-25.47	3.62	-2.19	-314.69
Operating Cash Flow to Interest Expense	6.46	5.85	5.43	6.19	5.05	4.74	5.16	6.40	7.07	12.20
Operating Cash Flow Less CapEx to Interest Expense	5.31	4.86	4.65	5.68	3.79	1.98	1.63	1.69	0.85	2.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.31	0.33	0.28	0.24	0.23	0.24	0.21	0.18	0.13
Accounts Receivable Turnover	7.65	7.43	8.40	8.26	10.62	15.02	13.18	7.75	6.19	4.56
Inventory Turnover	28.34	30.35	34.63	32.56	16.36	35.69	35.29	28.30	21.04	14.32
Fixed Asset Turnover	0.00	0.00	0.00	0.49	0.42	0.41	0.42	0.33	0.28	0.20
Accounts Payable Turnover	32.03	24.71	4.62	3.44	4.97	14.61	6.17	3.80	5.99	5.04
Days Sales Outstanding (DSO)	47.70	49.13	43.44	44.17	34.38	24.30	27.69	47.10	58.93	80.06
Days Inventory Outstanding (DIO)	12.88	12.03	10.54	11.21	22.31	10.23	10.34	12.90	17.35	25.49
Days Payable Outstanding (DPO)	11.40	14.77	79.08	106.06	73.39	24.98	59.20	96.09	60.89	72.43
Cash Conversion Cycle (CCC)	49.18	46.39	-25.10	-50.68	-16.70	9.55	-21.17	-36.09	15.39	33.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	29,150	29,465	29,213	28,327	30,723	32,214	31,863	13,991	13,880	12,475
Invested Capital Turnover	0.41	0.38	0.40	0.34	0.29	0.28	0.31	0.28	0.23	0.16
Increase / (Decrease) in Invested Capital	-315	252	886	-2,396	-1,491	351	17,872	111	1,405	11,394
Enterprise Value (EV)	63,196	49,961	43,827	40,485	33,676	32,606	27,978	12,002	9,031	4,298
Market Capitalization	47,864	33,191	27,159	24,702	16,375	16,966	13,874	7,926	6,296	1,531
Book Value per Share	$13.33	$12.44	$12.27	$22.58	$12.28	$15.45	$22.11	$23.62	$30.84	$117.77
Tangible Book Value per Share	$5.31	$4.15	$3.95	$14.26	$4.00	$5.24	$7.79	$17.13	$23.23	$80.73
Total Capital	34,958	34,015	33,310	31,588	34,124	37,294	36,657	17,918	16,532	14,922
Total Debt	20,948	20,431	19,796	18,571	20,139	19,713	17,922	6,945	4,422	5,255
Total Long-Term Debt	19,255	19,296	18,808	18,072	19,375	19,704	17,922	6,945	4,422	5,255
Net Debt	14,898	15,640	15,463	14,577	16,088	14,423	12,944	2,930	1,717	2,754
Capital Expenditures (CapEx)	1,055	911	722	403	1,127	2,378	2,103	1,404	1,312	334
Debt-free, Cash-free Net Working Capital (DFCFNWC)	215	271	254	-1,355	178	-654	-905	-750	-129	-92
Debt-free Net Working Capital (DFNWC)	1,734	1,319	492	-1,342	193	-639	-828	-745	105	-49
Net Working Capital (NWC)	41	184	-496	-1,841	-571	-648	-828	-745	105	-49
Net Nonoperating Expense (NNE)	919	920	923	879	835	915	711	354	42	47
Net Nonoperating Obligations (NNO)	15,140	15,881	15,699	15,310	16,738	14,633	13,128	3,018	1,770	2,808
Total Depreciation and Amortization (D&A)	1,337	1,268	1,303	1,357	1,438	1,296	922	736	637	134
Debt-free, Cash-free Net Working Capital to Revenue	1.80%	2.40%	2.19%	-13.51%	1.95%	-7.23%	-12.92%	-19.39%	-4.26%	-8.36%
Debt-free Net Working Capital to Revenue	14.53%	11.69%	4.24%	-13.38%	2.11%	-7.07%	-11.82%	-19.27%	3.47%	-4.45%
Net Working Capital to Revenue	0.34%	1.63%	-4.27%	-18.36%	-6.25%	-7.17%	-11.82%	-19.27%	3.47%	-4.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.21	$3.80	$3.75	$2.86	($0.80)	$1.00	$2.29	$1.07	$0.00	$1.34
Adjusted Weighted Average Basic Shares Outstanding	1.02B	1.00B	1.01B	1.03B	2.10B	1.81B	1.52B	778M	676M	99M
Adjusted Diluted Earnings per Share	$4.21	$3.80	$3.75	$2.86	($0.80)	$1.00	$2.29	$1.06	$0.00	$1.33
Adjusted Weighted Average Diluted Shares Outstanding	1.02B	1.00B	1.01B	1.03B	2.10B	1.81B	1.52B	784M	690M	100M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.02B	1.00B	1.01B	1.03B	1.05B	906M	761M	0.00	0.00	99M
Normalized Net Operating Profit after Tax (NOPAT)	5,276	4,886	4,901	4,033	1,689	2,502	2,717	1,190	732	380
Normalized NOPAT Margin	44.21%	43.32%	42.20%	40.22%	18.48%	27.67%	38.79%	30.76%	24.17%	34.50%
Pre Tax Income Margin	36.60%	35.25%	34.32%	31.05%	-7.49%	16.17%	28.75%	21.64%	13.93%	30.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.74	5.31	5.31	5.03	0.24	2.70	4.38	3.81	3.00	10.54
NOPAT to Interest Expense	5.73	5.29	5.30	5.03	0.16	2.76	4.57	3.99	4.46	10.85
EBIT Less CapEx to Interest Expense	4.60	4.32	4.53	4.53	-1.02	-0.06	0.85	-0.90	-3.22	1.00
NOPAT Less CapEx to Interest Expense	4.58	4.31	4.52	4.52	-1.09	0.00	1.03	-0.72	-1.75	1.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	83.70%	84.14%	77.55%	116.07%	-442.94%	209.92%	95.06%	142.58%	97.00%	47.75%
Augmented Payout Ratio	91.19%	84.14%	89.89%	136.31%	-447.74%	209.92%	95.06%	142.58%	97.00%	47.75%

This table displays calculated financial ratios and metrics derived from Mplx's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.77%	3.27%	2.06%	13.46%	4.90%	11.42%	-14.38%	-8.50%	3.95%	-4.93%	32.90%
EBITDA Growth	7.65%	-0.83%	9.74%	17.10%	4.77%	22.49%	-26.42%	3.60%	8.48%	-4.95%	47.56%
EBIT Growth	9.19%	-2.33%	10.49%	20.77%	4.60%	29.72%	-31.06%	5.19%	12.83%	-5.53%	65.74%
NOPAT Growth	9.20%	-2.00%	10.39%	20.56%	4.61%	29.02%	-31.09%	5.19%	13.39%	-5.75%	62.25%
Net Income Growth	11.92%	-3.06%	12.82%	25.90%	6.62%	38.84%	-35.42%	6.56%	14.29%	-1.67%	77.19%
EPS Growth	12.24%	-1.83%	13.48%	26.37%	7.69%	39.74%	-34.56%	9.64%	16.67%	0.00%	0.00%
Operating Cash Flow Growth	-3.49%	12.49%	13.75%	8.91%	5.22%	8.85%	19.73%	-3.36%	9.07%	10.32%	-12.10%
Free Cash Flow Firm Growth	116.52%	48.52%	-58.34%	-29.97%	-69.16%	548.80%	270.24%	-14.74%	79.06%	-95.13%	-125.01%
Invested Capital Growth	-0.49%	-1.07%	1.53%	1.67%	1.90%	0.86%	-2.83%	-0.55%	-3.55%	3.13%	10.59%
Revenue Q/Q Growth	1.99%	3.06%	-2.62%	7.24%	-4.05%	1.85%	8.25%	-0.85%	1.92%	-21.73%	15.68%
EBITDA Q/Q Growth	1.31%	4.28%	-8.10%	10.88%	-6.67%	15.40%	-1.94%	-0.80%	9.11%	-30.68%	38.06%
EBIT Q/Q Growth	1.71%	5.33%	-10.15%	13.43%	-9.02%	19.15%	-1.79%	-1.76%	12.83%	-36.68%	49.87%
NOPAT Q/Q Growth	2.08%	5.06%	-10.17%	13.35%	-8.39%	18.35%	-1.89%	-1.65%	12.99%	-36.79%	49.76%
Net Income Q/Q Growth	2.43%	5.92%	-11.72%	16.85%	-11.28%	23.28%	-1.49%	-1.05%	15.53%	-42.66%	62.56%
EPS Q/Q Growth	2.80%	5.94%	-12.17%	17.35%	-10.09%	22.47%	-2.20%	0.00%	16.67%	-42.65%	63.86%
Operating Cash Flow Q/Q Growth	-25.61%	18.37%	-9.58%	21.22%	-13.30%	19.69%	-13.43%	17.11%	-10.31%	31.67%	-30.13%
Free Cash Flow Firm Q/Q Growth	-8.55%	98.90%	-11.23%	34.09%	-37.27%	-44.21%	49.23%	-40.96%	1,219.90%	114.64%	-174.74%
Invested Capital Q/Q Growth	0.87%	-0.53%	-0.11%	-0.72%	0.29%	2.09%	0.02%	-0.49%	-0.74%	-1.65%	2.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.25%	21.78%	58.41%	86.60%	73.19%	24.85%	54.98%	85.99%	72.69%	16.38%	72.27%
EBITDA Margin	54.48%	54.85%	54.21%	57.44%	55.55%	57.11%	50.41%	55.65%	55.62%	51.95%	58.66%
Operating Margin	43.73%	43.85%	42.90%	46.49%	43.96%	46.36%	39.63%	43.68%	44.08%	39.82%	49.22%
EBIT Margin	43.73%	43.85%	42.90%	46.49%	43.96%	46.36%	39.63%	43.68%	44.08%	39.82%	49.22%
Profit (Net Income) Margin	36.36%	36.21%	35.23%	38.86%	35.66%	38.57%	31.87%	35.02%	35.09%	30.95%	42.25%
Tax Burden Percent	99.91%	99.55%	99.81%	99.83%	99.90%	99.22%	99.89%	100.00%	99.90%	99.76%	99.93%
Interest Burden Percent	83.24%	82.95%	82.27%	83.72%	81.22%	83.85%	80.50%	80.17%	79.68%	77.92%	85.90%
Effective Tax Rate	0.09%	0.45%	0.19%	0.17%	0.10%	0.78%	0.11%	0.00%	0.10%	0.24%	0.07%
Return on Invested Capital (ROIC)	18.10%	17.77%	17.43%	18.79%	17.12%	17.69%	14.84%	17.31%	17.47%	16.03%	21.89%
ROIC Less NNEP Spread (ROIC-NNEP)	16.63%	16.30%	15.96%	17.30%	15.65%	16.29%	13.42%	15.83%	16.00%	14.53%	20.28%
Return on Net Nonoperating Assets (RNNOA)	18.75%	18.33%	18.05%	19.89%	18.67%	18.99%	15.73%	19.01%	20.28%	16.98%	21.70%
Return on Equity (ROE)	36.85%	36.10%	35.48%	38.67%	35.79%	36.67%	30.57%	36.32%	37.75%	33.02%	43.59%
Cash Return on Invested Capital (CROIC)	18.78%	19.08%	16.71%	16.16%	14.99%	15.80%	18.51%	18.18%	20.69%	13.96%	7.50%
Operating Return on Assets (OROA)	14.16%	14.13%	13.61%	14.74%	13.91%	14.49%	12.10%	13.98%	14.47%	12.99%	17.32%
Return on Assets (ROA)	11.77%	11.67%	11.17%	12.32%	11.29%	12.05%	9.73%	11.21%	11.52%	10.10%	14.87%
Return on Common Equity (ROCE)	35.48%	34.05%	33.35%	36.33%	33.11%	33.51%	27.84%	32.99%	34.26%	43.97%	40.67%
Return on Equity Simple (ROE_SIMPLE)	32.36%	0.00%	32.42%	31.77%	31.35%	0.00%	30.11%	34.67%	34.59%	0.00%	18.41%
Net Operating Profit after Tax (NOPAT)	1,365	1,337	1,273	1,417	1,250	1,364	1,153	1,175	1,195	1,057	1,673
NOPAT Margin	43.69%	43.65%	42.82%	46.42%	43.91%	46.00%	39.59%	43.68%	44.04%	39.72%	49.19%
Net Nonoperating Expense Percent (NNEP)	1.46%	1.47%	1.46%	1.48%	1.47%	1.40%	1.42%	1.48%	1.47%	1.51%	1.61%
Return On Investment Capital (ROIC_SIMPLE)	3.74%	3.85%	-	-	-	4.12%	-	-	-	3.27%	-
Cost of Revenue to Revenue	28.75%	78.22%	41.59%	13.40%	26.81%	75.15%	45.02%	14.01%	27.31%	83.62%	27.73%
SG&A Expenses to Revenue	3.59%	3.40%	3.60%	3.51%	3.83%	3.34%	3.50%	3.31%	3.28%	3.27%	2.59%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.53%	-22.07%	15.51%	40.10%	29.23%	-21.51%	15.35%	42.30%	28.60%	-23.44%	23.05%
Earnings before Interest and Taxes (EBIT)	1,366	1,343	1,275	1,419	1,251	1,375	1,154	1,175	1,196	1,060	1,674
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,702	1,680	1,611	1,753	1,581	1,694	1,468	1,497	1,509	1,383	1,995
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.95	3.53	3.35	3.22	3.24	2.67	2.70	2.59	2.66	2.21	2.13
Price to Tangible Book Value (P/TBV)	9.66	8.84	8.48	8.29	9.07	7.99	8.47	8.41	8.94	6.86	6.53
Price to Revenue (P/Rev)	4.48	4.01	3.83	3.68	3.65	2.94	2.97	2.71	2.69	2.34	2.11
Price to Earnings (P/E)	12.38	11.16	10.30	10.14	10.38	8.67	8.99	7.52	7.75	7.12	5.36
Dividend Yield	6.75%	7.46%	7.65%	7.81%	7.82%	11.92%	9.51%	9.76%	9.41%	10.68%	10.77%
Earnings Yield	8.08%	8.96%	9.71%	9.86%	9.63%	11.54%	11.12%	13.29%	12.91%	14.05%	18.66%
Enterprise Value to Invested Capital (EV/IC)	2.38	2.17	2.08	2.01	1.97	1.70	1.71	1.66	1.67	1.50	1.46
Enterprise Value to Revenue (EV/Rev)	5.74	5.30	5.15	5.00	5.09	4.43	4.48	4.17	4.14	3.77	3.44
Enterprise Value to EBITDA (EV/EBITDA)	10.39	9.54	9.17	9.07	9.31	8.10	8.40	7.49	7.67	7.05	6.89
Enterprise Value to EBIT (EV/EBIT)	12.97	11.95	11.45	11.33	11.73	10.20	10.73	9.37	9.62	8.92	8.71
Enterprise Value to NOPAT (EV/NOPAT)	13.00	11.98	11.49	11.37	11.76	10.22	10.74	9.38	9.63	8.94	8.73
Enterprise Value to Operating Cash Flow (EV/OCF)	11.88	10.63	10.58	10.54	10.64	9.26	9.33	9.43	9.48	8.73	8.86
Enterprise Value to Free Cash Flow (EV/FCFF)	12.66	11.30	12.53	12.53	13.24	10.78	9.08	9.09	7.95	10.92	20.42
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.59	1.50	1.58	1.59	1.50	1.50	1.53	1.55	1.56	1.46	1.45
Long-Term Debt to Equity	1.40	1.37	1.38	1.39	1.38	1.42	1.53	1.55	1.56	1.39	1.38
Financial Leverage	1.13	1.12	1.13	1.15	1.19	1.17	1.17	1.20	1.27	1.17	1.07
Leverage Ratio	2.72	2.68	2.73	2.74	2.70	2.66	2.67	2.73	2.74	2.68	2.62
Compound Leverage Factor	2.27	2.23	2.25	2.30	2.19	2.23	2.15	2.18	2.18	2.09	2.25
Debt to Total Capital	61.44%	59.92%	61.23%	61.38%	59.97%	60.06%	60.53%	60.74%	60.98%	59.43%	59.18%
Short-Term Debt to Total Capital	7.39%	4.84%	7.86%	7.86%	4.81%	3.34%	0.00%	0.00%	0.00%	2.97%	2.94%
Long-Term Debt to Total Capital	54.05%	55.08%	53.37%	53.52%	55.16%	56.73%	60.52%	60.74%	60.98%	56.46%	56.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%
Noncontrolling Interests to Total Capital	0.63%	1.24%	1.21%	1.21%	2.33%	3.32%	3.58%	3.59%	3.60%	3.62%	3.61%
Common Equity to Total Capital	37.93%	38.84%	37.56%	37.41%	37.70%	36.61%	35.90%	35.67%	35.41%	36.95%	37.22%
Debt to EBITDA	3.32	3.16	3.33	3.40	3.28	3.31	3.49	3.20	3.22	3.19	3.15
Net Debt to EBITDA	2.24	2.25	2.27	2.34	2.52	2.54	2.62	2.43	2.50	2.49	2.47
Long-Term Debt to EBITDA	2.92	2.91	2.90	2.96	3.01	3.13	3.49	3.20	3.22	3.03	2.99
Debt to NOPAT	4.16	3.97	4.16	4.26	4.14	4.18	4.46	4.00	4.04	4.04	3.98
Net Debt to NOPAT	2.81	2.82	2.85	2.93	3.18	3.20	3.35	3.04	3.14	3.16	3.13
Long-Term Debt to NOPAT	3.66	3.65	3.63	3.71	3.81	3.95	4.46	4.00	4.04	3.84	3.79
Altman Z-Score	1.76	1.66	1.52	1.49	1.49	1.31	1.31	1.28	1.30	1.14	1.20
Noncontrolling Interest Sharing Ratio	3.70%	5.67%	6.01%	6.06%	7.49%	8.62%	8.94%	9.16%	9.25%	-33.19%	6.71%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.08	1.01	0.99	0.99	0.72	1.07	1.96	1.76	1.53	0.79	0.78
Quick Ratio	1.03	0.95	0.94	0.95	0.66	1.00	1.82	1.62	1.38	0.71	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,511	1,652	831	936	698	1,112	1,994	1,336	2,263	171	-1,171
Operating Cash Flow to CapEx	468.42%	545.60%	505.36%	734.74%	506.27%	543.43%	557.85%	546.39%	726.04%	524.14%	444.02%
Free Cash Flow to Firm to Interest Expense	6.60	7.21	3.68	4.05	2.97	5.01	8.86	5.73	9.31	0.68	-5.40
Operating Cash Flow to Interest Expense	5.44	7.31	6.26	6.77	5.49	6.71	5.53	6.17	5.05	5.41	4.79
Operating Cash Flow Less CapEx to Interest Expense	4.28	5.97	5.02	5.85	4.41	5.47	4.54	5.04	4.35	4.38	3.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.32	0.32	0.32	0.32	0.31	0.31	0.32	0.33	0.33	0.35
Accounts Receivable Turnover	7.35	7.65	7.45	8.22	7.69	7.43	6.79	7.93	7.89	8.40	8.68
Inventory Turnover	28.30	28.34	28.54	30.01	30.79	30.35	30.52	28.30	34.19	34.63	30.10
Fixed Asset Turnover	0.64	0.00	0.63	0.00	0.60	0.00	0.59	0.00	0.61	0.00	0.64
Accounts Payable Turnover	35.65	32.03	36.80	36.96	34.54	24.71	11.86	9.71	28.09	4.62	3.47
Days Sales Outstanding (DSO)	49.66	47.70	48.97	44.42	47.49	49.13	53.72	46.02	46.25	43.44	42.07
Days Inventory Outstanding (DIO)	12.90	12.88	12.79	12.16	11.85	12.03	11.96	12.90	10.68	10.54	12.13
Days Payable Outstanding (DPO)	10.24	11.40	9.92	9.88	10.57	14.77	30.78	37.59	13.00	79.08	105.33
Cash Conversion Cycle (CCC)	52.33	49.18	51.84	46.70	48.77	46.39	34.90	21.32	43.93	-25.10	-51.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	29,404	29,150	29,304	29,336	29,550	29,465	28,862	28,855	28,998	29,213	29,703
Invested Capital Turnover	0.41	0.41	0.41	0.40	0.39	0.38	0.37	0.40	0.40	0.40	0.45
Increase / (Decrease) in Invested Capital	-146	-315	442	481	552	252	-841	-161	-1,068	886	2,844
Enterprise Value (EV)	70,088	63,196	60,912	58,913	58,122	49,961	49,210	47,824	48,562	43,827	43,327
Market Capitalization	54,725	47,864	45,375	43,280	41,611	33,191	32,645	31,092	31,500	27,159	26,510
Book Value per Share	$13.53	$13.33	$13.27	$13.24	$12.75	$12.44	$12.10	$11.97	$11.83	$12.27	$12.29
Tangible Book Value per Share	$5.54	$5.31	$5.24	$5.14	$4.55	$4.15	$3.85	$3.69	$3.52	$3.95	$4.01
Total Capital	36,486	34,958	36,068	35,958	34,091	34,015	33,734	33,595	33,442	33,310	33,422
Total Debt	22,418	20,948	22,086	22,072	20,444	20,431	20,418	20,406	20,394	19,796	19,779
Total Long-Term Debt	19,721	19,255	19,250	19,245	18,805	19,296	20,417	20,405	20,393	18,808	18,797
Net Debt	15,133	14,898	15,102	15,198	15,716	15,640	15,359	15,527	15,857	15,463	15,550
Capital Expenditures (CapEx)	266	307	280	213	255	274	223	263	169	261	234
Debt-free, Cash-free Net Working Capital (DFCFNWC)	515	215	361	296	433	271	378	251	308	254	313
Debt-free Net Working Capital (DFNWC)	3,049	1,734	2,787	2,797	818	1,319	1,338	1,006	701	492	434
Net Working Capital (NWC)	352	41	-49	-30	-821	184	1,337	1,005	700	-496	-548
Net Nonoperating Expense (NNE)	229	228	226	231	235	220	225	233	243	233	236
Net Nonoperating Obligations (NNO)	15,336	15,140	15,322	15,450	15,903	15,881	15,546	15,666	15,950	15,699	16,060
Total Depreciation and Amortization (D&A)	336	337	336	334	330	319	314	322	313	323	321
Debt-free, Cash-free Net Working Capital to Revenue	4.22%	1.80%	3.05%	2.51%	3.79%	2.40%	3.44%	2.19%	2.63%	2.19%	2.49%
Debt-free Net Working Capital to Revenue	24.97%	14.53%	23.55%	23.75%	7.17%	11.69%	12.19%	8.77%	5.98%	4.24%	3.45%
Net Working Capital to Revenue	2.88%	0.34%	-0.41%	-0.25%	-7.19%	1.63%	12.18%	8.77%	5.97%	-4.27%	-4.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.10	$1.07	$1.01	$1.15	$0.98	$1.09	$0.89	$0.91	$0.91	$0.78	$0.00
Adjusted Weighted Average Basic Shares Outstanding	1.02B	1.02B	1.02B	1.02B	1.01B	1.00B	1.00B	1.00B	1.00B	1.01B	1.01B
Adjusted Diluted Earnings per Share	$1.10	$1.07	$1.01	$1.15	$0.98	$1.09	$0.89	$0.91	$0.91	$0.78	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	1.02B	1.02B	1.02B	1.02B	1.01B	1.00B	1.00B	1.00B	1.00B	1.01B	1.01B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.02B	1.02B	1.02B	1.02B	1.01B	1.00B	1.00B	1.00B	1.00B	1.01B	1.01B
Normalized Net Operating Profit after Tax (NOPAT)	1,365	1,337	1,273	1,417	1,250	1,364	1,153	823	1,195	1,057	1,673
Normalized NOPAT Margin	43.69%	43.65%	42.82%	46.42%	43.91%	46.00%	39.59%	30.58%	44.04%	39.72%	49.19%
Pre Tax Income Margin	36.40%	36.37%	35.30%	38.93%	35.70%	38.87%	31.90%	35.02%	35.13%	31.03%	42.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.97	5.86	5.64	6.14	5.32	6.19	5.13	5.04	4.92	4.19	7.71
NOPAT to Interest Expense	5.96	5.84	5.63	6.13	5.32	6.15	5.12	5.04	4.92	4.18	7.71
EBIT Less CapEx to Interest Expense	4.80	4.52	4.40	5.22	4.24	4.96	4.14	3.91	4.23	3.16	6.64
NOPAT Less CapEx to Interest Expense	4.80	4.50	4.39	5.21	4.23	4.91	4.13	3.91	4.22	3.15	6.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	83.72%	83.70%	80.69%	81.21%	84.21%	84.14%	89.33%	77.30%	76.86%	77.55%	74.86%
Augmented Payout Ratio	91.56%	91.19%	85.84%	84.72%	86.08%	84.14%	94.16%	85.87%	86.40%	89.89%	84.75%

Frequently Asked Questions About Mplx's Financials

When does Mplx's fiscal year end?

According to the most recent income statement we have on file, Mplx's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Mplx's net income changed over the last 9 years?

Mplx's net income appears to be on an upward trend, with a most recent value of $4.36 billion in 2024, rising from $333 million in 2015. The previous period was $3.97 billion in 2023. See Mplx's forecast for analyst expectations on what’s next for the company.

What is Mplx's operating income?

Mplx's total operating income in 2024 was $5.29 billion, based on the following breakdown:

Total Gross Profit: $7.13 billion
Total Operating Expenses: $1.84 billion

How has Mplx revenue changed over the last 9 years?

Over the last 9 years, Mplx's total revenue changed from $1.10 billion in 2015 to $11.93 billion in 2024, a change of 983.8%.

How much debt does Mplx have?

Mplx's total liabilities were at $23.50 billion at the end of 2024, a 2.4% increase from 2023, and a 265.1% increase since 2015.

How much cash does Mplx have?

In the past 9 years, Mplx's cash and equivalents has ranged from $5 million in 2017 to $1.52 billion in 2024, and is currently $1.52 billion as of their latest financial filing in 2024.

How has Mplx's book value per share changed over the last 9 years?

Over the last 9 years, Mplx's book value per share changed from 117.77 in 2015 to 13.33 in 2024, a change of -88.7%.

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This page (NYSE:MPLX) was last updated on 5/30/2025 by MarketBeat.com Staff

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Mplx (MPLX) Financials

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