Mplx LP (MPLX) Financial Statements

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Mplx financial statements at a glance

Mplx reported revenue of $10.90 billion for fiscal year 2024 (ended December 31, 2024), up 4.5% from fiscal year 2023. Net income was $4.29 billion, a net margin of 39.3%.

At the end of fiscal year 2024 it had total assets of $37.51 billion, total liabilities of $23.50 billion and shareholders' equity of $0, with cash and short-term investments of $1.52 billion and total debt of $21.44 billion.

Its operations brought in $5.95 billion of cash; capital spending was $1.06 billion, leaving free cash flow of $4.89 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2024.

MPLX logo

Mplx LP

MPLXUnited States
Energy
USD (Local)

Income Statement

Annual • USD

Total Revenue
10.90B
Prev Year: 10.43B
YoY: +4.5%
Operating Revenue
10.90B
Prev Year: 10.43B
YoY: +4.5%
Cost of Revenue
6.09B
Prev Year: 5.87B
YoY: +3.7%
Gross Profit
4.82B
Prev Year: 4.56B
YoY: +5.6%
Operating Expense
331.00M
Prev Year: 263.00M
YoY: +25.9%
Selling General and Administrative
427.00M
Prev Year: 379.00M
YoY: +12.7%
General and Administrative Expense
427.00M
Prev Year: 379.00M
YoY: +12.7%
Other General and Administrative
427.00M
Prev Year: 379.00M
YoY: +12.7%
Other Taxes
131.00M
Prev Year: 131.00M
YoY: 0.0%
Depreciation Amortization Depletion
-
Other Operating Expenses
-227.00M
Prev Year: -247.00M
YoY: +8.1%
Operating Income
4.49B
Prev Year: 4.30B
YoY: +4.3%
Net Non Operating Interest Income Expense
-921.00M
Prev Year: -923.00M
YoY: +0.2%
Non-operating Interest Income
95.00M
Prev Year: 43.00M
YoY: +120.9%
Non-operating Interest Expense
944.00M
Prev Year: 897.00M
YoY: +5.2%
Total Other Finance Cost
72.00M
Prev Year: 69.00M
YoY: +4.3%
Other Income Expense
802.00M
Prev Year: 600.00M
YoY: +33.7%
Equity in Earnings of Affiliates
802.00M
Prev Year: 600.00M
YoY: +33.7%
Pre-tax Income
4.37B
Prev Year: 3.98B
YoY: +9.8%
Provision for Income Taxes
10.00M
Prev Year: 11.00M
YoY: -9.1%
Net Income Common Stockholders
4.29B
Prev Year: 3.83B
YoY: +12.0%
Net Income
4.32B
Prev Year: 3.93B
YoY: +9.9%
Net Income Including Non-Controlling Interests
4.36B
Prev Year: 3.97B
YoY: +9.9%
Net Income from Continuing Operations
4.36B
Prev Year: 3.97B
YoY: +9.9%
Noncontrolling Interests
-40.00M
Prev Year: -38.00M
YoY: -5.3%
Preferred Stock Dividends
27.00M
Prev Year: 99.00M
YoY: -72.7%
Diluted NI Available to Com Stockholders
4.29B
Prev Year: 3.83B
YoY: +12.0%
Total Operating Income as Reported
5.29B
Prev Year: 4.90B
YoY: +7.9%
Total Expenses
6.42B
Prev Year: 6.13B
YoY: +4.6%
Interest Income
95.00M
Prev Year: 43.00M
YoY: +120.9%
Interest Expense
944.00M
Prev Year: 897.00M
YoY: +5.2%
Net Interest Income
-921.00M
Prev Year: -923.00M
YoY: +0.2%
Net Income from Continuing and Discontinued Operation
4.32B
Prev Year: 3.93B
YoY: +9.9%
Normalized Income
4.32B
Prev Year: 3.93B
YoY: +9.9%
EBIT
5.31B
Prev Year: 4.87B
YoY: +9.0%
EBITDA
6.59B
Prev Year: 6.09B
YoY: +8.3%
Reconciled Cost of Revenue
6.09B
Prev Year: 5.87B
YoY: +3.7%
Reconciled Depreciation
1.28B
Prev Year: 1.21B
YoY: +5.8%
Net Income from Continuing Operation Net Minority Interest
4.32B
Prev Year: 3.93B
YoY: +9.9%
Normalized EBITDA
6.59B
Prev Year: 6.09B
YoY: +8.3%
Total Unusual Items Excluding Goodwill
-
Prev Year: 0
Values in USD

Mplx key figures by fiscal year

FY2024FY2023FY2022FY2021FY2020
Revenue$10.9B$10.4B$10.5B$9.6B$8.4B
Gross profit$4.8B$4.6B$4.3B$4.1B$3.7B
Operating income$4.5B$4.3B$4.4B$3.7B$3.3B
Net income$4.3B$3.8B$3.8B$2.9B-$842.0M
Total assets$37.5B$36.5B$35.7B$35.5B$36.4B
Total liabilities$23.5B$22.9B$22.2B$22.5B$22.4B
Shareholders' equity$0$0$0$0$0
Cash and short-term investments$1.5B$1.0B$238.0M$13.0M$15.0M
Total debt$21.4B$20.9B$20.3B$19.1B$20.7B
Operating cash flow$5.9B$5.4B$5.0B$4.9B$4.5B
Capital spending$1.1B$937.0M$806.0M$529.0M$1.2B
Free cash flow$4.9B$4.5B$4.2B$4.4B$3.3B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2013.

Questions and answers

What was Mplx's revenue in fiscal year 2024?

$10.90 billion, up 4.5% from $10.43 billion in fiscal year 2023.

How much profit does Mplx make?

Mplx reported net income of $4.29 billion for fiscal year 2024 (39.3% of revenue); operating income was $4.49 billion.

How much cash and debt does Mplx have?

At the end of fiscal year 2024: cash and short-term investments of $1.52 billion and total debt of $21.44 billion.

What is Mplx's free cash flow?

$4.89 billion in fiscal year 2024 (operating cash flow of $5.95 billion minus capital spending of $1.06 billion).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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