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Stocks · Energy · Pipe Lines (No Natural Gas)

MPLX LP

MPLX Clue Score61
United States Fiscal year ends December CIK 0001552000
$56.83 +0.94% Close, 12 Oct 2026
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Price $56.83 +88.62% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3.03Net income0.23Fiscal year 2017Revenue3.87 +27.7%Net income0.79 +240.8%Fiscal year 2018Revenue5.45 +40.9%Net income1.82 +129.0%Fiscal year 2019Revenue7.04 +29.2%Net income1.03 −43.2%Fiscal year 2020Revenue6.90 −2.1%Operating income0.21Net income−0.72 −169.7%Fiscal year 2021Revenue8.02 +16.3%Operating income3.99Net income3.08Fiscal year 2022Revenue8.92 +11.3%Operating income4.91Net income3.94 +28.2%Fiscal year 2023Revenue8.73 −2.1%Operating income4.90Net income3.93 −0.4%Fiscal year 2024Revenue9.19 +5.2%Operating income5.29Net income4.36 +10.9%Fiscal year 2025Revenue9.73 +5.8%Operating income5.94Net income4.95 +13.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3.03 3.87 5.45 7.04 6.90 8.02 8.92 8.73 9.19 9.73
Growth +27.7% +40.9% +29.2% −2.1% +16.3% +11.3% −2.1% +5.2% +5.8%
Operating income n/a n/a n/a n/a 0.21 3.99 4.91 4.90 5.29 5.94
Net income 0.23 0.79 1.82 1.03 −0.72 3.08 3.94 3.93 4.36 4.95
Growth +240.8% +129.0% −43.2% −169.7% +28.2% −0.4% +10.9% +13.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Net margin7.7%Free cash flow margin5.9%Fiscal year 2017Net margin20.5%Free cash flow margin12.8%Fiscal year 2018Net margin33.4%Free cash flow margin17.6%Fiscal year 2019Net margin14.7%Free cash flow margin23.8%Fiscal year 2020Operating margin3.1%Net margin−10.4%Free cash flow margin48.4%Fiscal year 2021Operating margin49.8%Net margin38.4%Free cash flow margin54.6%Fiscal year 2022Operating margin55.0%Net margin44.2%Free cash flow margin47.2%Fiscal year 2023Operating margin56.1%Net margin45.0%Free cash flow margin51.1%Fiscal year 2024Operating margin57.5%Net margin47.4%Free cash flow margin53.2%Fiscal year 2025Operating margin61.1%Net margin50.9%Free cash flow margin42.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin n/a n/a n/a n/a 3.1% 49.8% 55.0% 56.1% 57.5% 61.1%
Net margin 7.7% 20.5% 33.4% 14.7% −10.4% 38.4% 44.2% 45.0% 47.4% 50.9%
Free cash flow margin 5.9% 12.8% 17.6% 23.8% 48.4% 54.6% 47.2% 51.1% 53.2% 42.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.49Capital expenditure−1.31Free cash flow0.18Fiscal year 2017Operating cash flow1.91Capital expenditure−1.41Free cash flow0.50 +178.7%Fiscal year 2018Operating cash flow3.07Capital expenditure−2.11Free cash flow0.96 +93.5%Buybacks0.00Fiscal year 2019Operating cash flow4.08Capital expenditure−2.41Free cash flow1.67 +74.4%Buybacks0.00Fiscal year 2020Operating cash flow4.52Capital expenditure−1.18Free cash flow3.34 +99.4%Buybacks−0.03Fiscal year 2021Operating cash flow4.91Capital expenditure−0.53Free cash flow4.38 +31.3%Buybacks−0.63Fiscal year 2022Operating cash flow5.02Capital expenditure−0.81Free cash flow4.21 −3.9%Buybacks−0.49Fiscal year 2023Operating cash flow5.40Capital expenditure−0.94Free cash flow4.46 +5.9%Buybacks0.00Fiscal year 2024Operating cash flow5.95Capital expenditure−1.06Free cash flow4.89 +9.6%Buybacks−0.33Fiscal year 2025Operating cash flow5.91Capital expenditure−1.81Free cash flow4.10 −16.1%Buybacks−0.40
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.49 1.91 3.07 4.08 4.52 4.91 5.02 5.40 5.95 5.91
Capital expenditure −1.31 −1.41 −2.11 −2.41 −1.18 −0.53 −0.81 −0.94 −1.06 −1.81
Free cash flow 0.18 0.50 0.96 1.67 3.34 4.38 4.21 4.46 4.89 4.10
Growth +178.7% +93.5% +74.4% +99.4% +31.3% −3.9% +5.9% +9.6% −16.1%
Buybacks n/a n/a 0.00 0.00 −0.03 −0.63 −0.49 0.00 −0.33 −0.40

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash0.23Fiscal year 2017Cash0.01Fiscal year 2018Cash0.08Fiscal year 2019Cash0.02Fiscal year 2020Cash0.02Fiscal year 2021Cash0.01Fiscal year 2022Cash0.24Fiscal year 2023Cash1.05Fiscal year 2024Cash1.52Fiscal year 2025Cash2.14
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.23 0.01 0.08 0.02 0.02 0.01 0.24 1.05 1.52 2.14

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a n/a n/a 3.1% 49.8% 55.0% 56.1% 57.5% 61.1%
13.9% 21.6% 37.0% 20.8% −9.9% 38.8% 44.7% 45.5% 47.5% 51.0%
7.7% 20.5% 33.4% 14.7% −10.4% 38.4% 44.2% 45.0% 47.4% 50.9%
5.9% 12.8% 17.6% 23.8% 48.4% 54.6% 47.2% 51.1% 53.2% 42.2%
Spending
7.5% 6.2% 5.8% 5.5% 5.5% 4.4% 3.8% 4.3% 4.6% 4.6%
43.3% 36.5% 38.7% 34.2% 17.2% 6.6% 9.0% 10.7% 11.5% 18.6%
−2.8% 0.1% 0.4% 0.0% n/a 0.0% 0.2% 0.3% 0.2% n/a
Returns
1.3% 4.1% 4.6% 2.6% −2.0% 8.7% 11.1% 10.8% 11.6% 11.5%
Balance and payout
30.8% 43.7% 52.4% 56.5% 61.6% 63.3% 62.1% 62.8% 62.7% 66.2%
n/a n/a 0.0% 0.0% 1.0% 14.4% 11.7% 0.0% 6.7% 9.8%