MPLX LP
NYSE: MPLX · ENERGY · OIL & GAS MIDSTREAM
Updated 2026-06-12
MPLX LP (MPLX) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.12B | $1.30B | $1.30B | $1.21B | $1.21B | $15.68B | $16.65B | $19.50B | $22.78B | $40.43B | $36.41B | $35.51B | $35.66B | $36.53B | $37.51B | $43.01B |
| Cash & equivalents | $200000.00 | $100000.00 | $216.70M | $54.10M | $31.00M | $43.00M | $234.00M | $5.00M | $68.00M | $15.00M | $15.00M | $13.00M | $238.00M | $1.05B | $1.52B | $2.14B |
| Current assets | — | $298.70M | $283.80M | $135.10M | $97.00M | $474.00M | $740.00M | $559.00M | $897.00M | $1.48B | $1.51B | $1.51B | $1.91B | $2.81B | $3.28B | $3.99B |
| Total liabilities | $49.80M | $63.90M | $74.50M | $94.40M | $751.00M | $6.41B | $6.33B | $9.53B | $15.91B | $22.85B | $22.43B | $22.49B | $22.15B | $22.95B | $23.50B | $28.48B |
| Current liabilities | $35.40M | $51.10M | $63.30M | $83.40M | $101.00M | $612.00M | $704.00M | $1.30B | $1.19B | $2.13B | $2.09B | $3.35B | $2.40B | $2.62B | $3.23B | $3.25B |
| Long-term debt | $11.90M | $11.20M | $10.60M | $9.80M | $644.00M | $5.25B | $4.42B | $6.95B | $13.39B | $19.70B | $19.38B | $18.07B | $18.81B | $19.30B | $19.25B | $24.15B |
| Shareholder equity | $1.07B | $1.24B | $691.10M | $646.20M | $1.12B | $9.27B | $10.32B | $9.97B | $6.86B | $17.33B | $13.74B | $12.78B | $13.48B | $13.35B | $13.78B | $14.30B |
| Retained earnings | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $-11.30B | $-10.84B | $-864.00M | $-17.35B | $-13.76B | $-12.79B | $-13.29B | $-12.46B | — | — |
| Accounts receivable | — | $289.40M | $55.60M | $60.50M | $51.00M | $332.00M | $419.00M | $452.00M | $706.00M | $1.28B | $1.16B | $1.32B | $1.48B | $1.56B | $1.54B | $1.64B |
| Inventory | $9.90M | $9.00M | $8.90M | $11.60M | $11.70M | $49.00M | $54.00M | $65.00M | $77.00M | $110.00M | $118.00M | $142.00M | $148.00M | $159.00M | $180.00M | $172.00M |
| Goodwill | $134.80M | $134.20M | $104.70M | $104.70M | $105.00M | $2.56B | $2.20B | $2.25B | $2.59B | $9.54B | $7.66B | $7.66B | $7.64B | $7.64B | $7.64B | $8.76B |
Frequently asked questions
What is MPLX LP's revenue?
MPLX LP's trailing twelve-month revenue is $11.73B, and consensus projects about $17.28B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MPLX?
In its most recent fiscal year, MPLX ran a gross margin of 45.23%, an operating margin of 40.30%, and a net margin of 41.57%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MPLX generate?
MPLX produced $4.10B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MPLX's balance sheet healthy?
MPLX holds $2.14B in cash and equivalents against $24.15B in long-term debt, on $14.30B of shareholder equity. That debt is best read against the cash flow the business throws off each year.