MPLX LP
MPLX
57.05
-0.72
-1.25%
MPLX LP
US · MPLX
#380 by market cap
Listed 1970
57.05
-0.72
-1.25%
Live - 5344 symbols - heartbeat 252s ago
· 2026-10-08 07:55
Pre-market
56.98
-0.12%
After-hours
57.10
+0.09%
- Market cap
- 57.84B
- P/E (TTM)i
- 12.27
- P/Bi
- 4.12
- EPSi
- 4.82
- Div yieldi
- 7.34%
- 52W posi
- 79%
Reader sentiment
Are you bullish or bearish on MPLX?
Anonymous reader poll. Unscientific, not investment advice.
Revenue annual, last 8 years
Margins
- Gross margin
- 43.59%
- Operating margin
- 41.50%
- Net margin
- 42.81%
Key ratios & quality
- Enterprise valuei
- 81.41B
- PEG ratioi
- 1.62
PEG uses trailing P/E against the 3-year net income growth rate (7.59%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG."
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross profit | 2.77B | 3.67B | 3.75B | 4.06B | 4.29B | 4.56B | 4.82B | 5.00B |
| Selling & admin expenses | 316.00M | 388.00M | 378.00M | 353.00M | 335.00M | 379.00M | 427.00M | 446.00M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 2.48B | 3.28B | 3.35B | 3.71B | 4.44B | 4.21B | 4.47B | 4.76B |
| Pretax profit | 2.01B | 1.46B | -685.00M | 3.11B | 3.99B | 3.98B | 4.37B | 4.96B |
| Tax | 8.00M | 0 | 2.00M | 1.00M | 8.00M | 11.00M | 10.00M | 8.00M |
| Net profit | 2.01B | 1.46B | -687.00M | 3.11B | 3.98B | 3.97B | 4.36B | 4.95B |
| Basic EPS | 2 | 1 | -1 | 3 | 4 | 4 | 4 | 5 |
| Diluted EPS | 2.29 | 1.00 | -0.80 | 2.86 | 3.75 | 3.80 | 4.21 | 4.82 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | -- |
| Gross profit | 1.27B | 1.22B | 1.25B | 1.26B | 1.13B | 1.29B |
| Selling & admin expenses | 112.00M | 107.00M | 126.00M | 101.00M | 114.00M | 108.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.18B | 1.12B | 1.13B | 1.33B | 1.03B | 1.20B |
| Pretax profit | 1.14B | 1.06B | 1.56B | 1.21B | 923.00M | 1.09B |
| Tax | 1.00M | 1.00M | 3.00M | 3.00M | 1.00M | 2.00M |
| Net profit | 1.14B | 1.06B | 1.56B | 1.20B | 922.00M | 1.09B |
| Basic EPS | 1 | 1 | 2 | 1 | 1 | 1 |
| Diluted EPS | 1.10 | 1.03 | 1.52 | 1.17 | 0.90 | 1.06 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.44B | 1.48B | 1.52B | 1.51B | 1.91B | 2.81B | 3.28B | 3.99B |
| Cash & ST investments | 77.00M | 15.00M | 15.00M | 13.00M | 238.00M | 1.05B | 1.52B | 2.14B |
| Inventory | 98.00M | 110.00M | 118.00M | 142.00M | 148.00M | 159.00M | 180.00M | 172.00M |
| Total assets | 39.33B | 40.43B | 36.41B | 35.51B | 35.67B | 36.53B | 37.51B | 43.01B |
| Total current liabilities | 2.27B | 2.13B | 2.09B | 3.35B | 2.40B | 2.62B | 3.24B | 3.25B |
| Short-term debt | -- | 76.00M | 828.00M | 559.00M | 1.04B | 1.18B | 1.74B | 1.56B |
| Long-term debt | 17.92B | 19.70B | 19.38B | 18.07B | 18.81B | 19.29B | 19.25B | 24.15B |
| Total liabilities | 21,594,000,000.00 | 23,817,000,000.00 | 22,429,000,000.00 | 22,490,000,000.00 | 22,151,000,000.00 | 22,945,000,000.00 | 23,501,000,000.00 | 28,477,000,000.00 |
| Total equity | 17.73B | 16.61B | 13.99B | 13.02B | 13.51B | 13.58B | 14.01B | 14.53B |
| Retained earnings | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 4.52B | 3.17B | 4.60B | 3.99B | 3.52B | 2.88B |
| Cash & ST investments | 2.53B | 1.39B | 1.77B | 2.14B | 1.51B | 1.03B |
| Inventory | 186.00M | 192.00M | 175.00M | 172.00M | 178.00M | 200.00M |
| Total assets | 38.97B | 37.84B | 43.23B | 43.01B | 42.93B | 42.97B |
| Total current liabilities | 4.17B | 3.07B | 3.50B | 3.25B | 3.19B | 3.22B |
| Short-term debt | 3.04B | 1.55B | 1.55B | 1.56B | 1.31B | 1.31B |
| Long-term debt | 19.72B | 19.73B | 24.15B | 24.15B | 24.38B | 24.39B |
| Total liabilities | 24,904,000,000.00 | 23,792,000,000.00 | 28,703,000,000.00 | 28,477,000,000.00 | 28,636,000,000.00 | 28,717,000,000.00 |
| Total equity | 14.07B | 14.05B | 14.52B | 14.53B | 14.30B | 14.25B |
| Retained earnings | -- | -- | -- | -- | -- | -- |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3.07B | 4.08B | 4.52B | 4.91B | 5.02B | 5.40B | 5.95B | 5.91B |
| Depreciation & amortization | 867.00M | 1.25B | 1.38B | 1.29B | 1.23B | 1.21B | 1.28B | 1.35B |
| Free cash flow | 960.00M | 1.67B | 3.34B | 4.38B | 4.21B | 4.46B | 4.89B | 4.10B |
| Dividends paid | -6.24B | -3.04B | -3.01B | -3.57B | -3.05B | -3.30B | -3.60B | -4.02B |
| Stock buybacks / issuance | 0 | 0 | -33.00M | -630.00M | -491.00M | 0 | -326.00M | -400.00M |
| Ending cash balance | 85.00M | 15.00M | 15.00M | 13.00M | 238.00M | 1.05B | 1.52B | 2.14B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 1.25B | 1.74B | 1.43B | 1.50B | 1.35B | 1.70B |
| Depreciation & amortization | 326.00M | 324.00M | 346.00M | 355.00M | 358.00M | 365.00M |
| Free cash flow | 979.00M | 1.44B | 905.00M | 782.00M | 772.00M | 877.00M |
| Dividends paid | -978.00M | -976.00M | -975.00M | -1.10B | -1.09B | -1.09B |
| Stock buybacks / issuance | -100.00M | -100.00M | -100.00M | -100.00M | -50.00M | -50.00M |
| Ending cash balance | 2.53B | 1.39B | 1.77B | 2.14B | 1.51B | 1.03B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 21.08 | 8.11 | -5.78 | 22.98 | 29.10 | 28.76 | 31.63 | 34.99 |
| ROA %i | 8.25 | 2.96 | -2.19 | 8.16 | 10.65 | 10.61 | 11.59 | 12.20 |
| ROIC %i | 12.37 | 6.32 | -0.67 | 11.42 | 14.18 | 13.93 | 14.79 | 15.52 |
| 5-year avg ROE %i | 7.89 | 4.80 | 3.29 | 7.71 | 12.78 | 15.99 | 21.25 | 29.36 |
| EBIT margin %i | 39.17 | 26.94 | 1.81 | 40.79 | 45.86 | 46.71 | 48.71 | 52.21 |
| FCF / sales %i | 14.92 | 19.41 | 40.48 | 45.77 | 39.97 | 42.74 | 44.85 | 35.74 |
| Current ratioi | 0.63 | 0.70 | 0.73 | 0.45 | 0.79 | 1.07 | 1.01 | 1.23 |
| Quick ratioi | 0.55 | 0.59 | 0.55 | 0.39 | 0.71 | 1.00 | 0.95 | 1.16 |
| Debt / assetsi | 45.57 | 50.24 | 56.78 | 53.69 | 56.92 | 57.25 | 57.15 | 60.83 |
| LT debt / equityi | 101.97 | 123.66 | 144.45 | 144.84 | 145.11 | 147.82 | 142.94 | 172.05 |
| Interest coveragei | 4.42 | 2.70 | 0.18 | 4.93 | 5.70 | 5.43 | 5.63 | 5.82 |
| Revenue CAGR (3Y) %i | 85.98 | 42.07 | 31.53 | 12.91 | 6.89 | 7.50 | 4.43 | 2.87 |
| Net income CAGR (3Y) %i | 126.72 | 64.28 | -- | 19.17 | 56.30 | -- | 11.95 | 7.59 |
| FCF CAGR (3Y) %i | 117.74 | 111.08 | 88.80 | 65.88 | 36.02 | 10.14 | 3.72 | -0.89 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 32.45 | 31.29 | 34.32 | 34.99 | 33.67 | 33.95 |
| ROA %i | 11.72 | 11.27 | 11.77 | 12.20 | 11.47 | 11.70 |
| ROIC %i | 14.72 | 14.33 | 14.84 | 15.52 | 14.80 | 15.34 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 48.65 | 47.12 | 51.23 | 52.21 | 51.22 | 50.67 |
| FCF / sales %i | 43.20 | 43.54 | 41.03 | 35.74 | 34.18 | 28.54 |
| Current ratioi | 1.08 | 1.03 | 1.31 | 1.23 | 1.10 | 0.89 |
| Quick ratioi | 1.03 | 0.96 | 0.95 | 1.16 | 1.02 | 0.81 |
| Debt / assetsi | 59.55 | 57.38 | 60.47 | 60.83 | 60.87 | 60.82 |
| LT debt / equityi | 145.76 | 145.91 | 171.99 | 172.05 | 176.45 | 176.99 |
| Interest coveragei | 5.70 | 5.54 | 5.95 | 5.82 | 5.36 | 5.17 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Crude Oil and Products Logistics is the largest reported line at 52.11% of revenue, across 2 reported segments.
- Natural Gas and Natural Gas Liquids (NGL) Services follows at 47.89%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Crude Oil and Products Logistics52.11%
Natural Gas and Natural Gas Liquids (NGL) Services47.89%
Quote time 2026-10-08 07:55:35 · For reference only, not investment advice and not tailored to your situation.