MPLX LP PFD CL A (MPLXP) Financials

MPLXP

Trailing 12 months to June 30, 2026

Revenue $13.2B +8.7% YoY

Net Income $4.8B +9.6% YoY

Free Cash Flow $3.3B -32.1% YoY

Operating Cash Flow $6.0B -1.6% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MPLXP SEC filings page.

MPLX LP PFD CL A (MPLXP) reported $13.2B in revenue over the twelve months to Jun 30, 2026, up 8.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MPLXP FY2025 2026-09-05

Profit growth is increasingly paired with heavier reinvestment and leverage, not simply cleaner conversion of sales into cash.

In FY2025, operating cash flow exceeded net income at $5.9B versus $5.0B, so reported earnings were converting into cash. Yet free cash flow weakened as capital expenditures rose from $1.1B in FY2024 to $1.8B in FY2025, showing that reinvestment absorbed more of the internally generated cash.

Operating margin widened from 44.3% in FY2024 to 45.7% in FY2025 while selling, general and administrative expense increased, indicating operating leverage rather than growth being purchased solely through overhead cuts.

Debt-to-equity increased from 1.4x in FY2024 to 1.7x in FY2025, indicating expansion relied more heavily on creditors relative to shareholders. At the same time, the current ratio improved to 1.2x, separating stronger short-term coverage from the longer-term increase in leverage.

Financial Health Signals

Financial health score not available

MPLX LP PFD CL A does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

5/8

MPLX LP PFD CL A passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.19x

For every $1 of reported earnings, MPLX LP PFD CL A generates $1.19 in operating cash flow ($5.9B OCF vs $5.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

5.54x

MPLX LP PFD CL A earns $5.54 in operating income for every $1 of interest expense ($5.9B vs $1.1B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.3B

YoY+10.3%

QoQ+9.0%

5Y CAGR+6.7%

10Y CAGR+16.8%

MPLX LP PFD CL A generated $3.3B in revenue in Q2 2026. This represents an increase of 10.3% from the same quarter a year earlier. Against the prior quarter it is up 9.0%.

EBITDA

$1.7B

YoY+7.1%

QoQ+11.1%

MPLX LP PFD CL A's EBITDA was $1.7B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.1% from the same quarter a year earlier. Against the prior quarter it is up 11.1%.

Net Income

$1.1B

YoY+2.7%

QoQ+17.9%

5Y CAGR+9.0%

10Y CAGR+49.9%

MPLX LP PFD CL A reported $1.1B in net income in Q2 2026. This represents an increase of 2.7% from the same quarter a year earlier. Against the prior quarter it is up 17.9%.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$877.0M

YoY-38.9%

QoQ+13.6%

5Y CAGR-6.9%

10Y CAGR+34.0%

MPLX LP PFD CL A generated $877.0M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 38.9% from the same quarter a year earlier. Against the prior quarter it is up 13.6%.

Cash & Debt

$1.0B

YoY-25.6%

QoQ-31.5%

5Y CAGR+164.3%

10Y CAGR+40.3%

MPLX LP PFD CL A held $1.0B in cash against $24.4B in long-term debt as of Q2 2026.

Shares Outstanding

1.01B

YoY-0.5%

QoQ-0.1%

5Y CAGR-0.2%

MPLX LP PFD CL A had 1.01B shares outstanding in Q2 2026. This represents a decrease of 0.5% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Operating Margin

41.6%

YoY-1.4pp

QoQ+1.7pp

MPLX LP PFD CL A's operating margin was 41.6% in Q2 2026, reflecting core business profitability. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.

Net Margin

32.8%

YoY-2.4pp

QoQ+2.5pp

5Y change+3.3pp

10Y change+30.1pp

MPLX LP PFD CL A's net profit margin was 32.8% in Q2 2026, showing the share of revenue converted to profit. This is down 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.5 percentage points.

Return on Equity

7.6%

YoY+0.1pp

QoQ+1.2pp

5Y change+2.5pp

10Y change+7.5pp

MPLX LP PFD CL A's ROE was 7.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$50.0M

YoY-50.0%

QoQ0.0%

5Y CAGR-20.3%

MPLX LP PFD CL A spent $50.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 50.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Capital Expenditures

$825.0M

YoY+174.1%

QoQ+43.5%

5Y CAGR+49.9%

10Y CAGR+10.6%

MPLX LP PFD CL A invested $825.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 174.1% from the same quarter a year earlier. Against the prior quarter it is up 43.5%.

R&D Spending

Not reported for Q2 2026.

MPLXP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MPLXP quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$13.2B	$13.0B+8.9%	$11.9B+5.8%	$11.3B-2.9%	$11.6B+15.8%	$10.0B+32.5%	$7.6B-16.3%	$9.0B+29.1%	$7.0B+81.1%	$3.9B+27.7%	$3.0B+175.1%	$1.1B+38.8%	$793.0M+11.2%	$713.0M	N/A
SG&A Expenses	$449.0M	$446.0M+4.4%	$427.0M+12.7%	$379.0M+13.1%	$335.0M-5.1%	$353.0M-6.6%	$378.0M-2.6%	$388.0M+22.8%	$316.0M+31.1%	$241.0M+6.2%	$227.0M+81.6%	$125.0M+54.3%	$81.0M+17.4%	$69.0M	N/A
Operating Income	$5.9B	$5.9B+12.4%	$5.3B+7.9%	$4.9B-0.2%	$4.9B+23.0%	$4.0B+1791.9%	$211.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	$1.6B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.2B	$1.1B+11.3%	$963.0M+5.6%	$912.0M+7.0%	$852.0M+8.5%	$785.0M-5.3%	$829.0M-2.6%	$851.0M+44.2%	$590.0M+99.3%	$296.0M+41.0%	$210.0M+500.0%	$35.0M+560.4%	$5.3M+381.8%	$1.1M	N/A
Income Tax	N/A	N/A	$10.0M-9.1%	$11.0M+37.5%	$8.0M+700.0%	$1.0M-50.0%	$2.0M	$0-100.0%	$8.0M+700.0%	$1.0M+108.3%	-$12.0M-1300.0%	$1.0M0.0%	$1.0M0.0%	$1.0M	N/A
Net Income	$4.8B	$5.0B+13.7%	$4.4B+10.9%	$3.9B-0.4%	$3.9B+28.2%	$3.1B+527.4%	-$720.0M-169.7%	$1.0B-43.2%	$1.8B+129.0%	$794.0M+240.8%	$233.0M+49.4%	$156.0M+28.9%	$121.0M+55.1%	$78.0M+495.4%	$13.1M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$3.3B+10.3%	$3.0B-2.8%	$3.3B+6.2%	$3.6B+21.8%	$3.0B-1.6%	$3.1B+9.8%	$3.1B+3.3%	$3.0B+2.1%
SG&A Expenses	$108.0M+0.9%	$114.0M+1.8%	$101.0M-2.9%	$126.0M+17.8%	$107.0M0.0%	$112.0M+2.8%	$104.0M+5.1%	$107.0M+4.9%
Operating Income	$1.4B+6.6%	$1.2B-11.1%	$1.5B+10.4%	$1.8B+41.3%	$1.3B-8.9%	$1.4B+9.2%	$1.3B-2.3%	$1.3B+10.5%
EBITDA	$1.7B+7.1%	$1.5B-7.9%	N/A	N/A	$1.6B	$1.7B	N/A	N/A
Interest Expense	$322.0M+30.4%	$314.0M+30.3%	$305.0M+24.0%	$279.0M+11.2%	$247.0M+3.8%	$241.0M+5.7%	$246.0M+7.9%	$251.0M+10.6%
Income Tax	$2.0M+100.0%	$1.0M0.0%	N/A	$3.0M+50.0%	$1.0M-50.0%	$1.0M0.0%	$5.0M-44.4%	$2.0M+100.0%
Net Income	$1.1B+2.7%	$922.0M-18.8%	$1.2B+8.5%	$1.6B+48.5%	$1.1B-10.8%	$1.1B+11.9%	$1.1B-2.2%	$1.0B+14.1%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

MPLXP Balance Sheet

MPLXP quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$43.0B+14.6%	$37.5B+2.7%	$36.5B+2.4%	$35.7B+0.4%	$35.5B-2.5%	$36.4B-9.9%	$40.4B+2.8%	$39.3B+101.7%	$19.5B+11.4%	$17.5B+6.7%	$16.4B+962.4%	$1.5B+27.8%	$1.2B-7.1%	$1.3B
Current Assets	$4.0B+21.9%	$3.3B+16.7%	$2.8B+47.4%	$1.9B+26.4%	$1.5B-0.5%	$1.5B+2.1%	$1.5B+3.1%	$1.4B+157.6%	$559.0M-35.6%	$868.0M+36.9%	$634.0M+534.0%	$100.0M-26.0%	$135.1M-52.4%	$283.8M
Cash & Equivalents	$2.1B+40.7%	$1.5B+44.9%	$1.0B+340.3%	$238.0M+1730.8%	$13.0M-13.3%	$15.0M0.0%	$15.0M-80.5%	$77.0M+1440.0%	$5.0M-97.9%	$234.0M+444.2%	$43.0M+59.3%	$27.0M-50.0%	$54.0M-75.1%	$217.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$735.0M+2.4%	$718.0M-12.8%	$823.0M+11.7%	$737.0M+12.7%	$654.0M+44.7%	$452.0M-23.8%	$593.0M-2.9%	$611.0M+109.2%	$292.0M-2.3%	$299.0M+21.1%	$247.0M+2370.0%	$10.0M-18.0%	$12.2M-30.7%	$17.6M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$8.8B+14.5%	$7.6B0.0%	$7.6B0.0%	$7.6B-0.2%	$7.7B0.0%	$7.7B-19.7%	$9.5B-4.8%	$10.0B+346.1%	$2.2B0.0%	$2.2B-13.5%	$2.6B+2137.1%	$116.0M+10.8%	$104.7M0.0%	$104.7M
Total Liabilities	$28.5B+21.2%	$23.5B+2.4%	$22.9B+3.6%	$22.2B-1.5%	$22.5B+0.3%	$22.4B-1.8%	$22.8B+11.0%	$20.6B+141.5%	$8.5B+57.9%	$5.4B-16.4%	$6.5B+749.7%	$760.0M+705.1%	$94.4M+26.7%	$74.5M
Current Liabilities	$3.2B+0.4%	$3.2B+23.3%	$2.6B+9.3%	$2.4B-28.3%	$3.3B+60.5%	$2.1B-2.2%	$2.1B-6.0%	$2.3B+73.9%	$1.3B+70.9%	$763.0M+18.3%	$645.0M+497.2%	$108.0M+29.5%	$83.4M+31.8%	$63.3M
Non-Current Liabilities	$25.2B+24.5%	$20.3B-0.3%	$20.3B+2.9%	$19.8B+3.2%	$19.1B-5.9%	$20.3B-1.8%	$20.7B+13.1%	$18.3B+153.7%	$7.2B+55.8%	$4.6B-20.2%	$5.8B+791.6%	$652.0M+5827.3%	$11.0M-1.8%	$11.2M
Long-Term Debt	$24.2B+25.4%	$19.3B-0.2%	$19.3B+2.6%	$18.8B+4.1%	$18.1B-6.7%	$19.4B-1.7%	$19.7B+9.9%	$17.9B+158.1%	$6.9B+57.1%	$4.4B-15.9%	$5.3B+716.0%	$644.0M+6471.4%	$9.8M-7.5%	$10.6M
Total Equity	$14.5B+3.7%	$14.0B+3.1%	$13.6B+0.5%	$13.5B+3.8%	$13.0B-6.9%	$14.0B-20.5%	$17.6B-6.2%	$18.7B+70.7%	$11.0B-9.4%	$12.1B+25.3%	$9.7B+1133.0%	$784.0M-44.0%	$1.4B-6.0%	$1.5B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$43.0B+13.6%	$42.9B+10.2%	$43.0B+14.6%	$43.2B+12.2%	$37.8B-1.5%	$39.0B+6.9%	$37.5B+2.7%	$38.5B+6.6%
Current Assets	$2.9B-9.4%	$3.5B-22.1%	$4.0B+21.9%	$4.6B+8.9%	$3.2B-24.4%	$4.5B+111.4%	$3.3B+16.7%	$4.2B+54.2%
Cash & Equivalents	$1.0B-25.6%	$1.5B-40.6%	$2.1B+40.7%	$1.8B-27.2%	$1.4B-44.6%	$2.5B+558.2%	$1.5B+44.9%	$2.4B+152.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$672.0M-8.7%	$769.0M-10.4%	$735.0M+2.4%	$729.0M-1.8%	$736.0M-1.5%	$858.0M+14.1%	$718.0M-12.8%	$742.0M-10.9%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$8.7B+14.3%	$8.7B+14.3%	$8.8B+14.5%	$8.7B+14.2%	$7.6B0.0%	$7.6B0.0%	$7.6B0.0%	$7.6B0.0%
Total Liabilities	$28.7B+20.7%	$28.6B+15.0%	$28.5B+21.2%	$28.7B+17.0%	$23.8B-3.0%	$24.9B+9.2%	$23.5B+2.4%	$24.5B+7.6%
Current Liabilities	$3.2B+5.1%	$3.2B-23.4%	$3.2B+0.4%	$3.5B-17.9%	$3.1B-27.4%	$4.2B+40.8%	$3.2B+23.3%	$4.3B+205.0%
Non-Current Liabilities	$25.5B+23.0%	$25.4B+22.7%	$25.2B+24.5%	$25.2B+24.4%	$20.7B+2.1%	$20.7B+4.4%	$20.3B-0.3%	$20.3B-5.3%
Long-Term Debt	$24.4B+23.6%	$24.4B+23.6%	$24.2B+25.4%	$24.1B+25.4%	$19.7B+2.5%	$19.7B+4.9%	$19.3B-0.2%	$19.3B-5.7%
Total Equity	$14.3B+1.4%	$14.3B+1.6%	$14.5B+3.7%	$14.5B+3.9%	$14.0B+1.2%	$14.1B+3.1%	$14.0B+3.1%	$14.0B+5.0%

Not reported in any period shown, so not listed: Inventory, Retained Earnings.

MPLXP Cash Flow Statement

MPLXP quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$6.0B	$5.9B-0.6%	$5.9B+10.2%	$5.4B+7.5%	$5.0B+2.2%	$4.9B+8.6%	$4.5B+10.8%	$4.1B+32.9%	$3.1B+61.0%	$1.9B+27.9%	$1.5B+249.2%	$427.0M+27.8%	$334.0M+12.5%	$297.0M	N/A
Depreciation & Amortization	N/A	N/A	N/A	N/A	N/A	N/A	$1.4B+9.4%	$1.3B+39.1%	$905.0M+25.5%	$721.0M+22.0%	$591.0M+358.1%	$129.0M+72.0%	$75.0M+7.1%	$70.0M	N/A
Stock-Based Compensation	N/A	N/A	N/A	N/A	N/A	N/A	$14.0M-36.4%	$22.0M-8.3%	$24.0M+260.0%	-$15.0M-50.0%	-$10.0M	N/A	N/A	N/A	N/A
Capital Expenditures	$2.6B	$1.8B+71.2%	$1.1B+12.7%	$937.0M+16.3%	$806.0M+52.4%	$529.0M-55.3%	$1.2B-50.9%	$2.4B+14.1%	$2.1B+49.6%	$1.4B+7.5%	$1.3B+293.1%	$334.0M+136.9%	$141.0M-6.6%	$151.0M	N/A
Free Cash Flow	$3.3B	$4.1B-16.1%	$4.9B+9.6%	$4.5B+5.9%	$4.2B-3.9%	$4.4B+31.3%	$3.3B+99.4%	$1.7B+74.4%	$960.0M+93.5%	$496.0M+178.7%	$178.0M+91.4%	$93.0M-51.8%	$193.0M+32.2%	$146.0M	N/A
Investing Cash Flow	-$5.5B	-$4.9B-143.4%	-$2.0B-59.3%	-$1.3B-31.0%	-$956.0M-84.6%	-$518.0M+59.0%	-$1.3B+58.8%	-$3.1B-6.4%	-$2.9B-24.7%	-$2.3B-62.9%	-$1.4B+16.0%	-$1.7B-1130.7%	-$137.0M+13.3%	-$158.0M	N/A
Financing Cash Flow	-$859.0M	-$435.0M+87.5%	-$3.5B-4.3%	-$3.3B+13.1%	-$3.8B+12.7%	-$4.4B-34.9%	-$3.3B-199.3%	-$1.1B-830.8%	-$117.0M-168.4%	$171.0M+51.3%	$113.0M-91.1%	$1.3B+669.2%	-$224.0M+25.8%	-$302.0M	N/A
Share Buybacks	$300.0M	$400.0M+22.7%	$326.0M	$0-100.0%	$491.0M-22.1%	$630.0M+1809.1%	$33.0M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$1.7B-2.0%	$1.3B+8.1%	$1.5B-10.7%	$1.4B+1.1%	$1.7B+10.9%	$1.2B-3.5%	$1.7B+12.5%	$1.4B+13.7%
Depreciation & Amortization	$320.0M+9.2%	$315.0M+6.8%	N/A	N/A	$293.0M	$295.0M	N/A	N/A
Capital Expenditures	$825.0M+174.1%	$575.0M+115.4%	$714.0M+131.8%	$526.0M+87.9%	$301.0M+41.3%	$267.0M+4.7%	$308.0M+12.0%	$280.0M+21.7%
Free Cash Flow	$877.0M-38.9%	$772.0M-21.1%	$782.0M-42.8%	$905.0M-20.3%	$1.4B+6.1%	$979.0M-5.5%	$1.4B+12.6%	$1.1B+11.9%
Investing Cash Flow	-$1.0B-70.8%	-$791.0M-31.6%	$78.0M+122.3%	-$3.7B-596.1%	-$602.0M-428.1%	-$601.0M+39.7%	-$349.0M+33.5%	-$536.0M-127.1%
Financing Cash Flow	-$1.1B+49.6%	-$1.2B-420.8%	-$1.2B+46.2%	$2.7B+380.8%	-$2.3B-443.2%	$370.0M+138.6%	-$2.2B-154.9%	-$954.0M-18.8%
Share Buybacks	$50.0M-50.0%	$50.0M-50.0%	$100.0M0.0%	$100.0M+31.6%	$100.0M+33.3%	$100.0M+33.3%	$100.0M	$76.0M

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid.

MPLXP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MPLXP quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Margin	45.7%+1.4pp	44.3%+0.9pp	43.4%+1.2pp	42.3%+2.5pp	39.8%+37.0pp	2.8%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	38.1%+1.6pp	36.5%+1.7pp	34.8%+0.9pp	34.0%+3.3pp	30.7%+40.2pp	-9.5%-20.9pp	11.4%-14.5pp	25.9%+5.4pp	20.5%+12.8pp	7.7%-6.5pp	14.2%-1.1pp	15.3%+4.3pp	10.9%	N/A
Return on Equity	34.1%+3.0pp	31.1%+2.2pp	28.9%-0.3pp	29.2%+5.5pp	23.6%+28.8pp	-5.1%-11.0pp	5.9%-3.8pp	9.7%+2.5pp	7.2%+5.3pp	1.9%+0.3pp	1.6%-13.8pp	15.4%+9.8pp	5.6%+4.7pp	0.9%
Return on Assets	11.5%-0.1pp	11.6%+0.9pp	10.8%-0.3pp	11.1%+2.4pp	8.7%+10.7pp	-2.0%-4.5pp	2.6%-2.1pp	4.6%+0.5pp	4.1%+2.7pp	1.3%+0.4pp	0.9%-6.9pp	7.8%+1.4pp	6.5%+5.4pp	1.0%
Current Ratio	1.23+0.2x	1.01-0.1x	1.07+0.3x	0.79+0.3x	0.45-0.3x	0.730.0x	0.70+0.1x	0.63+0.2x	0.43-0.7x	1.14+0.2x	0.98+0.1x	0.93-0.7x	1.62-2.9x	4.48
Debt-to-Equity	1.66+0.3x	1.370.0x	1.420.0x	1.390.0x	1.390.0x	1.39+0.3x	1.12+0.2x	0.96+0.3x	0.63+0.3x	0.37-0.2x	0.54-0.3x	0.82+0.8x	0.010.0x	0.01
Asset Turnover	0.300.0x	0.320.0x	0.310.0x	0.330.0x	0.28+0.1x	0.210.0x	0.220.0x	0.180.0x	0.200.0x	0.17+0.1x	0.07-0.4x	0.51-0.1x	0.59	N/A
FCF Margin	31.6%-9.4pp	41.0%+1.4pp	39.5%+3.3pp	36.3%-7.4pp	43.7%-0.4pp	44.1%+25.6pp	18.5%+4.8pp	13.7%+0.9pp	12.8%+7.0pp	5.9%-2.6pp	8.5%-15.9pp	24.3%+3.9pp	20.5%	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	41.6%-1.4pp	40.0%-3.8pp	45.6%+1.8pp	49.8%+6.9pp	43.1%-3.4pp	43.7%-0.2pp	43.9%-2.5pp	42.9%+3.3pp
Net Margin	32.8%-2.4pp	30.3%-6.0pp	37.0%+0.8pp	43.0%+7.7pp	35.2%-3.6pp	36.4%+0.7pp	36.2%-2.0pp	35.2%+3.7pp
Return on Equity	7.6%+0.1pp	6.5%-1.6pp	8.3%+0.4pp	10.7%+3.2pp	7.5%-1.0pp	8.1%+0.6pp	7.9%-0.4pp	7.5%+0.6pp
Return on Assets	2.5%-0.3pp	2.1%-0.8pp	2.8%-0.2pp	3.6%+0.9pp	2.8%-0.3pp	2.9%+0.1pp	3.0%-0.1pp	2.7%+0.2pp
Current Ratio	0.89-0.1x	1.100.0x	1.23+0.2x	1.31+0.3x	1.030.0x	1.08+0.4x	1.01-0.1x	0.99-1.0x
Debt-to-Equity	1.71+0.3x	1.71+0.3x	1.66+0.3x	1.66+0.3x	1.400.0x	1.400.0x	1.370.0x	1.38-0.2x
Asset Turnover	0.080.0x	0.070.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x
FCF Margin	26.5%-21.3pp	25.4%-5.9pp	24.1%-20.6pp	25.0%-13.2pp	47.8%+3.5pp	31.3%-5.1pp	44.6%+3.7pp	38.2%+3.4pp

Not reported in any period shown, so not listed: Gross Margin.

Where MPLX LP PFD CL A Ranks

Frequently Asked Questions

What is MPLX LP PFD CL A's annual revenue?

MPLX LP PFD CL A (MPLXP) reported $13.0B in total revenue for fiscal year 2025. This represents a 8.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is MPLX LP PFD CL A's revenue growing?

MPLX LP PFD CL A (MPLXP) revenue grew by 8.9% year-over-year, from $11.9B to $13.0B in fiscal year 2025.

Is MPLX LP PFD CL A profitable?

Yes, MPLX LP PFD CL A (MPLXP) reported a net income of $5.0B in fiscal year 2025, with a net profit margin of 38.1%.

How much debt does MPLX LP PFD CL A have?

As of fiscal year 2025, MPLX LP PFD CL A (MPLXP) had $2.1B in cash and equivalents against $24.2B in long-term debt.

What is MPLX LP PFD CL A's operating margin?

MPLX LP PFD CL A (MPLXP) had an operating margin of 45.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is MPLX LP PFD CL A's net profit margin?

MPLX LP PFD CL A (MPLXP) had a net profit margin of 38.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is MPLX LP PFD CL A's return on equity (ROE)?

MPLX LP PFD CL A (MPLXP) has a return on equity of 34.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is MPLX LP PFD CL A's free cash flow?

MPLX LP PFD CL A (MPLXP) generated $4.1B in free cash flow during fiscal year 2025. This represents a -16.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is MPLX LP PFD CL A's operating cash flow?

MPLX LP PFD CL A (MPLXP) generated $5.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are MPLX LP PFD CL A's total assets?

MPLX LP PFD CL A (MPLXP) had $43.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are MPLX LP PFD CL A's capital expenditures?

MPLX LP PFD CL A (MPLXP) invested $1.8B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does MPLX LP PFD CL A buy back shares?

Yes, MPLX LP PFD CL A (MPLXP) spent $400.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does MPLX LP PFD CL A have outstanding?

MPLX LP PFD CL A (MPLXP) had 1.02B shares outstanding as of fiscal year 2025.

What is MPLX LP PFD CL A's current ratio?

MPLX LP PFD CL A (MPLXP) had a current ratio of 1.23 as of fiscal year 2025, which is considered adequate.

What is MPLX LP PFD CL A's debt-to-equity ratio?

MPLX LP PFD CL A (MPLXP) had a debt-to-equity ratio of 1.66 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is MPLX LP PFD CL A's return on assets (ROA)?

MPLX LP PFD CL A (MPLXP) had a return on assets of 11.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is MPLX LP PFD CL A's Piotroski F-Score?

MPLX LP PFD CL A (MPLXP) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are MPLX LP PFD CL A's earnings high quality?

MPLX LP PFD CL A (MPLXP) has an earnings quality ratio of 1.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can MPLX LP PFD CL A cover its interest payments?

MPLX LP PFD CL A (MPLXP) has an interest coverage ratio of 5.54x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.