MPLX LP files 2025 Form 10-K

Rhea-AI Summary

MPLX (NYSE: MPLX) filed its Annual Report on Form 10-K for the year ended Dec. 31, 2025 with the U.S. Securities and Exchange Commission on Feb. 26, 2026.

Investors can view the filing via the Investors > SEC Filings link at www.mplx.com or request a free hard copy by written request to Investor Relations in Findlay, OH.

Market Reality Check

Price: $58.53 Vol: Volume 1,254,757 is below...

low vol

$58.53 Last Close

Volume Volume 1,254,757 is below the 20-day average of 2,125,863 ahead of this filing. low

Technical Shares at $58.53 are trading above the 200-day MA of $52.16 and 1.22% below the 52-week high of $59.25.

Peers on Argus

MPLX slipped 0.61% with mixed peer moves: ET down 1.38%, TRP down slightly, whil...

1 Up

MPLX slipped 0.61% with mixed peer moves: ET down 1.38%, TRP down slightly, while OKE and KMI were modestly positive. Momentum scanner only flagged TRGP moving up, suggesting stock-specific rather than broad sector momentum.

Historical Context

5 past events · Latest: Feb 05 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 05	Debt offering	Neutral	-0.7%	Priced $1.5B senior notes to refinance upcoming March 2026 maturity.
Feb 03	Earnings results	Positive	-0.1%	Reported strong 2025 net income, EBITDA, and substantial returns to unitholders.
Jan 29	Distribution announcement	Positive	+0.9%	Declared $1.0765 quarterly cash distribution, annualized at $4.31 per unit.
Jan 05	Earnings date set	Neutral	-2.0%	Scheduled Q4 and full-year 2025 results call and webcast details.
Nov 24	Pipeline expansion	Positive	-1.5%	Eiger Express pipeline capacity increase with MPLX as a joint venture owner.

Pattern Detected

Recent MPLX news often saw mild price moves, with some positive fundamentals (earnings, distributions, growth projects) met by flat-to-negative reactions.

Recent Company History

Over the last several months, MPLX has focused on capital structure, distributions, and growth. On Feb 3, 2026, it reported full-year 2025 net income of $4.9 billion and adjusted EBITDA of $7.0 billion, along with $4.4 billion returned to unitholders and a $2.4 billion 2026 organic growth capital plan. A quarterly cash distribution of $1.0765 per unit (annualized $4.31) was announced for Q4 2025. Earlier, MPLX priced $1.5 billion in senior notes and highlighted its role in the Eiger Express pipeline expansion. Today’s routine Form 10-K filing formalizes the previously reported 2025 results.

Market Pulse Summary

This announcement formalizes MPLX’s 2025 results through its Annual Report on Form 10-K for the year...

Analysis

This announcement formalizes MPLX’s 2025 results through its Annual Report on Form 10-K for the year ended Dec. 31, 2025. Most financial details were already outlined in earlier earnings releases, so the filing primarily provides audited financial statements and comprehensive disclosures. In context of recent actions—such as 2025 results, distributions, debt refinancing, and growth projects—investors may focus on risk factors, capital allocation discussion, and any updates in legal or regulatory sections within the full 10-K.

Key Terms

securities and exchange commission, form 10-k, unitholders

3 terms

securities and exchange commission regulatory

"today filed with the U.S. Securities and Exchange Commission its Annual Report"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

form 10-k regulatory

"its Annual Report on Form 10-K for the year ended Dec. 31, 2025."

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

unitholders financial

"Upon written request, unitholders may receive, free of charge, a hard copy"

Unitholders are people or entities that own one or more units in an investment fund, trust, or partnership. Think of a unit like a slice of a pie that represents a proportional claim on the fund’s assets, income and sometimes voting rights; the value and payouts to unitholders rise or fall with the underlying holdings. Investors care because unit holdings determine how returns, fees and decisions are shared and affect their income and capital exposure.

AI-generated analysis. Not financial advice.

FINDLAY, Ohio, Feb. 26, 2026 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the year ended Dec. 31, 2025. The filing can be viewed through a link on MPLX's website at www.mplx.com by selecting the "SEC Filings" link under the "Investors" tab.

Upon written request, unitholders may receive, free of charge, a hard copy of MPLX's Annual Report on Form 10-K (including complete audited financial statements). Requests should be communicated in writing to MPLX LP, Attention: Investor Relations, 200 E. Hardin Street, Findlay, OH 45840.

About MPLX LP 

MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.mplx.com.

Investor Relations Contact: (419) 421-2071
Kristina Kazarian, Vice President Finance and Investor Relations
Brian Worthington, Senior Director, Investor Relations
Isaac Feeney, Director, Investor Relations
Evan Heminger, Analyst, Investor Relations

Media Contact: (419) 421-3577
Jamal Kheiry, Communications Manager

View original content:https://www.prnewswire.com/news-releases/mplx-lp-files-2025-form-10-k-302698954.html

SOURCE MPLX LP

FAQ

When did MPLX (MPLX) file its 2025 Form 10-K with the SEC?

MPLX filed its 2025 Form 10-K on Feb. 26, 2026. According to the company, the report covers the fiscal year ended Dec. 31, 2025 and is available through the Investors > SEC Filings link on www.mplx.com.

How can MPLX unitholders obtain a hard copy of the 2025 Form 10-K?

Unitholders can request a free hard copy by written request to MPLX Investor Relations in Findlay, OH. According to the company, requests should be sent to 200 E. Hardin Street, Attention: Investor Relations.

Where can investors view MPLX's 2025 Form 10-K online?

Investors can view the 10-K on MPLX's website via the Investors > SEC Filings link. According to the company, the filing is accessible at www.mplx.com without charge through that SEC Filings page.

What period does the MPLX 2025 Form 10-K cover for shareholders?

The 2025 Form 10-K covers MPLX's fiscal year ended Dec. 31, 2025. According to the company, the annual report includes the complete audited financial statements for that reporting period.

Does the MPLX 2025 Form 10-K include audited financial statements?

Yes, the annual report includes complete audited financial statements for the year ended Dec. 31, 2025. According to the company, unitholders may receive the audited report free of charge upon written request.