MPLX LP (MPLX) Income Statement
MPLX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMPLX revenue and net income
Where MPLX's revenue goes
2025Each bar shows an amount and its share of revenue. MPLX kept 41.6% of revenue as net income.
MPLX profit margins
MPLX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.4% | +3.9% | +7.1% | +27.6% |
| Gross profit | +11.0% | +7.6% | +7.4% | +28.0% |
| Operating income | −9.9% | −1.0% | +86.5% | +28.7% |
| Net income | +13.8% | +7.6% | — | +41.2% |
| EPS (diluted) | +11.6% | +12.9% | +13.6% | +14.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MPLX quarterly EPS vs estimates
MPLX beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 3, 2026 (estimate $1.12).
MPLX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.82B | $10.90B | $10.43B | $10.54B | $9.57B | $8.40B | $8.63B | $6.08B | $3.69B | $3.01B |
| Cost of revenue | $6.47B | $6.09B | $5.87B | $6.25B | $5.52B | $4.65B | $4.97B | $3.56B | $2.38B | $1.94B |
| Gross profit | $5.34B | $4.82B | $4.56B | $4.29B | $4.05B | $3.75B | $3.67B | $2.52B | $1.31B | $1.07B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $446.0M | $427.0M | $379.0M | $335.0M | $353.0M | $378.0M | $388.0M | $291.0M | $241.0M | $193.0M |
| Total operating expenses | $583.0M | −$471.0M | −$337.0M | −$622.0M | $63.0M | $3.53B | $1.29B | $257.0M | $197.0M | $388.0M |
| Operating income | $4.76B | $5.29B | $4.90B | $4.91B | $3.99B | $211.0M | $2.38B | $2.50B | $1.19B | $683.0M |
| Interest income | $68.0M | $95.0M | $43.0M | $4.0M | — | — | $862.0M | $595.0M | $2.0M | $211.0M |
| Interest expense | $983.0M | $921.0M | $923.0M | $925.0M | $879.0M | $896.0M | $915.0M | $661.0M | $354.0M | $211.0M |
| Income before taxes | $4.96B | $4.37B | $3.98B | $3.99B | $3.11B | −$685.0M | $1.46B | $1.84B | $837.0M | $246.0M |
| Income taxes | $8.0M | $10.0M | $11.0M | $8.0M | $1.0M | $2.0M | $380.0M | $8.0M | $1.0M | −$12.0M |
| Net income | $4.91B | $4.32B | $3.93B | $3.94B | $3.08B | −$720.0M | $1.03B | $1.82B | $794.0M | $233.0M |
| EBITDA | $7.29B | $6.59B | $6.09B | $6.06B | $5.19B | $1.53B | $3.58B | $3.27B | $1.87B | $1.22B |
| EPS (diluted) | $4.70 | $4.21 | $3.75 | $3.27 | $2.89 | $2.48 | $2.32 | $2.38 | $1.05 | $0.64 |
| Gross margin | 45.2% | 44.2% | 43.7% | 40.7% | 42.3% | 44.6% | 42.5% | 41.5% | 35.5% | 35.6% |
| Operating margin | 40.3% | 48.5% | 47.0% | 46.6% | 41.7% | 2.5% | 27.5% | 41.2% | 32.3% | 22.7% |
| Net margin | 41.6% | 39.6% | 37.6% | 37.4% | 32.1% | −8.6% | 12.0% | 29.9% | 21.5% | 7.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.31B | $2.86B | $3.10B | $3.62B | $2.79B | $2.89B | $2.84B | $2.78B | $2.68B | $2.60B | $2.67B | $2.71B |
| Cost of revenue | $1.43B | $1.69B | $1.63B | $1.42B | $1.57B | $1.61B | $1.58B | $1.56B | $1.49B | $1.45B | $1.46B | $1.61B |
| Gross profit | $1.89B | $1.17B | $1.47B | $2.20B | $1.22B | $1.27B | $1.26B | $1.22B | $1.19B | $1.15B | $1.21B | $1.10B |
| Sales, general & admin | $108.0M | $114.0M | $101.0M | $126.0M | $107.0M | $112.0M | $104.0M | $107.0M | $107.0M | $109.0M | $99.0M | $102.0M |
| Total operating expenses | $507.0M | $150.0M | $137.0M | $400.0M | −$76.0M | −$92.0M | −$87.0M | −$57.0M | −$228.0M | −$99.0M | −$163.0M | −$52.0M |
| Operating income | $1.38B | $1.02B | $1.33B | $1.80B | $1.29B | $1.37B | $1.34B | $1.27B | $1.42B | $1.25B | $1.38B | $1.15B |
| Interest income | $11.0M | $19.0M | $18.0M | $16.0M | $16.0M | $18.0M | $27.0M | $35.0M | $18.0M | $15.0M | — | $12.0M |
| Interest expense | $289.0M | $310.0M | $277.0M | $259.0M | $250.0M | $235.0M | $241.0M | $246.0M | $231.0M | $235.0M | $222.0M | $225.0M |
| Income before taxes | $1.09B | $923.0M | $1.21B | $1.56B | $1.06B | $1.14B | $1.11B | $1.05B | $1.19B | $1.02B | $1.15B | $929.0M |
| Income taxes | $2.0M | $1.0M | $3.0M | $3.0M | $1.0M | $1.0M | $5.0M | $2.0M | $2.0M | $1.0M | $9.0M | $1.0M |
| Net income | $1.09B | $912.0M | $1.19B | $1.54B | $1.05B | $1.13B | $1.10B | $1.04B | $1.18B | $1.00B | $1.13B | $918.0M |
| EBITDA | $1.74B | $1.59B | $1.84B | $2.16B | $1.62B | $1.70B | $1.68B | $1.62B | $1.74B | $1.56B | $1.68B | $1.45B |
| EPS (diluted) | $1.06 | $0.90 | $1.05 | $1.52 | $1.03 | $1.10 | $1.07 | $1.01 | $1.15 | $0.98 | $0.97 | $0.96 |
| Gross margin | 56.9% | 41.0% | 47.3% | 60.8% | 43.7% | 44.1% | 44.2% | 43.9% | 44.4% | 44.2% | 45.3% | 40.6% |
| Operating margin | 41.6% | 35.8% | 42.9% | 49.8% | 46.4% | 47.3% | 47.3% | 45.9% | 52.9% | 48.0% | 51.4% | 42.5% |
| Net margin | 32.8% | 31.9% | 38.5% | 42.7% | 37.6% | 39.0% | 38.7% | 37.4% | 43.8% | 38.6% | 42.4% | 33.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MPLX's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MPLX financial results
In fiscal year 2025 (ended December 31, 2025), MPLX reported revenue of $11.8 billion, up 8.4% from the year before. It had net income of $4.9 billion (up 13.8%), a net profit margin of 41.6%. Diluted earnings per share came to $4.70. Over five years revenue grew at an average rate of 7.1% a year.
See the MPLX stock overview for the latest quote and news, or the MPLX chart for price history and technical indicators.
MPLX income statement FAQ
What is MPLX's annual revenue?
MPLX reported total revenue of $11.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 8.4% from $10.9 billion the previous year.
Is MPLX profitable?
Yes. MPLX reported net income of $4.9 billion in fiscal 2025, a net profit margin of 41.6%; its operating margin was 40.3%.
What is MPLX's gross margin?
MPLX's gross margin was 45.2% in fiscal 2025: for every $100 of revenue, MPLX kept $45 after the direct cost of its products and services.
How fast is MPLX growing?
Revenue grew 7.1% a year on average over the last five fiscal years, from $8.4 billion to $11.8 billion.
What are MPLX's earnings per share?
MPLX earned $4.70 per diluted share in fiscal 2025, compared with $4.21 a year earlier.
When will MPLX report its next earnings?
MPLX is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does MPLX's fiscal year end?
MPLX's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.