MPLX LP
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
MPLX$56.71-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income (Unaudited)
MPLX LP
Consolidated Statements of Income (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| (In millions, except per unit data) | 2024 | 2023 |
| Revenues and other income: | ||
| Service revenue | $658 | $605 |
| Service revenue - related parties | 986 | 953 |
| Service revenue - product related | 95 | 79 |
| Rental income | 60 | 61 |
| Rental income - related parties | 217 | 202 |
| Product sales | 370 | 420 |
| Product sales - related parties | 63 | 70 |
| Sales-type lease revenue | 34 | 34 |
| Sales-type lease revenue - related parties | 121 | 125 |
| Income from equity method investments | 157 | 134 |
| Other income | 45 | 3 |
| Other income - related parties | 40 | 27 |
| Total revenues and other income | 2,846 | 2,713 |
| Costs and expenses: | ||
| Cost of revenues (excludes items below) | 371 | 308 |
| Purchased product costs | 369 | 406 |
| Rental cost of sales | 19 | 20 |
| Rental cost of sales - related parties | 4 | 7 |
| Purchases - related parties | 372 | 361 |
| Depreciation and amortization | 317 | 296 |
| General and administrative expenses | 109 | 89 |
| Other taxes | 34 | 30 |
| Total costs and expenses | 1,595 | 1,517 |
| Income from operations | 1,251 | 1,196 |
| Net interest and other financial costs | 235 | 243 |
| Income before income taxes | 1,016 | 953 |
| Provision for income taxes | 1 | 1 |
| Net income | 1,015 | 952 |
| Less: Net income attributable to noncontrolling interests | 10 | 9 |
| Net income attributable to MPLX LP | 1,005 | 943 |
| Less: Series A preferred unitholders’ interest in net income | 10 | 23 |
| Less: Series B preferred unitholders’ interest in net income | — | 5 |
| Limited partners' interest in net income attributable to MPLX LP | $995 | $915 |
| Per Unit Data (See Note 7) | ||
| Net income attributable to MPLX LP per limited partner unit: | ||
| Common - basic | $0.98 | $0.91 |
| Common - diluted | $0.98 | $0.91 |
| Weighted average limited partner units outstanding: | ||
| Common - basic | 1,008 | 1,001 |
| Common - diluted | 1,008 | 1,001 |
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