MPLX LP

For the period ended Jun 30, 2024. Filed Aug 6, 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.

Jun 30, 2024 · Filed Aug 6, 2024

MPLX$56.71-0.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income (Unaudited)

MPLX LP

Consolidated Statements of Income (Unaudited)

	Three Months Ended June 30,		Six Months Ended June 30,
(In millions, except per unit data)	2024	2023	2024	2023
Revenues and other income:
Service revenue	$683	$635	$1,341	$1,240
Service revenue - related parties	1,050	971	2,036	1,924
Service revenue - product related	84	60	179	139
Rental income	64	59	124	120
Rental income - related parties	211	203	428	405
Product sales	388	376	758	796
Product sales - related parties	50	34	113	104
Sales-type lease revenue	34	33	68	67
Sales-type lease revenue - related parties	120	125	241	250
Income from equity method investments	325	145	482	279
Other income	6	18	51	21
Other income - related parties	37	31	77	58
Total revenues and other income	3,052	2,690	5,898	5,403
Costs and expenses:
Cost of revenues (excludes items below)	384	348	755	656
Purchased product costs	376	354	745	760
Rental cost of sales	20	20	39	40
Rental cost of sales - related parties	5	9	9	16
Purchases - related parties	388	357	760	718
Depreciation and amortization	320	310	637	606
General and administrative expenses	107	89	216	178
Other taxes	33	28	67	58
Total costs and expenses	1,633	1,515	3,228	3,032
Income from operations	1,419	1,175	2,670	2,371
Net interest and other financial costs	231	233	466	476
Income before income taxes	1,188	942	2,204	1,895
Provision for income taxes	2	—	3	1
Net income	1,186	942	2,201	1,894
Less: Net income attributable to noncontrolling interests	10	9	20	18
Net income attributable to MPLX LP	1,176	933	2,181	1,876
Less: Series A preferred unitholders’ interest in net income	5	23	15	46
Less: Series B preferred unitholders’ interest in net income	—	—	—	5
Limited partners' interest in net income attributable to MPLX LP	$1,171	$910	$2,166	$1,825
Per Unit Data (See Note 7)
Net income attributable to MPLX LP per limited partner unit:
Common - basic	$1.15	$0.91	$2.13	$1.81
Common - diluted	$1.15	$0.91	$2.13	$1.81
Weighted average limited partner units outstanding:
Common - basic	1,019	1,001	1,013	1,001
Common - diluted	1,020	1,001	1,014	1,001

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.