MPLX LP
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
MPLX$56.80+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
MPLX LP
| December 31, | ||
|---|---|---|
| (In millions) | 2024 | 2023 |
| Assets | ||
| Cash and cash equivalents | $1,519 | $1,048 |
| Receivables, net | 718 | 823 |
| Current assets - related parties | 830 | 748 |
| Inventories | 180 | 159 |
| Other current assets | 29 | 30 |
| Total current assets | 3,276 | 2,808 |
| Equity method investments | 4,531 | 3,743 |
| Property, plant and equipment, net | 19,154 | 19,264 |
| Intangibles, net | 518 | 654 |
| Goodwill | 7,645 | 7,645 |
| Right of use assets, net | 273 | 264 |
| Noncurrent assets - related parties | 1,120 | 1,161 |
| Other noncurrent assets | 994 | 990 |
| Total assets | 37,511 | 36,529 |
| Liabilities | ||
| Accounts payable | 147 | 153 |
| Accrued liabilities | 295 | 300 |
| Current liabilities - related parties | 396 | 360 |
| Accrued property, plant and equipment | 208 | 216 |
| Long-term debt due within one year | 1,693 | 1,135 |
| Accrued interest payable | 244 | 242 |
| Operating lease liabilities | 45 | 45 |
| Other current liabilities | 207 | 173 |
| Total current liabilities | 3,235 | 2,624 |
| Long-term deferred revenue | 317 | 347 |
| Long-term liabilities - related parties | 334 | 325 |
| Long-term debt | 19,255 | 19,296 |
| Deferred income taxes | 18 | 16 |
| Long-term operating lease liabilities | 217 | 211 |
| Other long-term liabilities | 125 | 126 |
| Total liabilities | 23,501 | 22,945 |
| Commitments and contingencies (see Note 22) | ||
| Series A preferred units - (6 million and 27 million units outstanding) | 203 | 895 |
| Equity | ||
| Common unitholders - public (370 million and 356 million units outstanding) | 9,322 | 8,700 |
| Common unitholders - MPC (647 million and 647 million units outstanding) | 4,257 | 3,758 |
| Accumulated other comprehensive loss | (3) | (4) |
| Total MPLX LP partners’ capital | 13,576 | 12,454 |
| Noncontrolling interests | 231 | 235 |
| Total equity | 13,807 | 12,689 |
| Total liabilities, preferred units and equity | $37,511 | $36,529 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.