MPLX LP

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

About this filing

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

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Contents

Consolidated Statements of Income

MPLX LP

(In millions, except per unit data)	2024	2023	2022
Revenues and other income:
Service revenue	$2,770	$2,539	$2,359
Service revenue - related parties	4,180	3,985	3,754
Service revenue - product related	357	294	394
Rental income	251	243	327
Rental income - related parties	853	822	763
Product sales	1,657	1,665	2,219
Product sales - related parties	225	250	198
Sales-type lease revenue	136	136	62
Sales-type lease revenue - related parties	475	500	465
Income from equity method investments	802	600	476
Other income	70	126	485
Other income - related parties	157	121	111
Total revenues and other income	11,933	11,281	11,613
Costs and expenses:
Cost of revenues (excludes items below)	1,560	1,401	1,369
Purchased product costs	1,561	1,598	2,063
Rental cost of sales	82	82	123
Rental cost of sales - related parties	18	33	54
Purchases - related parties	1,583	1,544	1,413
Depreciation and amortization	1,283	1,213	1,230
General and administrative expenses	427	379	335
Other taxes	131	131	115
Total costs and expenses	6,645	6,381	6,702
Income from operations	5,288	4,900	4,911
Net interest and other financial costs	921	923	925
Income before income taxes	4,367	3,977	3,986
Provision for income taxes	10	11	8
Net income	4,357	3,966	3,978
Less: Net income attributable to noncontrolling interests	40	38	34
Net income attributable to MPLX LP	4,317	3,928	3,944
Less: Series A preferred unitholders’ interest in net income	27	94	88
Less: Series B preferred unitholders’ interest in net income	—	5	41
Limited partners’ interest in net income attributable to MPLX LP	$4,290	$3,829	$3,815
Per Unit Data (See Note 8)
Net income attributable to MPLX LP per limited partner unit:
Common - basic	$4.21	$3.80	$3.75
Common - diluted	$4.21	$3.80	$3.75
Weighted average limited partner units outstanding:
Common - basic	1,016	1,001	1,010
Common - diluted	1,017	1,002	1,010

ContentsView on SEC.gov

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