MPLX LP
For the period ended Mar 31, 2025. Filed May 6, 2025.
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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, 2025 · Filed May 6, 2025
MPLX$56.80+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets (Unaudited)
MPLX LP
Consolidated Balance Sheets (Unaudited)
| (In millions) | March 31,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $2,534 | $1,519 |
| Receivables, net | 858 | 718 |
| Current assets - related parties | 910 | 830 |
| Inventories | 186 | 180 |
| Other current assets | 33 | 29 |
| Total current assets | 4,521 | 3,276 |
| Equity method investments | 4,751 | 4,531 |
| Property, plant and equipment, net | 19,147 | 19,154 |
| Intangibles, net | 529 | 518 |
| Goodwill | 7,645 | 7,645 |
| Right of use assets, net | 286 | 273 |
| Noncurrent assets - related parties | 1,095 | 1,120 |
| Other noncurrent assets | 998 | 994 |
| Total assets | 38,972 | 37,511 |
| Liabilities | ||
| Accounts payable | 145 | 147 |
| Accrued liabilities | 269 | 295 |
| Current liabilities - related parties | 402 | 396 |
| Accrued property, plant and equipment | 211 | 208 |
| Long-term debt due within one year | 2,697 | 1,693 |
| Accrued interest payable | 203 | 244 |
| Operating lease liabilities | 47 | 45 |
| Other current liabilities | 195 | 207 |
| Total current liabilities | 4,169 | 3,235 |
| Long-term deferred revenue | 317 | 317 |
| Long-term liabilities - related parties | 324 | 334 |
| Long-term debt | 19,721 | 19,255 |
| Deferred income taxes | 18 | 18 |
| Long-term operating lease liabilities | 227 | 217 |
| Other long-term liabilities | 128 | 125 |
| Total liabilities | 24,904 | 23,501 |
| Commitments and contingencies (see Note 16) | ||
| Series A preferred units (0 million and 6 million units outstanding) | — | 203 |
| Equity | ||
| Common unitholders - public (374 million and 370 million units outstanding) | 9,472 | 9,322 |
| Common unitholders - MPC (647 million and 647 million units outstanding) | 4,361 | 4,257 |
| Accumulated other comprehensive income (loss) | 5 | (3) |
| Total MPLX LP partners’ capital | 13,838 | 13,576 |
| Noncontrolling interests | 230 | 231 |
| Total equity | 14,068 | 13,807 |
| Total liabilities, preferred units and equity | $38,972 | $37,511 |
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