MPLX LP
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
MPLX$55.91-1.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
MPLX LP
| December 31, | ||
|---|---|---|
| (In millions) | 2025 | 2024 |
| Assets | ||
| Cash and cash equivalents | $2,137 | $1,519 |
| Receivables, less allowance for expected credit loss | 735 | 718 |
| Current assets - related parties | 899 | 830 |
| Inventories | 172 | 180 |
| Other current assets | 51 | 29 |
| Total current assets | 3,994 | 3,276 |
| Equity method investments | 4,798 | 4,531 |
| Property, plant and equipment, net | 21,698 | 19,154 |
| Intangibles, net | 1,397 | 518 |
| Goodwill | 8,755 | 7,645 |
| Right of use assets, net | 276 | 273 |
| Noncurrent assets - related parties | 962 | 1,120 |
| Other noncurrent assets | 1,125 | 994 |
| Total assets | 43,005 | 37,511 |
| Liabilities | ||
| Accounts payable | 108 | 147 |
| Accrued liabilities | 254 | 295 |
| Current liabilities - related parties | 399 | 396 |
| Accrued property, plant and equipment | 438 | 208 |
| Long-term debt due within one year | 1,502 | 1,693 |
| Accrued interest payable | 354 | 244 |
| Operating lease liabilities | 53 | 45 |
| Other current liabilities | 141 | 207 |
| Total current liabilities | 3,249 | 3,235 |
| Long-term deferred revenue | 119 | 317 |
| Long-term liabilities - related parties | 364 | 334 |
| Long-term debt | 24,151 | 19,255 |
| Deferred income taxes | 25 | 18 |
| Long-term operating lease liabilities | 217 | 217 |
| Other long-term liabilities | 352 | 125 |
| Total liabilities | 28,477 | 23,501 |
| Commitments and contingencies (see Note 22) | ||
| Series A preferred units - (0 million and 6 million units outstanding) | — | 203 |
| Equity | ||
| Common unitholders - public (368 million and 370 million units outstanding) | 9,451 | 9,322 |
| Common unitholders - MPC (647 million and 647 million units outstanding) | 4,845 | 4,257 |
| Accumulated other comprehensive income (loss) | 5 | (3) |
| Total MPLX LP partners’ capital | 14,301 | 13,576 |
| Noncontrolling interests | 227 | 231 |
| Total equity | 14,528 | 13,807 |
| Total liabilities, preferred units and equity | $43,005 | $37,511 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.