MPLX LP
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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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.
FY2025 · Filed Feb 26, 2026
MPLX$56.71-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity and Series A Preferred Units
MPLX LP
Consolidated Statements of Equity and Series A Preferred Units
| Partnership | |||||||
|---|---|---|---|---|---|---|---|
| (In millions) | CommonUnit-holdersPublic | CommonUnit-holderMPC | Series B Preferred Unit-holders | Accumulated Other Comprehensive Income (Loss) | Non-controllingInterests | Total | Series A Preferred Unit-holders |
| Balance at December 31, 2022 | $8,413 | $3,293 | $611 | $(8) | $237 | $12,546 | $968 |
| Net income | 1,336 | 2,493 | 5 | — | 38 | 3,872 | 94 |
| Conversion of Series A preferred units | 73 | — | — | — | — | 73 | (73) |
| Redemption of Series B preferred units | (2) | (3) | (595) | — | — | (600) | — |
| Distributions | (1,125) | (2,056) | (21) | — | (41) | (3,243) | (94) |
| Contributions | — | 31 | — | — | — | 31 | — |
| Other | 5 | — | — | 4 | 1 | 10 | — |
| Balance at December 31, 2023 | 8,700 | 3,758 | — | (4) | 235 | 12,689 | 895 |
| Net income | 1,555 | 2,735 | — | — | 40 | 4,330 | 27 |
| Unit repurchases | (326) | — | — | — | — | (326) | — |
| Conversion of Series A preferred units | 675 | — | — | — | — | 675 | (675) |
| Distributions | (1,289) | (2,270) | — | — | (44) | (3,603) | (44) |
| Contributions | — | 34 | — | — | — | 34 | — |
| Other | 7 | — | — | 1 | — | 8 | — |
| Balance at December 31, 2024 | 9,322 | 4,257 | — | (3) | 231 | 13,807 | 203 |
| Net income | 1,791 | 3,121 | — | — | 40 | 4,952 | — |
| Unit repurchases | (400) | — | — | — | — | (400) | — |
| Conversion of Series A preferred units | 197 | — | — | — | — | 197 | (197) |
| Distributions | (1,463) | (2,555) | — | — | (44) | (4,062) | (6) |
| Contributions | — | 21 | — | — | — | 21 | — |
| Other | 4 | 1 | — | 8 | — | 13 | — |
| Balance at December 31, 2025 | $9,451 | $4,845 | $— | $5 | $227 | $14,528 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.