MPLX LP

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

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.

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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Contents

Financial Statements and Supplementary Data

INDEX

	Page
Management’s Responsibilities for Financial Statements	75
Report of Independent Registered Public Accounting Firm	(PCAOB ID 238)	76
Audited Consolidated Financial Statements:
Consolidated Statements of Income	78
Consolidated Statements of Comprehensive Income	79
Consolidated Balance Sheets	80
Consolidated Statements of Cash Flows	81
Consolidated Statements of Equity and Series A Preferred Units	82
Notes to Consolidated Financial Statements	83
1. Description of the Business and Basis of Presentation	83
2. Summary of Principal Accounting Policies	83
3. Accounting Standards	89
4. Acquisitions and Other Transactions	89
5. Equity Method Investments	93
6. Related Party Agreements and Transactions	94
7. Equity	98
8. Net Income Per Limited Partner Unit	99
9. Series A Preferred Units	99
10. Segment Information	100
11. Major Customers and Concentration of Credit Risk	102
12. Inventories	103
13. Property, Plant and Equipment	103
14. Goodwill and Intangibles	103
15. Fair Value Measurements	105
16. Derivative Financial Instruments	106
17. Debt	107
18. Net Interest and Other Financial Costs	110
19. Revenue	110
20. Supplemental Cash Flow Information	112
21. Leases	113
22. Commitments and Contingencies	115
23. Subsequent Event	117

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.