Mplx LP income statement & cash flow
In the fiscal year ended Dec 31, 2025, Mplx LP reported net income of $4.95B on revenue of $13.00B. Operating cash flow was $5.91B and capital expenditures were $1.81B, leaving $4.10B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.03B | $3.87B | $7.00B | $9.04B | $7.57B | $10.03B | $11.61B | $11.28B | $11.93B | $13.00B |
| Operating income | — | — | — | — | $211.00M | $3.99B | $4.91B | $4.90B | $5.29B | $5.94B |
| Net income | $233.00M | $794.00M | $1.82B | $1.03B | −$720.00M | $3.08B | $3.94B | $3.93B | $4.36B | $4.95B |
| Operating cash flow | $1.49B | $1.91B | $3.07B | $4.08B | $4.52B | $4.91B | $5.02B | $5.40B | $5.95B | $5.91B |
| Capital expenditures | $1.31B | $1.41B | $2.11B | $2.41B | $1.18B | $529.00M | $806.00M | $937.00M | $1.06B | $1.81B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2024 | 10-K 2024 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 45.7% | 38.1% |
| Dec 2024 | — | 44.3% | 36.5% |
| Dec 2023 | — | 43.4% | 34.8% |
| Dec 2022 | — | 42.3% | 34.0% |
| Dec 2021 | — | 39.8% | 30.7% |
Source: SEC EDGAR XBRL company facts for CIK 1552000 (raw data). Most recent filing in this dataset: 10-Q filed Nov 3, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.