Mplx (MPLX) Financials

$52.23 -0.29 (-0.55%)

As of 03:21 PM Eastern

Annual Income Statements for Mplx

This table shows Mplx's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	156	658	1,047	1,743	935	-206	3,077	3,815	3,829	4,290
Consolidated Net Income / (Loss)	333	900	836	2,006	1,462	-687	3,112	3,978	3,966	4,357
Net Income / (Loss) Continuing Operations	333	900	836	2,006	1,462	-51	3,112	3,978	3,966	4,357
Total Pre-Tax Income	334	422	837	2,014	1,462	-685	3,113	3,986	3,977	4,367
Total Operating Income	381	916	1,191	2,728	2,377	211	3,992	4,911	4,900	5,288
Total Gross Profit	650	1,914	2,169	4,129	5,329	7,276	5,794	6,591	6,623	7,129
Total Revenue	1,101	3,029	3,867	7,005	9,041	9,141	10,027	11,613	11,281	11,933
Operating Revenue	1,101	3,029	3,867	6,998	9,041	9,141	10,027	11,613	11,281	11,933
Total Cost of Revenue	451	1,115	1,698	2,876	3,712	1,865	4,233	5,022	4,658	4,804
Operating Cost of Revenue	451	1,115	1,698	2,876	3,712	1,865	4,233	5,022	4,658	4,804
Total Operating Expenses	269	998	978	1,401	2,952	5,493	1,802	1,680	1,723	1,841
Selling, General & Admin Expense	125	227	241	316	388	378	353	335	379	427
Depreciation Expense	129	591	683	867	1,254	1,377	1,287	1,230	1,213	1,283
Other Operating Expenses / (Income)	15	50	54	218	113	1,536	120	115	131	131
Total Other Income / (Expense), net	-47	-28	-354	-714	-915	-1,832	-879	-925	-923	-921
Interest Expense	35	211	298	595	862	896	793	925	923	921
Income Tax Expense	1.00	-12	1.00	8.00	0.00	2.00	1.00	8.00	11	10
Preferred Stock Dividends Declared	0.00	41	65	75	98	122	141	129	99	27
Net Income / (Loss) Attributable to Noncontrolling Interest	1.00	2.00	6.00	16	28	33	35	34	38	40
Basic Earnings per Share	$1.34	$0.00	$1.07	$2.29	$1.00	($0.80)	$2.86	$3.75	$3.80	$4.21
Weighted Average Basic Shares Outstanding	99M	676M	786M	1.52B	906M	1.05B	1.03B	1.01B	1.00B	1.02B
Diluted Earnings per Share	$1.33	$0.00	$1.06	$2.29	$1.00	($0.80)	$2.86	$3.75	$3.80	$4.21
Weighted Average Diluted Shares Outstanding	100M	690M	792M	1.52B	907M	1.05B	1.03B	1.01B	1.00B	1.02B
Weighted Average Basic & Diluted Shares Outstanding	99M	338M	393M	761M	906M	1.05B	1.03B	1.01B	1.00B	1.02B
Cash Dividends to Common per Share	-	-	-	-	-	$2.75	$3.36	$2.96	$3.25	$3.61

This table shows Mplx's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	1,395	783	915	910	893	1,111	995	1,171	1,031	1,093
Consolidated Net Income / (Loss)	1,437	824	952	942	928	1,144	1,015	1,186	1,047	1,109
Net Income / (Loss) Continuing Operations	1,437	824	952	942	928	1,144	1,015	1,186	1,047	1,109
Total Pre-Tax Income	1,438	826	953	942	929	1,153	1,016	1,188	1,049	1,114
Total Operating Income	1,674	1,060	1,196	1,175	1,154	1,375	1,251	1,419	1,275	1,343
Total Gross Profit	2,458	436	1,972	2,313	1,601	737	2,083	2,643	1,736	667
Total Revenue	3,401	2,662	2,713	2,690	2,912	2,966	2,846	3,052	2,972	3,063
Operating Revenue	3,401	2,662	2,713	2,690	2,912	2,966	2,846	3,052	2,972	3,063
Total Cost of Revenue	943	2,226	741	377	1,311	2,229	763	409	1,236	2,396
Operating Cost of Revenue	943	2,226	741	377	1,311	2,229	763	409	1,236	2,396
Total Operating Expenses	784	-624	776	1,138	447	-638	832	1,224	461	-676
Selling, General & Admin Expense	88	87	89	89	102	99	109	107	107	104
Depreciation Expense	302	305	296	310	301	306	317	320	322	324
Other Operating Expenses / (Income)	394	-1,016	391	739	44	-1,043	406	797	32	-1,104
Total Other Income / (Expense), net	-236	-234	-243	-233	-225	-222	-235	-231	-226	-229
Interest Expense	217	253	243	233	225	222	235	231	226	229
Income Tax Expense	1.00	2.00	1.00	0.00	1.00	9.00	1.00	2.00	2.00	5.00
Preferred Stock Dividends Declared	33	33	28	23	25	23	10	5.00	6.00	6.00
Net Income / (Loss) Attributable to Noncontrolling Interest	9.00	8.00	9.00	9.00	10	10	10	10	10	10
Basic Earnings per Share	$1.36	$0.78	$0.91	$0.91	$0.89	$1.09	$0.98	$1.15	$1.01	$1.07
Weighted Average Basic Shares Outstanding	1.01B	1.01B	1.00B	1.00B	1.00B	1.00B	1.01B	1.02B	1.02B	1.02B
Diluted Earnings per Share	$1.36	$0.78	$0.91	$0.91	$0.89	$1.09	$0.98	$1.15	$1.01	$1.07
Weighted Average Diluted Shares Outstanding	1.01B	1.01B	1.00B	1.00B	1.00B	1.00B	1.01B	1.02B	1.02B	1.02B
Weighted Average Basic & Diluted Shares Outstanding	1.01B	1.01B	1.00B	1.00B	1.00B	1.00B	1.01B	1.02B	1.02B	1.02B

This table details how cash moves in and out of Mplx's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	16	187	-230	76	-70	0.00	-2.00	225	810	471
Net Cash From Operating Activities	427	1,491	1,907	3,071	4,082	4,521	4,911	5,019	5,397	5,946
Net Cash From Continuing Operating Activities	427	1,491	1,907	3,071	4,082	4,521	4,911	5,019	5,397	5,966
Net Income / (Loss) Continuing Operations	333	434	836	2,006	1,462	-687	3,112	3,978	3,966	4,357
Consolidated Net Income / (Loss)	333	434	836	2,006	1,462	-687	3,112	3,978	3,966	4,357
Depreciation Expense	129	591	683	867	1,254	1,377	1,287	1,230	1,213	1,283
Amortization Expense	5.00	46	53	55	42	61	70	73	55	54
Non-Cash Adjustments To Reconcile Net Income	11	345	161	161	1,425	3,564	216	-373	30	27
Changes in Operating Assets and Liabilities, net	-51	75	174	-18	-101	206	226	111	133	245
Net Cash From Investing Activities	-1,686	-1,417	-2,308	-2,878	-3,063	-1,262	-518	-956	-1,252	-1,995
Net Cash From Continuing Investing Activities	-1,686	-1,417	-2,308	-2,878	-3,063	-1,262	-518	-956	-1,252	-1,995
Purchase of Property, Plant & Equipment	-334	-1,313	-1,411	-2,111	-2,408	-1,183	-529	-806	-937	-1,056
Acquisitions	-1,232	-87	-1,010	-792	-713	-266	-151	-245	-344	-1,086
Sale of Property, Plant & Equipment	0.00	1.00	7.00	8.00	30	56	126	84	26	1.00
Sale and/or Maturity of Investments	0.00	0.00	106	16	18	123	36	11	3.00	146
Net Cash From Financing Activities	1,275	113	171	-117	-1,089	-3,259	-4,395	-3,838	-3,335	-3,480
Net Cash From Continuing Financing Activities	1,275	113	171	-117	-1,089	-3,259	-4,395	-3,838	-3,335	-3,480
Repayment of Debt	-1,746	-3,858	-2,440	-11,369	-7,363	-7,043	-12,866	-6,674	-1,018	-1,172
Repurchase of Preferred Equity	-	-	-	-	-	-	0.00	0.00	-600	0.00
Repurchase of Common Equity	-	-	-	0.00	0.00	-33	-630	-491	0.00	-326
Payment of Dividends	-159	-873	-1,192	-1,907	-3,069	-3,043	-3,612	-3,085	-3,337	-3,647
Issuance of Debt	1,960	2,966	5,280	17,457	9,174	6,810	12,668	6,368	1,589	1,630
Other Financing Activities, net	-11	96	-2,089	-4,309	74	50	45	44	31	35

This table details how cash moves in and out of Mplx's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-177	117	155	362	205	88	-663	2,116	-75	-907
Net Cash From Operating Activities	1,039	1,368	1,227	1,437	1,244	1,489	1,291	1,565	1,415	1,675
Net Cash From Continuing Operating Activities	1,039	1,368	1,227	1,437	1,244	1,489	1,291	1,585	1,415	1,675
Net Income / (Loss) Continuing Operations	1,437	824	952	942	928	1,144	1,015	1,186	1,047	1,109
Consolidated Net Income / (Loss)	1,437	824	952	942	928	1,144	1,015	1,186	1,047	1,109
Depreciation Expense	302	305	296	310	301	306	317	320	322	324
Amortization Expense	19	18	17	12	13	13	13	14	14	13
Non-Cash Adjustments To Reconcile Net Income	-480	43	6.00	33	34	-43	3.00	-107	72	59
Changes in Operating Assets and Liabilities, net	-239	178	-44	140	-32	69	-57	172	-40	170
Net Cash From Investing Activities	-265	-280	-220	-271	-236	-525	-996	-114	-536	-349
Net Cash From Continuing Investing Activities	-265	-280	-220	-271	-236	-525	-996	-114	-536	-349
Purchase of Property, Plant & Equipment	-241	-271	-169	-263	-230	-275	-255	-213	-280	-308
Acquisitions	-42	-19	-51	-26	-13	-254	-741	-35	-260	-50
Sale of Property, Plant & Equipment	7.00	10	-	-	7.00	1.00	-	-	-	1.00
Sale and/or Maturity of Investments	-	-	-	-	-	3.00	-	-	4.00	8.00
Net Cash From Financing Activities	-951	-971	-852	-804	-803	-876	-958	665	-954	-2,233
Net Cash From Continuing Financing Activities	-951	-971	-852	-804	-803	-876	-958	665	-954	-2,233
Repayment of Debt	-1,013	-166	-1,018	-1.00	-	1.00	-6.00	-13	-2.00	-1,151
Repurchase of Common Equity	-180	-176	0.00	-	-	-	-75	-75	-76	-100
Payment of Dividends	-765	-808	-831	-808	-810	-888	-887	-885	-884	-991
Other Financing Activities, net	13	14	8.00	5.00	7.00	11	10	8.00	8.00	9.00

This table presents Mplx's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	16,104	17,509	19,500	39,325	40,430	36,414	35,507	35,665	36,529	37,511
Total Current Assets	576	868	559	1,440	1,484	1,515	1,507	1,905	2,808	3,276
Cash & Equivalents	43	234	5.00	77	15	15	13	238	1,048	1,519
Accounts Receivable	432	546	452	611	593	1,129	1,298	1,466	1,571	1,548
Inventories, net	51	55	65	98	110	118	142	148	159	180
Other Current Assets	50	33	37	654	766	66	54	53	30	29
Plant, Property, & Equipment, net	9,997	11,408	12,187	21,525	22,145	21,218	20,042	0.00	0.00	0.00
Total Noncurrent Assets	5,531	5,233	6,754	16,360	16,801	13,912	14,187	33,760	33,721	34,235
Long-Term Investments	2,458	2,471	4,010	4,901	5,275	4,036	3,981	4,095	3,743	4,531
Goodwill	2,570	2,245	2,245	10,016	9,536	7,657	7,657	7,645	7,645	7,645
Intangible Assets	466	492	453	1,359	1,270	959	831	705	654	518
Other Noncurrent Operating Assets	12	14	26	84	720	588	557	21,315	21,679	21,541
Total Liabilities & Shareholders' Equity	16,104	17,509	19,500	39,325	40,430	36,414	35,507	35,665	36,529	37,511
Total Liabilities	6,437	5,399	8,527	20,590	22,849	22,429	22,490	22,151	22,945	23,501
Total Current Liabilities	625	763	1,304	2,268	2,132	2,086	3,348	2,401	2,624	3,235
Short-Term Debt	-	-	-	-	9.00	764	499	988	1,135	1,693
Accounts Payable	145	227	667	266	242	508	1,952	224	153	147
Accrued Expenses	355	378	425	671	470	278	460	397	516	503
Other Current Liabilities	12	27	81	1,147	1,201	213	235	556	579	650
Other Current Nonoperating Liabilities	54	53	88	184	210	323	202	237	242	244
Total Noncurrent Liabilities	5,812	4,636	7,223	18,322	20,717	20,343	19,142	19,750	20,321	20,266
Long-Term Debt	5,255	4,422	6,945	17,922	19,704	19,375	18,072	18,808	19,296	19,255
Noncurrent Deferred Revenue	179	208	273	340	409	429	553	361	347	317
Noncurrent Deferred & Payable Income Tax Liabilities	378	6.00	5.00	14	12	12	10	13	16	18
Other Noncurrent Operating Liabilities	-	-	-	46	592	244	205	568	662	676
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	1,000	1,000	1,004	968	968	965	968	895	203
Total Equity & Noncontrolling Interests	9,667	11,110	9,973	17,731	16,613	13,017	12,052	12,546	12,689	13,807
Total Preferred & Common Equity	9,654	11,092	9,813	17,559	16,349	12,772	23,028	12,309	12,454	13,576
Total Common Equity	9,654	11,092	9,813	17,559	16,349	12,772	23,028	12,309	12,454	13,576
Common Stock	9,654	11,092	9,827	-	16,364	12,787	23,045	12,317	12,458	13,579
Accumulated Other Comprehensive Income / (Loss)	-	-	-14	-16	-15	-15	-17	-8.00	-4.00	-3.00
Noncontrolling Interest	13	18	146	156	249	245	241	237	235	231

This table presents Mplx's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	35,812	35,672	35,873	36,120	36,461	38,402	38,515
Total Current Assets	1,951	2,012	2,321	2,736	2,139	4,196	4,218
Cash & Equivalents	121	393	755	960	385	2,501	2,426
Accounts Receivable	1,639	1,415	1,371	1,592	1,555	1,495	1,584
Inventories, net	151	141	146	154	163	168	171
Other Current Assets	40	63	49	30	36	32	37
Plant, Property, & Equipment, net	18,910	18,758	18,692	18,620	19,299	0.00	19,153
Total Noncurrent Assets	14,951	15,130	15,088	14,764	15,023	34,206	15,144
Long-Term Investments	4,108	4,144	4,124	4,099	4,343	4,373	4,558
Goodwill	7,645	7,645	7,645	7,645	7,645	7,645	7,645
Intangible Assets	736	673	641	609	618	585	551
Other Noncurrent Operating Assets	1,240	2,668	2,678	2,411	2,417	21,603	2,390
Total Liabilities & Shareholders' Equity	35,812	35,672	35,873	36,120	36,461	38,402	38,515
Total Liabilities	22,169	22,624	22,684	22,804	22,814	24,516	24,533
Total Current Liabilities	2,499	1,312	1,316	1,399	2,960	4,226	4,267
Short-Term Debt	982	1.00	1.00	1.00	1,639	2,827	2,836
Accounts Payable	653	139	128	132	132	127	120
Accrued Expenses	411	424	390	472	414	418	461
Other Current Liabilities	261	883	886	607	588	602	630
Other Current Nonoperating Liabilities	192	192	247	187	187	252	220
Total Noncurrent Liabilities	19,670	21,312	21,368	21,405	19,854	20,290	20,266
Long-Term Debt	18,797	20,393	20,405	20,417	18,805	19,245	19,250
Noncurrent Deferred Revenue	300	347	381	414	482	344	326
Noncurrent Deferred & Payable Income Tax Liabilities	14	13	13	12	16	16	16
Other Noncurrent Operating Liabilities	241	559	569	562	551	685	674
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	967	968	968	970	561	202	203
Total Equity & Noncontrolling Interests	12,676	12,080	12,221	12,346	13,086	13,684	13,779
Total Preferred & Common Equity	26,357	11,843	11,984	12,110	12,852	13,451	13,547
Total Common Equity	12,438	11,843	11,984	12,110	12,852	13,451	13,547
Common Stock	26,303	11,847	11,988	12,114	12,855	13,454	13,550
Accumulated Other Comprehensive Income / (Loss)	-8.00	-4.00	-4.00	-4.00	-3.00	-3.00	-3.00
Noncontrolling Interest	238	237	237	236	234	233	232

This table displays calculated financial ratios and metrics derived from Mplx's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	38.84%	175.11%	27.67%	81.15%	29.07%	1.11%	9.69%	15.82%	-2.86%	5.78%
EBITDA Growth	57.19%	152.49%	47.32%	88.72%	2.52%	-54.45%	224.38%	16.17%	-0.74%	7.41%
EBIT Growth	51.23%	71.54%	79.30%	129.87%	-10.92%	-90.92%	1,791.94%	23.02%	-0.22%	7.92%
NOPAT Growth	55.69%	148.00%	26.28%	128.41%	-12.52%	-93.79%	2,601.91%	22.81%	-0.30%	7.97%
Net Income Growth	39.33%	170.27%	-7.11%	139.95%	-27.12%	-146.99%	552.98%	27.83%	-0.30%	9.86%
EPS Growth	-56.39%	-100.00%	0.00%	116.04%	-56.33%	-180.00%	457.50%	31.12%	1.33%	10.79%
Operating Cash Flow Growth	27.84%	249.18%	27.90%	61.04%	32.92%	10.75%	8.63%	2.20%	7.53%	10.17%
Free Cash Flow Firm Growth	-4,817.40%	95.80%	332.98%	-1,505.08%	113.37%	-19.12%	289.74%	-37.13%	15.42%	20.64%
Invested Capital Growth	1,054.02%	11.26%	0.80%	127.74%	1.10%	-4.63%	-7.80%	3.13%	0.86%	-1.07%
Revenue Q/Q Growth	8.82%	14.13%	6.53%	37.27%	0.00%	0.00%	70.18%	-7.72%	2.77%	0.82%
EBITDA Q/Q Growth	19.85%	16.19%	5.83%	21.67%	215.06%	-30.48%	1,155.63%	-1.15%	5.31%	-0.21%
EBIT Q/Q Growth	13.82%	15.93%	8.10%	23.71%	2,251.85%	-78.58%	499.20%	-1.25%	6.87%	-0.60%
NOPAT Q/Q Growth	17.51%	54.24%	-10.62%	25.44%	0.00%	0.00%	499.34%	-1.30%	6.69%	-0.51%
Net Income Q/Q Growth	9.43%	138.10%	-32.74%	22.62%	0.00%	0.00%	-57.50%	-18.01%	8.78%	-0.80%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	63.30%	0.00%	0.00%	8.88%	-0.47%
Operating Cash Flow Q/Q Growth	6.30%	30.33%	2.86%	18.30%	1.19%	2.10%	1.13%	2.62%	2.29%	3.23%
Free Cash Flow Firm Q/Q Growth	-4,871.25%	95.85%	299.68%	-2,007.93%	112.29%	-42.54%	140.86%	89.26%	-14.51%	15.01%
Invested Capital Q/Q Growth	976.82%	7.29%	-0.05%	88.73%	-3.44%	0.70%	5.47%	-1.65%	2.09%	-0.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	59.04%	63.19%	56.09%	58.94%	58.94%	79.60%	57.78%	56.76%	58.71%	59.74%
EBITDA Margin	45.69%	41.93%	48.38%	50.41%	40.04%	18.04%	53.35%	53.51%	54.68%	55.52%
Operating Margin	34.60%	30.24%	30.80%	38.94%	26.29%	2.31%	39.81%	42.29%	43.44%	44.31%
EBIT Margin	33.52%	20.90%	29.35%	37.24%	25.71%	2.31%	39.81%	42.29%	43.44%	44.31%
Profit (Net Income) Margin	30.25%	29.71%	21.62%	28.64%	16.17%	-7.52%	31.04%	34.25%	35.16%	36.51%
Tax Burden Percent	99.70%	213.27%	99.88%	99.60%	100.00%	100.29%	99.97%	99.80%	99.72%	99.77%
Interest Burden Percent	90.51%	66.67%	73.74%	77.19%	62.91%	-324.64%	77.98%	81.16%	81.16%	82.58%
Effective Tax Rate	0.30%	-2.84%	0.12%	0.40%	0.00%	0.00%	0.03%	0.20%	0.28%	0.23%
Return on Invested Capital (ROIC)	5.60%	7.15%	8.54%	11.85%	7.42%	0.47%	13.52%	17.04%	16.66%	18.00%
ROIC Less NNEP Spread (ROIC-NNEP)	2.87%	5.31%	-6.23%	3.04%	0.83%	-4.85%	8.03%	11.08%	10.83%	12.08%
Return on Net Nonoperating Assets (RNNOA)	0.97%	1.12%	-1.29%	1.65%	0.63%	-4.82%	9.53%	12.95%	12.62%	13.58%
Return on Equity (ROE)	6.57%	8.27%	7.24%	13.50%	8.05%	-4.35%	23.05%	29.99%	29.27%	31.58%
Cash Return on Invested Capital (CROIC)	-162.50%	-3.51%	7.74%	-66.10%	6.32%	5.21%	21.63%	13.96%	15.80%	19.08%
Operating Return on Assets (OROA)	4.26%	3.77%	6.13%	8.87%	5.83%	0.55%	11.10%	13.80%	13.57%	14.28%
Return on Assets (ROA)	3.85%	5.36%	4.52%	6.82%	3.67%	-1.79%	8.65%	11.18%	10.99%	11.77%
Return on Common Equity (ROCE)	6.56%	7.87%	6.56%	12.44%	7.52%	-4.02%	30.56%	39.94%	26.75%	29.79%
Return on Equity Simple (ROE_SIMPLE)	3.45%	8.11%	8.52%	11.42%	8.94%	-5.38%	13.51%	32.32%	31.85%	32.09%
Net Operating Profit after Tax (NOPAT)	380	942	1,190	2,717	2,377	148	3,991	4,901	4,886	5,276
NOPAT Margin	34.50%	31.10%	30.76%	38.79%	26.29%	1.62%	39.80%	42.20%	43.32%	44.21%
Net Nonoperating Expense Percent (NNEP)	2.74%	1.84%	14.77%	8.81%	6.59%	5.32%	5.48%	5.95%	5.83%	5.92%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	15.15%	14.75%	15.18%
Cost of Revenue to Revenue	40.96%	36.81%	43.91%	41.06%	41.06%	20.40%	42.22%	43.24%	41.29%	40.26%
SG&A Expenses to Revenue	11.35%	7.49%	6.23%	4.51%	4.29%	4.14%	3.52%	2.88%	3.36%	3.58%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.43%	32.95%	25.29%	20.00%	32.65%	60.09%	17.97%	14.47%	15.27%	15.43%
Earnings before Interest and Taxes (EBIT)	369	633	1,135	2,609	2,324	211	3,992	4,911	4,900	5,288
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	503	1,270	1,871	3,531	3,620	1,649	5,349	6,214	6,168	6,625
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.16	0.57	0.81	0.79	1.04	1.28	1.07	2.21	2.67	3.53
Price to Tangible Book Value (P/TBV)	0.23	0.75	1.11	2.24	3.06	3.94	1.70	6.86	7.99	8.84
Price to Revenue (P/Rev)	1.39	2.08	2.05	1.98	1.88	1.79	2.46	2.34	2.94	4.01
Price to Earnings (P/E)	9.81	9.57	7.57	7.96	18.15	0.00	8.03	7.12	8.67	11.16
Dividend Yield	9.12%	11.60%	11.58%	14.25%	16.53%	17.47%	11.43%	10.68%	11.92%	7.46%
Earnings Yield	10.19%	10.45%	13.21%	12.56%	5.51%	0.00%	12.46%	14.05%	11.54%	8.96%
Enterprise Value to Invested Capital (EV/IC)	0.34	0.65	0.86	0.88	1.01	1.10	1.43	1.50	1.70	2.17
Enterprise Value to Revenue (EV/Rev)	3.90	2.98	3.10	3.99	3.61	3.68	4.04	3.77	4.43	5.30
Enterprise Value to EBITDA (EV/EBITDA)	8.54	7.11	6.41	7.92	9.01	20.42	7.57	7.05	8.10	9.54
Enterprise Value to EBIT (EV/EBIT)	11.65	14.27	10.57	10.72	14.03	159.60	10.14	8.92	10.20	11.95
Enterprise Value to NOPAT (EV/NOPAT)	11.31	9.59	10.09	10.30	13.72	228.01	10.14	8.94	10.22	11.98
Enterprise Value to Operating Cash Flow (EV/OCF)	10.07	6.06	6.29	9.11	7.99	7.45	8.24	8.73	9.26	10.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	11.13	0.00	16.09	20.55	6.34	10.92	10.78	11.30
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.54	0.37	0.63	0.96	1.12	1.44	1.43	1.46	1.50	1.50
Long-Term Debt to Equity	0.54	0.37	0.63	0.96	1.12	1.39	1.39	1.39	1.42	1.37
Financial Leverage	0.34	0.21	0.21	0.54	0.76	0.99	1.19	1.17	1.17	1.12
Leverage Ratio	1.71	1.54	1.60	1.98	2.20	2.43	2.66	2.68	2.66	2.68
Compound Leverage Factor	1.55	1.03	1.18	1.53	1.38	-7.90	2.08	2.18	2.16	2.22
Debt to Total Capital	35.22%	26.75%	38.76%	48.89%	52.86%	59.02%	58.79%	59.43%	60.06%	59.92%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.02%	2.24%	1.58%	2.97%	3.34%	4.84%
Long-Term Debt to Total Capital	35.22%	26.75%	38.76%	48.89%	52.83%	56.78%	57.21%	56.46%	56.73%	55.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.09%	6.16%	6.40%	3.16%	3.26%	3.55%	3.82%	3.62%	3.32%	1.24%
Common Equity to Total Capital	64.70%	67.09%	54.77%	47.90%	43.84%	37.43%	72.90%	36.95%	36.61%	38.84%
Debt to EBITDA	10.45	3.48	3.71	5.08	5.45	12.21	3.47	3.19	3.31	3.16
Net Debt to EBITDA	5.48	1.35	1.57	3.67	3.98	9.76	2.73	2.49	2.54	2.25
Long-Term Debt to EBITDA	10.45	3.48	3.71	5.08	5.44	11.75	3.38	3.03	3.13	2.91
Debt to NOPAT	13.83	4.69	5.84	6.60	8.29	136.35	4.65	4.04	4.18	3.97
Net Debt to NOPAT	7.25	1.82	2.46	4.76	6.07	108.92	3.65	3.16	3.20	2.82
Long-Term Debt to NOPAT	13.83	4.69	5.84	6.60	8.29	131.18	4.53	3.84	3.95	3.65
Altman Z-Score	0.28	1.00	0.90	0.78	0.84	0.69	1.25	1.50	1.63	2.01
Noncontrolling Interest Sharing Ratio	0.19%	4.73%	9.44%	7.86%	6.63%	7.75%	-32.58%	-33.19%	8.62%	5.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.92	1.14	0.43	0.63	0.70	0.73	0.45	0.79	1.07	1.01
Quick Ratio	0.76	1.02	0.35	0.30	0.29	0.55	0.39	0.71	1.00	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-11,014	-463	1,079	-15,155	2,026	1,639	6,387	4,015	4,634	5,591
Operating Cash Flow to CapEx	127.84%	113.64%	135.83%	146.03%	171.66%	401.15%	1,218.61%	695.15%	592.43%	563.60%
Free Cash Flow to Firm to Interest Expense	-314.69	-2.19	3.62	-25.47	2.35	1.83	8.05	4.34	5.02	6.07
Operating Cash Flow to Interest Expense	12.20	7.07	6.40	5.16	4.74	5.05	6.19	5.43	5.85	6.46
Operating Cash Flow Less CapEx to Interest Expense	2.66	0.85	1.69	1.63	1.98	3.79	5.68	4.65	4.86	5.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.13	0.18	0.21	0.24	0.23	0.24	0.28	0.33	0.31	0.32
Accounts Receivable Turnover	4.56	6.19	7.75	13.18	15.02	10.62	8.26	8.40	7.43	7.65
Inventory Turnover	14.32	21.04	28.30	35.29	35.69	16.36	32.56	34.63	30.35	28.34
Fixed Asset Turnover	0.20	0.28	0.33	0.42	0.41	0.42	0.49	0.00	0.00	0.00
Accounts Payable Turnover	5.04	5.99	3.80	6.17	14.61	4.97	3.44	4.62	24.71	32.03
Days Sales Outstanding (DSO)	80.06	58.93	47.10	27.69	24.30	34.38	44.17	43.44	49.13	47.70
Days Inventory Outstanding (DIO)	25.49	17.35	12.90	10.34	10.23	22.31	11.21	10.54	12.03	12.88
Days Payable Outstanding (DPO)	72.43	60.89	96.09	59.20	24.98	73.39	106.06	79.08	14.77	11.40
Cash Conversion Cycle (CCC)	33.12	15.39	-36.09	-21.17	9.55	-16.70	-50.68	-25.10	46.39	49.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	12,475	13,880	13,991	31,863	32,214	30,723	28,327	29,213	29,465	29,150
Invested Capital Turnover	0.16	0.23	0.28	0.31	0.28	0.29	0.34	0.40	0.38	0.41
Increase / (Decrease) in Invested Capital	11,394	1,405	111	17,872	351	-1,491	-2,396	886	252	-315
Enterprise Value (EV)	4,298	9,031	12,002	27,978	32,606	33,676	40,485	43,827	49,961	63,196
Market Capitalization	1,531	6,296	7,926	13,874	16,966	16,375	24,702	27,159	33,191	47,864
Book Value per Share	$117.77	$30.84	$23.62	$22.11	$15.45	$12.28	$22.58	$12.27	$12.44	$13.33
Tangible Book Value per Share	$80.73	$23.23	$17.13	$7.79	$5.24	$4.00	$14.26	$3.95	$4.15	$5.31
Total Capital	14,922	16,532	17,918	36,657	37,294	34,124	31,588	33,310	34,015	34,958
Total Debt	5,255	4,422	6,945	17,922	19,713	20,139	18,571	19,796	20,431	20,948
Total Long-Term Debt	5,255	4,422	6,945	17,922	19,704	19,375	18,072	18,808	19,296	19,255
Net Debt	2,754	1,717	2,930	12,944	14,423	16,088	14,577	15,463	15,640	14,898
Capital Expenditures (CapEx)	334	1,312	1,404	2,103	2,378	1,127	403	722	911	1,055
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-92	-129	-750	-905	-654	178	-1,355	254	271	215
Debt-free Net Working Capital (DFNWC)	-49	105	-745	-828	-639	193	-1,342	492	1,319	1,734
Net Working Capital (NWC)	-49	105	-745	-828	-648	-571	-1,841	-496	184	41
Net Nonoperating Expense (NNE)	47	42	354	711	915	835	879	923	920	919
Net Nonoperating Obligations (NNO)	2,808	1,770	3,018	13,128	14,633	16,738	15,310	15,699	15,881	15,140
Total Depreciation and Amortization (D&A)	134	637	736	922	1,296	1,438	1,357	1,303	1,268	1,337
Debt-free, Cash-free Net Working Capital to Revenue	-8.36%	-4.26%	-19.39%	-12.92%	-7.23%	1.95%	-13.51%	2.19%	2.40%	1.80%
Debt-free Net Working Capital to Revenue	-4.45%	3.47%	-19.27%	-11.82%	-7.07%	2.11%	-13.38%	4.24%	11.69%	14.53%
Net Working Capital to Revenue	-4.45%	3.47%	-19.27%	-11.82%	-7.17%	-6.25%	-18.36%	-4.27%	1.63%	0.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.34	$0.00	$1.07	$2.29	$1.00	($0.80)	$2.86	$3.75	$3.80	$4.21
Adjusted Weighted Average Basic Shares Outstanding	99M	676M	778M	1.52B	1.81B	2.10B	1.03B	1.01B	1.00B	1.02B
Adjusted Diluted Earnings per Share	$1.33	$0.00	$1.06	$2.29	$1.00	($0.80)	$2.86	$3.75	$3.80	$4.21
Adjusted Weighted Average Diluted Shares Outstanding	100M	690M	784M	1.52B	1.81B	2.10B	1.03B	1.01B	1.00B	1.02B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	99M	0.00	0.00	761M	906M	1.05B	1.03B	1.01B	1.00B	1.02B
Normalized Net Operating Profit after Tax (NOPAT)	380	732	1,190	2,717	2,502	1,689	4,033	4,901	4,886	5,276
Normalized NOPAT Margin	34.50%	24.17%	30.76%	38.79%	27.67%	18.48%	40.22%	42.20%	43.32%	44.21%
Pre Tax Income Margin	30.34%	13.93%	21.64%	28.75%	16.17%	-7.49%	31.05%	34.32%	35.25%	36.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.54	3.00	3.81	4.38	2.70	0.24	5.03	5.31	5.31	5.74
NOPAT to Interest Expense	10.85	4.46	3.99	4.57	2.76	0.16	5.03	5.30	5.29	5.73
EBIT Less CapEx to Interest Expense	1.00	-3.22	-0.90	0.85	-0.06	-1.02	4.53	4.53	4.32	4.60
NOPAT Less CapEx to Interest Expense	1.31	-1.75	-0.72	1.03	0.00	-1.09	4.52	4.52	4.31	4.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	47.75%	97.00%	142.58%	95.06%	209.92%	-442.94%	116.07%	77.55%	84.14%	83.70%
Augmented Payout Ratio	47.75%	97.00%	142.58%	95.06%	209.92%	-447.74%	136.31%	89.89%	84.14%	91.19%

This table displays calculated financial ratios and metrics derived from Mplx's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	32.90%	-4.93%	3.95%	-8.50%	-14.38%	11.42%	4.90%	13.46%	2.06%	3.27%
EBITDA Growth	47.56%	-4.95%	8.48%	3.60%	-26.42%	22.49%	4.77%	17.10%	9.74%	-0.83%
EBIT Growth	65.74%	-5.53%	12.83%	5.19%	-31.06%	29.72%	4.60%	20.77%	10.49%	-2.33%
NOPAT Growth	62.25%	-5.75%	13.39%	5.19%	-31.09%	29.02%	4.61%	20.56%	10.39%	-2.00%
Net Income Growth	77.19%	-1.67%	14.29%	6.56%	-35.42%	38.84%	6.62%	25.90%	12.82%	-3.06%
EPS Growth	0.00%	0.00%	16.67%	9.64%	-34.56%	39.74%	7.69%	26.37%	13.48%	-1.83%
Operating Cash Flow Growth	-12.10%	10.32%	9.07%	-3.36%	19.73%	8.85%	5.22%	8.91%	13.75%	12.49%
Free Cash Flow Firm Growth	-125.01%	-95.13%	79.06%	-14.74%	270.24%	548.80%	-69.16%	-29.97%	-58.34%	48.52%
Invested Capital Growth	10.59%	3.13%	-3.55%	-0.55%	-2.83%	0.86%	1.90%	1.67%	1.53%	-1.07%
Revenue Q/Q Growth	15.68%	-21.73%	1.92%	-0.85%	8.25%	1.85%	-4.05%	7.24%	-2.62%	3.06%
EBITDA Q/Q Growth	38.06%	-30.68%	9.11%	-0.80%	-1.94%	15.40%	-6.67%	10.88%	-8.10%	4.28%
EBIT Q/Q Growth	49.87%	-36.68%	12.83%	-1.76%	-1.79%	19.15%	-9.02%	13.43%	-10.15%	5.33%
NOPAT Q/Q Growth	49.76%	-36.79%	12.99%	-1.65%	-1.89%	18.35%	-8.39%	13.35%	-10.17%	5.06%
Net Income Q/Q Growth	62.56%	-42.66%	15.53%	-1.05%	-1.49%	23.28%	-11.28%	16.85%	-11.72%	5.92%
EPS Q/Q Growth	63.86%	-42.65%	16.67%	0.00%	-2.20%	22.47%	-10.09%	17.35%	-12.17%	5.94%
Operating Cash Flow Q/Q Growth	-30.13%	31.67%	-10.31%	17.11%	-13.43%	19.69%	-13.30%	21.22%	-9.58%	18.37%
Free Cash Flow Firm Q/Q Growth	-174.74%	114.64%	1,219.90%	-40.96%	49.23%	-44.21%	-37.27%	34.09%	-11.23%	98.90%
Invested Capital Q/Q Growth	2.37%	-1.65%	-0.74%	-0.49%	0.02%	2.09%	0.29%	-0.72%	-0.11%	-0.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.27%	16.38%	72.69%	85.99%	54.98%	24.85%	73.19%	86.60%	58.41%	21.78%
EBITDA Margin	58.66%	51.95%	55.62%	55.65%	50.41%	57.11%	55.55%	57.44%	54.21%	54.85%
Operating Margin	49.22%	39.82%	44.08%	43.68%	39.63%	46.36%	43.96%	46.49%	42.90%	43.85%
EBIT Margin	49.22%	39.82%	44.08%	43.68%	39.63%	46.36%	43.96%	46.49%	42.90%	43.85%
Profit (Net Income) Margin	42.25%	30.95%	35.09%	35.02%	31.87%	38.57%	35.66%	38.86%	35.23%	36.21%
Tax Burden Percent	99.93%	99.76%	99.90%	100.00%	99.89%	99.22%	99.90%	99.83%	99.81%	99.55%
Interest Burden Percent	85.90%	77.92%	79.68%	80.17%	80.50%	83.85%	81.22%	83.72%	82.27%	82.95%
Effective Tax Rate	0.07%	0.24%	0.10%	0.00%	0.11%	0.78%	0.10%	0.17%	0.19%	0.45%
Return on Invested Capital (ROIC)	21.89%	16.03%	17.47%	17.31%	14.84%	17.69%	17.12%	18.79%	17.43%	17.77%
ROIC Less NNEP Spread (ROIC-NNEP)	20.28%	14.53%	16.00%	15.83%	13.42%	16.29%	15.65%	17.30%	15.96%	16.30%
Return on Net Nonoperating Assets (RNNOA)	21.70%	16.98%	20.28%	19.01%	15.73%	18.99%	18.67%	19.89%	18.05%	18.33%
Return on Equity (ROE)	43.59%	33.02%	37.75%	36.32%	30.57%	36.67%	35.79%	38.67%	35.48%	36.10%
Cash Return on Invested Capital (CROIC)	7.50%	13.96%	20.69%	18.18%	18.51%	15.80%	14.99%	16.16%	16.71%	19.08%
Operating Return on Assets (OROA)	17.32%	12.99%	14.47%	13.98%	12.10%	14.49%	13.91%	14.74%	13.61%	14.13%
Return on Assets (ROA)	14.87%	10.10%	11.52%	11.21%	9.73%	12.05%	11.29%	12.32%	11.17%	11.67%
Return on Common Equity (ROCE)	40.67%	43.97%	34.26%	32.99%	27.84%	33.51%	33.11%	36.33%	33.35%	34.05%
Return on Equity Simple (ROE_SIMPLE)	18.41%	0.00%	34.59%	34.67%	30.11%	0.00%	31.35%	31.77%	32.42%	0.00%
Net Operating Profit after Tax (NOPAT)	1,673	1,057	1,195	1,175	1,153	1,364	1,250	1,417	1,273	1,337
NOPAT Margin	49.19%	39.72%	44.04%	43.68%	39.59%	46.00%	43.91%	46.42%	42.82%	43.65%
Net Nonoperating Expense Percent (NNEP)	1.61%	1.51%	1.47%	1.48%	1.42%	1.40%	1.47%	1.48%	1.46%	1.47%
Return On Investment Capital (ROIC_SIMPLE)	-	3.27%	-	-	-	4.12%	-	-	-	3.85%
Cost of Revenue to Revenue	27.73%	83.62%	27.31%	14.01%	45.02%	75.15%	26.81%	13.40%	41.59%	78.22%
SG&A Expenses to Revenue	2.59%	3.27%	3.28%	3.31%	3.50%	3.34%	3.83%	3.51%	3.60%	3.40%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.05%	-23.44%	28.60%	42.30%	15.35%	-21.51%	29.23%	40.10%	15.51%	-22.07%
Earnings before Interest and Taxes (EBIT)	1,674	1,060	1,196	1,175	1,154	1,375	1,251	1,419	1,275	1,343
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,995	1,383	1,509	1,497	1,468	1,694	1,581	1,753	1,611	1,680
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.13	2.21	2.66	2.59	2.70	2.67	3.24	3.22	3.35	3.53
Price to Tangible Book Value (P/TBV)	6.53	6.86	8.94	8.41	8.47	7.99	9.07	8.29	8.48	8.84
Price to Revenue (P/Rev)	2.11	2.34	2.69	2.71	2.97	2.94	3.65	3.68	3.83	4.01
Price to Earnings (P/E)	5.36	7.12	7.75	7.52	8.99	8.67	10.38	10.14	10.30	11.16
Dividend Yield	10.77%	10.68%	9.41%	9.76%	9.51%	11.92%	7.82%	7.81%	7.65%	7.46%
Earnings Yield	18.66%	14.05%	12.91%	13.29%	11.12%	11.54%	9.63%	9.86%	9.71%	8.96%
Enterprise Value to Invested Capital (EV/IC)	1.46	1.50	1.67	1.66	1.71	1.70	1.97	2.01	2.08	2.17
Enterprise Value to Revenue (EV/Rev)	3.44	3.77	4.14	4.17	4.48	4.43	5.09	5.00	5.15	5.30
Enterprise Value to EBITDA (EV/EBITDA)	6.89	7.05	7.67	7.49	8.40	8.10	9.31	9.07	9.17	9.54
Enterprise Value to EBIT (EV/EBIT)	8.71	8.92	9.62	9.37	10.73	10.20	11.73	11.33	11.45	11.95
Enterprise Value to NOPAT (EV/NOPAT)	8.73	8.94	9.63	9.38	10.74	10.22	11.76	11.37	11.49	11.98
Enterprise Value to Operating Cash Flow (EV/OCF)	8.86	8.73	9.48	9.43	9.33	9.26	10.64	10.54	10.58	10.63
Enterprise Value to Free Cash Flow (EV/FCFF)	20.42	10.92	7.95	9.09	9.08	10.78	13.24	12.53	12.53	11.30
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.45	1.46	1.56	1.55	1.53	1.50	1.50	1.59	1.58	1.50
Long-Term Debt to Equity	1.38	1.39	1.56	1.55	1.53	1.42	1.38	1.39	1.38	1.37
Financial Leverage	1.07	1.17	1.27	1.20	1.17	1.17	1.19	1.15	1.13	1.12
Leverage Ratio	2.62	2.68	2.74	2.73	2.67	2.66	2.70	2.74	2.73	2.68
Compound Leverage Factor	2.25	2.09	2.18	2.18	2.15	2.23	2.19	2.30	2.25	2.23
Debt to Total Capital	59.18%	59.43%	60.98%	60.74%	60.53%	60.06%	59.97%	61.38%	61.23%	59.92%
Short-Term Debt to Total Capital	2.94%	2.97%	0.00%	0.00%	0.00%	3.34%	4.81%	7.86%	7.86%	4.84%
Long-Term Debt to Total Capital	56.24%	56.46%	60.98%	60.74%	60.52%	56.73%	55.16%	53.52%	53.37%	55.08%
Preferred Equity to Total Capital	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.61%	3.62%	3.60%	3.59%	3.58%	3.32%	2.33%	1.21%	1.21%	1.24%
Common Equity to Total Capital	37.22%	36.95%	35.41%	35.67%	35.90%	36.61%	37.70%	37.41%	37.56%	38.84%
Debt to EBITDA	3.15	3.19	3.22	3.20	3.49	3.31	3.28	3.40	3.33	3.16
Net Debt to EBITDA	2.47	2.49	2.50	2.43	2.62	2.54	2.52	2.34	2.27	2.25
Long-Term Debt to EBITDA	2.99	3.03	3.22	3.20	3.49	3.13	3.01	2.96	2.90	2.91
Debt to NOPAT	3.98	4.04	4.04	4.00	4.46	4.18	4.14	4.26	4.16	3.97
Net Debt to NOPAT	3.13	3.16	3.14	3.04	3.35	3.20	3.18	2.93	2.85	2.82
Long-Term Debt to NOPAT	3.79	3.84	4.04	4.00	4.46	3.95	3.81	3.71	3.63	3.65
Altman Z-Score	1.20	1.14	1.30	1.28	1.31	1.31	1.49	1.49	1.52	1.66
Noncontrolling Interest Sharing Ratio	6.71%	-33.19%	9.25%	9.16%	8.94%	8.62%	7.49%	6.06%	6.01%	5.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.78	0.79	1.53	1.76	1.96	1.07	0.72	0.99	0.99	1.01
Quick Ratio	0.70	0.71	1.38	1.62	1.82	1.00	0.66	0.95	0.94	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,171	171	2,263	1,336	1,994	1,112	698	936	831	1,652
Operating Cash Flow to CapEx	444.02%	524.14%	726.04%	546.39%	557.85%	543.43%	506.27%	734.74%	505.36%	545.60%
Free Cash Flow to Firm to Interest Expense	-5.40	0.68	9.31	5.73	8.86	5.01	2.97	4.05	3.68	7.21
Operating Cash Flow to Interest Expense	4.79	5.41	5.05	6.17	5.53	6.71	5.49	6.77	6.26	7.31
Operating Cash Flow Less CapEx to Interest Expense	3.71	4.38	4.35	5.04	4.54	5.47	4.41	5.85	5.02	5.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.35	0.33	0.33	0.32	0.31	0.31	0.32	0.32	0.32	0.32
Accounts Receivable Turnover	8.68	8.40	7.89	7.93	6.79	7.43	7.69	8.22	7.45	7.65
Inventory Turnover	30.10	34.63	34.19	28.30	30.52	30.35	30.79	30.01	28.54	28.34
Fixed Asset Turnover	0.64	0.00	0.61	0.00	0.59	0.00	0.60	0.00	0.63	0.00
Accounts Payable Turnover	3.47	4.62	28.09	9.71	11.86	24.71	34.54	36.96	36.80	32.03
Days Sales Outstanding (DSO)	42.07	43.44	46.25	46.02	53.72	49.13	47.49	44.42	48.97	47.70
Days Inventory Outstanding (DIO)	12.13	10.54	10.68	12.90	11.96	12.03	11.85	12.16	12.79	12.88
Days Payable Outstanding (DPO)	105.33	79.08	13.00	37.59	30.78	14.77	10.57	9.88	9.92	11.40
Cash Conversion Cycle (CCC)	-51.13	-25.10	43.93	21.32	34.90	46.39	48.77	46.70	51.84	49.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	29,703	29,213	28,998	28,855	28,862	29,465	29,550	29,336	29,304	29,150
Invested Capital Turnover	0.45	0.40	0.40	0.40	0.37	0.38	0.39	0.40	0.41	0.41
Increase / (Decrease) in Invested Capital	2,844	886	-1,068	-161	-841	252	552	481	442	-315
Enterprise Value (EV)	43,327	43,827	48,562	47,824	49,210	49,961	58,122	58,913	60,912	63,196
Market Capitalization	26,510	27,159	31,500	31,092	32,645	33,191	41,611	43,280	45,375	47,864
Book Value per Share	$12.29	$12.27	$11.83	$11.97	$12.10	$12.44	$12.75	$13.24	$13.27	$13.33
Tangible Book Value per Share	$4.01	$3.95	$3.52	$3.69	$3.85	$4.15	$4.55	$5.14	$5.24	$5.31
Total Capital	33,422	33,310	33,442	33,595	33,734	34,015	34,091	35,958	36,068	34,958
Total Debt	19,779	19,796	20,394	20,406	20,418	20,431	20,444	22,072	22,086	20,948
Total Long-Term Debt	18,797	18,808	20,393	20,405	20,417	19,296	18,805	19,245	19,250	19,255
Net Debt	15,550	15,463	15,857	15,527	15,359	15,640	15,716	15,198	15,102	14,898
Capital Expenditures (CapEx)	234	261	169	263	223	274	255	213	280	307
Debt-free, Cash-free Net Working Capital (DFCFNWC)	313	254	308	251	378	271	433	296	361	215
Debt-free Net Working Capital (DFNWC)	434	492	701	1,006	1,338	1,319	818	2,797	2,787	1,734
Net Working Capital (NWC)	-548	-496	700	1,005	1,337	184	-821	-30	-49	41
Net Nonoperating Expense (NNE)	236	233	243	233	225	220	235	231	226	228
Net Nonoperating Obligations (NNO)	16,060	15,699	15,950	15,666	15,546	15,881	15,903	15,450	15,322	15,140
Total Depreciation and Amortization (D&A)	321	323	313	322	314	319	330	334	336	337
Debt-free, Cash-free Net Working Capital to Revenue	2.49%	2.19%	2.63%	2.19%	3.44%	2.40%	3.79%	2.51%	3.05%	1.80%
Debt-free Net Working Capital to Revenue	3.45%	4.24%	5.98%	8.77%	12.19%	11.69%	7.17%	23.75%	23.55%	14.53%
Net Working Capital to Revenue	-4.35%	-4.27%	5.97%	8.77%	12.18%	1.63%	-7.19%	-0.25%	-0.41%	0.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.78	$0.91	$0.91	$0.89	$1.09	$0.98	$1.15	$1.01	$1.07
Adjusted Weighted Average Basic Shares Outstanding	1.01B	1.01B	1.00B	1.00B	1.00B	1.00B	1.01B	1.02B	1.02B	1.02B
Adjusted Diluted Earnings per Share	$0.00	$0.78	$0.91	$0.91	$0.89	$1.09	$0.98	$1.15	$1.01	$1.07
Adjusted Weighted Average Diluted Shares Outstanding	1.01B	1.01B	1.00B	1.00B	1.00B	1.00B	1.01B	1.02B	1.02B	1.02B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.01B	1.01B	1.00B	1.00B	1.00B	1.00B	1.01B	1.02B	1.02B	1.02B
Normalized Net Operating Profit after Tax (NOPAT)	1,673	1,057	1,195	823	1,153	1,364	1,250	1,417	1,273	1,337
Normalized NOPAT Margin	49.19%	39.72%	44.04%	30.58%	39.59%	46.00%	43.91%	46.42%	42.82%	43.65%
Pre Tax Income Margin	42.28%	31.03%	35.13%	35.02%	31.90%	38.87%	35.70%	38.93%	35.30%	36.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.71	4.19	4.92	5.04	5.13	6.19	5.32	6.14	5.64	5.86
NOPAT to Interest Expense	7.71	4.18	4.92	5.04	5.12	6.15	5.32	6.13	5.63	5.84
EBIT Less CapEx to Interest Expense	6.64	3.16	4.23	3.91	4.14	4.96	4.24	5.22	4.40	4.52
NOPAT Less CapEx to Interest Expense	6.63	3.15	4.22	3.91	4.13	4.91	4.23	5.21	4.39	4.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	74.86%	77.55%	76.86%	77.30%	89.33%	84.14%	84.21%	81.21%	80.69%	83.70%
Augmented Payout Ratio	84.75%	89.89%	86.40%	85.87%	94.16%	84.14%	86.08%	84.72%	85.84%	91.19%

Frequently Asked Questions About Mplx's Financials

When does Mplx's financial year end?

According to the most recent income statement we have on file, Mplx's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Mplx's net income changed over the last 9 years?

Mplx's net income appears to be on an upward trend, with a most recent value of $4.36 billion in 2024, rising from $333 million in 2015. The previous period was $3.97 billion in 2023.

What is Mplx's operating income?

Mplx's total operating income in 2024 was $5.29 billion, based on the following breakdown:

Total Gross Profit: $7.13 billion
Total Operating Expenses: $1.84 billion

How has Mplx revenue changed over the last 9 years?

Over the last 9 years, Mplx's total revenue changed from $1.10 billion in 2015 to $11.93 billion in 2024, a change of 983.8%.

How much debt does Mplx have?

Mplx's total liabilities were at $23.50 billion at the end of 2024, a 2.4% increase from 2023, and a 265.1% increase since 2015.

How much cash does Mplx have?

In the past 9 years, Mplx's cash and equivalents has ranged from $5 million in 2017 to $1.52 billion in 2024, and is currently $1.52 billion as of their latest financial filing in 2024.

How has Mplx's book value per share changed over the last 9 years?

Over the last 9 years, Mplx's book value per share changed from 117.77 in 2015 to 13.33 in 2024, a change of -88.7%.

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This page (NYSE:MPLX) was last updated on 4/25/2025 by MarketBeat.com Staff

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Mplx (MPLX) Financials

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