Income StatementBalance SheetCash FlowSegments
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MPLX Income Statement

Revenue, expenses, and profitability over time

MPLX generated $12.9B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $4.7B with a 36.69% net margin. Based on the Q1 2026 filing.

Total Revenue (TTM)$12.9BOperating Income (TTM)$5.8BNet Income (TTM)$4.7B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$54.8B
P/E Ratio11.57

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Production and delivery—$389.0M$369.0M$395.0M—$402.0M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Finance lease revenue$34.0M$37.0M$36.0M$37.0M$41.0M$48.0M
Total revenue$3.1B$3.1B$3.0B$3.6B$3.3B$3.0B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Tax Expense (Benefit)$2.5M$2.0M$2.0M$2.0M$2.0M—
Income tax expense$5.0M$1.0M$1.0M$3.0M—$1.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$171.0M$186.0M$170.0M$186.0M$155.0M$182.0M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
General and administrative$104.0M$112.0M$107.0M$126.0M$101.0M$114.0M
Total operating expenses$1.7B$1.8B$1.7B$1.8B$1.8B$1.8B
Purchased power and fuel—$459.0M$432.0M$493.0M—$498.0M
Depreciation and amortization$324.0M$326.0M$324.0M$346.0M$355.0M$358.0M
Costs And Expenses Related Party$421.0M$416.0M$422.0M$396.0M$415.0M$394.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$1.1B$1.1B$1.1B$1.6B$1.2B$923.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.1B$1.1B$1.1B$1.6B$1.2B$922.0M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$1.3B$1.4B$1.3B$1.8B$1.5B$1.2B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent$1.1B$1.1B$1.0B$1.5B$1.2B$912.0M
Interest and Debt Expense$229.0M$229.0M$234.0M$243.0M$277.0M$291.0M
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted$1.07$1.10$1.03$1.52$1.17$0.90
Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax$1.07$1.10$1.03$1.52$1.17$0.90
Sales-type lease revenue - related parties$116.0M$115.0M$116.0M$113.0M$104.0M$102.0M
Taxes other than income taxes and other – net$32.0M$33.0M$32.0M$36.0M$36.0M$36.0M
Weighted Average Limited Partnership Units Outstanding Diluted—1B1B1B—1B
Weighted Average Limited Partnership Units Outstanding—1B1B1B—1B