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MPLX Cash Flow Statement

Operating, investing, and financing cash movements

MPLX generated $6.0B in operating cash flow over the trailing twelve months. After $2.1B in capital expenditures, free cash flow was $3.9B. Free cash flow decreased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$6.0BNet Cash From Investing (TTM)-$5.1BNet Cash From Financing (TTM)-$2.0BCapital Expenditures (TTM)$2.1B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$57.3B
P/E Ratio12.10

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired—$237M—$3.1B—-$14M
Capital expenditures$308M$267M$301M$526M$714M$575M
Payment for (Proceeds from) Other Investing Activity$0$0-$8M-$100M—-$4M
Payments to Acquire Interest in Joint Venture$50M$119M$348M$309M$232M$238M
Net cash from investing activities-$349M-$601M-$602M-$3.7B$0-$791M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$59M-$76M—-$33M—-$15M
Change in accounts receivable-$42M$100M-$132M-$12M-$4M$24M
Change in inventories$9M$6M$6M$7M$7M$6M
Other working capital changes—-$2M$6M$0-$5M$11M
Net cash from operating activities$1.7B$1.2B$1.7B$1.4B$1.5B$1.3B
Net income$1.1B$1.1B$1.1B$1.6B$1.2B$922M
Non-cash interest expense$13M$10M$6M$7M$7M$7M
Cost Of Goods And Services Sold Depreciation And Amortization$324M$326M$324M$346M$355M$358M
Distributions of earnings from equity method investees$230M$188M$207M$236M$233M$237M
Gain (Loss) on Disposition of Assets—$0$0$1M$160M-$1M
Gain on equity method investment$5M$121M$121M$121M$121M—
Equity in earnings (losses) of equity method investees$171M$186M$170M$186M$155M$182M
Deferred revenue-$7M-$12M-$21M-$19M-$22M-$1M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt—$2B$1M$4.6B$0$1.5B
Repayments of debt$1.2B$500M$1.2B$762M$0$1.5B
Distributions to noncontrolling interests—$11M$11M$11M—$11M
Distribution Made to Limited Partner, Cash Distributions Paid$974M$972M$976M$975M$1.1B$1.1B
Payments Of Debt Issuance Costs$0$19M$1M$42M$1M$15M
Payments of Ordinary Dividends, Preferred Stock and Preference Stock—$6M————
Contributions from parent$9M$7M$7M$6M$4M$4M
Other, net-$1M-$6M———-$6M
Net cash from financing activities-$2.2B$370M-$2.3B$2.7B-$1.2B-$1.2B
Repurchases of common stock$100M$100M$100M$100M$100M$50M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.4B$979M$1.4B$905M$782M$772M