Free cash flow
MPLX Free cash flow decreased by 1.3% to $772.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 21.1%, from $979.00M to $772.00M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows relatively stable performance with a -1.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.26B | $1.04B | $1.09B | $956.00M | $1.36B | $798.00M | $1.10B | $1.06B | $1.17B | $1.01B | $1.21B | $1.04B | $1.35B | $1.14B | $1.37B | $979.00M | $1.44B | $905.00M | $782.00M | $772.00M |
| QoQ Change | — | -17.0% | +4.0% | -11.9% | +42.5% | -41.4% | +37.5% | -3.6% | +11.0% | -13.6% | +19.7% | -14.7% | +30.5% | -16.1% | +20.4% | -28.4% | +46.6% | -36.9% | -13.6% | -1.3% |
| YoY Change | — | — | — | — | +8.4% | -23.5% | +1.1% | +10.7% | -13.8% | +27.1% | +10.7% | -2.1% | +15.2% | +11.9% | +12.6% | -5.5% | +6.1% | -20.3% | -42.8% | -21.1% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is MPLX's free cash flow?
- MPLX (MPLX) reported free cash flow of $772.00M in Q1 2026.
- How has MPLX's free cash flow changed year-over-year?
- MPLX's free cash flow decreased by 21.1% year-over-year, from $979.00M to $772.00M.
- What is the long-term trend for MPLX's free cash flow?
- Over 4 years (2021 to 2025), MPLX's free cash flow has grown at a -1.6% compound annual growth rate (CAGR), from $4.38B to $4.10B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.