Financial Statements — MPLX
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 1.03 | 1.51 | 1.77 | 1.39 | 2.53 | 2.43 | 2.50 | 0.39 | 0.96 | 0.76 | 0.39 | 0.12 | 0.30 | 0.04 | 0.04 | 0.01 | 0.02 |
| Accounts Receivable | 0.67 | 0.77 | 0.73 | 0.74 | 0.86 | 0.74 | 0.75 | 0.75 | 0.83 | 0.72 | 0.71 | 0.94 | 0.79 | 0.74 | 0.62 | 0.54 | 0.52 |
| Total Current Assets | 2.88 | 3.52 | 4.60 | 3.17 | 4.52 | 4.22 | 4.20 | 2.14 | 2.74 | 2.32 | 2.01 | 1.95 | 2.02 | 1.80 | 1.52 | 1.33 | 1.37 |
| Property, Plant & Equipment | 22.65 | 21.99 | 21.35 | 19.19 | 19.15 | 19.15 | 19.19 | 19.30 | 18.62 | 18.69 | 18.76 | 18.91 | 19.77 | 19.91 | 20.16 | 20.35 | 21.00 |
| Goodwill | 8.74 | 8.74 | 8.73 | 7.65 | 7.65 | 7.65 | 7.65 | 7.65 | 7.65 | 7.65 | 7.65 | 7.65 | 7.65 | 7.66 | 7.66 | 7.66 | 7.66 |
| Intangible Assets | 1.32 | 1.36 | 1.44 | 0.50 | 0.53 | 0.55 | 0.59 | 0.62 | 0.61 | 0.64 | 0.67 | 0.74 | 0.77 | 0.80 | 0.86 | 0.90 | 0.93 |
| Total Non-current Assets* | 40.09 | 39.41 | 38.63 | 34.67 | 34.45 | 34.30 | 34.21 | 34.32 | 33.38 | 33.55 | 33.66 | 33.86 | 33.77 | 33.93 | 34.18 | 34.44 | 34.66 |
| Total Assets | 42.97 | 42.93 | 43.23 | 37.84 | 38.97 | 38.52 | 38.40 | 36.46 | 36.12 | 35.87 | 35.67 | 35.81 | 35.79 | 35.73 | 35.70 | 35.77 | 36.03 |
| Accounts Payable | 0.16 | 0.13 | 0.13 | 0.15 | 0.14 | 0.12 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.29 | 0.35 | 0.21 | 0.18 | 0.16 | 0.16 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 3.22 | 3.19 | 3.50 | 3.07 | 4.17 | 4.27 | 4.23 | 2.96 | 1.40 | 1.32 | 1.31 | 2.50 | 2.74 | 2.86 | 2.72 | 1.73 | 1.20 |
| Long-term Debt | 24.39 | 24.38 | 24.15 | 19.73 | 19.72 | 19.25 | 19.25 | 18.81 | 20.42 | 20.41 | 20.39 | 18.80 | 18.77 | 18.76 | 18.25 | 19.23 | 20.05 |
| Total Non-current Liabilities* | 25.49 | 25.44 | 25.20 | 20.72 | 20.74 | 20.27 | 20.29 | 19.85 | 21.41 | 21.37 | 21.31 | 19.67 | 19.94 | 19.87 | 19.30 | 20.28 | 21.02 |
| Total Liabilities | 28.72 | 28.64 | 28.70 | 23.79 | 24.90 | 24.53 | 24.52 | 22.81 | 22.80 | 22.68 | 22.62 | 22.17 | 22.68 | 22.73 | 22.02 | 22.01 | 22.21 |
| Total Stockholder Equity* | 14.25 | 14.30 | 14.52 | 14.05 | 14.07 | 13.98 | 13.89 | 13.65 | 13.32 | 13.19 | 13.05 | 13.64 | 13.11 | 13.00 | 13.68 | 13.76 | 13.82 |
* Derived from reported values
Income Statement
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 2.62 | 2.35 | 2.45 | 2.46 | 2.36 | 2.46 | 2.42 | 2.35 | 2.26 | 2.17 | 2.25 | 2.28 | 2.08 | 2.71 | 2.66 | 3.40 | 2.94 | 2.61 | 2.73 | 2.56 |
| Selling, General & Admin | 0.11 | 0.11 | 0.10 | 0.13 | 0.11 | 0.11 | 0.10 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | -- | 0.09 | -- |
| Operating Income | 1.38 | 1.21 | 1.48 | 1.80 | 1.29 | 1.37 | 1.34 | 1.27 | 1.42 | 1.25 | 1.38 | 1.15 | 1.18 | 1.20 | 1.06 | -- | -- | -- | -- | -- |
| Pretax Income | 1.09 | 0.92 | 1.21 | 1.56 | 1.06 | 1.14 | 1.11 | 1.05 | 1.19 | 1.02 | 1.15 | 0.93 | 0.94 | 0.95 | 0.83 | 1.44 | 0.88 | 0.84 | 0.84 | 0.81 |
| Tax Provision | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Net Income | 1.09 | 0.92 | 1.20 | 1.56 | 1.06 | 1.14 | 1.11 | 1.05 | 1.19 | 1.01 | 1.13 | 0.92 | 0.93 | 0.94 | 0.82 | 1.43 | 0.88 | 0.83 | 0.83 | 0.80 |
Cash Flow Statement
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 1.70 | 1.35 | 1.50 | 1.43 | 1.74 | 1.25 | 1.68 | 1.42 | 1.57 | 1.29 | 1.49 | 1.24 | 1.44 | 1.23 | 1.37 | 1.04 | 1.49 | 1.13 | 1.24 | 1.18 |
| Capital Expenditures | 0.83 | 0.57 | 0.71 | 0.53 | 0.30 | 0.27 | 0.31 | 0.28 | 0.21 | 0.26 | 0.28 | 0.23 | 0.26 | 0.17 | 0.27 | 0.24 | 0.13 | 0.17 | 0.16 | 0.14 |
| Free Cash Flow* | 0.88 | 0.77 | 0.78 | 0.91 | 1.44 | 0.98 | 1.37 | 1.14 | 1.35 | 1.04 | 1.21 | 1.01 | 1.17 | 1.06 | 1.10 | 0.80 | 1.36 | 0.96 | 1.09 | 1.04 |
| Investing Cash Flow | (1.03) | (0.79) | 0.08 | (3.73) | (0.60) | (0.60) | (0.35) | (0.54) | (0.11) | (1.00) | (0.52) | (0.24) | (0.27) | (0.22) | (0.28) | (0.26) | (0.13) | (0.28) | (0.14) | (0.13) |
| Financing Cash Flow | (1.15) | (1.19) | (1.20) | 2.68 | (2.28) | 0.37 | (2.23) | (0.95) | 0.67 | (0.96) | (0.88) | (0.80) | (0.80) | (0.85) | (0.97) | (0.95) | (1.10) | (0.82) | (1.12) | (1.02) |
* Derived from reported values
