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USD millions

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

Revenue

12,998

11,933

11,281

11,613

10,027

7,569

9,041

7,005

3,867

3,029

1,101

793

Net income

4,912

4,317

3,928

3,944

3,077

(720)

1,033

1,818

794

233

156

121

Operating cash flow

5,909

5,946

5,397

5,019

4,911

4,521

4,082

3,071

1,907

1,491

427

334

Capital expenditures

1,808

1,056

937

806

529

1,183

2,408

2,111

1,411

1,313

334

141

Free cash flow

4,101

4,890

4,460

4,213

4,382

3,338

1,674

960

496

178

193

Cash & equivalents

2,137

1,519

1,048

238

234

Total assets

43,005

37,511

36,529

35,665

35,507

36,414

40,430

39,325

19,500

17,509

16,104

1,214

Total liabilities

28,477

23,501

22,945

22,151

22,490

22,429

22,849

20,590

8,527

5,399

6,437

751

Shareholders' equity

—

9,254

463

MPLX LP

MPLXCIK 000155200014 fiscal years

RevenueFY2025

$13.00B8.9%

Net incomeFY2025

$4.91B13.8%

Free cash flowFY2025

$4.10B16.1%

Trends

FY2013–FY2025 · hover a year for its filing

Revenue & net incomeRevenueNet income

revenue 26.7× since FY2013 · net margin 16.0% → 37.8%

MarginsNet marginFCF margin

FY2025: net 37.8% · free cash flow 31.6% of revenue

Cash flowOperating cash flowFree cash flow

FY2025: $5.91B operating cash − $1.81B capex = $4.10B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 1% (FY2012) → 2% (FY2015) · on assets 1.0%

Balance sheetLiabilitiesEquity

Financial statements

Annual Quarterly

USD millions, except per-share values; share counts in millions. Hover a value for its XBRL tag and filing accession.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	12,998	11,933	11,281	11,613	10,027	7,569	9,041	7,005	3,867	3,029	1,101	793
Net income	4,912	4,317	3,928	3,944	3,077	(720)	1,033	1,818	794	233	156	121
Operating cash flow	5,909	5,946	5,397	5,019	4,911	4,521	4,082	3,071	1,907	1,491	427	334
Capital expenditures	1,808	1,056	937	806	529	1,183	2,408	2,111	1,411	1,313	334	141
Free cash flow	4,101	4,890	4,460	4,213	4,382	3,338	1,674	960	496	178	93	193
Cash & equivalents	2,137	1,519	1,048	238	13	15	15	77	5	234	43	27
Total assets	43,005	37,511	36,529	35,665	35,507	36,414	40,430	39,325	19,500	17,509	16,104	1,214
Total liabilities	28,477	23,501	22,945	22,151	22,490	22,429	22,849	20,590	8,527	5,399	6,437	751
Shareholders' equity	—	—	—	—	—	—	—	—	—	—	9,254	463

As reported in SEC filings; a missing tag shows “—”, never zero. Free cash flow is operating cash flow − capex. Methodology