← MPLX LP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $3.0b $3.9b $5.0b $7.0b $6.9b $10.0b $11.6b $8.7b $9.2b $9.7b
Revenue from Contract with Customer, Excluding Assessed Tax, Third parties — — — — — $4.2b $5.0b $4.5b $4.8b $5.2b
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties — $1.1b $2.2b $3.6b $3.7b $3.8b $4.0b $4.2b $4.4b $4.5b
Revenue Not from Contract with Customer, Other — — — — $673.0m $2.0b $2.7b $2.5b $2.7b $3.3b
Total revenues and other income $2.6b $3.9b $6.4b $9.0b $7.6b $10.0b $11.6b $11.3b $11.9b $13.0b
Rental cost of sales $57.0m $62.0m $135.0m $141.0m $135.0m $136.0m $123.0m $115.0m $100.0m $96.0m
Cost of revenues (excludes items below) $354.0m $528.0m $1.8b $2.2b $1.9b $2.8b $3.4b $3.0b $1.6b $1.6b
Operating expenses:
Operating Income (Loss) — — — — $211.0m $4.0b $4.9b $4.9b $5.3b $5.9b
Additional Financial Items
Amortization of Intangible Assets — — $38.0m — — — — — — —
Goodwill, Impairment Loss $130.0m $0 $0 $1.2b $1.8b $0 $0 $0 $0 $0
Income (Loss) from Equity Method Investments ($74.0m) $78.0m $240.0m $290.0m ($936.0m) $321.0m $476.0m $600.0m $802.0m $697.0m
Investment Income, Interest — — — — — — — — $95.0m $68.0m
Operating Lease, Lease Income — — — $257.0m — — $327.0m — — —
Other Income $6.0m $6.0m $7.0m $12.0m $5.0m $21.0m $485.0m $247.0m $227.0m $343.0m
Other Operating Income $6.0m $6.0m $7.0m $12.0m $5.0m $4.0b $4.9b $4.9b $5.3b $5.9b
Sales-type Lease, Selling Profit (Loss) — — — $21.0m $0 $0 — — — —
Taxes, Miscellaneous $50.0m $54.0m $72.0m $113.0m $125.0m $120.0m $115.0m $131.0m $131.0m $137.0m
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic ($705.0m) ($494.0m) ($242.0m) ($1.7b) ($3.7b) ($496.0m) $835.0m $573.0m $7.0m $3.0m
Rental Income $298.0m $277.0m $349.0m $388.0m $398.0m $376.0m $327.0m $1.1b $1.1b $1.1b
Sales-type lease revenue — — — $7.0m $152.0m $435.0m $62.0m $136.0m $136.0m $151.0m
Sales-type lease revenue, related parties — — — — $152.0m $435.0m $465.0m $500.0m $475.0m $448.0m
Income from equity method investments ($74.0m) $78.0m $240.0m $290.0m ($936.0m) $321.0m $476.0m $600.0m $802.0m $697.0m
Purchases - related parties $316.0m $455.0m $860.0m $1.2b $1.1b $1.2b $1.4b $1.5b $1.6b $1.6b
Depreciation and amortization $546.0m $683.0m $766.0m $1.3b $1.4b $1.3b $1.2b $1.2b $1.3b $1.4b
Other taxes $43.0m $54.0m $72.0m $113.0m $125.0m $120.0m $115.0m $131.0m $131.0m $137.0m
Dividends, Preferred Stock $41.0m — — — $122.0m $141.0m $129.0m $99.0m $27.0m $0
Common - basic $0 $393.0m $761.0m $906.0m $1.1b $1.0b $1.0b $1.0b $1.0b $1.0b
Common - diluted $0 $396.0m $761.0m $907.0m $1.1b $1.0b $1.0b $1.0b $1.0b $1.0b
Equity Interest in Acquiree, Remeasurement Gain — — — — — — — $92.0m $20.0m $484.0m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $422.0m $837.0m $1.8b $1.5b ($685.0m) $3.1b $4.0b $4.0b $4.4b $5.0b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $683.0m $1.2b $2.5b $2.4b $211.0m $4.0b $3.9b $3.9b $4.3b $4.9b
Income before income taxes $246.0m $837.0m $1.8b $1.5b ($685.0m) $3.1b $4.0b $4.0b $4.4b $5.0b
Net Income (Loss) Attributable to Parent $233.0m $794.0m $1.8b $1.0b ($720.0m) $3.1b $3.9b $3.9b $4.3b $4.9b
Net Income (Loss) Available to Common Stockholders, Basic $1.0m $411.0m $1.7b $935.0m $0 $3.1b $3.9b $3.9b $4.3b $4.9b
Net Income (Loss) Attributable to Noncontrolling Interest $2.0m $6.0m $16.0m $28.0m $33.0m $35.0m $34.0m $38.0m $40.0m $40.0m
Less: Net income attributable to noncontrolling interests $2.0m $6.0m $16.0m $28.0m $33.0m $35.0m $34.0m $38.0m $40.0m $40.0m
General and Administrative Expense $227.0m $241.0m $291.0m $388.0m $378.0m $353.0m $335.0m $379.0m $427.0m $446.0m
General and administrative expenses $193.0m $241.0m $291.0m $388.0m $378.0m $353.0m $335.0m $379.0m $427.0m $446.0m
Other Nonoperating Income (Expense) ($50.0m) ($56.0m) ($122.0m) ($53.0m) ($62.0m) ($86.0m) — — — —
Cost, Depreciation and Amortization $546.0m $683.0m $766.0m $1.3b $1.4b $1.3b $1.2b $1.2b $1.3b $1.4b
Other Cost and Expense, Operating — — — $1.0m — — — — — —
Purchased product costs $448.0m $651.0m — — — — $2.1b $1.6b $1.6b $1.8b
Net interest and other financial costs — — — — — — $925.0m $923.0m $921.0m $983.0m
Other Tax Expense (Benefit) — — — — — — — $11.0m $10.0m $8.0m
Interest Expense, Debt — — — — — — — — $963.0m $1.1b
Current Income Tax Expense (Benefit) $5.0m $2.0m $0 — — — — — — —
Interest Income (Expense), Nonoperating, Net — — — — — — — ($26.0m) — —
Total costs and expenses $2.1b $2.7b $3.9b $6.7b $7.4b $6.0b $6.7b $6.4b $6.6b $7.1b
Income Tax Expense (Benefit) ($12.0m) $1.0m $8.0m $0 $2.0m $1.0m $8.0m $11.0m $10.0m —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.