Mplx LP (MPLX)
Mplx LP brought in $13.2B of revenue over the twelve months to June 30, 2026, up 8.7% from a year earlier. Net income was $4.7B, a net margin of 35.7%. Operating cash flow minus capital spending left $4.1B of free cash flow in fiscal 2025. At June 30, 2026 it held $1B in cash against $26B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 4, 2026.
Watch MPLX in 60 secondsWhat Mplx LP does
MPLX operates midstream energy infrastructure, including crude oil and refined product pipelines, river transportation barges, inland marine terminals, storage caverns, and natural gas gathering and processing systems. It primarily serves refining and logistics companies, transporting and processing hydrocarbons across the United States. Its shares trade on NYSE under the ticker MPLX.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $13B | $4.9B | n/a | $4.1B |
| 2024 | $11.9B | $4.3B | n/a | $4.9B |
| 2023 | $11.3B | $3.9B | n/a | $4.5B |
| 2022 | $11.6B | $3.9B | n/a | $4.2B |
| 2021 | $10B | $3.1B | n/a | $4.4B |
| 2020 | $7.6B | -$720M | n/a | $3.3B |
Full financial statements: income, balance sheet and cash flow
Where MPLX ranks in Energy
Latest SEC filings
What Mplx LP has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 24, 2026Other event 8-K
- August 11, 2026
- August 10, 2026
- August 10, 2026
- August 4, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 10% to $3.3B versus the same quarter last year; net income rose 2.8% to $1.1B.
- August 4, 2026
- May 6, 2026
- May 5, 2026Quarterly report 10-Q · period to March 31, 2026Revenue fell 2.8% to $3B versus the same quarter last year; net income fell 19% to $911M.
- May 5, 2026
- April 13, 2026
Insider trades
What the people running Mplx LP did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 7 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 14, 2026 | Breves Christine SDirector | Received as pay | 219 | - |
| August 14, 2026 | Helms Christopher ADirector | Received as pay | 1,337 | - |
| August 14, 2026 | Semple Frank MDirector | Received as pay | 1,073 | - |
| August 14, 2026 | Stice J MichaelDirector | Received as pay | 983 | - |
| August 14, 2026 | Surma John PDirector | Received as pay | 1,563 | - |
| August 14, 2026 | Walker Ray N JRDirector | Received as pay | 82 | - |
| August 14, 2026 | Peiffer Garry L.Director | Received as pay | 1,232 | - |
| May 15, 2026 | Breves Christine SDirector | Received as pay | 277 | - |
| May 15, 2026 | Helms Christopher ADirector | Received as pay | 1,415 | - |
| May 15, 2026 | Peiffer Garry L.Director | Received as pay | 1,304 | - |
| May 15, 2026 | Semple Frank MDirector | Received as pay | 1,194 | - |
| May 15, 2026 | Stice J MichaelDirector | Received as pay | 1,098 | - |
| May 15, 2026 | Surma John PDirector | Received as pay | 1,656 | - |
| May 15, 2026 | Walker Ray N JRDirector | Received as pay | 78 | - |
| April 30, 2026 | Breves Christine SDirector | Received as pay | 2,696 | - |
Who owns MPLX
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Insiders
14 insiders reported holding 1,115,702 shares in total, about $64.3M at the last price.
| Holder | Shares |
|---|---|
| Hennigan Michael JExecutive Chairman, Director | 359,137 |
| Mannen Maryann T.Chairman, President & CEO, Director | 165,459 |
| Surma John PDirector | 95,448 |
| Floerke Gregory ScottExec. VP and COO | 95,337 |
| Helms Christopher ADirector | 86,208 |
| Peiffer Garry L.Director | 69,313 |
| Semple Frank MDirector | 63,476 |
| Stice J MichaelDirector | 58,413 |
| Benson Molly RChief Legal Ofc & Corp Sec | 46,114 |
| Lyon Shawn MSenior VP, Log. & Storage | 28,289 |
Questions about MPLX
What does Mplx LP do?
MPLX operates midstream energy infrastructure, including crude oil and refined product pipelines, river transportation barges, inland marine terminals, storage caverns, and natural gas gathering and processing systems. It primarily serves refining and logistics companies, transporting and processing hydrocarbons across the United States. Its shares trade on NYSE under the ticker MPLX.
Is Mplx LP profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $4.7B on revenue of $13.2B, a net margin of 35.7%.
How much revenue does Mplx LP make?
Over the twelve months to June 30, 2026 Mplx LP reported revenue of $13.2B. That is 8.7% more than a year earlier.
When did Mplx LP last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 4, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the other event from August 24, 2026.
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Follow MPLX: get an email when it filesWhere the numbers come from
Financial figures are the values Mplx LP tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.