MPLX LP
NYSE:MPLX
Income Statement
Earnings Waterfall
MPLX LP
Income Statement
MPLX LP
| Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
4
|
9
|
14
|
17
|
35
|
85
|
131
|
178
|
210
|
221
|
243
|
269
|
296
|
342
|
403
|
460
|
590
|
692
|
771
|
849
|
851
|
848
|
840
|
835
|
829
|
816
|
805
|
795
|
785
|
785
|
802
|
822
|
843
|
869
|
883
|
889
|
897
|
897
|
904
|
927
|
944
|
955
|
961
|
0
|
0
|
|
| Revenue |
411
N/A
|
418
+2%
|
426
+2%
|
438
+3%
|
462
+5%
|
475
+3%
|
486
+2%
|
489
+1%
|
486
-1%
|
509
+5%
|
521
+2%
|
535
+3%
|
548
+2%
|
612
+12%
|
691
+13%
|
767
+11%
|
1 101
+44%
|
1 545
+40%
|
2 030
+31%
|
2 653
+31%
|
3 028
+14%
|
3 268
+8%
|
3 486
+7%
|
3 629
+4%
|
3 867
+7%
|
4 402
+14%
|
5 064
+15%
|
5 796
+14%
|
7 005
+21%
|
7 820
+12%
|
8 452
+8%
|
9 020
+7%
|
9 041
+0%
|
7 798
-14%
|
7 669
-2%
|
7 636
0%
|
7 569
-1%
|
8 916
+18%
|
9 230
+4%
|
9 542
+3%
|
10 027
+5%
|
10 298
+3%
|
10 843
+5%
|
11 176
+3%
|
11 613
+4%
|
11 207
-3%
|
10 957
-2%
|
10 977
+0%
|
11 281
+3%
|
11 414
+1%
|
11 776
+3%
|
11 836
+1%
|
11 933
+1%
|
12 211
+2%
|
12 162
0%
|
12 809
+5%
|
12 998
+1%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(163)
|
(205)
|
(199)
|
(214)
|
(174)
|
(226)
|
(234)
|
(229)
|
(231)
|
(229)
|
(229)
|
(236)
|
(243)
|
(274)
|
(301)
|
(339)
|
(451)
|
(633)
|
(889)
|
(1 148)
|
(1 348)
|
(1 446)
|
(1 506)
|
(1 577)
|
(1 698)
|
(1 941)
|
(2 232)
|
(2 543)
|
(3 002)
|
(3 299)
|
(3 503)
|
(3 690)
|
(3 707)
|
(3 697)
|
(3 556)
|
(3 463)
|
(3 276)
|
(3 334)
|
(3 561)
|
(3 807)
|
(4 233)
|
(4 440)
|
(4 855)
|
(5 079)
|
(5 022)
|
(4 999)
|
(4 689)
|
(4 630)
|
(4 642)
|
(4 675)
|
(4 760)
|
(4 748)
|
(4 804)
|
(4 956)
|
(5 030)
|
(5 104)
|
(5 121)
|
|
| Gross Profit |
248
N/A
|
213
-14%
|
227
+6%
|
224
-1%
|
288
+29%
|
249
-14%
|
253
+2%
|
260
+3%
|
256
-2%
|
280
+9%
|
292
+4%
|
299
+2%
|
306
+2%
|
338
+10%
|
390
+16%
|
429
+10%
|
650
+52%
|
912
+40%
|
1 141
+25%
|
1 505
+32%
|
1 680
+12%
|
1 822
+8%
|
1 980
+9%
|
2 052
+4%
|
2 169
+6%
|
2 461
+13%
|
2 832
+15%
|
3 253
+15%
|
4 003
+23%
|
4 521
+13%
|
4 949
+9%
|
5 330
+8%
|
5 334
+0%
|
4 101
-23%
|
4 113
+0%
|
4 173
+1%
|
4 293
+3%
|
5 582
+30%
|
5 669
+2%
|
5 735
+1%
|
5 794
+1%
|
5 858
+1%
|
5 988
+2%
|
6 097
+2%
|
6 591
+8%
|
6 208
-6%
|
6 268
+1%
|
6 347
+1%
|
6 639
+5%
|
6 739
+2%
|
7 016
+4%
|
7 088
+1%
|
7 129
+1%
|
7 255
+2%
|
7 132
-2%
|
7 705
+8%
|
7 877
+2%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(116)
|
(83)
|
(99)
|
(98)
|
(145)
|
(105)
|
(103)
|
(107)
|
(108)
|
(112)
|
(115)
|
(117)
|
(122)
|
(137)
|
(152)
|
(166)
|
(269)
|
(426)
|
(608)
|
(783)
|
(868)
|
(925)
|
(932)
|
(950)
|
(978)
|
(984)
|
(1 021)
|
(1 081)
|
(1 266)
|
(1 434)
|
(1 588)
|
(1 711)
|
(1 741)
|
(1 766)
|
(1 769)
|
(1 830)
|
(1 880)
|
(1 874)
|
(1 866)
|
(1 836)
|
(1 760)
|
(1 780)
|
(1 724)
|
(1 699)
|
(1 680)
|
(1 161)
|
(1 163)
|
(1 699)
|
(1 723)
|
(1 784)
|
(1 817)
|
(1 768)
|
(1 841)
|
(1 852)
|
(1 855)
|
(1 902)
|
(1 934)
|
|
| Selling, General & Administrative |
(79)
|
(46)
|
(62)
|
(62)
|
(106)
|
(63)
|
(58)
|
(59)
|
(60)
|
(63)
|
(65)
|
(67)
|
(72)
|
(80)
|
(87)
|
(95)
|
(140)
|
(179)
|
(230)
|
(273)
|
(277)
|
(283)
|
(277)
|
(282)
|
(295)
|
(311)
|
(330)
|
(353)
|
(399)
|
(442)
|
(468)
|
(493)
|
(487)
|
(488)
|
(499)
|
(507)
|
(503)
|
(493)
|
(488)
|
(480)
|
(473)
|
(467)
|
(461)
|
(458)
|
(450)
|
(457)
|
(459)
|
(487)
|
(510)
|
(534)
|
(557)
|
(550)
|
(558)
|
(560)
|
(559)
|
(582)
|
(583)
|
|
| Depreciation & Amortization |
(36)
|
(37)
|
(37)
|
(37)
|
(39)
|
(42)
|
(45)
|
(48)
|
(49)
|
(50)
|
(50)
|
(50)
|
(50)
|
(57)
|
(64)
|
(71)
|
(129)
|
(246)
|
(377)
|
(509)
|
(591)
|
(642)
|
(655)
|
(668)
|
(683)
|
(672)
|
(696)
|
(733)
|
(867)
|
(992)
|
(1 117)
|
(1 218)
|
(1 254)
|
(1 278)
|
(1 286)
|
(1 330)
|
(1 377)
|
(1 381)
|
(1 378)
|
(1 356)
|
(1 287)
|
(1 271)
|
(1 263)
|
(1 241)
|
(1 230)
|
(1 213)
|
(1 213)
|
(1 212)
|
(1 213)
|
(1 234)
|
(1 244)
|
(1 265)
|
(1 283)
|
(1 292)
|
(1 296)
|
(1 320)
|
(1 351)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
5
|
0
|
0
|
(3)
|
0
|
0
|
0
|
16
|
7
|
0
|
0
|
0
|
0
|
0
|
(42)
|
0
|
0
|
0
|
509
|
509
|
0
|
0
|
(16)
|
(16)
|
47
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
132
N/A
|
130
-1%
|
128
-1%
|
126
-2%
|
143
+14%
|
144
+1%
|
150
+4%
|
153
+2%
|
147
-4%
|
168
+14%
|
177
+5%
|
181
+2%
|
183
+1%
|
201
+10%
|
239
+19%
|
263
+10%
|
381
+45%
|
486
+28%
|
533
+10%
|
722
+35%
|
812
+12%
|
897
+10%
|
1 048
+17%
|
1 102
+5%
|
1 191
+8%
|
1 477
+24%
|
1 811
+23%
|
2 172
+20%
|
2 737
+26%
|
3 087
+13%
|
3 361
+9%
|
3 619
+8%
|
3 593
-1%
|
2 335
-35%
|
2 344
+0%
|
2 343
0%
|
2 413
+3%
|
3 708
+54%
|
3 803
+3%
|
3 899
+3%
|
4 034
+3%
|
4 078
+1%
|
4 264
+5%
|
4 398
+3%
|
4 911
+12%
|
5 047
+3%
|
5 105
+1%
|
4 648
-9%
|
4 916
+6%
|
4 955
+1%
|
5 199
+5%
|
5 320
+2%
|
5 288
-1%
|
5 403
+2%
|
5 277
-2%
|
5 803
+10%
|
5 943
+2%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
2
|
2
|
1
|
2
|
1
|
1
|
0
|
(0)
|
0
|
(0)
|
(1)
|
(2)
|
(4)
|
(9)
|
(14)
|
(17)
|
(35)
|
(86)
|
(132)
|
(179)
|
(211)
|
(221)
|
(243)
|
(270)
|
(298)
|
(339)
|
(407)
|
(465)
|
(604)
|
(700)
|
(777)
|
(852)
|
(867)
|
(845)
|
(852)
|
(842)
|
(834)
|
(818)
|
(808)
|
(800)
|
(793)
|
(797)
|
(813)
|
(831)
|
(848)
|
(870)
|
(883)
|
(889)
|
(897)
|
(882)
|
(871)
|
(859)
|
(849)
|
(857)
|
(865)
|
(906)
|
(962)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(129)
|
(130)
|
(129)
|
(129)
|
1
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(11)
|
(1 211)
|
(3 372)
|
(3 372)
|
(3 398)
|
(2 202)
|
(37)
|
(79)
|
(43)
|
(42)
|
0
|
0
|
509
|
0
|
0
|
0
|
(63)
|
(16)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(12)
|
(23)
|
(35)
|
(47)
|
(50)
|
(50)
|
(51)
|
(53)
|
(56)
|
(61)
|
(63)
|
(65)
|
(119)
|
(111)
|
(109)
|
(108)
|
(53)
|
(60)
|
(63)
|
(64)
|
(62)
|
(73)
|
(76)
|
(80)
|
(86)
|
(79)
|
(80)
|
(78)
|
(77)
|
(76)
|
(63)
|
(46)
|
(26)
|
(33)
|
(42)
|
(55)
|
(72)
|
(58)
|
(53)
|
(29)
|
(21)
|
|
| Pre-Tax Income |
134
N/A
|
132
-1%
|
129
-2%
|
127
-2%
|
144
+14%
|
144
+0%
|
149
+3%
|
152
+2%
|
146
-4%
|
166
+14%
|
174
+5%
|
178
+2%
|
178
+0%
|
190
+7%
|
223
+17%
|
243
+9%
|
334
+37%
|
248
-26%
|
236
-5%
|
367
+56%
|
422
+15%
|
627
+49%
|
756
+21%
|
780
+3%
|
837
+7%
|
1 077
+29%
|
1 341
+25%
|
1 642
+22%
|
2 014
+23%
|
2 275
+13%
|
2 474
+9%
|
2 648
+7%
|
1 462
-45%
|
(1 942)
N/A
|
(1 943)
0%
|
(1 961)
-1%
|
(685)
+65%
|
2 780
N/A
|
2 840
+2%
|
2 976
+5%
|
3 113
+5%
|
3 202
+3%
|
3 371
+5%
|
3 998
+19%
|
3 986
0%
|
4 101
+3%
|
4 159
+1%
|
3 650
-12%
|
3 977
+9%
|
4 040
+2%
|
4 286
+6%
|
4 406
+3%
|
4 367
-1%
|
4 488
+3%
|
4 359
-3%
|
4 868
+12%
|
4 960
+2%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
(1)
|
3
|
11
|
11
|
12
|
8
|
(2)
|
(3)
|
(1)
|
(5)
|
(4)
|
(6)
|
(8)
|
(3)
|
(1)
|
(2)
|
0
|
(1)
|
(2)
|
1
|
(2)
|
(3)
|
(3)
|
(2)
|
(1)
|
(5)
|
(5)
|
(6)
|
(8)
|
(4)
|
(4)
|
(4)
|
(11)
|
(11)
|
(13)
|
(14)
|
(10)
|
(10)
|
(9)
|
(10)
|
(8)
|
|
| Income from Continuing Operations |
134
|
132
|
129
|
127
|
144
|
144
|
149
|
151
|
146
|
167
|
175
|
179
|
178
|
190
|
224
|
243
|
333
|
251
|
247
|
378
|
434
|
635
|
754
|
777
|
836
|
1 072
|
1 337
|
1 636
|
2 006
|
2 272
|
2 473
|
2 646
|
1 462
|
(1 943)
|
(1 945)
|
(1 960)
|
(687)
|
2 777
|
2 837
|
2 974
|
3 112
|
3 197
|
3 366
|
3 992
|
3 978
|
4 097
|
4 155
|
3 646
|
3 966
|
4 029
|
4 273
|
4 392
|
4 357
|
4 478
|
4 350
|
4 858
|
4 952
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
(13)
|
(31)
|
(47)
|
(65)
|
(68)
|
(72)
|
(70)
|
(66)
|
(57)
|
(57)
|
(68)
|
(54)
|
(1)
|
(25)
|
(1)
|
(3)
|
(2)
|
(3)
|
(3)
|
(2)
|
(6)
|
(7)
|
(9)
|
(14)
|
(16)
|
(20)
|
(23)
|
(25)
|
(28)
|
(30)
|
(31)
|
(32)
|
(33)
|
(34)
|
(36)
|
(36)
|
(35)
|
(34)
|
(34)
|
(34)
|
(34)
|
(35)
|
(35)
|
(36)
|
(38)
|
(39)
|
(40)
|
(40)
|
(40)
|
(40)
|
(40)
|
(40)
|
(40)
|
|
| Net Income (Common) |
134
N/A
|
132
-1%
|
129
-2%
|
25
-81%
|
13
-47%
|
(5)
N/A
|
(17)
-225%
|
69
N/A
|
76
+10%
|
92
+21%
|
102
+10%
|
108
+7%
|
115
+6%
|
124
+8%
|
141
+13%
|
146
+4%
|
99
-32%
|
(42)
N/A
|
(122)
-190%
|
(81)
+34%
|
1
N/A
|
172
+17 100%
|
307
+78%
|
347
+13%
|
411
+18%
|
744
+81%
|
1 078
+45%
|
1 455
+35%
|
1 743
+20%
|
1 821
+4%
|
1 849
+2%
|
1 960
+6%
|
935
-52%
|
(2 303)
N/A
|
(2 147)
+7%
|
(2 114)
+2%
|
(842)
+60%
|
2 621
N/A
|
2 679
+2%
|
2 798
+4%
|
2 936
+5%
|
3 021
+3%
|
3 190
+6%
|
3 831
+20%
|
3 815
0%
|
3 937
+3%
|
4 003
+2%
|
3 501
-13%
|
3 829
+9%
|
3 906
+2%
|
4 163
+7%
|
4 301
+3%
|
4 290
0%
|
4 415
+3%
|
4 296
-3%
|
4 809
+12%
|
4 912
+2%
|
|
| EPS (Diluted) |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0.23
N/A
|
-0.08
N/A
|
-0.29
-262%
|
1.87
N/A
|
1.03
-45%
|
1.24
+20%
|
1.37
+10%
|
1.46
+7%
|
1.55
+6%
|
1.55
N/A
|
1.75
+13%
|
1.82
+4%
|
1.01
-45%
|
-0.14
N/A
|
-0.36
-157%
|
-0.23
+36%
|
0
N/A
|
0.46
N/A
|
0.8
+74%
|
0.87
+9%
|
1.06
+22%
|
1.12
+6%
|
1.35
+21%
|
1.83
+36%
|
2.29
+25%
|
2.3
+0%
|
2.33
+1%
|
2.01
-14%
|
1.03
-49%
|
-2.17
N/A
|
-2.02
+7%
|
-2.01
+0%
|
-0.8
+60%
|
2.52
N/A
|
2.6
+3%
|
2.71
+4%
|
2.86
+6%
|
2.96
+3%
|
3.15
+6%
|
3.77
+20%
|
3.78
+0%
|
3.93
+4%
|
3.98
+1%
|
3.49
-12%
|
3.82
+9%
|
3.89
+2%
|
4.08
+5%
|
4.21
+3%
|
4.22
+0%
|
4.32
+2%
|
4.21
-3%
|
4.72
+12%
|
4.82
+2%
|
|