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MPLX LP

MPLX LPMPLXEarnings & Financial Report

NYSE · petroleum industry

MarkWest Energy Partners, L.P., a subsidiary of MPLX LP, is a natural gas gathering, processing and transportation company master limited partnership of the United States. In 1988, the company was founded in Denver, Colorado and grew to be Colorado's 13th largest company. In 2015 it was acquired by MPLX, itself a subsidiary of Marathon Petroleum.

NextFeb 27, 2026

MPLX Q3 2025 Key Financial Metrics

Revenue

$2.5B

Gross Profit

N/A

Operating Profit

$1.8B

Net Profit

$1.6B

Gross Margin

N/A

Operating Margin

73.2%

Net Margin

63.2%

YoY Growth

4.9%

Financial Flow

MPLX LP Q3 2025 Financial Summary

MPLX LP reported revenue of $2.5B for Q3 2025, with a net profit of $1.6B (63.2% margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue$2.5B
Net Profit$1.6B
Gross MarginN/A
Operating Margin73.2%
Report PeriodQ3 2025

MPLX LP Annual Revenue by Year

MPLX LP annual revenue history includes year-by-year totals (for example, 2024 revenue was $9.2B).

YearAnnual Revenue
2024$9.2B
2023$8.7B
2022$10.0B

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$2.25B$2.17B$2.25B$2.35B$2.42B$2.46B$2.36B$2.46B
YoY Growth-15.6%2.1%8.6%2.7%7.6%13.3%4.5%4.9%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$36.53B$36.46B$38.40B$38.52B$37.51B$38.97B$37.84B$43.23B
Liabilities$22.95B$22.81B$24.52B$24.53B$23.50B$24.90B$23.79B$28.70B
EquityN/AN/AN/AN/AN/AN/AN/AN/A

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$1.49B$1.29B$1.56B$1.42B$1.68B$1.25B$1.74B$1.43B