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道明尼能源（D）与MPLX LP（MPLX）财务数据对比。点击上方公司名可切换其他公司
道明尼能源的季度营收约是MPLX LP的1.7倍（$4.2B vs $2.5B），MPLX LP净利率更高（49.1% vs 13.9%，领先35.2%），道明尼能源同比增速更快（23.2% vs 1.4%），过去两年道明尼能源的营收复合增速更高（9.3% vs 6.2%）
道明尼能源是总部位于美国弗吉尼亚州里士满的能源企业，为弗吉尼亚、北卡罗来纳、南卡罗来纳三州的部分地区供电，同时向犹他、爱达荷、怀俄明、西弗吉尼亚、俄亥俄、宾夕法尼亚、佐治亚等州的部分区域供应天然气，在印第安纳、伊利诺伊、康涅狄格、罗得岛也设有发电设施。
MPLX LP旗下子公司MarkWest Energy Partners是美国业主有限合伙企业，主营天然气收集、加工及运输业务。该公司1988年成立于科罗拉多州丹佛市，曾发展为科罗拉多州第13大企业，2015年被马拉松石油旗下的MPLX收购。
D vs MPLX — 直观对比
营收规模更大
D
是对方的1.7倍
$2.5B
营收增速更快
D
高出21.8%
1.4%
净利率更高
MPLX
高出35.2%
13.9%
两年增速更快
D
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.5B |
| 净利润 | $586.0M | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | 18.0% | 60.5% |
| 净利率 | 13.9% | 49.1% |
| 营收同比 | 23.2% | 1.4% |
| 净利润同比 | 871.1% | 8.5% |
| 每股收益（稀释后） | $0.66 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DMPLX
| Q4 25 | $4.2B | $2.5B | ||
| Q3 25 | $4.5B | $2.5B | ||
| Q2 25 | $3.7B | $2.4B | ||
| Q1 25 | $4.1B | $2.5B | ||
| Q4 24 | $3.4B | $2.4B | ||
| Q3 24 | $3.8B | $2.3B | ||
| Q2 24 | $3.5B | $2.3B | ||
| Q1 24 | $3.5B | $2.2B |
净利润DMPLX
| Q4 25 | $586.0M | $1.2B | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $760.0M | $1.1B | ||
| Q1 25 | $646.0M | $1.1B | ||
| Q4 24 | $-76.0M | $1.1B | ||
| Q3 24 | $954.0M | $1.0B | ||
| Q2 24 | $572.0M | $1.2B | ||
| Q1 24 | $674.0M | $1.0B |
营业利润率DMPLX
| Q4 25 | 18.0% | 60.5% | ||
| Q3 25 | 29.7% | 73.2% | ||
| Q2 25 | 29.5% | 54.9% | ||
| Q1 25 | 29.9% | 55.5% | ||
| Q4 24 | 11.4% | 55.6% | ||
| Q3 24 | 32.2% | 54.4% | ||
| Q2 24 | 23.3% | 62.9% | ||
| Q1 24 | 23.6% | 57.6% |
净利率DMPLX
| Q4 25 | 13.9% | 49.1% | ||
| Q3 25 | 22.3% | 63.2% | ||
| Q2 25 | 20.4% | 44.9% | ||
| Q1 25 | 15.8% | 46.2% | ||
| Q4 24 | -2.2% | 45.9% | ||
| Q3 24 | 25.2% | 44.6% | ||
| Q2 24 | 16.6% | 52.6% | ||
| Q1 24 | 19.1% | 46.7% |
每股收益（稀释后）DMPLX
| Q4 25 | $0.66 | — | ||
| Q3 25 | $1.16 | — | ||
| Q2 25 | $0.88 | — | ||
| Q1 25 | $0.75 | — | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $1.12 | — | ||
| Q2 24 | $0.65 | — | ||
| Q1 24 | $0.78 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $250.0M | $2.1B |
| 总债务越低越好 | $44.1B | $24.2B |
| 股东权益账面价值 | $29.1B | — |
| 总资产 | $115.9B | $43.0B |
| 负债/权益比越低杠杆越低 | 1.52× | — |
8季度趋势，按日历期对齐
现金及短期投资DMPLX
| Q4 25 | $250.0M | $2.1B | ||
| Q3 25 | $932.0M | $1.8B | ||
| Q2 25 | $344.0M | $1.4B | ||
| Q1 25 | $355.0M | $2.5B | ||
| Q4 24 | $310.0M | $1.5B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $139.0M | $2.5B | ||
| Q1 24 | $265.0M | $385.0M |
总债务DMPLX
| Q4 25 | $44.1B | $24.2B | ||
| Q3 25 | $43.3B | $24.1B | ||
| Q2 25 | $40.3B | $19.7B | ||
| Q1 25 | $39.9B | $19.7B | ||
| Q4 24 | $37.5B | $19.3B | ||
| Q3 24 | $37.1B | $19.3B | ||
| Q2 24 | $36.6B | $19.2B | ||
| Q1 24 | $35.1B | $18.8B |
股东权益DMPLX
| Q4 25 | $29.1B | — | ||
| Q3 25 | $27.7B | — | ||
| Q2 25 | $27.2B | — | ||
| Q1 25 | $27.4B | — | ||
| Q4 24 | $27.3B | — | ||
| Q3 24 | $27.5B | — | ||
| Q2 24 | $27.1B | — | ||
| Q1 24 | $27.4B | — |
总资产DMPLX
| Q4 25 | $115.9B | $43.0B | ||
| Q3 25 | $111.6B | $43.2B | ||
| Q2 25 | $107.4B | $37.8B | ||
| Q1 25 | $104.6B | $39.0B | ||
| Q4 24 | $102.4B | $37.5B | ||
| Q3 24 | $99.8B | $38.5B | ||
| Q2 24 | $100.4B | $38.4B | ||
| Q1 24 | $102.0B | $36.5B |
负债/权益比DMPLX
| Q4 25 | 1.52× | — | ||
| Q3 25 | 1.56× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 1.46× | — | ||
| Q4 24 | 1.38× | — | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 1.35× | — | ||
| Q1 24 | 1.28× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $987.0M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | $782.0M |
| 自由现金流率自由现金流/营收 | — | 31.9% |
| 资本支出强度资本支出/营收 | — | 29.1% |
| 现金转化率经营现金流/净利润 | 1.68× | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $4.1B |
8季度趋势，按日历期对齐
经营现金流DMPLX
| Q4 25 | $987.0M | $1.5B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $641.0M | $1.7B | ||
| Q3 24 | $1.5B | $1.4B | ||
| Q2 24 | $856.0M | $1.6B | ||
| Q1 24 | $2.0B | $1.3B |
自由现金流DMPLX
| Q4 25 | — | $782.0M | ||
| Q3 25 | — | $905.0M | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $979.0M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.0B |
自由现金流率DMPLX
| Q4 25 | — | 31.9% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | — | 60.9% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 56.6% | ||
| Q3 24 | — | 48.4% | ||
| Q2 24 | — | 60.0% | ||
| Q1 24 | — | 47.7% |
资本支出强度DMPLX
| Q4 25 | — | 29.1% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 11.9% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 11.7% |
现金转化率DMPLX
| Q4 25 | 1.68× | 1.24× | ||
| Q3 25 | 1.93× | 0.92× | ||
| Q2 25 | 1.64× | 1.64× | ||
| Q1 25 | 1.83× | 1.10× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | 1.61× | 1.35× | ||
| Q2 24 | 1.50× | 1.32× | ||
| Q1 24 | 2.94× | 1.27× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
D
| Dominion Energy Virginia | $3.0B | 72% |
| Nonregulated Electricity Sales | $334.0M | 8% |
| Contracted Energy | $306.0M | 7% |
| Other | $292.0M | 7% |
| Other Nonregulated Revenues | $97.0M | 2% |
| Other Regulated Revenues | $66.0M | 2% |
| Alternative Revenue Programs | $50.0M | 1% |
| Transition Services Agreements | $25.0M | 1% |
| Regulated Gas Transportation And Storage | $10.0M | 0% |
| Related Party | $5.0M | 0% |
MPLX
| Services | $746.0M | 30% |
| Other | $675.0M | 28% |
| Products | $492.0M | 20% |
| Nonrelated Party | $186.0M | 8% |
| Related Party | $151.0M | 6% |
| Crude Oil And Products Logistics | $104.0M | 4% |
| Service Other | $56.0M | 2% |
| Natural Gas And NGL Services | $41.0M | 2% |
