MPLX on NYSE

MPLX

Pipe lines, listed on NYSE (MPLX).1

$58.19 up 1.07 (1.87%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 18, 2026.

Overview

Compare with HF Sinclair, PLAINS ALL AMERICAN PIPELINE LP or Plains GP Holdings, or pick any stock.

  • TickerMPLX on NYSE1
  • IndustryPipe Lines (No Natural Gas)1
  • Business address200 E. Hardin Street, Findlay, Oh 458404
  • Filer categoryLarge accelerated filer4

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

61.1%Operating margin5
50.9%Net margin5
5.8%Revenue growth, 20255
$4.1BFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Natural Gas and NGL Services brought in 50% of the revenue MPLX broke down this way in fiscal 2025.

  1. Natural Gas and NGL Services$4.9B550%up 6% from 2024
  2. Crude Oil and Products Logistics$4.8B550%up 6% from 2024
Business segments by year
Business segments202320242025
Natural Gas and NGL Services$4.4B$4.6B$4.9B
Crude Oil and Products Logistics$4.4B$4.6B$4.8B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs49¢$4.8B
  • Profit51¢$5.0B

Out of $9.7B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending31¢$1.8B
  • Share buybacks7¢$400.0M
  • Kept or used elsewhere63¢$3.7B

Out of $5.9B of cash from operations.5

Financial statements

Revenue6785$9.7B in 2025+38% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $7.0B$7.0B20192020: $6.9B$6.9B2020−2%2021: $8.0B$8.0B2021+16%2022: $8.9B$8.9B2022+11%2023: $8.7B$8.7B2023−2%2024: $9.2B$9.2B2024+5%2025: $9.7B$9.7B2025+6%
Operating income9785$5.9B in 2025+2717% since 2020
0$2.0B$4.0B$6.0B2020: $211.0M$211.0M20202021: $4.0B$4.0B2021+1792%2022: $4.9B$4.9B2022+23%2023: $4.9B$4.9B2023−0%2024: $5.3B$5.3B2024+8%2025: $5.9B$5.9B2025+12%
Net income10975$5.0B in 2025+379% since 2019
-$2.0B0$2.0B$4.0B$6.0B2019: $1.0B$1.0B20192020: -$720.0M-$720.0M20202021: $3.1B$3.1B20212022: $3.9B$3.9B2022+28%2023: $3.9B$3.9B2023−0%2024: $4.4B$4.4B2024+11%2025: $5.0B$5.0B2025+14%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Sales-type lease revenue$151.0M$136.0M$136.0M
Sales-type lease revenue, related parties$448.0M$475.0M$500.0M
Income from equity method investments$697.0M$802.0M$600.0M
Total revenues and other income$13.0B$11.9B$11.3B
Purchases - related parties$1.6B$1.6B$1.5B
Depreciation and amortization$1.4B$1.3B$1.2B
General and administrative expenses$446.0M$427.0M$379.0M
Other taxes$137.0M$131.0M$131.0M
Total costs and expenses$7.1B$6.6B$6.4B
Income from operations$5.9B$5.3B$4.9B
Net interest and other financial costs$983.0M$921.0M$923.0M
Income before income taxes$5.0B$4.4B$4.0B
Other Tax Expense (Benefit)$8.0M$10.0M$11.0M
Net income$5.0B$4.4B$4.0B
Less: Net income attributable to noncontrolling interests$40.0M$40.0M$38.0M
Limited partners interest in net income attributable to MPLX LP$4.9B$4.3B$3.8B
Common - basic$5$4$4
Common - diluted$5$4$4
Common - basic1.0B shares1.0B shares1.0B shares
Common - diluted1.0B shares1.0B shares1.0B shares
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent$4.9B$4.3B$3.9B
Equity Interest in Acquiree, Remeasurement Gain$484.0M$20.0M$92.0M

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Leadership

Who has led MPLX, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Gary R. Heminger2012–2019
  2. Mike Hennigan2020–2024
  3. Maryann T. Seaman2025–now

Chair

  1. Gary R. Heminger2018–2019
  2. Mike Hennigan2024–2026
  3. Maryann T. Seaman2026–now

President

  1. Garry L. Peiffer2012–2014
  2. Donald C. Templin2016–2017
  3. Mike Hennigan2017–2024
  4. Maryann T. Seaman2025–now

Chief financial officer

  1. Donald C. Templin2012–2015
  2. Timothy T. Griffith2015
  3. Nancy Buese2015–2016
  4. John J. Quaid2021–2023

Chief operating officer

  1. George P. Shaffner2012–2015
  2. John S. Swearingen2015
  3. John C. Mollenkopf2015
  4. Gregory Scott Floerke2016–now
201520202025
Board members and other officers (42)

Timeline

  1. Mar 4, 2025New chief executive Maryann T. Seaman becomes CEO14
  2. Mar 4, 2020New chief executive Mike Hennigan becomes CEO15
  3. Oct 24, 2012New chief executive Gary R. Heminger becomes CEO16

Filings

420 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 321 insider forms, 5 large holders, 27 other. The latest 20:

  1. Aug 24, 20268-K EDGAR
  2. Aug 18, 20264 EDGAR
  3. Aug 18, 20264 EDGAR
  4. Aug 18, 20264 EDGAR
  5. Aug 18, 20264 EDGAR
  6. Aug 18, 20264 EDGAR
  7. Aug 18, 20264 EDGAR
  8. Aug 18, 20264 EDGAR
  9. Aug 11, 2026424B5 EDGAR
  10. Aug 10, 2026FWP EDGAR
  11. Aug 10, 2026424B5 EDGAR
  12. Aug 5, 20264/A EDGAR
  13. Aug 5, 20264/A EDGAR
  14. Aug 5, 20264/A EDGAR
  15. Aug 5, 20264/A EDGAR
  16. Aug 5, 20264/A EDGAR
  17. Aug 5, 20264/A EDGAR
  18. Aug 5, 20264/A EDGAR
  19. Aug 4, 202610-Q EDGAR
  20. Aug 4, 20268-K EDGAR

The 420 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 5 such filings since October 2021:

  1. May 10, 2024SC 13D/A
  2. Feb 9, 2024SC 13G/A
  3. Feb 9, 2023SC 13G/A
  4. Oct 4, 2022SC 13D/A
  5. Feb 11, 2022SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Alps Advisors Inc28,601,592$1.6B7.6%+1,530,630
Invesco Ltd.18,273,448$1.0B0.1%+6,842
Blackstone Inc.12,956,943$729.9M2.4%−2,393,740
Goldman Sachs Group Inc11,329,340$638.2M0.1%−1,178,199
Tortoise Capital Advisors, L.l.c.10,500,469$591.5M6.0%−2,760,115
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.8,011,582$451.3M0.5%+692,332
Kayne Anderson Capital Advisors LP5,862,925$330.3M6.5%−963,642
Energy Income Partners, LLC5,380,295$303.1M4.8%+222,817
Morgan Stanley5,275,829$297.2M0.0%+311,630
UBS Group AG5,259,274$296.3M0.0%+25,762
Fmr LLC3,920,887$220.9M0.0%+560,024
Jpmorgan Chase & Co3,428,352$192.7M0.0%−705,314
Brave Warrior Advisors, LLC3,180,534$179.2M3.9%−72,990
CIBC Bancorp USA Inc.2,988,109$168.3M0.2%+346,005
Bank Of Montreal /can/2,549,532$143.6M0.1%−1,477,895
Clearbridge Investments, LLC2,343,689$132.0M0.1%No change
Miller Howard Investments Inc /ny2,325,809$131.0M3.5%+86,115
Westwood Holdings Group Inc2,113,845$119.1M0.9%−123,011
Bank Of America Corp /de/2,070,457$116.6M0.0%−502,819
Eagle Global Advisors LLC1,793,816$101.0M3.3%−11,530
Fractal Investments LLC1,668,116$94.0M10.8%−383,185
Royal Bank Of Canada1,635,550$92.1M0.0%+483,645
Duff & Phelps Investment Management Co1,618,467$91.2M0.9%−50,000
AlphaCore Capital LLC1,615,591$91.0M1.7%+77
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT1,614,600$91.0M4.1%−244,500

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Apr 15, 2020David A Perdue , Jr, SenateSale$15,001 - $50,000−161.9%Report
Feb 19, 2020David A Perdue , Jr, SenatePartial sale$1,001 - $15,000−12.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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