v3.26.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues and other income:    
Sales-type lease revenue $ 48 $ 37
Sales-type lease revenue - related parties 102 115
Income from equity method investments 182 186
Total revenues and other income 3,038 3,124
Costs and expenses:    
Cost of revenues (excludes items below) 402 389
Purchased product costs 498 459
Purchases - related parties 394 416
Depreciation and amortization [1] 358 326
General and administrative expenses 114 112
Other taxes 36 33
Total costs and expenses 1,824 1,758
Income from operations 1,214 1,366
Net interest and other financial costs 291 229
Income before income taxes 923 1,137
Provision for income taxes 1 1
Net income 922 1,136
Less: Net income attributable to noncontrolling interests 10 10
Net income attributable to MPLX LP [2] $ 912 $ 1,126
Net income attributable to MPLX LP per limited partner unit:    
Common - basic $ 0.90 $ 1.10
Common - diluted $ 0.90 $ 1.10
Weighted average limited partner units outstanding:    
Common - basic 1,015 1,020
Common - diluted 1,015 1,020
Nonrelated Party [Member]    
Revenues and other income:    
Rental income $ 65 $ 64
Other Income 7 10
Costs and expenses:    
Rental cost of sales 18 19
Related Party [Member]    
Revenues and other income:    
Rental income 242 211
Other Income 43 41
Costs and expenses:    
Rental cost of sales 4 4
Service [Member]    
Revenues and other income:    
Revenue from Contract with Customer, Excluding Assessed Tax - Third parties 711 707
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties 1,090 1,066
Service, Other [Member]    
Revenues and other income:    
Revenue from Contract with Customer, Excluding Assessed Tax - Third parties 4 99
Product [Member]    
Revenues and other income:    
Revenue from Contract with Customer, Excluding Assessed Tax - Third parties 476 513
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties $ 68 $ 75
[1] Depreciation and amortization attributable to Crude Oil and Products Logistics was $143 million and $133 million for the three months ended March 31, 2026 and March 31, 2025, respectively. Depreciation and amortization attributable to Natural Gas and NGL Services was $215 million and $193 million for the three months ended March 31, 2026 and March 31, 2025, respectively.
[2] Allocation of net income attributable to MPLX LP assumes all earnings for the period have been distributed based on the distribution priorities applicable to the period.