v3.26.1
Net Income Per Limited Partner Unit
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income Per Limited Partner Unit Net Income Per Limited Partner Unit
Net income per unit applicable to common units is computed by dividing net income attributable to MPLX LP less income allocated to participating securities by the weighted average number of common units outstanding.
During the three and six months ended June 30, 2026 and June 30, 2025, MPLX had participating securities consisting of common units, certain equity-based compensation awards and dilutive potential common units related to certain equity-based compensation awards, and also for the six months ended June 30, 2025, Series A preferred units. Potential common units that were anti-dilutive, and therefore omitted from the diluted earnings per unit calculation for the three and six months ended June 30, 2026 and June 30, 2025, were less than one million.
Three Months Ended 
June 30,
Six Months Ended 
June 30,
(In millions, except per unit data)2026202520262025
Net income attributable to MPLX LP(1):
$1,077 $1,048 $1,989 $2,174 
Less: Distributed and undistributed earnings allocated to other participating securities— — 
Net Income available to common unitholders$1,077 $1,048 $1,988 $2,173 
Weighted average units outstanding:
Basic1,015 1,020 1,015 1,020 
Diluted1,015 1,021 1,015 1,020 
Net income attributable to MPLX LP per limited partner unit:
Basic$1.06 $1.03 $1.96 $2.13 
Diluted$1.06 $1.03 $1.96 $2.13 
(1)    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.