MPLX Lp

MPLX

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

10,904

Cost of Revenue

6,087

Gross Profit

4,817

Gross Margin

44.2%

Operating Income

5,288

Operating Margin

48.5%

Net Income

4,317

Net Margin

39.6%

EPS (Basic)

$4.21

EPS (Diluted)

$4.21

EBITDA

6,594

EBITDA Margin

60.5%

2023

12/31/2023

Revenue

10,434

Cost of Revenue

5,871

Gross Profit

4,563

Gross Margin

43.7%

Operating Income

4,900

Operating Margin

47.0%

Net Income

3,928

Net Margin

37.6%

EPS (Basic)

$3.83

EPS (Diluted)

$3.82

EBITDA

6,087

EBITDA Margin

58.3%

2022

12/31/2022

Revenue

10,541

Cost of Revenue

6,252

Gross Profit

4,289

Gross Margin

40.7%

Operating Income

4,911

Operating Margin

46.6%

Net Income

3,944

Net Margin

37.4%

EPS (Basic)

$3.75

EPS (Diluted)

$3.75

EBITDA

6,064

EBITDA Margin

57.5%

2021

12/31/2021

Revenue

9,575

Cost of Revenue

5,520

Gross Profit

4,055

Gross Margin

42.3%

Operating Income

3,992

Operating Margin

41.7%

Net Income

3,077

Net Margin

32.1%

EPS (Basic)

$2.86

EPS (Diluted)

$2.86

EBITDA

5,193

EBITDA Margin

54.2%

2020

12/31/2020

Revenue

8,398

Cost of Revenue

4,653

Gross Profit

3,745

Gross Margin

44.6%

Operating Income

211

Operating Margin

2.5%

Net Income

-720

Net Margin

-8.6%

EPS (Basic)

$-0.80

EPS (Diluted)

$-0.80

EBITDA

1,526

EBITDA Margin

18.2%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	10,904	10,434	10,541	9,575	8,398
Cost of Revenue	6,087	5,871	6,252	5,520	4,653
Gross Profit	4,817	4,563	4,289	4,055	3,745
Gross Margin	44.2%	43.7%	40.7%	42.3%	44.6%
Operating Income	5,288	4,900	4,911	3,992	211
Operating Margin	48.5%	47.0%	46.6%	41.7%	2.5%
Net Income	4,317	3,928	3,944	3,077	-720
Net Margin	39.6%	37.6%	37.4%	32.1%	-8.6%
EPS (Basic)	$4.21	$3.83	$3.75	$2.86	$-0.80
EPS (Diluted)	$4.21	$3.82	$3.75	$2.86	$-0.80
EBITDA	6,594	6,087	6,064	5,193	1,526
EBITDA Margin	60.5%	58.3%	57.5%	54.2%	18.2%