MPLX (MPLX Lp) Stock Financials & Earnings | Market Cap Arena

MPLX (MPLX Lp) Stock Financials & Earnings | Market Cap Arena

MPLXMPLX Lp

Mkt Cap$60B

Energy·Oil & Gas Midstream·🇺🇸 United States·NYSE

Revenue (TTM)$12.4B

Net Income (TTM)$4.9B

EPS (TTM)$4.82

Free Cash Flow (TTM)$4.4B

Gross Margin49.7%

Op. Margin46.7%

Net Margin39.6%

FCF Margin35.6%

P/S Ratio (TTM)4.8x

P/E Ratio (TTM)12.2x

YoY Rev Growth+13.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$2.5B	$1.2B	$1.2B
Q2 23	$2.5B	$1.1B	$1.2B
Q3 23	$2.7B	$1.1B	$1.2B
Q4 23	$2.7B	$1.2B	$1.4B
Q1 24	$2.6B	$1.2B	$1.3B
Q2 24	$2.7B	$1.2B	$1.4B
Q3 24	$2.8B	$1.2B	$1.3B
Q4 24	$2.8B	$1.3B	$1.3B
Q1 25	$2.9B	$1.3B	$1.4B
Q2 25	$2.8B	$1.2B	$1.3B
Q3 25	$3.6B	$2.2B	$1.8B
Q4 25	$3.1B	$1.5B	$1.3B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	5.7x	14.7x
Q2 23	5.8x	14.5x
Q3 23	5.8x	16.6x
Q4 23	5.7x	15.2x
Q1 24	5.7x	15.0x
Q2 24	5.6x	14.1x
Q3 24	5.6x	13.8x
Q4 24	5.5x	13.9x
Q1 25	5.3x	13.5x
Q2 25	5.3x	13.9x
Q3 25	4.9x	12.4x
Q4 25	4.8x	12.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$1.2B	$1.1B
Q2 23	$1.4B	$1.2B
Q3 23	$1.2B	$1.0B
Q4 23	$1.5B	$1.2B
Q1 24	$1.3B	$1.0B
Q2 24	$1.6B	$1.4B
Q3 24	$1.4B	$1.1B
Q4 24	$1.7B	$1.4B
Q1 25	$1.2B	$979M
Q2 25	$1.7B	$1.4B
Q3 25	$1.4B	$2.0B
Q4 25	$1.5B	$0

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$169M
Q2 23	$263M
Q3 23	$230M
Q4 23	$275M
Q1 24	$255M
Q2 24	$213M
Q3 24	$280M
Q4 24	$308M
Q1 25	$267M
Q2 25	$301M
Q3 25	$568M
Q4 25	$1.5B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+1.9%	-6.1%
Q2 23	-10.7%	-21.3%
Q3 23	-1.1%	+45.9%
Q4 23	+7.0%	-9.8%
Q1 24	+2.2%	+0.0%
Q2 24	+7.5%	-4.2%
Q3 24	+2.3%	-3.8%
Q4 24	+6.2%	+15.2%
Q1 25	+10.9%	+12.4%
Q2 25	+3.9%	+18.2%
Q3 25	+30.4%	+21.1%
Q4 25	+9.0%	+18.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$89M
Q2 23	$89M
Q3 23	$102M
Q4 23	$99M
Q1 24	$109M
Q2 24	$107M
Q3 24	$107M
Q4 24	$104M
Q1 25	$112M
Q2 25	$107M
Q3 25	$126M
Q4 25	$101M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$393M	$0	$393M
Q2 23	$755M	$0	$755M
Q3 23	$960M	$0	$960M
Q4 23	$1.0B	$0	$1.0B
Q1 24	$385M	$0	$385M
Q2 24	$2.5B	$0	$2.5B
Q3 24	$2.4B	$0	$2.4B
Q4 24	$1.5B	$0	$1.5B
Q1 25	$2.5B	$0	$2.5B
Q2 25	$1.4B	$0	$1.4B
Q3 25	$1.8B	$1.0B	$2.8B
Q4 25	$2.1B	$0	$2.1B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	1.00B	-0.2%
Q2 23	1.00B	+0.0%
Q3 23	1.00B	+0.0%
Q4 23	1.00B	+0.2%
Q1 24	1.01B	+0.5%
Q2 24	1.02B	+1.2%
Q3 24	1.02B	+0.0%
Q4 24	1.02B	-0.1%
Q1 25	1.02B	+0.1%
Q2 25	1.02B	+0.0%
Q3 25	1.02B	-0.1%
Q4 25	1.02B	-0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$1M	700
FY 15	$470K	2K
FY 16	$1M	3K
FY 17	$858K	4K
FY 18	$1M	5K
FY 19	$1M	6K
FY 20	$452K	19K
FY 21	$2M	6K
FY 22	$2M	6K
FY 23	$2M	6K
FY 24	$2M	6K
FY 25	$2M	6K