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    MPLX

    MPLX LP

    Company overview

    Market capitalization
    —
    Employees
    0
    Latest publication
    2026-09-29
    About MPLX LP

    MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Crude Oil and Products Logistics; and Natural Gas and NGL Services. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate. It also engages in inland marine businesses, comprising fleet of boats and barges transport light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, it operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through the pipeline, rail, marine, and truck transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.

    Company website

    Financial statements

    Income YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Total Revenue6,350,000,000USD
    Cost Of Revenue807,000,000USD
    General And Administrative Expenses222,000,000USD
    Other Operating Expenses2,006,000,000USD
    Total Operating Expenses3,758,000,000USD
    Operating Income2,592,000,000USD
    Total Other Income Expense Net-580,000,000USD
    Interest Income30,000,000USD
    Interest Expense636,000,000USD
    Depreciation And Amortization723,000,000USD
    Income Before Tax2,012,000,000USD
    Income Tax Expense3,000,000USD
    Equity Method Income Loss362,000,000USD
    Net Income2,009,000,000USD
    Minority Interest20,000,000USD
    Net Income Applicable To Common Shares1,988,000,000USD
    SourceDisclosureDeterministicFinal

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Revenue3,312,000,000USD3,097,000,000USD3,619,000,000USD2,788,000,000USD2,887,000,000USD2,840,000,000USD2,776,000,000USD2,684,000,000USD
    Cost Of Revenue405,000,000USD1,632,000,000USD1,418,000,000USD1,571,000,000USD1,613,000,000USD1,584,000,000USD1,558,000,000USD1,493,000,000USD
    General And Administrative Expenses108,000,000USD———————
    Other Operating Expenses1,056,000,000USD———————
    Total Operating Expenses1,934,000,000USD137,000,000USD400,000,000USD-76,000,000USD-92,000,000USD-87,000,000USD-57,000,000USD-228,000,000USD
    Operating Income1,378,000,000USD1,328,000,000USD1,801,000,000USD1,293,000,000USD1,366,000,000USD1,343,000,000USD1,275,000,000USD1,419,000,000USD
    Total Other Income Expense Net-289,000,000USD-122,000,000USD-243,000,000USD-234,000,000USD-229,000,000USD-229,000,000USD-226,000,000USD-231,000,000USD
    Interest Income11,000,000USD18,000,000USD16,000,000USD16,000,000USD18,000,000USD27,000,000USD35,000,000USD18,000,000USD
    Interest Expense322,000,000USD277,000,000USD259,000,000USD250,000,000USD235,000,000USD241,000,000USD246,000,000USD231,000,000USD
    Depreciation And Amortization365,000,000USD355,000,000USD346,000,000USD324,000,000USD326,000,000USD324,000,000USD322,000,000USD320,000,000USD
    Income Before Tax1,089,000,000USD1,206,000,000USD1,558,000,000USD1,059,000,000USD1,137,000,000USD1,114,000,000USD1,049,000,000USD1,188,000,000USD
    Income Tax Expense2,000,000USD3,000,000USD3,000,000USD1,000,000USD1,000,000USD5,000,000USD2,000,000USD2,000,000USD
    Equity Method Income Loss180,000,000USD———————
    Net Income1,087,000,000USD1,193,000,000USD1,545,000,000USD1,048,000,000USD1,126,000,000USD1,099,000,000USD1,037,000,000USD1,176,000,000USD
    Minority Interest10,000,000USD-10,000,000USD-10,000,000USD-10,000,000USD-10,000,000USD-10,000,000USD-10,000,000USD-10,000,000USD
    Net Income Applicable To Common Shares1,077,000,000USD———————
    Gross Profit—1,465,000,000USD2,201,000,000USD1,217,000,000USD1,274,000,000USD1,256,000,000USD1,218,000,000USD1,191,000,000USD
    Selling General Administrative—101,000,000USD126,000,000USD107,000,000USD112,000,000USD104,000,000USD107,000,000USD107,000,000USD
    Unclassified Operating Expenses—36,000,000USD274,000,000USD-183,000,000USD-204,000,000USD-191,000,000USD-164,000,000USD-335,000,000USD
    Net Interest Income—-277,000,000USD-243,000,000USD-234,000,000USD-229,000,000USD-229,000,000USD-226,000,000USD-231,000,000USD
    Tax Provision—3,000,000USD3,000,000USD1,000,000USD1,000,000USD5,000,000USD2,000,000USD2,000,000USD
    Net Income From Continuing Ops—1,203,000,000USD1,555,000,000USD1,058,000,000USD1,136,000,000USD1,109,000,000USD1,047,000,000USD1,186,000,000USD
    Ebit—1,483,000,000USD1,817,000,000USD1,298,000,000USD1,372,000,000USD1,355,000,000USD1,295,000,000USD1,421,000,000USD
    Ebitda—1,838,000,000USD2,163,000,000USD1,622,000,000USD1,698,000,000USD1,679,000,000USD1,617,000,000USD1,741,000,000USD
    Reconciled Depreciation—355,000,000USD346,000,000USD324,000,000USD326,000,000USD324,000,000USD322,000,000USD320,000,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20182018-12-31 · USDFY 20112011-12-31 · USDFY 20102010-12-31 · USD
    Total Revenue11,817,000,000USD10,904,000,000USD10,434,000,000USD10,541,000,000USD6,079,000,000USD396,900,000USD395,900,000USD
    Cost Of Revenue6,472,000,000USD6,087,000,000USD5,871,000,000USD6,252,000,000USD3,559,000,000USD228,200,000USD259,700,000USD
    Gross Profit5,345,000,000USD4,817,000,000USD4,563,000,000USD4,289,000,000USD2,520,000,000USD168,700,000USD136,200,000USD
    Selling General Administrative446,000,000USD427,000,000USD379,000,000USD335,000,000USD291,000,000USD34,300,000USD30,300,000USD
    Unclassified Operating Expenses137,000,000USD-898,000,000USD-716,000,000USD-957,000,000USD-34,000,000USD2,400,000USD2,500,000USD
    Total Operating Expenses583,000,000USD-471,000,000USD-337,000,000USD-622,000,000USD257,000,000USD36,700,000USD32,800,000USD
    Operating Income4,762,000,000USD5,288,000,000USD4,900,000,000USD4,911,000,000USD2,503,000,000USD132,000,000USD103,400,000USD
    Interest Income68,000,000USD95,000,000USD43,000,000USD4,000,000USD595,000,000USD——
    Interest Expense983,000,000USD921,000,000USD923,000,000USD925,000,000USD661,000,000USD200,000USD0USD
    Net Interest Income-983,000,000USD-921,000,000USD-935,000,000USD-925,000,000USD-661,000,000USD——
    Income Before Tax4,960,000,000USD4,367,000,000USD3,977,000,000USD3,986,000,000USD1,842,000,000USD134,100,000USD103,600,000USD
    Income Tax Expense8,000,000USD10,000,000USD11,000,000USD8,000,000USD8,000,000USD100,000USD300,000USD
    Tax Provision8,000,000USD10,000,000USD4,000,000USD8,000,000USD8,000,000USD——
    Net Income4,912,000,000USD4,317,000,000USD3,928,000,000USD3,944,000,000USD1,818,000,000USD134,000,000USD103,300,000USD
    Net Income From Continuing Ops4,952,000,000USD4,357,000,000USD3,646,000,000USD3,978,000,000USD1,834,000,000USD——
    Ebit5,943,000,000USD5,311,000,000USD4,874,000,000USD4,834,000,000USD2,503,000,000USD134,300,000USD103,600,000USD
    Ebitda7,294,000,000USD6,594,000,000USD6,087,000,000USD6,064,000,000USD3,269,000,000USD170,600,000USD156,200,000USD
    Depreciation And Amortization1,351,000,000USD1,283,000,000USD1,213,000,000USD1,230,000,000USD766,000,000USD36,300,000USD52,600,000USD
    Reconciled Depreciation1,351,000,000USD1,283,000,000USD1,212,000,000USD1,230,000,000USD766,000,000USD——
    Total Other Income Expense Net198,000,000USD-921,000,000USD-923,000,000USD-925,000,000USD240,000,000USD2,100,000USD200,000USD
    Minority Interest-40,000,000USD-40,000,000USD-36,000,000USD-34,000,000USD16,000,000USD——
    Net Income Applicable To Common Shares———3,815,000,000USD1,893,000,000USD134,000,000USD103,300,000USD
    Research Development————0USD——
    Non Operating Income Net Other————-122,000,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets42,969,000,000USD42,933,000,000USD43,005,000,000USD43,227,000,000USD37,841,000,000USD38,972,000,000USD37,511,000,000USD38,515,000,000USD
    Cash And Equivalents1,031,000,000USD———————
    Long Term Investments5,149,000,000USD4,981,000,000USD4,798,000,000USD4,792,000,000USD5,024,000,000USD4,751,000,000USD4,531,000,000USD4,558,000,000USD
    Total Current Assets2,876,000,000USD3,522,000,000USD3,994,000,000USD4,595,000,000USD3,173,000,000USD4,521,000,000USD3,276,000,000USD4,218,000,000USD
    Other Current Assets41,000,000USD65,000,000USD42,000,000USD53,000,000USD40,000,000USD51,000,000USD33,000,000USD49,000,000USD
    Other Non Current Assets1,190,000,000USD———————
    Total Liabilities28,717,000,000USD———————
    Total Current Liabilities3,224,000,000USD3,192,000,000USD3,249,000,000USD3,502,000,000USD3,069,000,000USD4,169,000,000USD3,235,000,000USD4,267,000,000USD
    Other Current Liabilities163,000,000USD———————
    Other Non Current Liabilities368,000,000USD———————
    Total Stockholder Equity14,027,000,000USD14,071,000,000USD14,301,000,000USD14,296,000,000USD13,820,000,000USD13,838,000,000USD13,779,000,000USD13,750,000,000USD
    Total Equity Including Noncontrolling Interest14,252,000,000USD———————
    Short Long Term Debt25,640,000,000USD1,251,000,000USD1,500,000,000USD1,501,000,000USD1,500,000,000USD2,989,000,000USD1,692,000,000USD3,100,000,000USD
    Long Term Debt24,389,000,000USD24,383,000,000USD24,147,000,000USD24,145,000,000USD19,725,000,000USD19,721,000,000USD19,250,000,000USD19,250,000,000USD
    Deferred Revenue Non Current110,000,000USD———————
    Net Receivables672,000,000USD1,773,000,000USD1,643,000,000USD1,568,000,000USD1,555,000,000USD1,750,000,000USD1,544,000,000USD1,572,000,000USD
    Inventory200,000,000USD178,000,000USD172,000,000USD175,000,000USD192,000,000USD186,000,000USD180,000,000USD171,000,000USD
    Property Plant Equipment Net22,645,000,000USD22,499,000,000USD22,213,000,000USD21,624,000,000USD19,689,000,000USD19,657,000,000USD19,653,000,000USD19,650,000,000USD
    Goodwill8,736,000,000USD———————
    Intangible Assets1,320,000,000USD1,359,000,000USD1,397,000,000USD1,443,000,000USD497,000,000USD529,000,000USD518,000,000USD551,000,000USD
    Accounts Payable155,000,000USD126,000,000USD108,000,000USD131,000,000USD149,000,000USD145,000,000USD147,000,000USD120,000,000USD
    Short Term Debt1,251,000,000USD1,306,000,000USD1,557,000,000USD1,502,000,000USD1,596,000,000USD2,745,000,000USD1,740,000,000USD2,886,000,000USD
    Accumulated Other Comprehensive Income5,000,000USD5,000,000USD5,000,000USD5,000,000USD5,000,000USD5,000,000USD-3,000,000USD-3,000,000USD
    Total Liab—28,636,000,000USD28,477,000,000USD28,703,000,000USD23,792,000,000USD24,904,000,000USD23,501,000,000USD24,533,000,000USD
    Other Current Liab—1,664,000,000USD1,477,000,000USD1,751,000,000USD1,211,000,000USD1,170,000,000USD1,242,000,000USD1,172,000,000USD
    Common Stock—14,066,000,000USD14,296,000,000USD14,291,000,000USD13,815,000,000USD13,833,000,000USD13,579,000,000USD13,550,000,000USD
    Good Will—8,736,000,000USD8,755,000,000USD8,732,000,000USD7,645,000,000USD7,645,000,000USD7,645,000,000USD7,645,000,000USD
    Cash—1,506,000,000USD2,137,000,000USD1,765,000,000USD1,386,000,000USD2,534,000,000USD1,519,000,000USD2,426,000,000USD
    Cash And Short Term Investments—1,506,000,000USD2,137,000,000USD2,799,000,000USD1,386,000,000USD2,534,000,000USD1,519,000,000USD2,426,000,000USD
    Current Deferred Revenue—96,000,000USD107,000,000USD118,000,000USD113,000,000USD109,000,000USD106,000,000USD89,000,000USD
    Net Debt—24,628,000,000USD24,025,000,000USD24,324,000,000USD20,327,000,000USD20,381,000,000USD19,917,000,000USD20,152,000,000USD
    Short Long Term Debt Total—26,134,000,000USD26,162,000,000USD26,089,000,000USD21,713,000,000USD22,915,000,000USD21,436,000,000USD22,578,000,000USD
    Property Plant Equipment Gross—32,859,000,000USD32,274,000,000USD31,619,000,000USD29,498,000,000USD29,183,000,000USD28,903,000,000USD28,621,000,000USD
    Common Stock Shares Outstanding—1,017,000,000shares1,017,000,000shares1,019,000,000shares1,020,000,000shares1,020,000,000shares1,019,000,000shares1,020,000,000shares
    Non Current Assets Total—39,411,000,000USD39,011,000,000USD38,632,000,000USD34,668,000,000USD34,451,000,000USD34,235,000,000USD34,297,000,000USD
    Non Current Liabilities Total—25,444,000,000USD25,228,000,000USD25,201,000,000USD20,723,000,000USD20,735,000,000USD20,266,000,000USD20,266,000,000USD
    Non Current Liabilities Other—338,000,000USD352,000,000USD356,000,000USD124,000,000USD128,000,000USD125,000,000USD137,000,000USD
    Non Currrent Assets Other—1,451,000,000USD1,388,000,000USD2,041,000,000USD1,232,000,000USD1,206,000,000USD1,183,000,000USD1,156,000,000USD
    Net Working Capital—330,000,000USD745,000,000USD1,093,000,000USD104,000,000USD352,000,000USD41,000,000USD-49,000,000USD
    Unclassified Current Liabilities—-1,251,000,000USD-1,500,000,000USD-1,501,000,000USD-1,500,000,000USD-2,989,000,000USD-1,692,000,000USD-3,100,000,000USD
    Unclassified Non Current Liabilities—723,000,000USD729,000,000USD700,000,000USD874,000,000USD886,000,000USD891,000,000USD879,000,000USD
    Other Assets——40,868,000,000USD—36,455,000,000USD—1,757,000,000USD—
    Unclassified Non Current Assets——-40,408,000,000USD—-35,874,000,000USD663,000,000USD-1,052,000,000USD737,000,000USD
    Short Term Investments———1,034,000,000USD————
    Unclassified Equity——————203,000,000USD13,956,000,000USD
    Retained Earnings———————-13,753,000,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets43,005,000,000USD37,511,000,000USD36,529,000,000USD35,665,000,000USD35,507,000,000USD36,414,000,000USD40,430,000,000USD22,779,000,000USD
    Intangible Assets1,397,000,000USD518,000,000USD654,000,000USD705,000,000USD831,000,000USD959,000,000USD1,270,000,000USD424,000,000USD
    Other Current Assets42,000,000USD33,000,000USD39,000,000USD40,000,000USD36,000,000USD218,000,000USD80,000,000USD46,000,000USD
    Total Liab28,477,000,000USD23,501,000,000USD22,945,000,000USD22,151,000,000USD22,490,000,000USD22,429,000,000USD22,849,000,000USD15,915,000,000USD
    Total Stockholder Equity14,301,000,000USD13,779,000,000USD13,349,000,000USD13,480,000,000USD12,776,000,000USD13,740,000,000USD17,332,000,000USD6,864,000,000USD
    Other Current Liab1,477,000,000USD1,242,000,000USD1,209,000,000USD1,061,000,000USD2,538,000,000USD792,000,000USD844,000,000USD83,000,000USD
    Common Stock14,296,000,000USD13,579,000,000USD12,458,000,000USD11,706,000,000USD11,217,000,000USD12,176,000,000USD15,768,000,000USD6,724,000,000USD
    Good Will8,755,000,000USD7,645,000,000USD7,645,000,000USD7,645,000,000USD7,657,000,000USD7,657,000,000USD9,536,000,000USD2,586,000,000USD
    Other Assets40,868,000,000USD—36,529,000,000USD35,665,000,000USD35,507,000,000USD489,000,000USD123,000,000USD84,000,000USD
    Cash2,137,000,000USD1,519,000,000USD1,048,000,000USD238,000,000USD13,000,000USD15,000,000USD15,000,000USD68,000,000USD
    Cash And Short Term Investments2,137,000,000USD1,519,000,000USD1,048,000,000USD238,000,000USD13,000,000USD15,000,000USD15,000,000USD68,000,000USD
    Total Current Assets3,994,000,000USD3,276,000,000USD2,808,000,000USD1,905,000,000USD1,507,000,000USD1,515,000,000USD1,484,000,000USD897,000,000USD
    Total Current Liabilities3,249,000,000USD3,235,000,000USD2,624,000,000USD2,401,000,000USD3,348,000,000USD2,086,000,000USD2,132,000,000USD1,186,000,000USD
    Current Deferred Revenue107,000,000USD106,000,000USD81,000,000USD80,000,000USD77,000,000USD97,000,000USD59,000,000USD51,000,000USD
    Net Debt24,025,000,000USD19,917,000,000USD19,866,000,000USD20,064,000,000USD19,053,000,000USD20,663,000,000USD20,297,000,000USD13,324,000,000USD
    Short Term Debt1,557,000,000USD1,740,000,000USD1,181,000,000USD1,036,000,000USD561,000,000USD830,000,000USD76,000,000USD890,000,000USD
    Short Long Term Debt1,500,000,000USD1,692,000,000USD1,135,000,000USD988,000,000USD499,000,000USD764,000,000USD—513,000,000USD
    Short Long Term Debt Total26,162,000,000USD21,436,000,000USD20,914,000,000USD20,302,000,000USD19,066,000,000USD20,678,000,000USD20,312,000,000USD14,282,000,000USD
    Long Term Debt24,147,000,000USD19,250,000,000USD19,296,000,000USD18,808,000,000USD18,072,000,000USD19,375,000,000USD19,704,000,000USD13,392,000,000USD
    Long Term Investments4,798,000,000USD4,531,000,000USD3,743,000,000USD5,320,000,000USD5,142,000,000USD4,036,000,000USD5,275,000,000USD4,198,000,000USD
    Net Receivables1,643,000,000USD1,544,000,000USD1,562,000,000USD1,479,000,000USD1,316,000,000USD1,164,000,000USD1,279,000,000USD706,000,000USD
    Inventory172,000,000USD180,000,000USD159,000,000USD148,000,000USD142,000,000USD118,000,000USD110,000,000USD77,000,000USD
    Accounts Payable108,000,000USD147,000,000USD153,000,000USD224,000,000USD172,000,000USD367,000,000USD1,153,000,000USD162,000,000USD
    Property Plant Equipment Net22,213,000,000USD19,653,000,000USD19,755,000,000USD19,359,000,000USD20,539,000,000USD21,758,000,000USD22,742,000,000USD14,639,000,000USD
    Property Plant Equipment Gross32,274,000,000USD28,903,000,000USD27,876,000,000USD26,422,000,000USD27,043,000,000USD21,758,000,000USD27,464,000,000USD—
    Accumulated Other Comprehensive Income5,000,000USD-3,000,000USD-4,000,000USD-8,000,000USD-17,000,000USD-15,000,000USD-15,000,000USD-16,000,000USD
    Common Stock Shares Outstanding1,019,000,000shares1,017,000,000shares1,002,000,000shares1,010,000,000shares1,027,000,000shares1,051,000,000shares907,000,000shares761,000,000shares
    Non Current Assets Total39,011,000,000USD34,235,000,000USD33,721,000,000USD33,760,000,000USD34,000,000,000USD34,899,000,000USD38,946,000,000USD21,882,000,000USD
    Non Current Liabilities Total25,228,000,000USD20,266,000,000USD20,321,000,000USD19,750,000,000USD19,142,000,000USD20,343,000,000USD20,717,000,000USD14,729,000,000USD
    Non Current Liabilities Other352,000,000USD125,000,000USD126,000,000USD142,000,000USD170,000,000USD527,000,000USD592,000,000USD—
    Non Currrent Assets Other1,388,000,000USD1,183,000,000USD1,116,000,000USD1,046,000,000USD60,000,000USD48,000,000USD52,000,000USD46,000,000USD
    Net Working Capital745,000,000USD41,000,000USD184,000,000USD-496,000,000USD-1,841,000,000USD-571,000,000USD-648,000,000USD-289,000,000USD
    Unclassified Non Current Assets-40,408,000,000USD705,000,000USD-35,721,000,000USD-35,980,000,000USD-35,736,000,000USD———
    Unclassified Current Liabilities-1,500,000,000USD-1,692,000,000USD-1,135,000,000USD-988,000,000USD-499,000,000USD-764,000,000USD—-513,000,000USD
    Unclassified Non Current Liabilities729,000,000USD891,000,000USD899,000,000USD——-495,000,000USD-481,000,000USD604,000,000USD
    Unclassified Equity—203,000,000USD13,353,000,000USD15,067,000,000USD14,369,000,000USD15,334,000,000USD18,926,000,000USD1,020,000,000USD
    Retained Earnings——-12,458,000,000USD-13,285,000,000USD-12,793,000,000USD-13,755,000,000USD-17,347,000,000USD-864,000,000USD
    Deferred Long Term Liab———142,000,000USD170,000,000USD441,000,000USD421,000,000USD333,000,000USD
    Other Liab———484,000,000USD637,000,000USD495,000,000USD481,000,000USD400,000,000USD
    Net Tangible Assets———5,869,000,000USD3,325,000,000USD5,369,000,000USD6,775,000,000USD4,858,000,000USD
    Short Term Investments—————4,036,000,000USD——
    Unclassified Current Assets—————-4,036,000,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Net Income2,009,000,000USD
    Depreciation723,000,000USD
    Deferred Income Tax0USD
    Unclassified Operating Cash Flow128,000,000USD
    Change To Account Receivables93,000,000USD
    Change To Inventory-28,000,000USD
    Change To Liabilities125,000,000USD
    Change In Working Capital189,000,000USD
    Operating Cash Flow3,049,000,000USD
    Capital Expenditures-1,400,000,000USD
    Net Investments-441,000,000USD
    Other Investing Activities22,000,000USD
    Unclassified Investing Cash Flow0USD
    Investing Cash Flow-1,819,000,000USD
    Net Debt Issuance-36,000,000USD
    Net Common Stock Issuance-100,000,000USD
    Common Dividends Paid-2,185,000,000USD
    Other Financing Activities-15,000,000USD
    Unclassified Financing Cash Flow0USD
    Financing Cash Flow-2,336,000,000USD
    Effect Of Forex Changes On Cash0USD
    Change In Cash-1,106,000,000USD
    End Cash Flow1,031,000,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income911,000,000USD1,203,000,000USD1,555,000,000USD1,058,000,000USD1,136,000,000USD1,099,000,000USD1,037,000,000USD1,186,000,000USD
    Depreciation358,000,000USD355,000,000USD346,000,000USD324,000,000USD326,000,000USD324,000,000USD322,000,000USD320,000,000USD
    Other Non Cash Items138,000,000USD-90,000,000USD-432,000,000USD41,000,000USD14,000,000USD72,000,000USD93,000,000USD-107,000,000USD
    Change To Account Receivables-24,000,000USD4,000,000USD12,000,000USD132,000,000USD-100,000,000USD42,000,000USD21,000,000USD22,000,000USD
    Change To Inventory-6,000,000USD-7,000,000USD-7,000,000USD-6,000,000USD-6,000,000USD-9,000,000USD-2,000,000USD-5,000,000USD
    Change In Working Capital-60,000,000USD22,000,000USD-40,000,000USD313,000,000USD-230,000,000USD186,000,000USD-37,000,000USD170,000,000USD
    Total Cash From Operating Activities1,347,000,000USD1,496,000,000USD1,431,000,000USD1,736,000,000USD1,246,000,000USD1,675,000,000USD1,415,000,000USD1,565,000,000USD
    Capital Expenditures-575,000,000USD-714,000,000USD568,000,000USD-301,000,000USD-267,000,000USD-308,000,000USD-280,000,000USD-213,000,000USD
    Free Cash Flow772,000,000USD782,000,000USD1,999,000,000USD1,435,000,000USD979,000,000USD1,367,000,000USD1,135,000,000USD1,352,000,000USD
    Investments0USD—-3,731,000,000USD-602,000,000USD-601,000,000USD-349,000,000USD-536,000,000USD-114,000,000USD
    Total Cashflows From Investing Activities-791,000,000USD78,000,000USD-3,731,000,000USD-602,000,000USD-601,000,000USD-349,000,000USD-536,000,000USD-114,000,000USD
    Net Borrowings-16,000,000USD0USD3,801,000,000USD-1,201,000,000USD1,477,000,000USD-1,150,000,000USD0USD—
    Total Cash From Financing Activities-1,187,000,000USD-1,202,000,000USD1,912,000,000USD-2,282,000,000USD370,000,000USD-2,233,000,000USD-954,000,000USD665,000,000USD
    Dividends Paid-1,093,000,000USD-1,095,000,000USD-1,954,000,000USD-976,000,000USD-978,000,000USD-980,000,000USD-873,000,000USD-874,000,000USD
    Sale Purchase Of Stock-50,000,000USD-100,000,000USD200,000,000USD-100,000,000USD-100,000,000USD-100,000,000USD-76,000,000USD-75,000,000USD
    Change In Cash-631,000,000USD372,000,000USD-388,000,000USD-1,148,000,000USD1,015,000,000USD-907,000,000USD-75,000,000USD2,116,000,000USD
    Begin Period Cash Flow2,137,000,000USD1,765,000,000USD1,386,000,000USD2,534,000,000USD1,519,000,000USD2,426,000,000USD2,501,000,000USD385,000,000USD
    End Period Cash Flow1,506,000,000USD2,137,000,000USD998,000,000USD1,386,000,000USD2,534,000,000USD1,519,000,000USD2,426,000,000USD2,501,000,000USD
    Other Cashflows From Investing Activities4,000,000USD731,000,000USD100,000,000USD8,000,000USD1,000,000USD1,000,000USD-134,000,000USD134,000,000USD
    Other Cashflows From Financing Activities-13,000,000USD-6,000,000USD-135,000,000USD-5,000,000USD-29,000,000USD-3,000,000USD-4,000,000USD-15,000,000USD
    Unclassified Investing Cash Flow-220,000,000USD61,000,000USD-668,000,000USD293,000,000USD266,000,000USD307,000,000USD414,000,000USD79,000,000USD
    Unclassified Financing Cash Flow-15,000,000USD——————1,629,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income4,952,000,000USD4,357,000,000USD3,928,000,000USD3,978,000,000USD3,112,000,000USD-687,000,000USD1,462,000,000USD1,834,000,000USD
    Depreciation1,351,000,000USD1,283,000,000USD1,213,000,000USD1,230,000,000USD1,287,000,000USD1,377,000,000USD1,254,000,000USD766,000,000USD
    Other Non Cash Items-466,000,000USD58,000,000USD123,000,000USD-313,000,000USD96,000,000USD64,000,000USD50,000,000USD97,000,000USD
    Change To Account Receivables48,000,000USD180,000,000USD14,000,000USD14,000,000USD-199,000,000USD62,000,000USD17,000,000USD-104,000,000USD
    Change To Inventory-26,000,000USD-20,000,000USD-19,000,000USD-5,000,000USD-24,000,000USD-12,000,000USD-9,000,000USD-5,000,000USD
    Change In Working Capital65,000,000USD246,000,000USD130,000,000USD121,000,000USD202,000,000USD204,000,000USD-108,000,000USD-41,000,000USD
    Total Cash From Operating Activities5,909,000,000USD5,946,000,000USD5,397,000,000USD5,019,000,000USD4,911,000,000USD4,521,000,000USD4,082,000,000USD2,826,000,000USD
    Capital Expenditures-1,808,000,000USD-1,056,000,000USD-937,000,000USD-806,000,000USD-529,000,000USD-1,183,000,000USD-2,408,000,000USD-1,919,000,000USD
    Free Cash Flow4,101,000,000USD4,890,000,000USD4,460,000,000USD4,213,000,000USD4,382,000,000USD3,338,000,000USD1,674,000,000USD907,000,000USD
    Total Cashflows From Investing Activities-4,856,000,000USD-1,995,000,000USD-1,252,000,000USD-956,000,000USD-518,000,000USD-1,262,000,000USD-3,063,000,000USD-2,686,000,000USD
    Net Borrowings4,077,000,000USD479,000,000USD588,000,000USD-302,000,000USD-196,000,000USD-223,000,000USD9,174,000,000USD5,945,000,000USD
    Total Cash From Financing Activities-435,000,000USD-3,480,000,000USD-3,335,000,000USD-3,838,000,000USD-4,395,000,000USD-3,259,000,000USD-1,089,000,000USD-73,000,000USD
    Dividends Paid-4,024,000,000USD-3,603,000,000USD-3,296,000,000USD-3,047,000,000USD-3,573,000,000USD-3,006,000,000USD-3,039,000,000USD-6,001,000,000USD
    Sale Purchase Of Stock-400,000,000USD-326,000,000USD-600,000,000USD-491,000,000USD-630,000,000USD-33,000,000USD30,000,000USD-6,000,000USD
    Change In Cash618,000,000USD471,000,000USD810,000,000USD225,000,000USD-2,000,000USD-2,000,000USD-70,000,000USD67,000,000USD
    Begin Period Cash Flow1,519,000,000USD1,048,000,000USD238,000,000USD13,000,000USD15,000,000USD15,000,000USD85,000,000USD9,000,000USD
    End Period Cash Flow2,137,000,000USD1,519,000,000USD1,048,000,000USD238,000,000USD13,000,000USD15,000,000USD15,000,000USD76,000,000USD
    Other Cashflows From Investing Activities983,000,000USD1,000,000USD29,000,000USD56,000,000USD126,000,000USD64,000,000USD34,000,000USD25,000,000USD
    Other Cashflows From Financing Activities-88,000,000USD-30,000,000USD-627,000,000USD6,341,000,000USD4,000,000USD-22,000,000USD18,593,000,000USD-22,000,000USD
    Unclassified Investing Cash Flow-4,031,000,000USD1,055,000,000USD663,000,000USD750,000,000USD403,000,000USD——-467,000,000USD
    Investments—-1,995,000,000USD-1,007,000,000USD-956,000,000USD-518,000,000USD-143,000,000USD-689,000,000USD-325,000,000USD
    Stock Based Compensation——-2,471,000,000USD—216,000,000USD3,564,000,000USD1,426,000,000USD32,000,000USD
    Unclassified Operating Cash Flow——2,474,000,000USD————138,000,000USD
    Unclassified Financing Cash Flow——600,000,000USD-6,339,000,000USD——-25,847,000,000USD11,000,000USD
    Change To Liabilities———75,000,000USD281,000,000USD148,000,000USD41,000,000USD139,000,000USD
    Cash And Cash Equivalents Changes———225,000,000USD-2,000,000USD—-70,000,000USD67,000,000USD
    Issuance Of Capital Stock———————0USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    Bakken Consolidated Gas Gathering Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly162MMcf/dDisclosure

    Bakken Consolidated Natural Gas Processed

    Period endPeriodValueUnitSource
    2026-06-30quarterly161MMcf/dDisclosure

    Bakken Operated Gas Gathering Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly162MMcf/dDisclosure

    Bakken Operated Natural Gas Processed

    Period endPeriodValueUnitSource
    2026-06-30quarterly161MMcf/dDisclosure

    Consolidated Purity Ethane Fractionated

    Period endPeriodValueUnitSource
    2026-06-30quarterly276mbpdDisclosure

    Crude Oil Pipeline Average Tariff Rate

    Period endPeriodValueUnitSource
    2026-06-30quarterly1.06USD/barrelDisclosure

    Crude Oil Pipeline Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly3,830mbpdDisclosure

    Marcellus Consolidated C2 and NGLs Fractionated

    Period endPeriodValueUnitSource
    2026-06-30quarterly584mbpdDisclosure

    Marcellus Consolidated Gas Gathering Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly1,680MMcf/dDisclosure

    Marcellus Consolidated NGL Pipeline Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly487mbpdDisclosure

    Marcellus Consolidated Natural Gas Processed

    Period endPeriodValueUnitSource
    2026-06-30quarterly4,570MMcf/dDisclosure

    Marcellus Operated C2 and NGLs Fractionated

    Period endPeriodValueUnitSource
    2026-06-30quarterly584mbpdDisclosure

    Marcellus Operated Gas Gathering Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly1,680MMcf/dDisclosure

    Marcellus Operated NGL Pipeline Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly487mbpdDisclosure

    Marcellus Operated Natural Gas Processed

    Period endPeriodValueUnitSource
    2026-06-30quarterly6,232MMcf/dDisclosure

    Marine Barges in Operation

    Period endPeriodValueUnitSource
    2026-06-30quarterly331bargesDisclosure

    Marine Towboats in Operation

    Period endPeriodValueUnitSource
    2026-06-30quarterly30towboatsDisclosure

    Operated Purity Ethane Fractionated

    Period endPeriodValueUnitSource
    2026-06-30quarterly303mbpdDisclosure

    Other Consolidated C2 and NGLs Fractionated

    Period endPeriodValueUnitSource
    2026-06-30quarterly24mbpdDisclosure

    Other Consolidated NGL Pipeline Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly23mbpdDisclosure

    Other Operated C2 and NGLs Fractionated

    Period endPeriodValueUnitSource
    2026-06-30quarterly24mbpdDisclosure

    Other Operated NGL Pipeline Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly23mbpdDisclosure

    Product Pipeline Average Tariff Rate

    Period endPeriodValueUnitSource
    2026-06-30quarterly1.09USD/barrelDisclosure

    Product Pipeline Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly2,046mbpdDisclosure

    Sour Gas Treated Volume

    Period endPeriodValueUnitSource
    2026-06-30quarterly152MMcf/dDisclosure

    Southern Appalachia Consolidated Natural Gas Processed

    Period endPeriodValueUnitSource
    2026-06-30quarterly220MMcf/dDisclosure

    Southern Appalachia Operated Natural Gas Processed

    Period endPeriodValueUnitSource
    2026-06-30quarterly220MMcf/dDisclosure

    Southwest Consolidated Gas Gathering Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly1,990MMcf/dDisclosure

    Southwest Consolidated NGL Pipeline Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly209mbpdDisclosure

    Southwest Consolidated Natural Gas Processed

    Period endPeriodValueUnitSource
    2026-06-30quarterly2,013MMcf/dDisclosure

    Southwest Operated Gas Gathering Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly1,990MMcf/dDisclosure

    Southwest Operated NGL Pipeline Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly209mbpdDisclosure

    Southwest Operated Natural Gas Processed

    Period endPeriodValueUnitSource
    2026-06-30quarterly2,013MMcf/dDisclosure

    Terminal Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly3,259mbpdDisclosure

    Total Consolidated C2 and NGLs Fractionated

    Period endPeriodValueUnitSource
    2026-06-30quarterly608mbpdDisclosure

    Total Consolidated Gas Gathering Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly3,832MMcf/dDisclosure

    Total Consolidated NGL Pipeline Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly719mbpdDisclosure

    Total Consolidated Natural Gas Processed

    Period endPeriodValueUnitSource
    2026-06-30quarterly6,964MMcf/dDisclosure

    Total Operated C2 and NGLs Fractionated

    Period endPeriodValueUnitSource
    2026-06-30quarterly680mbpdDisclosure

    Total Operated Gas Gathering Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly6,859MMcf/dDisclosure

    Total Operated NGL Pipeline Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly791mbpdDisclosure

    Total Operated Natural Gas Processed

    Period endPeriodValueUnitSource
    2026-06-30quarterly9,590MMcf/dDisclosure

    Total Pipeline Average Tariff Rate

    Period endPeriodValueUnitSource
    2026-06-30quarterly1.07USD/barrelDisclosure

    Total Pipeline Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly5,876mbpdDisclosure

    Utica Operated C2 and NGLs Fractionated

    Period endPeriodValueUnitSource
    2026-06-30quarterly72mbpdDisclosure

    Utica Operated Gas Gathering Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly3,027MMcf/dDisclosure

    Utica Operated NGL Pipeline Throughput

    Period endPeriodValueUnitSource
    2026-06-30quarterly72mbpdDisclosure

    Utica Operated Natural Gas Processed

    Period endPeriodValueUnitSource
    2026-06-30quarterly964MMcf/dDisclosure

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q1 2026Quarterly · 2026-03-31SegmentCrude Oil And Products Logistics1,179,000,000USD0001552000-26-000025
    Q1 2026Quarterly · 2026-03-31SegmentNatural Gas And NGLServices1,170,000,000USD0001552000-26-000025
    Q4 2025Quarterly · 2025-12-31SegmentCrude Oil And Products Logistics1,259,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentNatural Gas And NGLServices1,192,000,000USDLegacy provider
    FY 2025Yearly · 2025-12-31SegmentCrude Oil And Products Logistics4,840,000,000USD0001552000-26-000009
    FY 2025Yearly · 2025-12-31SegmentNatural Gas And NGLServices4,886,000,000USD0001552000-26-000009
    Q3 2025Quarterly · 2025-09-30SegmentCrude Oil And Products Logistics1,209,000,000USD0001552000-25-000036
    Q3 2025Quarterly · 2025-09-30SegmentNatural Gas And NGLServices1,250,000,000USD0001552000-25-000036
    Q2 2025Quarterly · 2025-06-30SegmentCrude Oil And Products Logistics1,206,000,000USD0001552000-25-000026
    Q2 2025Quarterly · 2025-06-30SegmentNatural Gas And NGLServices1,150,000,000USD0001552000-25-000026
    Q1 2025Quarterly · 2025-03-31SegmentCrude Oil And Products Logistics1,166,000,000USD0001552000-26-000025
    Q1 2025Quarterly · 2025-03-31SegmentNatural Gas And NGLServices1,294,000,000USD0001552000-26-000025
    Q4 2024Quarterly · 2024-12-31SegmentCrude Oil And Products Logistics1,180,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentNatural Gas And NGLServices1,237,000,000USDLegacy provider
    FY 2024Yearly · 2024-12-31SegmentCrude Oil And Products Logistics4,561,000,000USD0001552000-26-000009
    FY 2024Yearly · 2024-12-31SegmentNatural Gas And NGLServices4,628,000,000USD0001552000-26-000009
    Q3 2024Quarterly · 2024-09-30SegmentCrude Oil And Products Logistics1,163,000,000USD0001552000-25-000036
    Q3 2024Quarterly · 2024-09-30SegmentNatural Gas And NGLServices1,182,000,000USD0001552000-25-000036
    Q2 2024Quarterly · 2024-06-30SegmentCrude Oil And Products Logistics1,146,000,000USD0001552000-25-000026
    Q2 2024Quarterly · 2024-06-30SegmentNatural Gas And NGLServices1,109,000,000USD0001552000-25-000026
    FY 2023Yearly · 2023-12-31SegmentCrude Oil And Products Logistics4,353,000,000USD0001552000-26-000009
    FY 2023Yearly · 2023-12-31SegmentNatural Gas And NGLServices4,380,000,000USD0001552000-26-000009
    FY 2022Yearly · 2022-12-31SegmentCrude Oil And Products Logistics4,076,000,000USD0001552000-25-000012
    FY 2022Yearly · 2022-12-31SegmentNatural Gas And NGLServices4,848,000,000USD0001552000-25-000012
    Q2 2022Quarterly · 2022-06-30ProductProduct749,000,000USD0001552000-22-000034
    Q2 2022Quarterly · 2022-06-30ProductService Other118,000,000USD0001552000-22-000034
    Q2 2022Quarterly · 2022-06-30ProductServices1,515,000,000USD0001552000-22-000034
    FY 2021Yearly · 2021-12-31SegmentGatheringand Processing4,089,000,000USD0001552000-24-000007
    FY 2021Yearly · 2021-12-31SegmentLogisticsand Storage3,932,000,000USD0001552000-24-000007
    Q2 2021Quarterly · 2021-06-30ProductProduct335,000,000USD0001552000-22-000034
    Q2 2021Quarterly · 2021-06-30ProductService Other76,000,000USD0001552000-22-000034
    Q2 2021Quarterly · 2021-06-30ProductServices1,485,000,000USD0001552000-22-000034
    FY 2020Yearly · 2020-12-31SegmentGatheringand Processing2,956,000,000USD0001552000-23-000008
    FY 2020Yearly · 2020-12-31SegmentLogisticsand Storage3,940,000,000USD0001552000-23-000008
    Q1 2020Quarterly · 2020-03-31ProductProduct169,000,000USD0001552000-21-000026
    Q1 2020Quarterly · 2020-03-31ProductService Other211,000,000USD0001552000-21-000026
    Q1 2020Quarterly · 2020-03-31ProductServices612,000,000USD0001552000-21-000026
    FY 2019Yearly · 2019-12-31SegmentGatheringand Processing3,185,000,000USD0001552000-22-000007
    FY 2019Yearly · 2019-12-31SegmentLogisticsand Storage3,856,000,000USD0001552000-22-000007
    FY 2019Yearly · 2019-12-31SegmentOther2,000,000,000USD0001552000-22-000007
    FY 2018Yearly · 2018-12-31SegmentGatheringand Processing2,851,000,000USD0001552000-21-000017
    FY 2018Yearly · 2018-12-31SegmentLogisticsand Storage2,598,000,000USD0001552000-21-000017

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.