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Select Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Data
 
 
2019
(In millions, except per unit data)
 
1st Qtr.(1)
 
2nd Qtr.(1)
 
3rd Qtr.
 
4th Qtr.
Total revenues and other income
 
$
2,235

 
$
2,210

 
$
2,280

 
$
2,316

Income from operations
 
912

 
885

 
926

 
(346
)
Net income
 
689

 
657

 
689

 
(573
)
Net income attributable to MPLX LP
 
503

 
482

 
629

 
(581
)
Net income attributable to MPLX LP per limited partner unit:
 
 
 
 
 
 
 
 
Common - basic
 
0.61

 
0.56

 
0.61

 
(0.58
)
Common - diluted
 
0.61

 
0.55

 
0.61

 
(0.58
)
Cash distributions declared per limited partner common unit
 
0.6575

 
0.6675

 
0.6775

 
0.6875

Distributions declared:
 
 
 
 
 
 
 
 
Limited partner units - Public
 
191

 
261

 
266

 
270

Limited partner units - MPC
 
332

 
431

 
438

 
446

Series A preferred units
 
20

 
21

 
20

 
20

Series B preferred units
 

 
21

 
10

 
11

Total distributions declared
 
$
543

 
$
734

 
$
734

 
$
747



 
 
2018
(In millions, except per unit data)
 
1st Qtr.
 
2nd Qtr.
 
3rd Qtr.
 
4th Qtr.(1)
Total revenues and other income
 
$
1,420

 
$
1,578

 
$
1,712

 
$
2,295

Income from operations
 
557

 
608

 
672

 
891

Net income
 
423

 
456

 
516

 
611

Net income attributable to MPLX LP
 
421

 
453

 
510

 
434

Net income attributable to MPLX LP per limited partner unit:
 
 
 
 
 
 
 
 
Common - basic
 
0.61

 
0.55

 
0.62

 
0.52

Common - diluted
 
0.61

 
0.55

 
0.62

 
0.52

Cash distributions declared per limited partner common unit
 
0.6175

 
0.6275

 
0.6375

 
0.6475

Distributions declared:
 
 
 
 
 
 
 
 
Limited partner units - Public
 
179

 
181

 
185

 
187

Limited partner units - MPC
 
288

 
316

 
322

 
327

Series A preferred units
 
16

 
20

 
19

 
20

Total distributions declared
 
$
483

 
$
517

 
$
526

 
$
534


(1)
As discussed in Note 1, MPLX’s acquisition of ANDX is considered a transfer between entities under common control due to MPC’s prior relationship with ANDX. Transfers of businesses between entities under common control require prior periods to be retrospectively adjusted for those dates that the entity was under common control. Accordingly, the tables above include the historical results of ANDX beginning October 1, 2018. Amounts shown for the fourth quarter of 2018 as well as the first and second quarters of 2019 are different than amounts previously reported for Total revenues and other income, Income from operations and Net income as a results of this retrospective adjustment for ANDX. Total revenues and other income originally reported for the fourth quarter of 2018 and the first and second quarters of 2019 was $1,715 million, $1,646 million and $1,629 million, respectively. Income from operations originally reported for the fourth quarter of 2018 and the first and second quarters of 2019 was $666 million, $678 million and $659 million, respectively. Net income originally reported for the fourth quarter of 2018 and the first and second quarters of 2019 was $439 million, $509 million and $488 million, respectively.