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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Sales-type lease revenue $ 34 $ 28 $ 101 $ 28
Sales-type lease revenue - related parties 129 118 379 343
Income from equity method investments 159 125 438 335
Total revenues and other income 2,912 3,401 8,315 8,951
Costs and Expenses, Related Party 442 364 1,160 1,034
Depreciation and amortization [1] 301 302 907 925
General and administrative expenses 102 88 280 248
Other taxes 44 30 102 97
Total costs and expenses 1,758 1,727 4,790 5,100
Operating Income (Loss) 1,154 1,674 3,525 3,851
Interest expense, net of amounts capitalized 223 217 673 627
Other financial costs, net 2 19 28 59
Income before income taxes 929 1,438 2,824 3,160
Provision for income taxes 1 1 2 6
Net income 928 1,437 2,822 3,154
Less: Net income attributable to noncontrolling interests 10 9 28 26
Net income attributable to MPLX LP [2] 918 1,428 2,794 3,128
Limited partners' interest in net income attributable to MPLX LP $ 893 $ 1,395 $ 2,718 $ 3,032
Net income attributable to MPLX LP per limited partner unit:        
Common - basic $ 0.89 $ 1.36 $ 2.70 $ 2.97
Common - diluted $ 0.89 $ 1.36 $ 2.70 $ 2.97
Weighted average limited partner units outstanding:        
Common - basic 1,001 1,010 1,001 1,012
Common - diluted 1,001 1,011 1,001 1,013
Nonrelated Party [Member]        
Rental income $ 61 $ 75 $ 181 $ 268
Other Income 7 505 28 494
Rental cost of sales 20 22 60 101
Related Party [Member]        
Rental income 207 201 612 564
Other Income 32 28 90 82
Rental cost of sales 8 10 24 44
General and administrative expenses 72 60 197 173
Affiliated Entity        
Related-party interest and other financial costs 0 0 0 5
Service [Member]        
Revenue from Contract with Customer, Excluding Assessed Tax - third and related parties 641 627 1,881 1,758
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties 1,038 948 2,962 2,801
Service, Other [Member]        
Revenue from Contract with Customer, Excluding Assessed Tax - third and related parties 75 83 214 324
Product [Member]        
Revenue from Contract with Customer, Excluding Assessed Tax - third and related parties 478 617 1,274 1,812
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties 51 46 155 142
Oil and Gas, Refining and Marketing [Member]        
Cost of Goods and Services Sold 367 371 1,023 981
Natural Gas, Midstream [Member]        
Cost of Goods and Services Sold 474 540 1,234 1,670
Series A Preferred Stock [Member]        
Net income attributable to MPLX LP [2] 26 41 80 89
Dividends, Preferred Stock 25 23 71 65
Series B Preferred Stock [Member]        
Net income attributable to MPLX LP [2]   10 5 31
Dividends, Preferred Stock 0 10 5 31
Common Unit-holders Public        
Net income attributable to MPLX LP [2] $ 892 $ 1,377 $ 2,709 $ 3,008
[1] Depreciation and amortization attributable to L&S was $130 million and $399 million for the three and nine months ended September 30, 2023, respectively, and $128 million and $387 million for the three and nine months ended September 30, 2022, respectively. Depreciation and amortization attributable to G&P was $171 million and $508 million for the three and nine months ended September 30, 2023, respectively, and $174 million and $538 million for the three and nine months ended September 30, 2022, respectively.
[2] Allocation of net income attributable to MPLX LP assumes all earnings for the period had been distributed based on the distribution priorities applicable to the period.