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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sales-type lease revenue $ 36 $ 34 $ 73 $ 68
Sales-type lease revenue - related parties 116 120 231 241
Income from equity method investments 170 325 356 482
Total revenues and other income 3,003 3,052 6,127 5,898
Cost of revenues (excludes items below) 369 384 758 755
Purchased product costs 432 376 891 745
Purchases - related parties 422 388 838 760
Depreciation and amortization [1] 324 320 650 637
General and administrative expenses 107 107 219 216
Other taxes 32 33 65 67
Total costs and expenses 1,710 1,633 3,468 3,228
Income from operations 1,293 1,419 2,659 2,670
Net interest and other financial costs 234 231 463 466
Income before income taxes 1,059 1,188 2,196 2,204
Provision for income taxes 1 2 2 3
Net income 1,058 1,186 2,194 2,201
Less: Net income attributable to noncontrolling interests 10 10 20 20
Net income attributable to MPLX LP [2] 1,048 1,176 2,174 2,181
Dividends, Preferred Stock 0 5 0 15
Limited partners' interest in net income attributable to MPLX LP $ 1,048 $ 1,171 $ 2,174 $ 2,166
Net income attributable to MPLX LP per limited partner unit:        
Common - basic $ 1.03 $ 1.15 $ 2.13 $ 2.13
Common - diluted $ 1.03 $ 1.15 $ 2.13 $ 2.13
Weighted average limited partner units outstanding:        
Common - basic 1,020 1,019 1,020 1,013
Common - diluted 1,021 1,020 1,020 1,014
Nonrelated Party [Member]        
Rental income $ 64 $ 64 $ 128 $ 124
Other Income 5 6 15 51
Rental cost of sales 20 20 39 39
Related Party [Member]        
Rental income 216 211 427 428
Other Income 40 37 81 77
Rental cost of sales 4 5 8 9
Service [Member]        
Revenue from Contract with Customer, Excluding Assessed Tax - Third parties 696 683 1,403 1,341
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties 1,093 1,050 2,159 2,036
Service, Other [Member]        
Revenue from Contract with Customer, Excluding Assessed Tax - Third parties 70 84 169 179
Product [Member]        
Revenue from Contract with Customer, Excluding Assessed Tax - Third parties 472 388 985 758
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties $ 25 $ 50 $ 100 $ 113
[1] Depreciation and amortization attributable to Crude Oil and Products Logistics was $135 million and $268 million for the three and six months ended June 30, 2025, respectively, and $131 million and $261 million for the three and six months ended June 30, 2024, respectively. Depreciation and amortization attributable to Natural Gas and NGL Services was $189 million and $382 million for the three and six months ended June 30, 2025, respectively, and $189 million and $376 million for the three and six months ended June 30, 2024, respectively.
[2] Allocation of net income attributable to MPLX LP assumes all earnings for the period have been distributed based on the distribution priorities applicable to the period.