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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues and other income:        
Sales-type lease revenue $ 37 $ 34 $ 110 $ 102
Sales-type lease revenue - related parties 113 118 344 359
Income from equity method investments 186 149 542 631
Gain on equity method investments 484 0 484 20
Total revenues and other income 3,619 2,972 9,746 8,870
Costs and expenses:        
Cost of revenues (excludes items below) 395 404 1,153 1,159
Purchased product costs 493 403 1,384 1,148
Purchases - related parties 396 402 1,234 1,162
Depreciation and amortization [1] 346 322 996 959
General and administrative expenses 126 107 345 323
Other taxes 36 32 101 99
Total costs and expenses 1,818 1,697 5,286 4,925
Income from operations 1,801 1,275 4,460 3,945
Net interest and other financial costs 243 226 706 692
Income before income taxes 1,558 1,049 3,754 3,253
Provision for income taxes 3 2 5 5
Net income 1,555 1,047 3,749 3,248
Less: Net income attributable to noncontrolling interests 10 10 30 30
Net income attributable to MPLX LP [2] 1,545 1,037 3,719 3,218
Dividends, Preferred Stock 0 6 0 21
Limited partners' interest in net income attributable to MPLX LP $ 1,545 $ 1,031 $ 3,719 $ 3,197
Net income attributable to MPLX LP per limited partner unit:        
Common - basic $ 1.52 $ 1.01 $ 3.65 $ 3.14
Common - diluted $ 1.52 $ 1.01 $ 3.65 $ 3.14
Weighted average limited partner units outstanding:        
Common - basic 1,019 1,020 1,020 1,016
Common - diluted 1,019 1,020 1,020 1,016
Nonrelated Party [Member]        
Revenues and other income:        
Rental income $ 68 $ 63 $ 196 $ 187
Other Income 4 7 19 38
Costs and expenses:        
Rental cost of sales 22 22 61 61
Related Party [Member]        
Revenues and other income:        
Rental income 228 216 655 644
Other Income 40 40 121 117
Costs and expenses:        
Rental cost of sales 4 5 12 14
Service [Member]        
Revenues and other income:        
Revenue from Contract with Customer, Excluding Assessed Tax - Third parties 750 709 2,153 2,050
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties 1,094 1,066 3,253 3,102
Service, Other [Member]        
Revenues and other income:        
Revenue from Contract with Customer, Excluding Assessed Tax - Third parties 64 86 233 265
Product [Member]        
Revenues and other income:        
Revenue from Contract with Customer, Excluding Assessed Tax - Third parties 525 433 1,510 1,191
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties $ 26 $ 51 $ 126 $ 164
[1] Depreciation and amortization attributable to Crude Oil and Products Logistics was $139 million and $407 million for the three and nine months ended September 30, 2025, respectively, and $132 million and $393 million for the three and nine months ended September 30, 2024, respectively. Depreciation and amortization attributable to Natural Gas and NGL Services was $207 million and $589 million for the three and nine months ended September 30, 2025, respectively, and $190 million and $566 million for the three and nine months ended September 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.