MPLX LP reported earnings results for the third quarter and nine months ended September 30, 2025. For the third quarter, the company reported sales was USD 446 million compared to USD 431 million a year ago. Revenue was USD 3,619 million compared to USD 2,972 million a year ago. Net income was USD 1,545 million compared to USD 1,037 million a year ago. Basic earnings per share from continuing operations was USD 1.52 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 1.52 compared to USD 1.01 a year ago.
For the nine months, sales was USD 1,305 million compared to USD 1,292 million a year ago. Revenue was USD 9,746 million compared to USD 8,870 million a year ago. Net income was USD 3,719 million compared to USD 3,218 million a year ago. Basic earnings per share from continuing operations was USD 3.65 compared to USD 3.14 a year ago. Diluted earnings per share from continuing operations was USD 3.65 compared to USD 3.14 a year ago.
MPLX LP is a diversified master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuel distribution services. The Companyâs segments include Logistics and Storage (L&S) and Gathering and Processing (G&P). The L&S segment primarily engages in the gathering, transportation, storage and distribution of crude oil, refined products, other hydrocarbon-based products, and renewables. The L&S segment also includes the operation of its refining logistics, fuel distribution and inland marine businesses, terminals, rail facilities and storage caverns. The G&P segment provides gathering, processing and transportation of natural gas, as well as the transportation, fractionation, storage and marketing of natural gas liquids (NGLs). Its assets include a network of crude oil and refined product pipelines; an inland marine business; light-product, asphalt, heavy oil and marine terminals; storage caverns, and others.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
