Financials MPLX LP

Equities

MPLX

US55336V1008

Oil & Gas Transportation Services

Market Closed - Nyse Other stock markets 02:30:02 13/01/2026 am IST			5-day change	1st Jan Change
53.84 ^USD	+1.58%		+1.01%	+0.88%

05/01	Raymond James Downgrades MPLX to Market Perform From Outperform	MT
01/12	JPMorgan Downgrades MPLX to Neutral From Overweight, Price Target is $57	MT

Projected Income Statement: MPLX LP

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	7,569	10,027	11,613	11,281	11,933	12,899	13,389	14,217
Change	-	32.47%	15.82%	-2.86%	5.78%	8.1%	3.8%	6.18%
EBITDA ¹	5,211	5,560	5,775	6,269	6,764	7,024	7,432	7,946
Change	-	6.7%	3.87%	8.55%	7.9%	3.84%	5.81%	6.92%
EBIT ¹	211	3,992	4,911	4,900	5,288	5,842	5,778	6,200
Change	-	1,791.94%	23.02%	-0.22%	7.92%	10.48%	-1.1%	7.31%
Interest Paid ¹	-896	-879	-925	-923	-921	-1,006	-1,126	-1,166
Earnings before Tax (EBT) ¹	-685	3,113	3,986	3,977	4,367	4,803	4,649	5,096
Change	-	554.45%	28.04%	-0.23%	9.81%	9.98%	-3.21%	9.62%
Net income ¹	-842	2,936	3,815	3,829	4,290	4,699	4,685	5,057
Change	-	448.69%	29.94%	0.37%	12.04%	9.53%	-0.29%	7.94%
Announcement Date	02/02/21	02/02/22	31/01/23	30/01/24	04/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	2,249	2,339	2,395	2,559	2,734	2,610	2,940	3,401	2,662	2,713	2,690	2,912	2,966	2,846	3,052	2,972	3,063	3,124	3,003	3,619	3,215	3,263	3,270	3,417	3,465	3,452	3,506	3,574
Change	-	4%	2.39%	6.85%	6.84%	-4.54%	12.64%	15.68%	-21.73%	1.92%	-0.85%	8.25%	1.85%	-4.05%	7.24%	-2.62%	3.06%	1.99%	-3.87%	20.51%	-11.17%	1.51%	0.22%	4.47%	1.42%	-0.38%	1.56%	1.95%
EBITDA ¹	1,355	1,352	1,374	1,389	1,445	1,393	1,457	1,471	1,454	1,519	1,531	1,596	1,623	1,635	1,653	1,714	1,762	1,757	1,690	1,766	1,796	1,801	1,816	1,875	1,930	1,953	1,985	2,030
Change	-	-0.22%	1.63%	1.09%	4.03%	-3.6%	4.59%	0.96%	-1.16%	4.47%	0.79%	4.25%	1.69%	0.74%	1.1%	3.69%	2.8%	-0.28%	-3.81%	4.5%	1.7%	0.28%	0.83%	3.26%	2.92%	1.21%	1.61%	2.28%
EBIT ¹	920	974	931	1,031	1,056	1,060	1,117	1,674	1,060	1,196	1,175	1,154	1,375	1,251	1,419	1,275	1,343	1,366	1,293	1,801	1,408	1,399	1,420	1,485	1,527	1,527	1,543	1,561
Change	-	5.87%	-4.41%	10.74%	2.42%	0.38%	5.38%	49.87%	-36.68%	12.83%	-1.76%	-1.79%	19.15%	-9.02%	13.43%	-10.15%	5.33%	1.71%	-5.34%	39.29%	-21.82%	-0.63%	1.46%	4.58%	2.85%	0%	1.05%	1.17%
Charge d'intérêts ¹	-219	-225	-216	-220	-218	-218	-233	-236	-234	-224	-233	-225	-222	-235	-231	-226	-229	-229	-234	-243	-279.6	-288.5	-288.8	-288.5	-289.8	-278.5	-279.5	-280.5
Earnings before Tax (EBT) ¹	701	749	715	811	838	838	884	1,438	826	953	942	929	1,153	1,016	1,188	1,049	1,114	1,137	1,059	1,558	1,052	1,165	1,143	1,218	1,207	1,220	1,271	1,328
Change	-	6.85%	-4.54%	13.43%	3.33%	0%	5.49%	62.67%	-42.56%	15.38%	-1.15%	-1.38%	24.11%	-11.88%	16.93%	-11.7%	6.2%	2.06%	-6.86%	47.12%	-32.46%	10.68%	-1.88%	6.56%	-0.86%	1.05%	4.24%	4.47%
Net income ¹	661	708	675	754	799	793	844	1,395	783	915	910	893	1,111	995	1,171	1,031	1,093	1,126	1,048	1,545	1,081	1,154	1,132	1,206	1,193	1,204	1,255	1,311
Change	-	7.11%	-4.66%	11.7%	5.97%	-0.75%	6.43%	65.28%	-43.87%	16.86%	-0.55%	-1.87%	24.41%	-10.44%	17.69%	-11.96%	6.01%	3.02%	-6.93%	47.42%	-30.02%	6.69%	-1.9%	6.54%	-1.04%	0.89%	4.3%	4.45%
Announcement Date	02/02/21	04/05/21	04/08/21	02/11/21	02/02/22	03/05/22	02/08/22	01/11/22	31/01/23	02/05/23	01/08/23	31/10/23	30/01/24	30/04/24	06/08/24	05/11/24	04/02/25	06/05/25	05/08/25	04/11/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: MPLX LP

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	20,124	18,558	19,558	19,383	19,429	22,820	24,001	24,348
Change	-	-7.78%	5.39%	-0.89%	0.24%	17.45%	5.18%	1.45%
Announcement Date	02/02/21	02/02/22	31/01/23	30/01/24	04/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: MPLX LP

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	993	596	806	937	1,056	1,570	2,376	1,635
Change	-	-39.98%	35.23%	16.25%	12.7%	48.69%	51.33%	-31.19%
Free Cash Flow (FCF) ¹	3,528	4,399	4,213	4,135	3,942	3,101	3,827	4,649
Change	-	24.69%	-4.23%	-1.85%	-4.67%	-21.34%	23.42%	21.49%
Announcement Date	02/02/21	02/02/22	31/01/23	30/01/24	04/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: MPLX LP

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	68.85%	55.45%	49.73%	55.57%	56.68%	54.45%	55.51%	55.89%
EBIT Margin (%)	2.79%	39.81%	42.29%	43.44%	44.31%	45.29%	43.15%	43.61%
EBT Margin (%)	-9.05%	31.05%	34.32%	35.25%	36.6%	37.23%	34.72%	35.85%
Net margin (%)	-11.12%	29.28%	32.85%	33.94%	35.95%	36.43%	34.99%	35.57%
FCF margin (%)	46.61%	43.87%	36.28%	36.65%	33.03%	24.04%	28.58%	32.7%
FCF / Net Income (%)	-419%	149.83%	110.43%	107.99%	91.89%	65.99%	81.68%	91.93%
Profitability
ROA	-2.19%	8.16%	10.72%	10.61%	11.59%	11.1%	11.3%	11.7%
ROE	-5.68%	23.89%	27.15%	29.75%	32.96%	33.22%	33.03%	35.12%
Financial Health
Leverage (Debt/EBITDA)	3.86x	3.34x	3.39x	3.09x	2.87x	3.25x	3.23x	3.06x
Debt / Free cash flow	5.7x	4.22x	4.64x	4.69x	4.93x	7.36x	6.27x	5.24x
Capital Intensity
CAPEX / Current Assets (%)	13.12%	5.94%	6.94%	8.31%	8.85%	12.17%	17.75%	11.5%
CAPEX / EBITDA (%)	19.06%	10.72%	13.96%	14.95%	15.61%	22.35%	31.97%	20.58%
CAPEX / FCF (%)	28.15%	13.55%	19.13%	22.66%	26.79%	50.64%	62.09%	35.17%
Items per share
Cash flow per share ¹	4.302	4.782	4.969	5.386	5.847	6.827	5.69	-
Change	-	11.16%	3.92%	8.39%	8.55%	16.77%	-16.66%	-
Dividend per Share ¹	2.75	3.36	2.96	3.25	3.613	4.049	4.505	5.035
Change	-	22.18%	-11.9%	9.8%	11.17%	12.07%	11.26%	11.78%
Book Value Per Share ¹	12.39	11.5	12.31	12.66	13.35	14.17	14.47	14.36
Change	-	-7.14%	7.06%	2.86%	5.4%	6.2%	2.11%	-0.78%
EPS ¹	-0.8	2.86	3.75	3.8	4.21	4.707	4.519	4.942
Change	-	457.5%	31.12%	1.33%	10.79%	11.81%	-4%	9.35%
Nbr of stocks (in thousands)	10,40,169	10,19,864	10,03,243	10,01,217	10,18,812	10,17,065	10,17,065	10,17,065
Announcement Date	02/02/21	02/02/22	31/01/23	30/01/24	04/02/25	-	-	-