Mplx LP cash flow statement
In fiscal 2025, Mplx LP's operations generated $5.91bn of cash; it spent $1.81bn on capital projects, leaving free cash flow of $4.10bn. It returned $400m through buybacks.
Cash flow statement
| Fiscal year | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 212 | 334 | 427 | 1,491 | 1,907 | 3,071 | 4,082 | 4,521 | 4,911 | 5,019 | 5,397 | 5,946 | 5,909 | 6,022 |
| Depreciation and amortisation | 49 | 75 | 129 | 591 | 683 | 867 | 1,254 | 1,377 | — | — | — | — | — | — |
| Stock-based pay | — | — | — | −10 | −15 | 24 | 22 | 14 | — | — | — | — | — | — |
| Capital spending | 107 | 141 | 334 | 1,313 | 1,411 | 2,111 | 2,408 | 1,183 | 529 | 806 | 937 | 1,056 | 1,808 | 2,909 |
| Free cash flow | 105 | 193 | 93 | 178 | 496 | 960 | 1,674 | 3,338 | 4,382 | 4,213 | 4,460 | 4,890 | 4,101 | 3,113 |
| Free cash flow after stock pay | — | — | — | 188 | 511 | 936 | 1,652 | 3,324 | — | — | — | — | — | — |
| Share buybacks | — | — | — | — | — | 0 | 0 | 33 | 630 | 491 | 0 | 326 | 400 | 250 |
| Shares issued | 0 | 230 | 1 | 792 | 483 | 0 | 0 | — | — | — | — | — | — | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,675 | 1,246 | 1,736 | 1,431 | 1,496 | 1,347 | 1,702 | 1,477 |
| Depreciation and amortisation | — | 295 | 293 | 310 | — | 315 | 320 | 335 |
| Capital spending | 308 | 267 | 301 | 526 | 714 | 575 | 825 | 795 |
| Free cash flow | 1,367 | 979 | 1,435 | 905 | 782 | 772 | 877 | 682 |
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