Financials MPLX LP

Stocks

MPLX

US55336V1008

Oil & Gas Transportation Services

Real-time Estimate Cboe BZX 18:41:07 03/09/2026 BST			5-day change	1st Jan Change
59.86 ^USD	+1.47%		+0.60%	+12.18%

08-21	MPLX Set for Stronger 2027 Growth as Projects Ramp, RBC Says	MT
08-21	RBC Raises Price Target on MPLX to $64 From $60, Keeps Outperform Rating	MT

Projected Income Statement: MPLX LP

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	10,027	11,613	11,281	11,933	12,998	13,139	14,090	14,985
Change	-	15.82%	-2.86%	5.78%	8.92%	1.08%	7.24%	6.35%
EBITDA ¹	5,560	5,775	6,269	6,764	7,017	7,275	7,838	8,295
Change	-	3.87%	8.55%	7.9%	3.74%	3.68%	7.73%	5.83%
EBIT ¹	3,992	4,911	4,900	5,288	5,943	5,593	6,115	6,434
Change	-	23.02%	-0.22%	7.92%	12.39%	-5.89%	9.34%	5.21%
Interest Paid ¹	-879	-925	-923	-921	-983	-1,140	-1,161	-1,273
Earnings before Tax (EBT) ¹	3,113	3,986	3,977	4,367	4,960	4,525	5,094	5,501
Change	-	28.04%	-0.23%	9.81%	13.58%	-8.77%	12.57%	7.99%
Net income ¹	2,936	3,815	3,829	4,290	4,912	4,453	4,983	5,359
Change	-	29.94%	0.37%	12.04%	14.5%	-9.35%	11.91%	7.53%
Announcement Date	02/02/22	31/01/23	30/01/24	04/02/25	03/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	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	2027 Q4	2028 Q1	2028 Q2
Net sales ¹	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	3,252	3,038	3,312	3,356	3,435	3,477	3,467	3,468	3,501	3,490	3,508
Change	-	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%	-10.14%	-6.58%	9.02%	1.32%	2.36%	1.23%	-0.28%	0.02%	0.95%	-0.31%	0.52%
EBITDA ¹	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	1,804	1,729	1,775	1,860	1,921	1,910	1,948	1,985	1,996	2,017	2,054
Change	-	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%	2.15%	-4.16%	2.66%	4.76%	3.28%	-0.57%	2.03%	1.89%	0.54%	1.07%	1.83%
EBIT ¹	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	1,483	1,214	1,378	1,447	1,490	1,493	1,486	1,530	1,534	1,529	1,550
Change	-	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%	-17.66%	-18.14%	13.51%	5.03%	2.94%	0.23%	-0.51%	2.98%	0.26%	-0.33%	1.37%
Charge d'intérêts ¹	-220	-218	-218	-233	-236	-234	-224	-233	-225	-222	-235	-231	-226	-229	-229	-234	-243	-277	-291	-289	-278.8	-281.8	-306.5	-307.5	-308.5	-311	-322	-325
Earnings before Tax (EBT) ¹	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	1,206	923	1,089	1,266	1,312	1,181	1,169	1,206	1,205	1,197	1,215
Change	-	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%	-22.59%	-23.47%	17.98%	16.26%	3.65%	-10.01%	-1.02%	3.17%	-0.08%	-0.66%	1.5%
Net income ¹	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	1,193	912	1,077	1,205	1,239	1,170	1,158	1,195	1,194	1,186	1,204
Change	-	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%	-22.78%	-23.55%	18.09%	11.85%	2.83%	-5.55%	-1.03%	3.2%	-0.08%	-0.67%	1.52%
Announcement Date	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	03/02/26	05/05/26	04/08/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: MPLX LP

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	18,558	19,558	19,383	19,429	23,516	25,201	26,037	26,951
Change	-	5.39%	-0.89%	0.24%	21.04%	7.17%	3.32%	3.51%
Announcement Date	02/02/22	31/01/23	30/01/24	04/02/25	03/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: MPLX LP

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	596	806	937	1,056	1,808	3,090	2,035	1,835
Change	-	35.23%	16.25%	12.7%	71.21%	70.88%	-34.13%	-9.82%
Free Cash Flow (FCF) ¹	4,399	4,213	4,135	3,942	1,033	3,068	4,311	4,950
Change	-	-4.23%	-1.85%	-4.67%	-73.8%	196.96%	40.52%	14.84%
Announcement Date	02/02/22	31/01/23	30/01/24	04/02/25	03/02/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: MPLX LP

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	55.45%	49.73%	55.57%	56.68%	53.99%	55.37%	55.63%	55.36%
EBIT Margin (%)	39.81%	42.29%	43.44%	44.31%	45.72%	42.57%	43.4%	42.94%
EBT Margin (%)	31.05%	34.32%	35.25%	36.6%	38.16%	34.44%	36.15%	36.71%
Net margin (%)	29.28%	32.85%	33.94%	35.95%	37.79%	33.89%	35.37%	35.76%
FCF margin (%)	43.87%	36.28%	36.65%	33.03%	7.95%	23.35%	30.59%	33.04%
FCF / Net Income (%)	149.83%	110.43%	107.99%	91.89%	21.03%	68.89%	86.5%	92.39%
Profitability
ROA	8.16%	10.72%	10.61%	11.59%	12.2%	10.8%	11.5%	12.6%
ROE	23.89%	27.15%	29.75%	32.96%	35.24%	31.57%	35.93%	38.89%
Financial Health
Leverage (Debt/EBITDA)	3.34x	3.39x	3.09x	2.87x	3.35x	3.46x	3.32x	3.25x
Debt / Free cash flow	4.22x	4.64x	4.69x	4.93x	22.76x	8.22x	6.04x	5.44x
Capital Intensity
CAPEX / Current Assets (%)	5.94%	6.94%	8.31%	8.85%	13.91%	23.52%	14.44%	12.25%
CAPEX / EBITDA (%)	10.72%	13.96%	14.95%	15.61%	25.77%	42.47%	25.96%	22.12%
CAPEX / FCF (%)	13.55%	19.13%	22.66%	26.79%	175.02%	100.72%	47.21%	37.07%
Items per share
Cash flow per share ¹	4.782	4.969	5.386	5.847	5.799	6.243	6.448	-
Change	-	3.92%	8.39%	8.55%	-0.82%	7.66%	3.28%	-
Dividend per Share ¹	3.36	2.96	3.25	3.613	4.066	4.547	5.131	5.567
Change	-	-11.9%	9.8%	11.17%	12.54%	11.83%	12.86%	8.49%
Book Value Per Share ¹	11.5	12.31	12.66	13.35	14.09	14.2	14.45	14.51
Change	-	7.06%	2.86%	5.4%	5.56%	0.78%	1.76%	0.4%
EPS ¹	2.86	3.75	3.8	4.21	4.82	4.314	4.832	5.185
Change	-	31.12%	1.33%	10.79%	14.49%	-10.51%	12.03%	7.3%
Nbr of stocks (in thousands)	1,019,864	1,003,243	1,001,217	1,018,812	1,017,065	1,013,858	1,013,858	1,013,858
Announcement Date	02/02/22	31/01/23	30/01/24	04/02/25	03/02/26	-	-	-