NYSE$MPLX

MPLX LP · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

MPLX reported Q1 2025 total revenues and other income of $3.1B with net income attributable to MPLX of $1.1B.

Total revenues and other income were $3.12 billion as logistics and storage assets generated stable fee-based cash flows. Net income attributable to MPLX LP was $1.13 billion, or $1.10 per limited partner unit.

  • Q1 total revenues and other income $3.12B.
  • Net income attributable to MPLX $1.13B.
  • Midstream logistics and gathering volumes.
  • Distribution coverage and growth capex.

Headline financials

Total Revenue

$3.12B

Previous: $2.85B+9.8%
EPS (adj)

$1.10

Previous: $0.98+12.2%
Total Gathering Throughput

6.5B

No prior period
Natural Gas Processed

9.8B

No prior period
C2+ NGLs Fractionated

660.0K

No prior period
Terminal Throughput

3.1M

No prior period
Product Pipelines Tariff

$1.11

No prior period
Crude Oil Pipelines Tariff

$1.03

No prior period
Product Pipelines Throughput

2.0M

No prior period
Crude Oil Pipeline Throughput

3.9M

No prior period
Barges in Operation

319

No prior period
Towboats in Operation

29

No prior period
Capital Expenditures

$267M

Previous: -$255M+204.7%
Free Cash Flow

$979M

Previous: $760M+28.8%
Net Income

$1.14B

Previous: $1.02B+11.9%
Operating Income

$1.37B

Previous: $1.25B+9.2%
Gross Profit

$1.95B

Previous: $2.53B-22.9%
Cash & Equivalents

$2.53B

Previous: $385M+558.2%
Total Assets

$39B

Previous: $36.5B+6.9%

Revenue & EPS history

MPLX · Revenue · Quarterly

$3.12B

Q1 2025+9.8%vs Q1 2024
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Management discusses operating priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Headline results and segment trends anchor the quarter.
  • Liquidity and balance-sheet capacity support operations.
  • Strategic initiatives outlined in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items affect year-over-year comparability.
  • Execution risk on growth or restructuring plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.0%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+1.0%

Avg return

30 days after

47%

22 / 47 earnings

Positive

+10.2%

Q3 2015

Best reaction

-25.5%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%-5.5%-1.5%
Q4 2025-0.1%+1.2%+6.0%
Q3 2025+0.7%+0.8%+9.9%
Q2 2025-3.5%-4.4%-3.6%
Q1 2025-1.7%-3.0%+1.3%
Q4 2024+2.4%+3.4%+1.8%
Q3 2024+4.8%+3.7%+12.1%
Q2 2024+0.7%-0.9%+4.4%
Q1 2024-0.9%-2.0%-4.2%
Q4 2023+1.3%-1.6%+1.0%
Q3 2023+0.3%+0.3%+1.4%
Q2 2023-0.5%-2.1%-1.7%
Q1 2023+0.2%-2.6%-4.4%
Q4 2022+0.4%-1.7%+0.4%
Q3 2022+1.6%+1.6%+0.9%
Q2 2022-0.3%-6.8%+0.1%
Q1 2022+5.3%+0.4%+1.9%
Q4 2021-1.7%-2.8%-4.0%
Q3 2021+1.0%+1.9%-4.3%
Q2 2021-2.9%-4.3%+3.2%
Q1 2021+4.9%+3.7%+6.3%
Q4 2020+3.2%+1.2%+9.4%
Q3 2020+7.3%+2.2%+26.7%
Q2 2020+7.5%+0.7%-2.2%
Q1 2020-1.8%+1.5%+15.4%
Q4 2019-1.1%-4.4%-15.8%
Q3 2019-1.7%-1.2%-10.2%
Q2 2019-1.6%-7.1%-4.9%
Q1 2019-4.6%-4.9%-3.5%
Q4 2018-5.6%-4.0%-4.1%
Q3 2018-1.8%+1.2%-1.4%
Q2 2018+0.1%+1.8%+1.6%
Q1 2018+4.0%+1.9%+5.0%
Q4 2017-2.3%-2.7%-7.0%
Q3 2017+8.8%+8.6%+9.2%
Q2 2017-0.7%+0.6%-6.7%
Q1 2017-3.2%-2.4%-6.5%
Q4 2016-0.6%+1.1%+0.3%
Q3 2016+5.0%+8.1%+5.3%
Q2 2016-1.0%-4.5%+2.1%
Q1 2016-0.7%
Q4 2015-25.5%
Q3 2015+10.2%
Q2 2015-1.5%
Q1 2015-3.0%
Q4 2014+0.3%
Q3 2012+2.7%
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011

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