NYSE$MPLX

MPLX LP · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

MPLX reported Q2 2025 revenue of $1.01B, net income of $696.0M, diluted EPS of $0.69.

For Q2 2025, MPLX reported Revenue was $1.01B, net income was $696.0M, diluted EPS was $0.69. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $1.01B for Q2 2025.
  • Net income $696.0M.
  • Diluted EPS $0.69.

Headline financials

Total Revenue

$3B

Previous: $3.05B-1.6%
EPS (adj)

$0.69

Previous: $1.15-40.0%
Total Gathering Throughput

6.6B

No prior period
Natural Gas Processed

9.7B

No prior period
C2+ NGLs Fractionated

634.0K

No prior period
Terminal Throughput

3.2M

No prior period
Product Pipelines Tariff

$1.05

No prior period
Crude Oil Pipelines Tariff

$1.06

No prior period
Product Pipelines Throughput

2.1M

No prior period
Crude Oil Pipeline Throughput

4.0M

No prior period
Barges in Operation

320

No prior period
Towboats in Operation

29

No prior period
Capital Expenditures

-$568M

Previous: -$468M-21.4%
Free Cash Flow

$490M

Previous: $718M-31.8%
Net Income

$1.06B

Previous: $1.19B-10.8%
Operating Income

$1.29B

Previous: $1.42B-8.9%
Gross Profit

$1.88B

Previous: $2.73B-31.3%
Cash & Equivalents

$1.39B

Previous: $2.5B-44.6%
Total Assets

$37.8B

Previous: $38.4B-1.5%

Revenue & EPS history

MPLX · Revenue · Quarterly

$3B

Q2 2025-1.6%vs Q2 2024
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Energy and industrial issuers tie outlook to volumes, rates, and capital projects.

Tailwinds

  • Infrastructure investment and dividends.
  • Operational efficiency programs.

Headwinds

  • Commodity prices, weather, and regulatory shifts.
  • Project timing and cost inflation.

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 Q2 2025

Historical avgQ2 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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