Also trades as: MPLXP (NYSE) · $vol 118M
MPLX NYSE
MPLX Lp
1W: -0.5%
1M: +0.8%
3M: +2.3%
YTD: +10.0%
1Y: +17.6%
3Y: +93.2%
5Y: +174.5%
$58.11
-0.54 (-0.92%)
Weekly Expected Move ±2.4%
$56
$58
$59
$61
$62
Credit Risk of going bust: lower than 87% of companies Debt: 30.5% of company value Bonds: $684.1M held by 578 funds, 99 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.03 (down 98%), MPLX Lp would be worth roughly what it owes.
Total debt $25.89B against a stock market value of $58.92B.
Distance to default 12.24 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $13.45B (short-term plus half of long-term), stock volatility 17.0%; Altman Z'' 1.38. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.03 (down 98%), MPLX Lp would be worth roughly what it owes.
Total debt $25.89B against a stock market value of $58.92B.
Distance to default 12.24 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $13.45B (short-term plus half of long-term), stock volatility 17.0%; Altman Z'' 1.38. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Income Statement
Cash Flow
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Institutions
ETF Exposure
Dark Pool
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Cash Flow Trends
Operating Cash Flow
$5.9B
-0.6% ▼
5Y CAGR: +5.5%
Capital Expenditures
$1.8B
-71.2% ▼
5Y CAGR: +8.9%
Free Cash Flow
$4.1B
-16.1% ▼
5Y CAGR: +4.2%
Dividends Paid
$4.0B
-11.7% ▼
Buybacks
$400M
-22.7% ▼
Net Change in Cash
$618M
+31.2% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $3.1B | $4.0B | $3.9B | $4.4B | $5.0B |
| Depreciation & Amort. | $1.3B | $1.2B | $1.2B | $1.3B | $1.4B |
| Stock-Based Comp. | $0 | $0 | $0 | $0 | $0 |
| Change in Working Capital | $157M | $121M | $130M | $246M | $65M |
| Other Non-Cash Items | $357M | -$313M | $123M | $58M | -$466M |
| Operating Cash Flow | $4.9B | $5.0B | $5.4B | $5.9B | $5.9B |
| — Investing Activities — | |||||
| Capital Expenditures | -$529M | -$806M | -$937M | -$1.1B | -$1.8B |
| Acquisitions (Net) | -$151M | -$245M | -$246M | -$940M | -$4.0B |
| Investment Purchases | -$151M | -$217M | -$98M | $0 | $0 |
| Investment Sales | $151M | $217M | $0 | $0 | $0 |
| Other Investing | $162M | $95M | $29M | $1M | $983M |
| Investing Cash Flow | -$518M | -$956M | -$1.3B | -$2.0B | -$4.9B |
| — Financing Activities — | |||||
| Net Debt Issuance | -$196M | -$302M | $588M | $479M | $4.1B |
| Stock Repurchased | -$630M | -$491M | -$600M | -$326M | -$400M |
| Dividends Paid | -$3.6B | -$3.0B | -$3.3B | -$3.6B | -$4.0B |
| Other Financing | $4M | $2M | -$27M | -$30M | -$88M |
| Financing Cash Flow | -$4.4B | -$3.8B | -$3.3B | -$3.5B | -$435M |
| Net Change in Cash | -$2M | $225M | $810M | $471M | $618M |
| Cash End of Period | $13M | $238M | $1.0B | $1.5B | $2.1B |
| Free Cash Flow | $4.4B | $4.2B | $4.5B | $4.9B | $4.1B |