Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.03B | $3.87B | $5.45B | $7.04B | $6.90B | $8.02B | $8.92B | $8.73B | $9.19B | $9.73B |
| Revenue growth | — | 27.7% | 40.9% | 29.2% | -2.1% | 16.3% | 11.3% | -2.1% | 5.2% | 5.8% |
| Operating income | — | — | — | — | $211M | $3.99B | $4.91B | $4.90B | $5.29B | $5.94B |
| Operating margin | — | — | — | — | 3.1% | 49.8% | 55.0% | 56.1% | 57.5% | 61.1% |
| Net income | $434M | $836M | $2.01B | $1.46B | -$687M | $3.11B | $3.98B | $3.97B | $4.36B | $4.95B |
| Net margin | 14.3% | 21.6% | 36.8% | 20.8% | -10.0% | 38.8% | 44.6% | 45.4% | 47.4% | 50.9% |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.49B | $1.91B | $3.07B | $4.08B | $4.52B | $4.91B | $5.02B | $5.40B | $5.95B | $5.91B |
| Capital expenditures | $1.31B | $1.41B | $2.11B | $2.41B | $1.18B | $529M | $806M | $937M | $1.06B | $1.81B |
| Free cash flow | $178M | $496M | $960M | $1.67B | $3.34B | $4.38B | $4.21B | $4.46B | $4.89B | $4.10B |
| Share buybacks | — | — | $0.00 | $0.00 | $33.0M | $630M | $491M | $0.00 | $326M | $400M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $234M | $5.00M | $77.0M | $15.0M | $15.0M | $13.0M | $238M | $1.05B | $1.52B | $2.14B |
| Total assets | $17.5B | $19.5B | $39.3B | $40.4B | $36.4B | $35.5B | $35.7B | $36.5B | $37.5B | $43.0B |
| Total liabilities | $5.40B | $8.53B | $20.6B | $22.8B | $22.4B | $22.5B | $22.2B | $22.9B | $23.5B | $28.5B |
Every figure is extracted from MPLX LP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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