MPLX Lp

MPLXNYSEEnergy● Active

$56.53

+$0.05(+0.09%)

Market Cap$57.4B

P/E Ratio—

52W High$59.98

52W Low$47.8

Avg Volume2.0M

Open$56.43

Beta0.46

Free Cash Flow Financials Revenue

MPLX Lp (MPLX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MPLX · free cash flow · updated Jun 8, 2026

Core FCF metrics

MPLX · FCF · TTM · margin & CAGR

Free cash flow was $4.10B for FY2025 (fiscal year ending 2025-12-31), down 16.1% year-over-year The FCF margin was 34.7%. Five-year CAGR stands at +4.2%.

FY2025 Free Cash Flow$4.10B▼ -16.1% YoY

Trailing 12M (TTM)$4.99Btrailing 4 quarters sum

FCF Margin34.7%$4.10B ÷ revenue

3-Year CAGR-0.9%FY2022 → FY2025

5-Year CAGR+4.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MPLX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$5.91B(1.81B)$4.10B▼ 16.1%34.7%

FY2024$5.95B(1.06B)$4.89B▲ +9.6%44.9%

FY2023$5.40B(937M)$4.46B▲ +5.9%42.7%

FY2022$5.02B(806M)$4.21B▼ 3.9%40.0%

FY2021$4.91B(529M)$4.38B▲ +31.3%45.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MPLX · P/FCF · FCF yield · FCF per share

MPLX Lp (MPLX) trades at a FCF yield of 8.71% and a price-to-free-cash-flow ratio of 11.6x. FCF per share stands at $4.89, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

8.71%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.89

TTM FCF ÷ Shares Outstanding

Price / FCF

x11.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x16.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MPLX · cash flow statement · operating / investing / financing

For FY2025, MPLX Lp generated $5.91B in operating cash flow and spent 1.81B in capital expenditures, yielding $4.10B in free cash flow.

Operating Activities

+$5.91B

Cash from core business operations

2025-12-31

Investing Activities

−$4.86B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$435.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($5.91B) − |CapEx| (1.81B) = FCF ($4.10B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

MPLX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

MPLX LpYOU

MPLX

$4.10B-16.1%34.7%

17%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

MPLX Lp (MPLX) reported free cash flow of $4.10B for FY2025 (fiscal year ending 2025-12-31), down 16.1% year-over-year. The FCF margin was 34.7%.

Based on available data, MPLX Lp has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $4.89B in FY2024. The 5-year CAGR stands at +4.2%.

MPLX Lp's FCF yield is 8.71% and price-to-FCF ratio is 11.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MPLX free cash flow · 8 questions

MPLX Lp free cash flow was $4.10B for FY2025, down 16.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $4.99B.

MPLX free cash flowMPLX FCFMPLX FCF 2025MPLX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · MPLX Lp · MPLX Lp SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026