Mplx LP (MPLXP) — SEC Filings

Q: What are the key financial highlights for Mplx LP?

Key financial highlights for Mplx LP are extracted from the most recent 10-K or 10-Q filings, including revenue, net income, EPS, debt-to-equity, cash position, and operating margin.

Q: Who are the key executives at Mplx LP?

Key executives at Mplx LP are identified from SEC filings including 10-K annual reports, proxy statements, and insider trade forms.

Q: What are the main risk factors for Mplx LP stock?

Risk factors for Mplx LP (MPLXP) are assessed from SEC filings using AI analysis. Each filing is categorized as high, medium, or low risk based on disclosed risk factors and financial indicators.

Q: What are recent predictions and forward guidance from Mplx LP?

Forward-looking statements and predictions from Mplx LP are extracted from SEC filings including earnings reports, annual reports, and current event filings.

Latest SEC filings for Mplx LP. Recent 8-K filing on Dec 18, 2025. AI-decoded analysis of earnings, risk factors, and insider trades.

View Mplx LP on SEC EDGAR

Overview

Mplx LP (MPLXP) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-Q filed on Nov 4, 2025: MPLX LP reported a significant increase in net income attributable to MPLX LP, reaching $1,545 million for the three months ended September 30, 2025, up from $1,037 million in the prior year, representing a 49% increase. Total revenues and other income surged to $3,619 million for the quarter, compa

Sentiment Summary

Across 19 filings, the sentiment breakdown is: 2 bullish, 17 neutral. The dominant filing sentiment for Mplx LP is neutral.

Filing Type Overview

Mplx LP (MPLXP) has filed 9 8-K, 6 10-Q, 2 10-K, 1 SC 13D/A, 1 SC 13G/A with the SEC between Jan 2024 to Dec 2025.

Filings by Year

2025 · 2024

Recent Filings (19)

8-K Filing — 8-K · Dec 18, 2025
MPLX Q3 Net Income Jumps 49% on Strategic Permian Acquisition — 10-Q · Nov 4, 2025 Risk: medium
MPLX LP reported a significant increase in net income attributable to MPLX LP, reaching $1,545 million for the three months ended September 30, 2025, up from $1
MPLX LP Reports Director Changes and Compensation Updates — 8-K · Aug 25, 2025 Risk: medium
MPLX LP filed an 8-K on August 25, 2025, reporting changes in its board of directors and executive compensation arrangements. The filing indicates a departure o
MPLX LP Files 8-K Report — 8-K · Aug 11, 2025 Risk: low
On August 11, 2025, MPLX LP filed an 8-K report. The filing primarily concerns "Other Events" and "Financial Statements and Exhibits," indicating updates or dis
MPLX LP Posts Strong Q2 Earnings, Revenue Jumps 16% — 10-Q · Aug 5, 2025 Risk: low
MPLX LP reported a robust second quarter for 2025, with total revenue from contracts with customers reaching $2.9 billion for the three months ended June 30, 20
MPLX LP Files Q1 2025 10-Q — 10-Q · May 6, 2025 Risk: low
MPLX LP filed its 10-Q for the period ending March 31, 2025. The filing details financial performance and operational updates for the first quarter of 2025. Key
MPLX LP Files 8-K: Other Events & Exhibits — 8-K · Mar 10, 2025 Risk: low
MPLX LP filed an 8-K on March 10, 2025, reporting events that occurred on March 3, 2025. The filing includes information on other events and financial statement
10-K Filing — 10-K · Feb 27, 2025
MPLX LP Files 8-K on Operations and Financials — 8-K · Feb 4, 2025 Risk: low
On February 4, 2025, MPLX LP filed an 8-K report to disclose information regarding its results of operations and financial condition, as well as financial state
MPLX LP Announces Executive and Board Changes — 8-K · Jan 28, 2025 Risk: low
MPLX LP announced on January 22, 2025, changes in its executive team and board of directors. Specifically, Gregory L. Smith has been appointed as Chief Financia
MPLX LP Files Q3 2024 10-Q — 10-Q · Nov 5, 2024 Risk: medium
MPLX LP filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter of 2024.
MPLX LP Q2 2024 10-Q Filing Released — 10-Q · Aug 6, 2024 Risk: medium
MPLX LP filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key
MPLX LP Files 8-K Reporting Other Events — 8-K · May 20, 2024 Risk: low
MPLX LP filed an 8-K on May 20, 2024, reporting other events and financial statements. The filing does not contain specific details on new transactions or finan
MPLX LP Reports Board Changes and Officer Appointments — 8-K · May 13, 2024 Risk: low
MPLX LP announced on May 11, 2024, changes related to its board of directors and officers, including the departure of certain individuals and the election of ne
MPC Amends MPLX LP Stake Filing — SC 13D/A · May 10, 2024 Risk: medium
Marathon Petroleum Corp. (MPC) filed an amendment (No. 17) to its Schedule 13D on May 10, 2024, regarding its holdings in MPLX LP. The filing indicates that MPC
MPLX LP Files 10-Q for Quarter Ended March 31, 2024 — 10-Q · Apr 30, 2024 Risk:
MPLX LP (MPLXP) filed a Quarterly Report (10-Q) with the SEC on April 30, 2024. MPLX LP reported financial results for the quarter ended March 31, 2024. The fil
MPLX LP Files 2023 Annual Report on Form 10-K — 10-K · Feb 28, 2024 Risk: medium
MPLX LP (MPLXP) filed a Annual Report (10-K) with the SEC on February 28, 2024. MPLX LP reported its 2023 fiscal year results on February 28, 2024. The filing c
Blackstone Inc. Reports 2.2% Stake in MPLX LP as of Dec 31, 2023 — SC 13G/A · Feb 9, 2024 Risk: low
Blackstone Inc. has updated its ownership in MPLX LP, a pipeline company, through an SC 13G/A filing on February 9, 2024. As of December 31, 2023, Blackstone In
MPLX LP Files 8-K on Financial Results & Condition — 8-K · Jan 30, 2024
MPLX LP filed an 8-K on January 30, 2024, to report its financial results and condition, specifically under Item 2.02, "Results of Operations and Financial Cond

Risk Profile

Risk Assessment: Of MPLXP's 15 recent filings, 0 were flagged as high-risk, 6 as medium-risk, and 9 as low-risk. The overall risk profile suggests relatively low risk with generally favorable filings.

Financial Highlights

Key financial metrics from Mplx LP's most recent 10-Q filing (Nov 4, 2025):

Revenue: $3,619 million
Net Income: $1,545 million
EPS: $1.52
Operating Margin: 49.8%

Key Executives

Gregory L. Smith
Michael J. Cosgrove
Stephen A. Schwarzman

Industry Context

The midstream energy sector is characterized by large-scale infrastructure investments and a focus on fee-based revenues. MPLX operates within this landscape, competing on asset location, operational efficiency, and strategic acquisitions. Industry trends include consolidation, the increasing importance of natural gas and NGL infrastructure, and a growing focus on logistics for refined products and renewables.

Top Tags

8-K (4) · 10-Q (4) · financials (3) · energy (3) · Energy Infrastructure (2) · MLP (2) · Midstream Energy (2) · transportation (2) · sec-filing (2) · MPLX LP (2)

Key Numbers

Diluted Net Income Per Limited Partner Unit: $1.52 — Increased from $1.01 in Q3 2024, reflecting strong earnings growth.
Net Income Attributable to MPLX LP: $1,545 million — Increased by 49% from $1,037 million in Q3 2024.
Total Revenues and Other Income: $3,619 million — Increased from $2,972 million in Q3 2024, indicating robust top-line growth.
Northwind Midstream Acquisition Cost: $2.4 billion — Strategic investment to enhance Permian natural gas and NGL value chain.
Rockies Divestiture Price: $1.0 billion — Expected cash proceeds from the sale of Rockies gathering and processing operations.
Net Cash Provided by Operating Activities (9M): $4,413 million — Increased from $4,271 million in the prior year, demonstrating strong operational cash generation.
Net Cash Used in Investing Activities (9M): $4,934 million — Significantly increased from $1,646 million in the prior year, primarily due to the Northwind acquisition.
Goodwill Recognized from Northwind Acquisition: $356 million — Represents accelerated growth opportunities in the Permian basin.
Common Units Outstanding: 1,017,065,152 — As of October 31, 2025, indicating the total ownership units.
Estimated Gain on Rockies Divestiture: $150 million — Expected upon closing of the transaction in Q4 2025.
Q2 2025 Revenue: $2.9B — Increased from $2.5B in Q2 2024, showing 16% growth.
Q2 2025 Net Income: $950M — Up from $880M in Q2 2024, an 8% increase.
YTD 2025 Revenue: $5.7B — Increased from $5.0B in YTD 2024, demonstrating strong half-year performance.
YTD 2025 Net Income: $1.85B — Grew from $1.7B in YTD 2024, indicating sustained profitability.
Q2 2025 Non-Related Party Revenue: $1.9B — Highlights diversified customer base and market strength.

Forward-Looking Statements

{"claim":"Blackstone Inc. will maintain a significant, but non-controlling, stake in MPLX LP.","entity":"Blackstone Inc.","targetDate":"December 31, 2024","confidence":"medium"}
{"claim":"MPLX LP's stock price will not experience significant volatility solely due to this filing.","entity":"MPLX LP","targetDate":"March 31, 2024","confidence":"high"}

Related Companies

MPLX · MPC · HESM · ET · KMI

Frequently Asked Questions

What are the latest SEC filings for Mplx LP (MPLXP)?

Mplx LP has 19 recent SEC filings from Jan 2024 to Dec 2025, including 9 8-K, 6 10-Q, 2 10-K. Each filing includes an AI-generated plain-English summary.

What is the overall sentiment of MPLXP filings?

Across 19 filings, the sentiment breakdown is: 2 bullish, 17 neutral. The dominant sentiment is neutral.

Where can I find Mplx LP SEC filings explained simply?

ReadTheFiling provides AI-powered plain-English summaries of all Mplx LP (MPLXP) SEC filings, including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and insider trades.

What are the key financial highlights for Mplx LP?

Key financial highlights from Mplx LP's most recent 10-Q include metrics such as revenue, net income, EPS, and debt ratios. Visit the filing detail page for the full breakdown.

What is the investment thesis for MPLXP?

The investment thesis for MPLXP includes bull, base, and bear case scenarios derived from AI analysis of recent SEC filings.

Who are the key executives at Mplx LP?

Key executives identified across Mplx LP's filings include Gregory L. Smith, Michael J. Cosgrove, Stephen A. Schwarzman.

What are the main risk factors for Mplx LP stock?

Of MPLXP's 15 assessed filings, 0 were flagged high-risk, 6 medium-risk, and 9 low-risk.

What are recent predictions and forward guidance from Mplx LP?

Recent forward-looking statements from Mplx LP include guidance on {"claim":"Blackstone Inc. will maintain a significant, but non-controlling, stake in MPLX LP.","entity":"Blackstone Inc. and 1 other predictions.