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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Sales-type lease revenue $ 37 $ 34
Sales-type lease revenue - related parties 115 121
Income from equity method investments 186 157
Total revenues and other income 3,124 2,846
Cost of revenues (excludes items below) 389 371
Purchased product costs 459 369
Purchases - related parties 416 372
Depreciation and amortization [1] 326 317
General and administrative expenses 112 109
Other taxes 33 34
Total costs and expenses 1,758 1,595
Income from operations 1,366 1,251
Net interest and other financial costs 229 235
Income before income taxes 1,137 1,016
Provision for income taxes 1 1
Net income 1,136 1,015
Less: Net income attributable to noncontrolling interests 10 10
Net income attributable to MPLX LP [2] 1,126 1,005
Dividends, Preferred Stock 0 10
Limited partners' interest in net income attributable to MPLX LP $ 1,126 $ 995
Net income attributable to MPLX LP per limited partner unit:    
Common - basic $ 1.10 $ 0.98
Common - diluted $ 1.10 $ 0.98
Weighted average limited partner units outstanding:    
Common - basic 1,020 1,008
Common - diluted 1,020 1,008
Nonrelated Party [Member]    
Rental income $ 64 $ 60
Other Income 10 45
Rental cost of sales 19 19
Related Party [Member]    
Rental income 211 217
Other Income 41 40
Rental cost of sales 4 4
Service [Member]    
Revenue from Contract with Customer, Excluding Assessed Tax - Third parties 707 658
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties 1,066 986
Service, Other [Member]    
Revenue from Contract with Customer, Excluding Assessed Tax - Third parties 99 95
Product [Member]    
Revenue from Contract with Customer, Excluding Assessed Tax - Third parties 513 370
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties $ 75 $ 63
[1] Depreciation and amortization attributable to Crude Oil and Products Logistics was $133 million and $130 million for the three months ended March 31, 2025 and March 31, 2024, respectively. Depreciation and amortization attributable to Natural Gas and NGL Services was $193 million and $187 million for the three months ended March 31, 2025 and March 31, 2024, respectively.
[2] Allocation of net income attributable to MPLX LP assumes all earnings for the period have been distributed based on the distribution priorities applicable to the period.