Company Analysis
Sign in

Mplx Lp (MPLX)

NYSE: MPLX · Pipe Lines (No Natural Gas) · Findlay, OH · filing with the SEC since 2012
Full chart Alerts Compare
Grade5.7
◀ Past 5.7● Present 6.0▶ Future 5.3
2 est.
OverviewBusinessFinancialsGradeForecastSentimentOwnershipPeopleFilingsPatents Chart

The grade of Mplx Lp

Nine metrics read from its own filings, by tense
Headline grade
5.7/10
◀ Past5.730% of the headline
● Present6.040% of the headline
▶ Future5.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.7/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
5.8/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 58th percentile among 6 sector filers · read for itself

From the record

Mplx Lp's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.5/10

What has it actually done, year after year?

+17.6% a year over 10 filed years; profitable in 9 of 10.

weight 45% of this tense · 65th percentile among 6 sector filers · read for its customers

From the record

Mplx Lp's 10 filed years say what it did: revenue went from $3.0 billion in fiscal 2016 to $13 billion in fiscal 2025, up 17.6% a year; it rose in 7 of 9 years; the deepest fall was 16% from fiscal 2019 to fiscal 2020; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span17.6%top 25% of its family
  • the share of years revenue rosetop 17% of its family
  • the share of filed years with a profitbottom 42% of its family
  • the deepest fall from a revenue peak16.3%top 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
4.2/10

How has it treated the people who own it?

SI estimate 4.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 42nd percentile among 6 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 42% of 6 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 6 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Mplx Lp's shareholder treatment is put at 4.2 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 42% of 6 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

6.0/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

SI estimate
5.0/10

Is it financially healthy right now?

SI estimate 5.0/10, confidence 15 of 100 (universe median).

weight 33% of this tense · 50th percentile among 5056 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
No balance sheet on file, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 5056 companies with one.
What the record cannot read
No balance sheet on file.
How it was reasoned
universe median, 5056 readings behind it.
Confidence
15 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Mplx Lp's financial health is put at 5.0 of 10 with a confidence of 15 of 100, because no balance sheet on file, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 5056 companies with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
7.9/10

How strong is its position in its industry?

top 21% of 6 in its family; net margin 38.1%.

weight 45% of this tense · 79th percentile among 6 sector filers · read for its customers

From the record

Mplx Lp's standing among 6 graded names in its industry family: revenue of $13 billion in fiscal 2025 ranks in the top 30% by size; a net margin of 38.1% ranks in the top 8%; revenue growth of 3.8% a year over the last 3 filed years ranks in the top 25% (its annual reports).

What it rests on

  • revenue against the family$13.00Btop 30% of its family
  • net margin38.1%top 8% of its family
  • three-year revenue growth3.8%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.5/10

What are the people in charge doing?

bottom 35% of 4 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 35th percentile among 4 sector filers · read for its shareholders

From the record

Mplx Lp's leadership, from its insiders' filings and its current reports: the chief executive on the record is Mannen, Maryann T. (Chairman, President & CEO, as filed), filing under that title since 2025-03-04, 1.7 years (top 50% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 5.8 years (bottom 17%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (bottom 38%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 17 peoplebottom 38% of its family
  • the median years the people in charge have filed5.8 yearsbottom 17% of its family
  • the chief executive's years on the record1.7 yearstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.8/10

How much room does it have to grow?

top 42% of 6 in its family for room to expand.

weight 22% of this tense · 58th percentile among 6 sector filers · read for itself

From the record

Mplx Lp's room to grow, from the newest filed statements (fiscal 2025): cash of $2.1 billion against debt of $24 billion leaves -51.2% of its assets as net cash, bottom 42% of its family; cash from operations less capital spending is 31.6% of revenue (top 25%) (its annual report).

What it rests on

  • cash less debt against assets-51.2%bottom 42% of its family
  • cash from operations less capital spending against revenue31.6%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.8/10

What could actually drive growth from here?

top 42% of 6 in its family for growth drivers.

weight 45% of this tense · 58th percentile among 6 sector filers · read for its customers

From the record

Mplx Lp's growth drivers, from the filed years to fiscal 2025: revenue grew 3.8% a year over the last three filed years against 17.6% over all 10, slowing (bottom 25% of its family); the newest year grew 8.9% (top 25%); capital spending grew 30.9% a year (top 25%) (its annual reports). Mplx Lp reported 2 lines of business in fiscal 2025: Crude Oil and Products Logistics at $6.6 billion, Natural Gas and NGL Services at $6.4 billion. 2 of 2 grew in the latest filed year, and the largest line is 51% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-13.7 points a yearbottom 25% of its family
  • the newest year's revenue growth8.9%top 25% of its family
  • three-year growth of capital spending30.9%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.3/10

Did its newest year beat what its own record pointed to?

bottom 43% of 5 in its family for expectations against reality.

weight 33% of this tense · 43rd percentile among 5 sector filers · read for its shareholders

From the record

Mplx Lp's newest year against its own record: revenue of $13 billion in fiscal 2025 came in 7.5% above the $12 billion its prior three years' pace pointed to (bottom 10% of its family); net income of $5.0 billion against a prior three-year average of $4.1 billion (top 50%); a net margin of 38.1% against 35.3% before (top 30%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace7.5%bottom 10% of its family
  • net income against the prior three years' average+21%top 50% of its family
  • net margin against its prior average+2.8 pointstop 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MPLX · research, not advice