MPLX LP(NYSE:MPLX) 
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transpo...
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 |
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revenues and other income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
service revenue | 711,000,000 | 746,000,000 | 750,000,000 | 696,000,000 | 707,000,000 | 720,000,000 | 709,000,000 | 683,000,000 | 658,000,000 | 658,000,000 | 641,000,000 | 635,000,000 | 605,000,000 | 601,000,000 | 627,000,000 | 577,000,000 | 554,000,000 | 546,000,000 | 600,000,000 | 578,000,000 | 589,000,000 | 618,000,000 | 604,000,000 | 563,000,000 | 612,000,000 | 633,000,000 | 632,000,000 | 448,000,000 | 438,000,000 | 456,000,000 | 456,000,000 | 410,000,000 | 382,000,000 | 311,000,000 | 299,000,000 | 286,000,000 | 260,000,000 | 246,000,000 | 250,000,000 | 233,000,000 | 229,000,000 | ||||||||||||||
service revenue - related parties | 1,090,000,000 | 1,140,000,000 | 1,094,000,000 | 1,093,000,000 | 1,066,000,000 | 1,078,000,000 | 1,066,000,000 | 1,050,000,000 | 986,000,000 | 1,023,000,000 | 1,038,000,000 | 971,000,000 | 953,000,000 | 953,000,000 | 948,000,000 | 938,000,000 | 915,000,000 | 947,000,000 | 902,000,000 | 907,000,000 | 872,000,000 | 886,000,000 | 909,000,000 | 857,000,000 | 928,000,000 | 906,000,000 | 899,000,000 | 620,000,000 | 578,000,000 | 571,000,000 | 568,000,000 | 549,000,000 | 471,000,000 | 281,000,000 | 276,000,000 | 270,000,000 | 255,000,000 | 155,000,000 | 153,000,000 | 145,000,000 | 150,000,000 | ||||||||||||||
service revenue - product related | 4,000,000 | 56,000,000 | 64,000,000 | 70,000,000 | 99,000,000 | 92,000,000 | 86,000,000 | 84,000,000 | 95,000,000 | 80,000,000 | 75,000,000 | 60,000,000 | 79,000,000 | 70,000,000 | 83,000,000 | 118,000,000 | 123,000,000 | 110,000,000 | 82,000,000 | 76,000,000 | 77,000,000 | 53,000,000 | 41,000,000 | 22,000,000 | 39,000,000 | 54,000,000 | 26,000,000 | 26,000,000 | 34,000,000 | 44,000,000 | 59,000,000 | 51,000,000 | 44,000,000 | ||||||||||||||||||||||
rental income | 65,000,000 | 64,000,000 | 68,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 63,000,000 | 64,000,000 | 60,000,000 | 62,000,000 | 61,000,000 | 59,000,000 | 61,000,000 | 59,000,000 | 75,000,000 | 102,000,000 | 91,000,000 | 90,000,000 | 88,000,000 | 99,000,000 | 99,000,000 | 102,000,000 | 102,000,000 | 98,000,000 | 96,000,000 | 97,000,000 | 99,000,000 | 90,000,000 | 94,000,000 | 97,000,000 | 89,000,000 | 84,000,000 | 79,000,000 | 69,000,000 | 69,000,000 | 70,000,000 | 69,000,000 | 80,000,000 | 77,000,000 | 71,000,000 | 70,000,000 | ||||||||||||||
rental income - related parties | 242,000,000 | 234,000,000 | 228,000,000 | 216,000,000 | 211,000,000 | 209,000,000 | 216,000,000 | 211,000,000 | 217,000,000 | 210,000,000 | 207,000,000 | 203,000,000 | 202,000,000 | 199,000,000 | 201,000,000 | 198,000,000 | 165,000,000 | 169,000,000 | 164,000,000 | 168,000,000 | 242,000,000 | 240,000,000 | 241,000,000 | 237,000,000 | 234,000,000 | 292,000,000 | 293,000,000 | 158,000,000 | 193,000,000 | 193,000,000 | 190,000,000 | 190,000,000 | 145,000,000 | 72,000,000 | 70,000,000 | 70,000,000 | 67,000,000 | 30,000,000 | 29,000,000 | 29,000,000 | 26,000,000 | ||||||||||||||
product sales | 476,000,000 | 492,000,000 | 525,000,000 | 472,000,000 | 513,000,000 | 466,000,000 | 433,000,000 | 388,000,000 | 370,000,000 | 391,000,000 | 478,000,000 | 376,000,000 | 420,000,000 | 407,000,000 | 617,000,000 | 698,000,000 | 497,000,000 | 556,000,000 | 448,000,000 | 304,000,000 | 282,000,000 | 182,000,000 | 165,000,000 | 120,000,000 | 169,000,000 | 230,000,000 | 171,000,000 | 168,000,000 | 202,000,000 | 250,000,000 | 239,000,000 | 206,000,000 | 207,000,000 | 278,000,000 | 217,000,000 | 191,000,000 | 203,000,000 | 178,000,000 | 157,000,000 | 137,000,000 | 100,000,000 | ||||||||||||||
product sales - related parties | 68,000,000 | 17,000,000 | 26,000,000 | 25,000,000 | 75,000,000 | 61,000,000 | 51,000,000 | 50,000,000 | 63,000,000 | 95,000,000 | 51,000,000 | 34,000,000 | 70,000,000 | 56,000,000 | 46,000,000 | 51,000,000 | 45,000,000 | 46,000,000 | 26,000,000 | 31,000,000 | 42,000,000 | 28,000,000 | 37,000,000 | 30,000,000 | 33,000,000 | 33,000,000 | 32,000,000 | 14,000,000 | 11,000,000 | 14,000,000 | 18,000,000 | 13,000,000 | 4,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | ||||||||||||||
sales-type lease revenue | 48,000,000 | 41,000,000 | 37,000,000 | 36,000,000 | 37,000,000 | 34,000,000 | 34,000,000 | 34,000,000 | 34,000,000 | 35,000,000 | 34,000,000 | 33,000,000 | 34,000,000 | 34,000,000 | 28,000,000 | ||||||||||||||||||||||||||||||||||||||||
sales-type lease revenue - related parties | 102,000,000 | 104,000,000 | 113,000,000 | 116,000,000 | 115,000,000 | 116,000,000 | 118,000,000 | 120,000,000 | 121,000,000 | 121,000,000 | 129,000,000 | 125,000,000 | 125,000,000 | 122,000,000 | 118,000,000 | 114,000,000 | 111,000,000 | 130,000,000 | 132,000,000 | 136,000,000 | |||||||||||||||||||||||||||||||||||
income from equity method investments | 182,000,000 | 155,000,000 | 186,000,000 | 170,000,000 | 186,000,000 | 171,000,000 | 149,000,000 | 325,000,000 | 157,000,000 | 162,000,000 | 159,000,000 | 145,000,000 | 134,000,000 | 141,000,000 | 125,000,000 | 111,000,000 | 99,000,000 | 93,000,000 | 92,000,000 | 66,000,000 | 70,000,000 | 89,000,000 | 35,000,000 | 95,000,000 | 73,000,000 | 70,000,000 | 43,750,000 | 64,000,000 | 50,000,000 | 61,000,000 | 49,000,000 | 23,000,000 | 1,000,000 | 5,000,000 | -2,000,000 | 6,000,000 | 5,000,000 | ||||||||||||||||||
other income | 7,000,000 | 160,000,000 | 4,000,000 | 5,000,000 | 10,000,000 | 12,000,000 | 7,000,000 | 6,000,000 | 45,000,000 | 98,000,000 | 7,000,000 | 18,000,000 | 3,000,000 | -9,000,000 | 505,000,000 | 6,000,000 | -17,000,000 | 19,000,000 | -2,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 6,000,000 | 2,000,000 | 5,000,000 | -1,000,000 | 3,000,000 | 1,000,000 | 4,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 3,800,000 | 1,400,000 | 1,400,000 | 1,400,000 | 1,100,000 | 1,500,000 | 1,100,000 | 1,500,000 | 1,300,000 | 1,000,000 | 900,000 | 1,200,000 | 1,900,000 | 1,700,000 | ||
other income - related parties | 43,000,000 | 43,000,000 | 40,000,000 | 40,000,000 | 41,000,000 | 40,000,000 | 40,000,000 | 37,000,000 | 40,000,000 | 31,000,000 | 32,000,000 | 31,000,000 | 27,000,000 | 29,000,000 | 28,000,000 | 27,000,000 | 27,000,000 | 28,000,000 | 27,000,000 | 27,000,000 | 65,000,000 | 64,000,000 | 63,000,000 | 63,000,000 | 64,000,000 | 30,000,000 | 31,000,000 | 27,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 24,000,000 | 23,000,000 | 23,000,000 | 22,000,000 | 25,000,000 | 22,000,000 | 23,000,000 | 26,000,000 | 28,000,000 | 24,000,000 | 8,200,000 | 6,300,000 | 6,400,000 | 6,100,000 | 6,100,000 | 5,800,000 | 6,000,000 | 5,100,000 | 5,400,000 | 4,600,000 | 5,200,000 | 3,600,000 | 3,500,000 | 3,200,000 |
total revenues and other income | 3,038,000,000 | 3,252,000,000 | 3,619,000,000 | 3,003,000,000 | 3,124,000,000 | 3,063,000,000 | 2,972,000,000 | 3,052,000,000 | 2,846,000,000 | 2,966,000,000 | 2,912,000,000 | 2,690,000,000 | 2,713,000,000 | 2,662,000,000 | 3,401,000,000 | 2,940,000,000 | 2,610,000,000 | 2,734,000,000 | 2,559,000,000 | 2,395,000,000 | 2,339,000,000 | 2,249,000,000 | 2,247,000,000 | 2,081,000,000 | 992,000,000 | 2,316,000,000 | 2,280,000,000 | 1,629,000,000 | 1,646,000,000 | 1,715,000,000 | 1,712,000,000 | 1,578,000,000 | 1,420,000,000 | 1,085,000,000 | 980,000,000 | 916,000,000 | 886,000,000 | 714,000,000 | 703,000,000 | 564,000,000 | 609,000,000 | 269,300,000 | 148,600,000 | 147,600,000 | 137,500,000 | 139,100,000 | 138,000,000 | 133,900,000 | 137,300,000 | 125,600,000 | 123,800,000 | 122,200,000 | 114,700,000 | 128,300,000 | 121,100,000 |
costs and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenues | 402,000,000 | 408,000,000 | 395,000,000 | 369,000,000 | 389,000,000 | 401,000,000 | 404,000,000 | 384,000,000 | 371,000,000 | 378,000,000 | 367,000,000 | 348,000,000 | 308,000,000 | 388,000,000 | 371,000,000 | 323,000,000 | 287,000,000 | 320,000,000 | 298,000,000 | 293,000,000 | 273,000,000 | 320,000,000 | 323,000,000 | 315,000,000 | 368,000,000 | 390,000,000 | 407,000,000 | 233,000,000 | 210,000,000 | 268,000,000 | 241,000,000 | 233,000,000 | 206,000,000 | 147,000,000 | 129,000,000 | 139,000,000 | 113,000,000 | 91,000,000 | 90,000,000 | 84,000,000 | 89,000,000 | 70,600,000 | 41,900,000 | 31,700,000 | 27,800,000 | 42,400,000 | 40,600,000 | 35,700,000 | 26,600,000 | 36,700,000 | 33,100,000 | 35,600,000 | 30,500,000 | 37,800,000 | 53,500,000 |
purchased product costs | 498,000,000 | 431,000,000 | 493,000,000 | 432,000,000 | 459,000,000 | 413,000,000 | 403,000,000 | 376,000,000 | 369,000,000 | 364,000,000 | 474,000,000 | 354,000,000 | 406,000,000 | 393,000,000 | 540,000,000 | 663,000,000 | 467,000,000 | 550,000,000 | 421,000,000 | 338,000,000 | 276,000,000 | 165,000,000 | 152,000,000 | 87,000,000 | 135,000,000 | 197,000,000 | 129,000,000 | 166,000,000 | 194,000,000 | 213,000,000 | 241,000,000 | 204,000,000 | 187,000,000 | 210,000,000 | 170,000,000 | 140,000,000 | 131,000,000 | 138,000,000 | 117,000,000 | 114,000,000 | 79,000,000 | ||||||||||||||
rental cost of sales | 18,000,000 | 19,000,000 | 22,000,000 | 20,000,000 | 19,000,000 | 21,000,000 | 22,000,000 | 20,000,000 | 19,000,000 | 22,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 22,000,000 | 22,000,000 | 42,000,000 | 37,000,000 | 39,000,000 | 33,000,000 | 32,000,000 | 32,000,000 | 34,000,000 | 33,000,000 | 33,000,000 | 35,000,000 | 38,000,000 | 37,000,000 | 28,000,000 | 37,000,000 | 41,000,000 | 32,000,000 | 33,000,000 | 29,000,000 | 18,000,000 | 19,000,000 | 13,000,000 | 12,000,000 | 14,000,000 | 11,000,000 | 14,000,000 | 14,000,000 | ||||||||||||||
rental cost of sales - related parties | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 5,000,000 | 4,000,000 | 9,000,000 | 8,000,000 | 9,000,000 | 7,000,000 | 10,000,000 | 10,000,000 | 19,000,000 | 15,000,000 | 23,000,000 | 24,000,000 | 23,000,000 | 39,000,000 | 41,000,000 | 32,000,000 | 41,000,000 | 46,000,000 | 41,000,000 | 45,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||
purchases - related parties | 394,000,000 | 415,000,000 | 396,000,000 | 422,000,000 | 416,000,000 | 421,000,000 | 402,000,000 | 388,000,000 | 372,000,000 | 384,000,000 | 442,000,000 | 357,000,000 | 361,000,000 | 379,000,000 | 364,000,000 | 351,000,000 | 319,000,000 | 317,000,000 | 307,000,000 | 297,000,000 | 298,000,000 | 263,000,000 | 297,000,000 | 280,000,000 | 276,000,000 | 337,000,000 | 303,000,000 | 239,000,000 | 212,000,000 | 232,000,000 | 228,000,000 | 223,000,000 | 177,000,000 | 125,000,000 | 114,000,000 | 109,000,000 | 107,000,000 | 78,000,000 | 84,000,000 | 78,000,000 | 76,000,000 | ||||||||||||||
depreciation and amortization | 358,000,000 | 355,000,000 | 346,000,000 | 324,000,000 | 326,000,000 | 324,000,000 | 322,000,000 | 320,000,000 | 317,000,000 | 306,000,000 | 301,000,000 | 310,000,000 | 296,000,000 | 305,000,000 | 302,000,000 | 310,000,000 | 313,000,000 | 316,000,000 | 324,000,000 | 318,000,000 | 329,000,000 | 385,000,000 | 346,000,000 | 321,000,000 | 325,000,000 | 338,000,000 | 302,000,000 | 214,000,000 | 211,000,000 | 201,000,000 | 201,000,000 | 188,000,000 | 176,000,000 | 168,000,000 | 164,000,000 | 164,000,000 | 187,000,000 | 139,000,000 | 138,000,000 | 137,000,000 | 132,000,000 | ||||||||||||||
general and administrative expenses | 114,000,000 | 101,000,000 | 126,000,000 | 107,000,000 | 112,000,000 | 104,000,000 | 107,000,000 | 107,000,000 | 109,000,000 | 99,000,000 | 102,000,000 | 89,000,000 | 89,000,000 | 87,000,000 | 88,000,000 | 82,000,000 | 78,000,000 | 86,000,000 | 94,000,000 | 87,000,000 | 86,000,000 | 89,000,000 | 96,000,000 | 96,000,000 | 97,000,000 | 95,000,000 | 102,000,000 | 69,000,000 | 82,000,000 | 74,000,000 | 76,000,000 | 72,000,000 | 69,000,000 | 67,000,000 | 59,000,000 | 57,000,000 | 58,000,000 | 46,000,000 | 46,000,000 | 49,000,000 | 52,000,000 | 46,300,000 | 21,100,000 | 17,900,000 | 18,700,000 | 17,700,000 | 15,300,000 | 15,900,000 | 15,900,000 | 13,300,000 | 13,000,000 | 13,900,000 | 13,500,000 | 11,700,000 | 11,200,000 |
other taxes | 36,000,000 | 36,000,000 | 36,000,000 | 32,000,000 | 33,000,000 | 32,000,000 | 32,000,000 | 33,000,000 | 34,000,000 | 29,000,000 | 44,000,000 | 28,000,000 | 30,000,000 | 18,000,000 | 30,000,000 | 33,000,000 | 34,000,000 | 27,000,000 | 27,000,000 | 34,000,000 | 32,000,000 | 31,000,000 | 33,000,000 | 30,000,000 | 31,000,000 | 29,000,000 | 29,000,000 | 19,000,000 | 19,000,000 | 17,000,000 | 20,000,000 | 17,000,000 | 18,000,000 | 14,000,000 | 14,000,000 | 13,000,000 | 13,000,000 | 11,000,000 | 10,000,000 | 11,000,000 | 11,000,000 | 4,500,000 | -700,000 | 3,000,000 | 3,200,000 | 1,700,000 | 1,700,000 | 1,900,000 | 1,900,000 | 1,300,000 | 1,400,000 | 1,800,000 | 1,700,000 | 1,600,000 | 3,000,000 |
total costs and expenses | 1,824,000,000 | 1,769,000,000 | 1,818,000,000 | 1,710,000,000 | 1,758,000,000 | 1,720,000,000 | 1,697,000,000 | 1,633,000,000 | 1,595,000,000 | 1,591,000,000 | 1,758,000,000 | 1,515,000,000 | 1,517,000,000 | 1,602,000,000 | 1,727,000,000 | 1,823,000,000 | 1,550,000,000 | 1,678,000,000 | 1,528,000,000 | 1,464,000,000 | 1,365,000,000 | 1,329,000,000 | 1,348,000,000 | 1,203,000,000 | 3,478,000,000 | 2,662,000,000 | 1,354,000,000 | 970,000,000 | 968,000,000 | 1,049,000,000 | 1,040,000,000 | 970,000,000 | 863,000,000 | 750,000,000 | 669,000,000 | 636,000,000 | 621,000,000 | 517,000,000 | 496,000,000 | 488,000,000 | 582,000,000 | 219,200,000 | 101,500,000 | 90,000,000 | 86,300,000 | 100,600,000 | 93,800,000 | 89,600,000 | 81,000,000 | 89,100,000 | 84,000,000 | 87,000,000 | 79,200,000 | 85,800,000 | 84,800,000 |
income from operations | 1,214,000,000 | 1,483,000,000 | 1,801,000,000 | 1,293,000,000 | 1,366,000,000 | 1,343,000,000 | 1,275,000,000 | 1,419,000,000 | 1,251,000,000 | 1,375,000,000 | 1,154,000,000 | 1,175,000,000 | 1,196,000,000 | 1,060,000,000 | 1,674,000,000 | 1,117,000,000 | 1,060,000,000 | 1,056,000,000 | 1,031,000,000 | 931,000,000 | 974,000,000 | 878,000,000 | -346,000,000 | 926,000,000 | 659,000,000 | 678,000,000 | 666,000,000 | 672,000,000 | 608,000,000 | 557,000,000 | 335,000,000 | 311,000,000 | 280,000,000 | 265,000,000 | 197,000,000 | 207,000,000 | 76,000,000 | 27,000,000 | 50,100,000 | 47,100,000 | 57,600,000 | 51,200,000 | 38,500,000 | 44,200,000 | 44,300,000 | 56,300,000 | 36,500,000 | 39,800,000 | 35,200,000 | 35,500,000 | 42,500,000 | 36,300,000 | |||
yoy | -11.13% | 10.42% | 41.25% | -8.88% | 9.19% | -2.33% | 10.49% | 20.77% | 4.60% | 29.72% | -31.06% | 5.19% | 12.83% | 0.38% | 62.37% | 19.98% | 8.83% | 6.04% | 33.23% | -151.95% | 37.80% | 8.39% | 21.72% | 98.81% | 116.08% | 117.14% | 110.19% | 70.05% | 50.24% | 268.42% | 881.48% | 293.21% | 339.49% | 31.94% | -47.27% | 30.13% | 6.56% | 30.02% | -9.06% | 5.48% | 11.06% | 25.85% | 58.59% | -14.12% | 9.64% | ||||||||||
qoq | -18.14% | -17.66% | 39.29% | -5.34% | 1.71% | 5.33% | -10.15% | 13.43% | -9.02% | 19.15% | -1.79% | -1.76% | 12.83% | -36.68% | 49.87% | 5.38% | 0.38% | 2.42% | 10.74% | -4.41% | -137.37% | 40.52% | -2.80% | 1.80% | -0.89% | 10.53% | 9.16% | 66.27% | 7.72% | 11.07% | 5.66% | 34.52% | -4.83% | 172.37% | 181.48% | -46.11% | 6.37% | -18.23% | 12.50% | 32.99% | -12.90% | -0.23% | -21.31% | 54.25% | -8.29% | 13.07% | -0.85% | -16.47% | 17.08% | ||||||
net interest and other financial costs | 291,000,000 | 277,000,000 | 243,000,000 | 234,000,000 | 229,000,000 | 229,000,000 | 226,000,000 | 231,000,000 | 235,000,000 | 4,175,000 | 5,200,000 | 6,200,000 | 5,300,000 | 2,300,000 | 1,100,000 | 1,300,000 | 600,000 | ||||||||||||||||||||||||||||||||||||||
income before income taxes | 923,000,000 | 1,206,000,000 | 1,558,000,000 | 1,059,000,000 | 1,137,000,000 | 1,114,000,000 | 1,049,000,000 | 1,188,000,000 | 1,016,000,000 | 1,153,000,000 | 929,000,000 | 942,000,000 | 953,000,000 | 826,000,000 | 1,438,000,000 | 884,000,000 | 838,000,000 | 838,000,000 | 811,000,000 | 715,000,000 | 749,000,000 | 655,000,000 | -575,000,000 | 693,000,000 | 489,000,000 | 507,000,000 | 439,000,000 | 519,000,000 | 457,000,000 | 427,000,000 | 239,000,000 | 218,000,000 | 193,000,000 | 187,000,000 | 132,000,000 | 143,000,000 | 12,000,000 | -41,000,000 | 19,800,000 | 41,900,000 | 51,400,000 | 45,900,000 | 36,200,000 | 43,100,000 | 43,000,000 | 55,700,000 | 36,100,000 | 39,600,000 | 34,900,000 | 35,300,000 | 42,300,000 | 36,800,000 | |||
provision for income taxes | 1,000,000 | 3,000,000 | 3,000,000 | 1,000,000 | 1,000,000 | 5,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 9,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 5,000,000 | 1,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 4,000,000 | -2,000,000 | 1,000,000 | 2,000,000 | -200,000 | -700,000 | 400,000 | |||||||||||||||||||||||||||||
net income | 922,000,000 | 1,203,000,000 | 1,555,000,000 | 1,058,000,000 | 1,136,000,000 | 1,109,000,000 | 1,047,000,000 | 1,186,000,000 | 1,015,000,000 | 1,144,000,000 | 928,000,000 | 942,000,000 | 952,000,000 | 824,000,000 | 1,437,000,000 | 884,000,000 | 833,000,000 | 838,000,000 | 811,000,000 | 715,000,000 | 748,000,000 | 655,000,000 | -573,000,000 | 689,000,000 | 488,000,000 | 509,000,000 | 439,000,000 | 516,000,000 | 456,000,000 | 423,000,000 | 241,000,000 | 217,000,000 | 191,000,000 | 187,000,000 | 132,000,000 | 143,000,000 | 20,000,000 | -37,000,000 | 17,900,000 | 41,800,000 | 51,400,000 | 45,900,000 | 36,400,000 | 43,100,000 | 42,900,000 | 55,700,000 | 36,800,000 | 39,200,000 | 34,800,000 | 35,300,000 | 42,100,000 | 36,900,000 | |||
yoy | -18.84% | 8.48% | 48.52% | -10.79% | 11.92% | -3.06% | 12.82% | 25.90% | 6.62% | 38.83% | -35.42% | 6.56% | 14.29% | -1.67% | 77.19% | 23.64% | 11.36% | 9.16% | 34.22% | -230.52% | 33.53% | 7.02% | 20.33% | 82.16% | 137.79% | 138.74% | 126.20% | 82.58% | 51.75% | 855.00% | -605.41% | 637.43% | 242.11% | -61.09% | -180.61% | -50.82% | -3.02% | 19.81% | -17.59% | -1.09% | 9.95% | 23.28% | 57.79% | -12.59% | 6.23% | ||||||||||
qoq | -23.36% | -22.64% | 46.98% | -6.87% | 2.43% | 5.92% | -11.72% | 16.85% | -11.28% | 23.28% | -1.49% | -1.05% | 15.53% | -42.66% | 62.56% | 6.12% | -0.60% | 3.33% | 13.43% | -4.41% | -183.16% | 41.19% | -4.13% | 15.95% | -14.92% | 13.16% | 7.80% | 75.52% | 11.06% | 13.61% | 2.14% | 41.67% | -7.69% | 615.00% | -154.05% | -306.70% | -57.18% | -18.68% | 11.98% | 26.10% | -15.55% | 0.47% | -22.98% | 51.36% | -6.12% | 12.64% | -1.42% | -16.15% | 14.09% | ||||||
less: net income attributable to noncontrolling interests | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 9,000,000 | 9,000,000 | 8,000,000 | 9,000,000 | 9,000,000 | 8,000,000 | 8,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 7,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 6,000,000 | 6,000,000 | 5,000,000 | 6,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | -1,000,000 | 2,000,000 | 1,000,000 | |||||||||||||||
net income attributable to mplx lp | 912,000,000 | 1,193,000,000 | 1,545,000,000 | 1,048,000,000 | 1,126,000,000 | 1,099,000,000 | 1,037,000,000 | 1,176,000,000 | 1,005,000,000 | 1,134,000,000 | 918,000,000 | 933,000,000 | 943,000,000 | 816,000,000 | 1,428,000,000 | 875,000,000 | 825,000,000 | 830,000,000 | 802,000,000 | 706,000,000 | 739,000,000 | 648,000,000 | -581,000,000 | 629,000,000 | 482,000,000 | 503,000,000 | 434,000,000 | 510,000,000 | 453,000,000 | 421,000,000 | 238,000,000 | 216,000,000 | 190,000,000 | 150,000,000 | 133,000,000 | 141,000,000 | 19,000,000 | -60,000,000 | 17,700,000 | 41,500,000 | 51,200,000 | 45,600,000 | 29,200,000 | 29,100,000 | 28,800,000 | 34,200,000 | 20,200,000 | 21,500,000 | 18,600,000 | 17,600,000 | |||||
per unit data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to mplx lp per limited partner unit: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
common - basic | 900,000 | 1,170,000 | 1,520,000 | 1,030,000 | 1,100,000 | 1,070,000 | 1,010,000 | 1,150,000 | 980,000 | 1,100,000 | 890,000 | 910,000 | 910,000 | 780,000 | 1,360,000 | 830,000 | 780,000 | 790,000 | 740,000 | 660,000 | 680,000 | 630,000 | 610,000 | 580,000 | -2,600,000 | -780,000 | 610,000 | 560,000 | 610,000 | 520,000 | 620,000 | 550,000 | 610,000 | 320,000 | 290,000 | 260,000 | 200,000 | -47,500 | 220,000 | -110,000 | -330,000 | -190,000 | 410,000 | 500,000 | 460,000 | 390,000 | 370,000 | 370,000 | 410,000 | 260,000 | 290,000 | 260,000 | |||
common - diluted | 900,000 | 1,170,000 | 1,520,000 | 1,030,000 | 1,100,000 | 1,070,000 | 1,010,000 | 1,150,000 | 980,000 | 1,100,000 | 890,000 | 910,000 | 910,000 | 780,000 | 1,360,000 | 830,000 | 780,000 | 790,000 | 740,000 | 660,000 | 680,000 | 630,000 | 610,000 | 580,000 | -2,600,000 | -780,000 | 610,000 | 550,000 | 610,000 | 520,000 | 620,000 | 550,000 | 610,000 | 310,000 | 290,000 | 260,000 | 190,000 | -47,500 | 210,000 | -110,000 | -330,000 | -200,000 | 410,000 | 500,000 | 460,000 | 390,000 | 370,000 | 370,000 | 410,000 | 260,000 | 290,000 | 260,000 | |||
weighted-average limited partner units outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on equity method investments | 484,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: series a preferred unitholders’ interest in net income | 6,000,000 | 6,000,000 | 5,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
limited partners' interest in net income attributable to mplx lp | 929,750,000 | 1,545,000,000 | 1,048,000,000 | 1,126,000,000 | 799,250,000 | 1,031,000,000 | 1,171,000,000 | 995,000,000 | 679,500,000 | 893,000,000 | 910,000,000 | 915,000,000 | 758,000,000 | 1,395,000,000 | |||||||||||||||||||||||||||||||||||||||||
less: series b preferred unitholders’ interest in net income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
related-party interest and other financial costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of amounts capitalized | 224,000,000 | 223,000,000 | 226,000,000 | 224,000,000 | 216,000,000 | 217,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other financial costs | -2,000,000 | 2,000,000 | 7,000,000 | 19,000,000 | 18,000,000 | 19,000,000 | 20,000,000 | 20,000,000 | 19,000,000 | 21,000,000 | 19,000,000 | 27,000,000 | 13,000,000 | 17,000,000 | 16,000,000 | 16,000,000 | 15,000,000 | 16,000,000 | 13,000,000 | 14,000,000 | 73,000,000 | 17,000,000 | 15,000,000 | 17,000,000 | 16,000,000 | 15,000,000 | 13,000,000 | 12,000,000 | 13,000,000 | 13,000,000 | 12,000,000 | 12,000,000 | |||||||||||||||||||||||
less: series a preferred unitholders interest in net income | 17,750,000 | 25,000,000 | 23,000,000 | 23,000,000 | 16,250,000 | 23,000,000 | 21,000,000 | 21,000,000 | 19,750,000 | 38,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
less: series b preferred unitholders interest in net income | 1,250,000 | 5,000,000 | 7,750,000 | 10,000,000 | 10,000,000 | 11,000,000 | 7,750,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
impairment expense | 42,000,000 | 2,165,000,000 | 1,000,000 | 129,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
related party interest and other financial costs | 1,000,000 | 4,000,000 | 4,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 3,000,000 | 3,000,000 | 5,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||
interest expense | 212,000,000 | 198,000,000 | 195,000,000 | 197,000,000 | 195,000,000 | 198,000,000 | 205,000,000 | 207,000,000 | 206,000,000 | 211,000,000 | 211,000,000 | 212,000,000 | 156,000,000 | 156,000,000 | 153,000,000 | 134,000,000 | 135,000,000 | 112,000,000 | 79,000,000 | 77,000,000 | 74,000,000 | 66,000,000 | 52,000,000 | 51,000,000 | 52,000,000 | 55,000,000 | |||||||||||||||||||||||||||||
limited partners’ interest in net income attributable to mplx lp | 844,000,000 | 793,000,000 | 799,000,000 | 754,000,000 | 675,000,000 | 708,000,000 | 617,000,000 | -611,000,000 | 602,000,000 | 461,000,000 | 483,000,000 | 414,000,000 | 491,000,000 | 433,000,000 | 405,000,000 | 126,000,000 | 114,000,000 | 99,000,000 | 72,000,000 | 62,000,000 | 74,000,000 | -36,000,000 | -99,000,000 | -19,900,000 | 32,900,000 | 44,400,000 | 41,600,000 | 27,000,000 | 27,600,000 | 27,600,000 | 33,200,000 | 19,700,000 | 21,000,000 | 18,300,000 | 17,200,000 | ||||||||||||||||||||
restructuring expenses | 1,000,000 | 36,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
less: series a preferred unit distributions | 21,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 21,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 21,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
less: series b preferred unit distributions | 10,000,000 | 11,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 11,000,000 | 10,000,000 | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) from equity method investments | -253,000,000 | 83,000,000 | -1,184,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) from operations | -177,250,000 | 899,000,000 | -2,486,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) before income taxes | -346,500,000 | 675,000,000 | -2,716,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | 250,000 | 1,000,000 | 500,000 | 4,000,000 | 1,900,000 | 100,000 | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net income/ | -346,750,000 | 674,000,000 | -2,716,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to predecessor | 52,000,000 | 36,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/(loss) attributable to mplx lp | -352,750,000 | 665,000,000 | -2,724,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
limited partners’ interest in net income/(loss) attributable to mplx lp | -375,750,000 | 635,000,000 | -2,755,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/(loss) attributable to mplx lp per limited partner unit: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
(benefit)/benefit from income taxes | 1,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
less: preferred unit distributions | 20,000,000 | 20,000,000 | 19,000,000 | 20,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 17,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 9,000,000 | |||||||||||||||||||||||||||||||||||||||||||
less: general partner’s gp interest in net income attributable to mplx lp | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions declared per limited partner common unit | 627,500 | 617,500 | 607,500 | 587,500 | 562,500 | 540,000 | 520,000 | 515,000 | 510,000 | 505,000 | 500,000 | 470,000 | 440,000 | 410,000 | 382,500 | 357,500 | 342,500 | 327,500 | 312,500 | 297,500 | 285,000 | ||||||||||||||||||||||||||||||||||
gain on sale of assets | 250,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
less: general partner’s interest in net income attributable to mplx lp | 96,000,000 | 86,000,000 | 74,000,000 | 62,000,000 | 55,000,000 | 51,000,000 | 46,000,000 | 39,000,000 | 37,600,000 | 8,600,000 | 6,800,000 | 4,000,000 | 925,000 | 1,500,000 | 1,200,000 | 1,000,000 | 300,000 | 500,000 | 300,000 | 400,000 | |||||||||||||||||||||||||||||||||||
benefit for income taxes | -3,000,000 | -8,000,000 | -4,000,000 | 25,000 | -100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
subordinated - basic and diluted | -1,250,000 | 500,000 | 460,000 | 340,000 | 370,000 | 370,000 | 410,000 | 270,000 | 290,000 | 230,000 | |||||||||||||||||||||||||||||||||||||||||||||
loss from equity method investments | -83,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interests and predecessor | 23,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales and other operating revenues | 12,550,000 | 18,200,000 | 16,400,000 | 15,600,000 | 17,000,000 | 16,600,000 | 18,700,000 | 16,900,000 | 18,900,000 | 20,400,000 | 18,800,000 | 20,800,000 | 20,900,000 | 19,600,000 | |||||||||||||||||||||||||||||||||||||||||
sales to related parties | 90,175,000 | 122,700,000 | 123,600,000 | 114,400,000 | 114,900,000 | 114,100,000 | 108,100,000 | 113,800,000 | 100,000,000 | 97,800,000 | 97,300,000 | 89,100,000 | 102,000,000 | 96,600,000 | |||||||||||||||||||||||||||||||||||||||||
loss on sale of assets | -50,000 | -200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases from related parties | 26,900,000 | 26,500,000 | 24,700,000 | 23,900,000 | 26,100,000 | 23,700,000 | 23,700,000 | 24,000,000 | 25,200,000 | 23,800,000 | 23,800,000 | 21,800,000 | 23,100,000 | 7,700,000 | |||||||||||||||||||||||||||||||||||||||||
depreciation | 9,525,000 | 12,700,000 | 12,700,000 | 12,700,000 | 12,700,000 | 12,500,000 | 12,400,000 | 12,600,000 | 12,600,000 | 12,700,000 | 11,900,000 | 11,700,000 | 11,600,000 | 9,400,000 | |||||||||||||||||||||||||||||||||||||||||
less: net income attributable to mpc-retained interest | 200,000 | 300,000 | 200,000 | 300,000 | 7,200,000 | 14,000,000 | 14,100,000 | 21,500,000 | 16,600,000 | 17,700,000 | 16,200,000 | 17,700,000 | |||||||||||||||||||||||||||||||||||||||||||
weighted-average limited partner units outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
common units - public | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | 19,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common units - mpc | 17,100,000 | 17,100,000 | 17,100,000 | 17,100,000 | 17,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
subordinated units - mpc | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | 37,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
related party interest and other financial income | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other financial income | -175,000 | -200,000 | -300,000 | -200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to mplx lp per limited partner unit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
common | 260,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
subordinated | 210,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distribution declared per limited partner common unit | 272,500 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 1,506,000,000 | 2,137,000,000 | 1,765,000,000 | 1,386,000,000 | 2,534,000,000 | 1,519,000,000 | 2,426,000,000 | 2,501,000,000 | 385,000,000 | 1,048,000,000 | 960,000,000 | 755,000,000 | 393,000,000 | 238,000,000 | 121,000,000 | 298,000,000 | 42,000,000 | 13,000,000 | 39,000,000 | 8,000,000 | 24,000,000 | 15,000,000 | 28,000,000 | 67,000,000 | 57,000,000 | 15,000,000 | 41,000,000 | 7,000,000 | 93,000,000 | 68,000,000 | 37,000,000 | 3,000,000 | 2,000,000 | 5,000,000 | 3,000,000 | 293,000,000 | 265,000,000 | 234,000,000 | 208,000,000 | 35,000,000 | 4,000,000 | 43,000,000 | 90,400,000 | 130,400,000 | 132,500,000 | 27,300,000 | 32,200,000 | 43,200,000 | 40,600,000 | 54,100,000 | 86,900,000 | 115,300,000 | 227,900,000 | 216,700,000 | 68,500,000 |
receivables, less allowance for expected credit loss | 769,000,000 | 735,000,000 | 729,000,000 | 736,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
current assets - related parties | 1,007,000,000 | 899,000,000 | 854,000,000 | 826,000,000 | 910,000,000 | 830,000,000 | 842,000,000 | 748,000,000 | 803,000,000 | 748,000,000 | 759,000,000 | 654,000,000 | 701,000,000 | 729,000,000 | 698,000,000 | 731,000,000 | 813,000,000 | 644,000,000 | 645,000,000 | 614,000,000 | 650,000,000 | 677,000,000 | 591,000,000 | 594,000,000 | 600,000,000 | 656,000,000 | 660,000,000 | 333,000,000 | 386,000,000 | ||||||||||||||||||||||||||
inventories | 178,000,000 | 172,000,000 | 175,000,000 | 192,000,000 | 186,000,000 | 180,000,000 | 171,000,000 | 168,000,000 | 163,000,000 | 159,000,000 | 154,000,000 | 146,000,000 | 141,000,000 | 148,000,000 | 151,000,000 | 157,000,000 | 149,000,000 | 142,000,000 | 141,000,000 | 126,000,000 | 128,000,000 | 118,000,000 | 117,000,000 | 115,000,000 | 105,000,000 | 110,000,000 | 104,000,000 | 77,000,000 | 74,000,000 | 77,000,000 | 81,000,000 | 73,000,000 | 64,000,000 | 65,000,000 | 64,000,000 | 62,000,000 | 62,000,000 | 54,000,000 | 50,000,000 | 49,000,000 | 45,000,000 | 49,000,000 | 10,100,000 | ||||||||||||
other current assets | 62,000,000 | 51,000,000 | 38,000,000 | 33,000,000 | 33,000,000 | 29,000,000 | 37,000,000 | 32,000,000 | 36,000,000 | 30,000,000 | 30,000,000 | 49,000,000 | 63,000,000 | 53,000,000 | 40,000,000 | 43,000,000 | 53,000,000 | 54,000,000 | 54,000,000 | 46,000,000 | 49,000,000 | 65,000,000 | 59,000,000 | 48,000,000 | 45,000,000 | 110,000,000 | 65,000,000 | 34,000,000 | 34,000,000 | 46,000,000 | 37,000,000 | 41,000,000 | 33,000,000 | 37,000,000 | 32,000,000 | 31,000,000 | 31,000,000 | 33,000,000 | 33,000,000 | 24,000,000 | 28,000,000 | 50,000,000 | 4,100,000 | 7,300,000 | 6,100,000 | 7,000,000 | 6,900,000 | 8,200,000 | 11,000,000 | 8,900,000 | 2,300,000 | 3,300,000 | 2,400,000 | 2,600,000 | 500,000 |
total current assets | 3,522,000,000 | 3,994,000,000 | 4,595,000,000 | 3,173,000,000 | 4,521,000,000 | 3,276,000,000 | 4,218,000,000 | 4,196,000,000 | 2,139,000,000 | 2,808,000,000 | 2,736,000,000 | 2,321,000,000 | 2,012,000,000 | 1,905,000,000 | 1,951,000,000 | 2,018,000,000 | 1,798,000,000 | 1,507,000,000 | 1,516,000,000 | 1,332,000,000 | 1,374,000,000 | 1,515,000,000 | 1,272,000,000 | 1,386,000,000 | 1,329,000,000 | 1,484,000,000 | 1,440,000,000 | 786,000,000 | 952,000,000 | 897,000,000 | 925,000,000 | 774,000,000 | 729,000,000 | 559,000,000 | 571,000,000 | 843,000,000 | 811,000,000 | 740,000,000 | 686,000,000 | 486,000,000 | 429,000,000 | 474,000,000 | 173,000,000 | 214,700,000 | 209,900,000 | 97,200,000 | 105,500,000 | 119,400,000 | 128,000,000 | 135,100,000 | 155,600,000 | 180,900,000 | 295,700,000 | 283,800,000 | 152,500,000 |
equity method investments | 4,981,000,000 | 4,798,000,000 | 4,792,000,000 | 5,024,000,000 | 4,751,000,000 | 4,531,000,000 | 4,558,000,000 | 4,373,000,000 | 4,343,000,000 | 3,743,000,000 | 4,099,000,000 | 4,124,000,000 | 4,144,000,000 | 4,095,000,000 | 4,108,000,000 | 4,099,000,000 | 4,079,000,000 | 3,981,000,000 | 4,001,000,000 | 4,033,000,000 | 4,040,000,000 | 4,036,000,000 | 4,081,000,000 | 4,065,000,000 | 3,992,000,000 | 5,275,000,000 | 5,182,000,000 | 4,409,000,000 | 4,270,000,000 | 4,174,000,000 | 4,104,000,000 | 4,042,000,000 | 4,033,000,000 | 4,010,000,000 | 3,997,000,000 | 3,368,000,000 | 3,306,000,000 | 2,467,000,000 | 2,475,000,000 | 2,485,000,000 | 2,598,000,000 | 2,458,000,000 | |||||||||||||
property, plant and equipment | 21,992,000,000 | 21,698,000,000 | 21,348,000,000 | 19,191,000,000 | 19,147,000,000 | 19,154,000,000 | 19,153,000,000 | 19,186,000,000 | 19,299,000,000 | 19,264,000,000 | 18,620,000,000 | 18,692,000,000 | 18,758,000,000 | 18,848,000,000 | 18,910,000,000 | 19,767,000,000 | 19,912,000,000 | 20,042,000,000 | 20,158,000,000 | 20,352,000,000 | 20,996,000,000 | 21,218,000,000 | 21,615,000,000 | 21,758,000,000 | 21,829,000,000 | 22,145,000,000 | 21,892,000,000 | 15,021,000,000 | 14,816,000,000 | 14,639,000,000 | 14,271,000,000 | 13,642,000,000 | 13,291,000,000 | 12,187,000,000 | 11,922,000,000 | 11,638,000,000 | 11,411,000,000 | 10,730,000,000 | 10,537,000,000 | 10,360,000,000 | 10,195,000,000 | 9,683,000,000 | 1,109,200,000 | 1,059,500,000 | 1,031,000,000 | 1,008,600,000 | 982,600,000 | 955,800,000 | 959,000,000 | 966,600,000 | 956,200,000 | 929,800,000 | 909,000,000 | 910,000,000 | 958,300,000 |
intangibles | 1,359,000,000 | 1,397,000,000 | 1,443,000,000 | 497,000,000 | 529,000,000 | 518,000,000 | 551,000,000 | 585,000,000 | 618,000,000 | 654,000,000 | 609,000,000 | 641,000,000 | 673,000,000 | 705,000,000 | 736,000,000 | 768,000,000 | 800,000,000 | 831,000,000 | 864,000,000 | 896,000,000 | 927,000,000 | 959,000,000 | 991,000,000 | 1,023,000,000 | 1,055,000,000 | 1,270,000,000 | 1,309,000,000 | 405,000,000 | 414,000,000 | 424,000,000 | 434,000,000 | 435,000,000 | 444,000,000 | 453,000,000 | 463,000,000 | 473,000,000 | 482,000,000 | 492,000,000 | 501,000,000 | 511,000,000 | 520,000,000 | 466,000,000 | |||||||||||||
goodwill | 8,736,000,000 | 8,755,000,000 | 8,732,000,000 | 7,645,000,000 | 7,645,000,000 | 7,645,000,000 | 7,645,000,000 | 7,645,000,000 | 7,645,000,000 | 7,645,000,000 | 7,645,000,000 | 7,645,000,000 | 7,645,000,000 | 7,645,000,000 | 7,645,000,000 | 7,645,000,000 | 7,657,000,000 | 7,657,000,000 | 7,657,000,000 | 7,657,000,000 | 7,657,000,000 | 7,657,000,000 | 7,657,000,000 | 7,722,000,000 | 7,722,000,000 | 9,536,000,000 | 10,735,000,000 | 2,581,000,000 | 2,581,000,000 | 2,586,000,000 | 2,586,000,000 | 2,460,000,000 | 2,460,000,000 | 2,245,000,000 | 2,245,000,000 | 2,245,000,000 | 2,245,000,000 | 2,199,000,000 | 2,199,000,000 | 2,199,000,000 | 2,200,000,000 | 2,559,000,000 | 104,700,000 | 104,700,000 | 104,700,000 | 104,700,000 | 104,700,000 | 104,700,000 | 104,700,000 | 104,700,000 | 104,700,000 | 104,700,000 | 104,700,000 | 104,700,000 | 134,200,000 |
right of use assets | 268,000,000 | 276,000,000 | 276,000,000 | 275,000,000 | 286,000,000 | 273,000,000 | 271,000,000 | 282,000,000 | 290,000,000 | 264,000,000 | 271,000,000 | 281,000,000 | 274,000,000 | 283,000,000 | 288,000,000 | 300,000,000 | 280,000,000 | 268,000,000 | 282,000,000 | 297,000,000 | 296,000,000 | 309,000,000 | 323,000,000 | 341,000,000 | 352,000,000 | 365,000,000 | 366,000,000 | 255,000,000 | 262,000,000 | ||||||||||||||||||||||||||
noncurrent assets - related parties | 916,000,000 | 962,000,000 | 983,000,000 | 1,021,000,000 | 1,095,000,000 | 1,120,000,000 | 1,135,000,000 | 1,160,000,000 | 1,151,000,000 | 1,161,000,000 | 1,174,000,000 | 1,199,000,000 | 1,212,000,000 | 1,225,000,000 | 1,222,000,000 | 1,142,000,000 | 1,151,000,000 | 1,161,000,000 | 1,160,000,000 | 1,144,000,000 | 676,000,000 | 672,000,000 | 675,000,000 | 676,000,000 | 677,000,000 | 303,000,000 | 302,000,000 | 253,000,000 | 256,000,000 | ||||||||||||||||||||||||||
other noncurrent assets | 1,159,000,000 | 1,125,000,000 | 1,058,000,000 | 1,015,000,000 | 998,000,000 | 994,000,000 | 984,000,000 | 975,000,000 | 976,000,000 | 990,000,000 | 966,000,000 | 970,000,000 | 954,000,000 | 959,000,000 | 952,000,000 | 49,000,000 | 50,000,000 | 60,000,000 | 61,000,000 | 62,000,000 | 64,000,000 | 48,000,000 | 48,000,000 | 51,000,000 | 50,000,000 | 52,000,000 | 55,000,000 | 36,000,000 | 33,000,000 | 35,000,000 | 36,000,000 | 37,000,000 | 28,000,000 | 26,000,000 | 22,000,000 | 18,000,000 | 17,000,000 | 14,000,000 | 14,000,000 | 12,000,000 | 11,000,000 | 12,000,000 | 4,200,000 | 3,700,000 | 8,400,000 | 4,000,000 | 1,500,000 | 1,500,000 | 2,000,000 | 2,100,000 | 2,200,000 | 2,300,000 | 2,500,000 | 2,800,000 | 5,200,000 |
total assets | 42,933,000,000 | 43,005,000,000 | 43,227,000,000 | 37,841,000,000 | 38,972,000,000 | 37,511,000,000 | 38,515,000,000 | 38,402,000,000 | 36,461,000,000 | 36,529,000,000 | 36,120,000,000 | 35,873,000,000 | 35,672,000,000 | 35,665,000,000 | 35,812,000,000 | 35,788,000,000 | 35,727,000,000 | 35,507,000,000 | 35,699,000,000 | 35,773,000,000 | 36,030,000,000 | 36,414,000,000 | 36,662,000,000 | 37,022,000,000 | 37,006,000,000 | 40,430,000,000 | 41,281,000,000 | 23,746,000,000 | 23,584,000,000 | 22,779,000,000 | 22,379,000,000 | 21,412,000,000 | 21,006,000,000 | 19,500,000,000 | 19,238,000,000 | 18,601,000,000 | 18,285,000,000 | 16,646,000,000 | 16,415,000,000 | 16,079,000,000 | 15,978,000,000 | 15,677,000,000 | 1,391,100,000 | 1,382,600,000 | 1,354,000,000 | 1,214,500,000 | 1,194,300,000 | 1,181,400,000 | 1,193,700,000 | 1,208,500,000 | 1,218,700,000 | 1,217,700,000 | 1,311,900,000 | 1,301,300,000 | 1,250,200,000 |
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 126,000,000 | 108,000,000 | 131,000,000 | 149,000,000 | 145,000,000 | 147,000,000 | 120,000,000 | 127,000,000 | 132,000,000 | 153,000,000 | 132,000,000 | 128,000,000 | 139,000,000 | 224,000,000 | 289,000,000 | 352,000,000 | 214,000,000 | 172,000,000 | 177,000,000 | 158,000,000 | 162,000,000 | 152,000,000 | 140,000,000 | 145,000,000 | 138,000,000 | 242,000,000 | 196,000,000 | 134,000,000 | 110,000,000 | 162,000,000 | 146,000,000 | 172,000,000 | 143,000,000 | 151,000,000 | 152,000,000 | 144,000,000 | 121,000,000 | 123,000,000 | 107,000,000 | 102,000,000 | 105,000,000 | 89,000,000 | 67,600,000 | 55,500,000 | 44,900,000 | 42,200,000 | 34,900,000 | 25,700,000 | 27,000,000 | 30,500,000 | 41,600,000 | 43,300,000 | 34,300,000 | 39,000,000 | 42,500,000 |
accrued liabilities | 333,000,000 | 254,000,000 | 261,000,000 | 262,000,000 | 269,000,000 | 295,000,000 | 271,000,000 | 246,000,000 | 248,000,000 | 300,000,000 | 332,000,000 | 241,000,000 | 266,000,000 | 269,000,000 | 300,000,000 | 415,000,000 | 396,000,000 | 363,000,000 | 332,000,000 | 258,000,000 | 233,000,000 | 194,000,000 | 169,000,000 | 138,000,000 | 135,000,000 | 187,000,000 | 185,000,000 | 148,000,000 | 189,000,000 | 250,000,000 | 231,000,000 | 202,000,000 | 178,000,000 | 194,000,000 | 228,000,000 | 193,000,000 | 180,000,000 | 159,000,000 | 186,000,000 | ||||||||||||||||
current liabilities - related parties | 455,000,000 | 399,000,000 | 393,000,000 | 399,000,000 | 402,000,000 | 396,000,000 | 354,000,000 | 344,000,000 | 351,000,000 | 360,000,000 | 387,000,000 | 336,000,000 | 327,000,000 | 343,000,000 | 364,000,000 | 403,000,000 | 687,000,000 | 1,780,000,000 | 1,706,000,000 | 812,000,000 | 338,000,000 | 356,000,000 | 364,000,000 | 372,000,000 | 297,000,000 | 1,008,000,000 | 562,000,000 | 224,000,000 | 204,000,000 | ||||||||||||||||||||||||||
accrued property, plant and equipment | 533,000,000 | 438,000,000 | 400,000,000 | 253,000,000 | 211,000,000 | 208,000,000 | 190,000,000 | 172,000,000 | 166,000,000 | 216,000,000 | 140,000,000 | 149,000,000 | 158,000,000 | 128,000,000 | 111,000,000 | 104,000,000 | 91,000,000 | 97,000,000 | 66,000,000 | 54,000,000 | 58,000,000 | 84,000,000 | 121,000,000 | 154,000,000 | 234,000,000 | 283,000,000 | 346,000,000 | 227,000,000 | 249,000,000 | 294,000,000 | 194,000,000 | 183,000,000 | 171,000,000 | 138,000,000 | 132,000,000 | 157,000,000 | 163,000,000 | 140,000,000 | 166,000,000 | ||||||||||||||||
long-term debt due within one year | 1,251,000,000 | 1,502,000,000 | 1,501,000,000 | 1,500,000,000 | 2,697,000,000 | 1,693,000,000 | 2,836,000,000 | 2,827,000,000 | 1,639,000,000 | 1,135,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 988,000,000 | 982,000,000 | 1,000,000,000 | 999,000,000 | 499,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 764,000,000 | 307,000,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 700,000 | 700,000 | 700,000 | 700,000 | 700,000 | 700,000 | |||||||||||||||||||
accrued interest payable | 264,000,000 | 354,000,000 | 273,000,000 | 267,000,000 | 203,000,000 | 244,000,000 | 220,000,000 | 252,000,000 | 187,000,000 | 242,000,000 | 187,000,000 | 247,000,000 | 192,000,000 | 237,000,000 | 192,000,000 | 224,000,000 | 192,000,000 | 202,000,000 | 188,000,000 | 203,000,000 | 189,000,000 | 222,000,000 | 207,000,000 | 207,000,000 | 214,000,000 | 210,000,000 | 226,000,000 | 173,000,000 | 156,000,000 | 143,000,000 | 179,000,000 | 183,000,000 | 99,000,000 | 88,000,000 | 64,000,000 | 94,000,000 | 70,000,000 | 53,000,000 | 55,000,000 | 53,000,000 | 56,000,000 | 54,000,000 | 2,500,000 | 8,400,000 | |||||||||||
operating lease liabilities | 53,000,000 | 53,000,000 | 49,000,000 | 47,000,000 | 47,000,000 | 45,000,000 | 49,000,000 | 50,000,000 | 50,000,000 | 45,000,000 | 48,000,000 | 49,000,000 | 45,000,000 | 46,000,000 | 44,000,000 | 45,000,000 | 47,000,000 | 59,000,000 | 61,000,000 | 63,000,000 | 63,000,000 | 63,000,000 | 65,000,000 | 69,000,000 | 67,000,000 | 66,000,000 | 61,000,000 | 47,000,000 | 46,000,000 | ||||||||||||||||||||||||||
other current liabilities | 177,000,000 | 141,000,000 | 264,000,000 | 192,000,000 | 195,000,000 | 207,000,000 | 227,000,000 | 208,000,000 | 187,000,000 | 173,000,000 | 172,000,000 | 165,000,000 | 184,000,000 | 166,000,000 | 217,000,000 | 198,000,000 | 232,000,000 | 176,000,000 | 190,000,000 | 178,000,000 | 151,000,000 | 150,000,000 | 158,000,000 | 143,000,000 | 129,000,000 | 136,000,000 | 656,000,000 | 95,000,000 | 75,000,000 | 83,000,000 | 665,000,000 | 610,000,000 | 445,000,000 | 38,000,000 | 41,000,000 | 29,000,000 | 26,000,000 | 24,000,000 | 18,000,000 | 17,000,000 | 14,000,000 | 12,000,000 | 2,700,000 | 3,600,000 | 7,000,000 | 1,700,000 | 1,800,000 | 3,200,000 | 1,700,000 | 1,400,000 | 1,600,000 | 1,100,000 | 2,600,000 | 3,000,000 | 1,600,000 |
total current liabilities | 3,192,000,000 | 3,249,000,000 | 3,502,000,000 | 3,069,000,000 | 4,169,000,000 | 3,235,000,000 | 4,267,000,000 | 4,226,000,000 | 2,960,000,000 | 2,624,000,000 | 1,399,000,000 | 1,316,000,000 | 1,312,000,000 | 2,401,000,000 | 2,499,000,000 | 2,741,000,000 | 2,858,000,000 | 3,348,000,000 | 2,721,000,000 | 1,727,000,000 | 1,196,000,000 | 2,086,000,000 | 1,531,000,000 | 1,228,000,000 | 1,214,000,000 | 2,132,000,000 | 2,232,000,000 | 1,048,000,000 | 1,029,000,000 | 1,186,000,000 | 1,204,000,000 | 1,279,000,000 | 876,000,000 | 1,304,000,000 | 1,048,000,000 | 790,000,000 | 712,000,000 | 704,000,000 | 670,000,000 | 650,000,000 | 1,045,000,000 | 612,000,000 | 135,500,000 | 128,000,000 | 115,000,000 | 100,600,000 | 90,800,000 | 82,400,000 | 87,500,000 | 83,400,000 | 85,600,000 | 78,100,000 | 64,600,000 | 63,300,000 | 62,600,000 |
long-term deferred revenue | 115,000,000 | 119,000,000 | 121,000,000 | 308,000,000 | 317,000,000 | 317,000,000 | 326,000,000 | 344,000,000 | 349,000,000 | 347,000,000 | 295,000,000 | 268,000,000 | 233,000,000 | 219,000,000 | 170,000,000 | 429,000,000 | 405,000,000 | 383,000,000 | 366,000,000 | 349,000,000 | 332,000,000 | 314,000,000 | 291,000,000 | 261,000,000 | 241,000,000 | 217,000,000 | 189,000,000 | 108,000,000 | 94,000,000 | 80,000,000 | 69,000,000 | 58,000,000 | 49,000,000 | 42,000,000 | 34,000,000 | 26,000,000 | 19,000,000 | 12,000,000 | 12,000,000 | 9,000,000 | 6,000,000 | 4,000,000 | |||||||||||||
long-term liabilities - related parties | 375,000,000 | 364,000,000 | 339,000,000 | 330,000,000 | 324,000,000 | 334,000,000 | 320,000,000 | 325,000,000 | 320,000,000 | 325,000,000 | 343,000,000 | 341,000,000 | 338,000,000 | 338,000,000 | 318,000,000 | 303,000,000 | 305,000,000 | 302,000,000 | 297,000,000 | 306,000,000 | 279,000,000 | 283,000,000 | 281,000,000 | 287,000,000 | 290,000,000 | 290,000,000 | 293,000,000 | 271,000,000 | 273,000,000 | ||||||||||||||||||||||||||
long-term debt | 24,383,000,000 | 24,151,000,000 | 24,145,000,000 | 19,725,000,000 | 19,721,000,000 | 19,255,000,000 | 19,250,000,000 | 19,245,000,000 | 18,805,000,000 | 19,296,000,000 | 20,417,000,000 | 20,405,000,000 | 20,393,000,000 | 18,808,000,000 | 18,797,000,000 | 18,775,000,000 | 18,757,000,000 | 18,072,000,000 | 18,253,000,000 | 19,234,000,000 | 20,052,000,000 | 19,375,000,000 | 20,042,000,000 | 20,556,000,000 | 20,467,000,000 | 19,704,000,000 | 19,190,000,000 | 14,030,000,000 | 13,832,000,000 | 13,392,000,000 | 12,889,000,000 | 11,874,000,000 | 11,861,000,000 | 6,945,000,000 | 6,848,000,000 | 6,666,000,000 | 6,654,000,000 | 4,422,000,000 | 4,411,000,000 | 4,400,000,000 | 4,715,000,000 | 5,255,000,000 | 752,500,000 | 752,600,000 | 757,000,000 | 644,000,000 | 264,200,000 | 264,400,000 | 279,600,000 | 9,800,000 | 10,000,000 | 10,200,000 | 10,400,000 | 10,600,000 | 10,700,000 |
deferred income taxes | 25,000,000 | 25,000,000 | 20,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 12,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 10,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 12,000,000 | 12,000,000 | 11,000,000 | 11,000,000 | 12,000,000 | 15,000,000 | 11,000,000 | 12,000,000 | 13,000,000 | 13,000,000 | 11,000,000 | 10,000,000 | 5,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 5,000,000 | 5,000,000 | 368,000,000 | 382,000,000 | 377,000,000 | -100,000 | -100,000 | |||||||||||
long-term operating lease liabilities | 208,000,000 | 217,000,000 | 220,000,000 | 218,000,000 | 227,000,000 | 217,000,000 | 217,000,000 | 225,000,000 | 231,000,000 | 211,000,000 | 219,000,000 | 228,000,000 | 221,000,000 | 230,000,000 | 241,000,000 | 250,000,000 | 228,000,000 | 205,000,000 | 220,000,000 | 232,000,000 | 230,000,000 | 244,000,000 | 258,000,000 | 274,000,000 | 284,000,000 | 302,000,000 | 309,000,000 | 209,000,000 | 216,000,000 | ||||||||||||||||||||||||||
other long-term liabilities | 338,000,000 | 352,000,000 | 356,000,000 | 124,000,000 | 128,000,000 | 125,000,000 | 137,000,000 | 135,000,000 | 133,000,000 | 126,000,000 | 119,000,000 | 113,000,000 | 114,000,000 | 142,000,000 | 130,000,000 | 167,000,000 | |||||||||||||||||||||||||||||||||||||||
total liabilities | 28,636,000,000 | 28,477,000,000 | 28,703,000,000 | 23,792,000,000 | 24,904,000,000 | 23,501,000,000 | 24,533,000,000 | 24,516,000,000 | 22,814,000,000 | 22,945,000,000 | 22,804,000,000 | 22,684,000,000 | 22,624,000,000 | 22,151,000,000 | 22,169,000,000 | 22,679,000,000 | 22,726,000,000 | 22,490,000,000 | 22,023,000,000 | 22,010,000,000 | 22,212,000,000 | 22,429,000,000 | 22,599,000,000 | 22,792,000,000 | 22,682,000,000 | 22,849,000,000 | 22,421,000,000 | 15,872,000,000 | 15,651,000,000 | 14,911,000,000 | 14,423,000,000 | 13,457,000,000 | 13,028,000,000 | 8,527,000,000 | 8,152,000,000 | 7,692,000,000 | 7,585,000,000 | 5,327,000,000 | 5,261,000,000 | 5,613,000,000 | 6,323,000,000 | 6,423,000,000 | 898,000,000 | 890,200,000 | 878,000,000 | 750,800,000 | 361,000,000 | 352,700,000 | 372,600,000 | 94,400,000 | 96,900,000 | 89,100,000 | 75,700,000 | 74,500,000 | 74,600,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
common unitholders - public | 9,332,000,000 | 9,451,000,000 | 9,513,000,000 | 9,402,000,000 | 9,472,000,000 | 9,322,000,000 | 9,378,000,000 | 9,392,000,000 | 8,997,000,000 | 8,700,000,000 | 8,533,000,000 | 8,508,000,000 | 8,459,000,000 | 8,413,000,000 | 8,569,000,000 | 8,518,000,000 | 8,505,000,000 | 8,579,000,000 | 8,919,000,000 | 9,061,000,000 | 9,226,000,000 | 9,384,000,000 | 9,436,000,000 | 9,469,000,000 | 9,509,000,000 | 10,800,000,000 | 11,289,000,000 | 8,305,000,000 | 8,326,000,000 | 8,336,000,000 | 8,367,000,000 | 8,366,000,000 | 8,385,000,000 | 8,379,000,000 | 8,457,000,000 | 8,360,000,000 | 8,147,000,000 | 8,086,000,000 | 7,898,000,000 | 7,658,000,000 | 7,805,000,000 | 7,691,000,000 | 647,100,000 | 647,100,000 | 641,700,000 | 639,000,000 | 417,100,000 | 416,000,000 | 414,500,000 | 412,000,000 | 412,000,000 | 412,700,000 | 412,600,000 | 410,700,000 | |
common unitholders - mpc | 4,734,000,000 | 4,845,000,000 | 4,778,000,000 | 4,413,000,000 | 4,361,000,000 | 4,257,000,000 | 4,172,000,000 | 4,062,000,000 | 3,858,000,000 | 3,758,000,000 | 3,581,000,000 | 3,480,000,000 | 3,388,000,000 | 3,293,000,000 | 3,276,000,000 | 2,784,000,000 | 2,698,000,000 | 2,944,000,000 | 2,897,000,000 | 2,796,000,000 | |||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total mplx lp partners’ capital | 14,071,000,000 | 14,301,000,000 | 14,296,000,000 | 13,820,000,000 | 13,838,000,000 | 13,576,000,000 | 13,547,000,000 | 13,451,000,000 | 12,852,000,000 | 12,454,000,000 | 12,110,000,000 | 11,984,000,000 | 11,843,000,000 | 12,309,000,000 | 12,438,000,000 | 11,905,000,000 | 11,796,000,000 | 11,811,000,000 | 12,447,000,000 | 12,552,000,000 | 12,606,000,000 | 12,772,000,000 | 12,848,000,000 | 13,015,000,000 | 13,108,000,000 | 16,364,000,000 | 17,642,000,000 | 6,619,000,000 | 6,679,000,000 | 6,708,000,000 | 6,798,000,000 | 6,802,000,000 | 6,832,000,000 | 9,827,000,000 | 9,941,000,000 | 9,763,000,000 | 9,557,000,000 | 10,301,000,000 | 10,137,000,000 | 9,458,000,000 | 9,641,000,000 | 9,241,000,000 | 487,300,000 | 486,700,000 | 470,300,000 | 458,200,000 | 491,500,000 | 488,400,000 | 484,000,000 | 646,200,000 | 647,800,000 | 647,500,000 | 695,600,000 | 691,100,000 | |
noncontrolling interests | 226,000,000 | 227,000,000 | 228,000,000 | 229,000,000 | 230,000,000 | 231,000,000 | 232,000,000 | 233,000,000 | 234,000,000 | 235,000,000 | 236,000,000 | 237,000,000 | 237,000,000 | 237,000,000 | 238,000,000 | 239,000,000 | 240,000,000 | 241,000,000 | 243,000,000 | 243,000,000 | 244,000,000 | 245,000,000 | 247,000,000 | 247,000,000 | 248,000,000 | 249,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | 156,000,000 | 155,000,000 | 150,000,000 | 146,000,000 | 146,000,000 | 145,000,000 | 146,000,000 | |||||||||||||||||||
total equity | 14,297,000,000 | 14,528,000,000 | 14,524,000,000 | 14,049,000,000 | 14,068,000,000 | 13,807,000,000 | 13,779,000,000 | 13,684,000,000 | 13,086,000,000 | 12,689,000,000 | 12,346,000,000 | 12,221,000,000 | 12,080,000,000 | 12,546,000,000 | 12,676,000,000 | 12,144,000,000 | 12,036,000,000 | 12,052,000,000 | 12,690,000,000 | 12,795,000,000 | 12,850,000,000 | 13,017,000,000 | 13,095,000,000 | 13,262,000,000 | 13,356,000,000 | 16,613,000,000 | 17,892,000,000 | 6,869,000,000 | 6,929,000,000 | 6,864,000,000 | 6,953,000,000 | 6,952,000,000 | 6,978,000,000 | 9,973,000,000 | 10,086,000,000 | 9,909,000,000 | 9,700,000,000 | 10,319,000,000 | 10,154,000,000 | 9,473,000,000 | 9,655,000,000 | 9,254,000,000 | 493,100,000 | 492,400,000 | 476,000,000 | 463,700,000 | 833,300,000 | 828,700,000 | 821,100,000 | 1,114,100,000 | 1,121,800,000 | 1,128,600,000 | 1,236,200,000 | ||
total liabilities, preferred units and equity | 42,933,000,000 | 43,005,000,000 | 43,227,000,000 | 37,841,000,000 | 38,972,000,000 | 37,511,000,000 | 38,515,000,000 | 38,402,000,000 | 36,461,000,000 | 36,529,000,000 | 36,120,000,000 | 35,873,000,000 | 35,672,000,000 | 35,665,000,000 | 35,812,000,000 | 35,788,000,000 | 35,727,000,000 | 35,507,000,000 | 35,699,000,000 | 35,773,000,000 | 36,030,000,000 | 36,414,000,000 | 36,662,000,000 | 37,022,000,000 | 37,006,000,000 | 40,430,000,000 | 41,281,000,000 | 23,746,000,000 | 23,584,000,000 | 22,779,000,000 | 22,379,000,000 | 21,412,000,000 | 21,006,000,000 | 19,500,000,000 | 19,238,000,000 | 18,601,000,000 | 18,285,000,000 | 16,646,000,000 | 16,415,000,000 | 16,079,000,000 | |||||||||||||||
series a preferred units - | 203,000,000 | 895,000,000 | 968,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 1,034,000,000 | 20,000,000 | 188,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities held for sale | 230,000,000 | 101,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
series a preferred units | 203,000,000 | 202,000,000 | 561,000,000 | 970,000,000 | 968,000,000 | 968,000,000 | 967,000,000 | 965,000,000 | 965,000,000 | 965,000,000 | 986,000,000 | 968,000,000 | 968,000,000 | 968,000,000 | 968,000,000 | 968,000,000 | 968,000,000 | 968,000,000 | 968,000,000 | 1,005,000,000 | |||||||||||||||||||||||||||||||||||
receivables | 858,000,000 | 718,000,000 | 742,000,000 | 747,000,000 | 752,000,000 | 823,000,000 | 833,000,000 | 717,000,000 | 714,000,000 | 737,000,000 | 941,000,000 | 789,000,000 | 741,000,000 | 654,000,000 | 617,000,000 | 538,000,000 | 523,000,000 | 452,000,000 | 477,000,000 | 562,000,000 | 522,000,000 | 593,000,000 | 570,000,000 | 335,000,000 | 365,000,000 | 417,000,000 | 452,000,000 | 363,000,000 | 300,000,000 | 292,000,000 | 320,000,000 | 284,000,000 | 255,000,000 | 297,000,000 | 289,000,000 | 265,000,000 | 250,000,000 | 244,000,000 | 11,800,000 | 12,600,000 | 8,600,000 | 10,200,000 | 8,900,000 | 10,900,000 | 12,200,000 | 12,200,000 | 14,300,000 | 12,800,000 | 14,000,000 | 17,600,000 | 13,700,000 | ||||
accumulated other comprehensive loss | -3,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -4,000,000 | -4,000,000 | -4,000,000 | -4,000,000 | -8,000,000 | -8,000,000 | -8,000,000 | -8,000,000 | -17,000,000 | -17,000,000 | -17,000,000 | -17,000,000 | -15,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -15,000,000 | -15,000,000 | -15,000,000 | -15,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -14,000,000 | -14,000,000 | |||||||||||||||||||||||||
series b preferred units | 611,000,000 | 601,000,000 | 611,000,000 | 601,000,000 | 611,000,000 | 601,000,000 | 611,000,000 | 601,000,000 | 611,000,000 | 601,000,000 | 611,000,000 | 601,000,000 | 611,000,000 | 601,000,000 | |||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred credits and other liabilities | 159,000,000 | 170,000,000 | 155,000,000 | 151,000,000 | 112,000,000 | 115,000,000 | 184,000,000 | 175,000,000 | 175,000,000 | 192,000,000 | 193,000,000 | 195,000,000 | 195,000,000 | 197,000,000 | 205,000,000 | 188,000,000 | 183,000,000 | 188,000,000 | 175,000,000 | 170,000,000 | 168,000,000 | 169,000,000 | 151,000,000 | 176,000,000 | 166,000,000 | 166,000,000 | 1,600,000 | 1,800,000 | 1,400,000 | 2,200,000 | 1,800,000 | 1,600,000 | 1,400,000 | 1,200,000 | 1,300,000 | 800,000 | 700,000 | 600,000 | 1,300,000 | ||||||||||||||||
common unitholder - mpc | 2,638,000,000 | 2,792,000,000 | 2,827,000,000 | 2,951,000,000 | 3,014,000,000 | 4,968,000,000 | 5,767,000,000 | -1,671,000,000 | -1,632,000,000 | -1,612,000,000 | -1,553,000,000 | -1,548,000,000 | -1,537,000,000 | 1,278,000,000 | 1,302,000,000 | 1,161,000,000 | 1,184,000,000 | 1,069,000,000 | 1,097,000,000 | 1,049,000,000 | 1,086,000,000 | 465,000,000 | 492,700,000 | 266,700,000 | 263,800,000 | 261,100,000 | 61,000,000 | 60,500,000 | 59,700,000 | 57,400,000 | 57,900,000 | 58,600,000 | 58,800,000 | 57,400,000 | |||||||||||||||||||||
equity of predecessor | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable preferred units | 1,004,000,000 | 1,004,000,000 | 1,003,000,000 | 1,003,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 993,000,000 | |||||||||||||||||||||||||||||||||||||||||||
increase/(decrease) in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 509,000,000 | 1,834,000,000 | 378,000,000 | 157,000,000 | 139,100,000 | 97,300,000 | 98,600,000 | 55,700,000 | 70,100,000 | 35,300,000 | 144,000,000 | 101,900,000 | |||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | 13,000,000 | 59,000,000 | 25,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 211,000,000 | 766,000,000 | 351,000,000 | 89,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
asset retirement expenditures | -7,000,000 | -1,000,000 | -1,000,000 | -700,000 | -300,000 | -900,000 | -200,000 | -1,600,000 | -400,000 | -9,200,000 | |||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of assets | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from equity method investments | -70,000,000 | -240,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated affiliates | 101,000,000 | 400,000,000 | 66,000,000 | 15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
changes in: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current receivables | 57,000,000 | -122,000,000 | 17,000,000 | -29,000,000 | -1,600,000 | -2,400,000 | 1,300,000 | 4,800,000 | 3,600,000 | -2,000,000 | 1,900,000 | ||||||||||||||||||||||||||||||||||||||||||||
fair value of derivatives | 7,000,000 | -10,000,000 | -22,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
current accounts payable and accrued liabilities | -78,000,000 | 100,000,000 | -16,000,000 | 4,000,000 | 12,700,000 | 14,300,000 | -1,800,000 | -2,300,000 | 1,100,000 | -7,100,000 | -8,000,000 | 800,000 | |||||||||||||||||||||||||||||||||||||||||||
current assets/current liabilities - related parties | -147,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
right of use assets/operating lease liabilities | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue | 14,000,000 | 39,000,000 | 5,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
all other | -4,000,000 | 45,000,000 | 32,000,000 | 17,000,000 | 1,800,000 | 1,100,000 | -1,800,000 | -500,000 | -1,000,000 | 2,400,000 | 300,000 | -5,200,000 | |||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 618,000,000 | 2,826,000,000 | 844,000,000 | 239,000,000 | 184,900,000 | 127,900,000 | 128,400,000 | 71,900,000 | 108,600,000 | 46,700,000 | 190,600,000 | 121,800,000 | |||||||||||||||||||||||||||||||||||||||||||
investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to property, plant and equipment | -457,000,000 | -1,919,000,000 | -652,000,000 | -264,000,000 | -121,100,000 | -63,500,000 | -13,200,000 | -5,100,000 | -40,800,000 | -9,200,000 | -135,600,000 | -109,200,000 | |||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash acquired | 1,000,000 | -451,000,000 | -220,000,000 | -1,218,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
disposal of assets | 7,000,000 | 8,000,000 | 3,000,000 | 400,000 | 400,000 | 1,300,000 | 100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
investments in unconsolidated affiliates | -128,000,000 | -341,000,000 | -640,000,000 | -14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated affiliates - return of capital | 2,000,000 | 16,000,000 | 24,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -575,000,000 | -2,686,000,000 | -1,404,000,000 | -1,498,000,000 | -119,100,000 | -64,200,000 | -9,400,000 | -6,600,000 | -40,800,000 | -9,200,000 | 87,400,000 | 112,600,000 | |||||||||||||||||||||||||||||||||||||||||||
financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt - borrowings | 825,000,000 | 13,186,000,000 | 2,241,000,000 | 1,490,000,000 | 528,200,000 | 528,200,000 | 270,000,000 | 270,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
- repayments | -400,000,000 | -6,780,000,000 | -1,000,000 | -1,441,000,000 | -415,700,000 | -415,400,000 | -15,400,000 | -200,000 | |||||||||||||||||||||||||||||||||||||||||||||||
related party debt - borrowings | 851,000,000 | 3,962,000,000 | 12,000,000 | 301,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | -76,000,000 | -21,000,000 | -11,000,000 | -4,400,000 | -4,400,000 | -2,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
distributions to mpc for acquisitions | -4,111,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests | -6,000,000 | -17,000,000 | -2,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to preferred unitholders | -20,000,000 | -71,000,000 | -33,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to unitholders and general partner | -515,000,000 | -1,819,000,000 | -505,000,000 | -158,000,000 | -13,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from noncontrolling interests | 94,000,000 | 11,000,000 | 128,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in)/provided by financing activities | -26,000,000 | -73,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase/(decrease) in cash, cash equivalents and restricted cash | 17,000,000 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 76,000,000 | 9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 93,000,000 | 76,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables - related parties | 289,000,000 | 318,000,000 | 294,000,000 | 330,000,000 | 160,000,000 | 152,000,000 | 173,000,000 | 198,000,000 | 122,000,000 | 106,000,000 | 113,000,000 | 102,000,000 | |||||||||||||||||||||||||||||||||||||||||||
long-term receivables - related parties | 24,000,000 | 23,000,000 | 22,000,000 | 21,000,000 | 20,000,000 | 18,000,000 | 16,000,000 | 13,000,000 | 4,000,000 | 3,000,000 | 26,000,000 | 25,000,000 | |||||||||||||||||||||||||||||||||||||||||||
payables - related parties | 203,000,000 | 165,000,000 | 273,000,000 | 146,000,000 | 516,000,000 | 317,000,000 | 93,000,000 | 91,000,000 | 75,000,000 | 68,000,000 | 65,000,000 | 512,000,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred revenue - related parties | 51,000,000 | 49,000,000 | 41,000,000 | 43,000,000 | 43,000,000 | 42,000,000 | 39,000,000 | 38,000,000 | 34,000,000 | 35,000,000 | 38,000,000 | 35,000,000 | 32,000,000 | 30,500,000 | 30,000,000 | 33,400,000 | 30,500,000 | 30,100,000 | 30,200,000 | 29,000,000 | 34,000,000 | 27,100,000 | 18,300,000 | 13,200,000 | |||||||||||||||||||||||||||||||
long-term deferred revenue - related parties | 43,000,000 | 43,000,000 | 47,000,000 | 49,000,000 | 43,000,000 | 40,000,000 | 33,000,000 | 26,000,000 | 15,000,000 | 12,000,000 | 10,000,000 | 9,000,000 | 9,000,000 | 8,400,000 | 7,800,000 | 4,600,000 | 4,000,000 | 4,200,000 | 4,300,000 | 4,100,000 | |||||||||||||||||||||||||||||||||||
general partner - mpc | -637,000,000 | -626,000,000 | -242,000,000 | -257,000,000 | 1,013,000,000 | 1,009,000,000 | 485,000,000 | 484,000,000 | 819,000,000 | -652,500,000 | -655,000,000 | -657,700,000 | -659,400,000 | -203,700,000 | -204,100,000 | -204,500,000 | -32,500,000 | -32,500,000 | -32,600,000 | 13,900,000 | 13,700,000 | ||||||||||||||||||||||||||||||||||
impairment expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(gain) on disposal of assets | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from/liabilities to related parties | -50,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid other current assets from related parties | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments - net related party loans | 80,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from equity offerings | 443,000,000 | 1,000,000 | 1,300,000 | 1,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of redeemable preferred units | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to mpc from predecessor | -113,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from mpc | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
consideration payment to class b unitholders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued taxes | 38,000,000 | 44,000,000 | 39,000,000 | 31,000,000 | 33,000,000 | 37,000,000 | 32,000,000 | 24,000,000 | 26,000,000 | 6,300,000 | 8,600,000 | 7,100,000 | 5,200,000 | 5,900,000 | 5,400,000 | 4,800,000 | 4,000,000 | 4,700,000 | 4,600,000 | 3,700,000 | 3,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||
class b unitholders | 133,000,000 | 133,000,000 | 133,000,000 | 133,000,000 | 266,000,000 | 266,000,000 | 266,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
common unitholder - gp | 821,000,000 | 822,000,000 | 351,000,000 | 350,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of assets | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income) income from equity method investments | -6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from / liabilities to related parties | 22,000,000 | -8,000,000 | -4,600,000 | -7,500,000 | 7,700,000 | 6,300,000 | 11,700,000 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
distribution to mpc for acquisition | -1,511,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 619,000,000 | 1,275,000,000 | -2,700,000 | 39,400,000 | -129,900,000 | -78,800,000 | -169,200,000 | -26,300,000 | -61,400,000 | -166,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 59,000,000 | 16,000,000 | 63,100,000 | 103,100,000 | -13,500,000 | -101,400,000 | 11,200,000 | 216,600,000 | 68,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 234,000,000 | 27,000,000 | 27,300,000 | 27,300,000 | 54,100,000 | 54,100,000 | 216,700,000 | 216,700,000 | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 293,000,000 | 43,000,000 | 90,400,000 | 130,400,000 | 43,200,000 | 40,600,000 | 115,300,000 | 227,900,000 | 216,700,000 | 68,500,000 | |||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 143,000,000 | 18,000,000 | 17,000,000 | 15,000,000 | 14,000,000 | 13,000,000 | 540,600,000 | 535,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 15,978,000,000 | 15,677,000,000 | 1,391,100,000 | 1,382,600,000 | 1,354,000,000 | 1,214,500,000 | 1,194,300,000 | 1,181,400,000 | 1,193,700,000 | 1,208,500,000 | 1,218,700,000 | 1,217,700,000 | 1,311,900,000 | ||||||||||||||||||||||||||||||||||||||||||
receivables from related parties | 88,000,000 | 54,900,000 | 52,700,000 | 51,200,000 | 41,000,000 | 45,900,000 | 45,400,000 | 52,500,000 | 48,300,000 | 40,500,000 | 37,100,000 | 40,700,000 | 38,000,000 | 59,700,000 | |||||||||||||||||||||||||||||||||||||||||
long-term receivables from related parties | 25,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payables to related parties | 47,000,000 | 25,100,000 | 21,100,000 | 21,800,000 | 20,200,000 | 17,300,000 | 17,100,000 | 24,200,000 | 12,800,000 | 9,900,000 | 10,100,000 | 10,100,000 | 17,600,000 | 3,700,000 | |||||||||||||||||||||||||||||||||||||||||
subordinated unitholder - mpc | 227,900,000 | 222,500,000 | 217,500,000 | 217,100,000 | 216,000,000 | 214,300,000 | 209,300,000 | 210,400,000 | 208,800,000 | 210,300,000 | 209,300,000 | ||||||||||||||||||||||||||||||||||||||||||||
net income on disposal of assets | 1,000,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings from unconsolidated affiliates | -3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
materials and supplies inventories | 1,000,000 | 11,800,000 | 11,700,000 | 11,500,000 | 11,700,000 | 11,600,000 | 11,700,000 | 11,700,000 | 11,600,000 | 11,600,000 | 12,400,000 | 10,700,000 | |||||||||||||||||||||||||||||||||||||||||||
change in fair value of derivatives | -6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of units in markwest merger | 169,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from mpc - markwest merger | 1,230,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions related to purchase of additional interest in pipe line holdings | -12,000,000 | -310,000,000 | -310,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest retained by mpc | 5,800,000 | 5,700,000 | 5,700,000 | 5,500,000 | 341,800,000 | 340,300,000 | 337,100,000 | 467,900,000 | 474,000,000 | 481,100,000 | |||||||||||||||||||||||||||||||||||||||||||||
depreciation | 38,100,000 | 25,400,000 | 25,000,000 | 12,600,000 | 23,600,000 | 11,700,000 | 39,400,000 | 27,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||
quarterly distributions to unitholders and general partner | -111,600,000 | -70,000,000 | -48,700,000 | -23,700,000 | -33,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
quarterly distributions to noncontrolling interest retained by mpc | -500,000 | -300,000 | -25,800,000 | -14,900,000 | -34,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -10,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments—loans to related party | 221,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt—repayments | -400,000 | -200,000 | -500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions related to purchase of additional 5.0% interest in pipe line holdings | -100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interest | -12,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans receivable from related party | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
materials & supplies inventories | 8,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payroll and benefits payable | 8,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity / net investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net investment | 1,175,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity / net investment | 1,226,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity / net investment | 1,301,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on sale of assets | 300,000 | 300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from / payables to related parties | 26,900,000 | -4,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in related party debt securities – purchases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
– redemptions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments – loans to related party | 221,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt – repayments | -700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from initial public offering | 407,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering distributed to mpc | -202,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from (distributions to) mpc | -262,700,000 | -165,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total net investment | 1,175,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and net investment | 1,250,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in related party debt securities—purchases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
—redemptions |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 922,000,000 | 1,203,000,000 | 1,555,000,000 | 1,058,000,000 | 1,136,000,000 | 1,109,000,000 | 1,047,000,000 | 1,186,000,000 | 1,015,000,000 | 1,144,000,000 | 928,000,000 | 942,000,000 | 952,000,000 | 824,000,000 | 1,437,000,000 | 884,000,000 | 833,000,000 | 838,000,000 | 748,000,000 | -573,000,000 | 1,038,000,000 | 488,000,000 | 509,000,000 | 439,000,000 | 516,000,000 | 456,000,000 | 423,000,000 | 241,000,000 | 217,000,000 | 191,000,000 | 187,000,000 | 132,000,000 | 143,000,000 | 20,000,000 | -37,000,000 | 17,900,000 | 41,800,000 | 51,400,000 | 45,900,000 | 36,400,000 | 43,100,000 | 42,900,000 | 55,700,000 | 36,800,000 | 39,200,000 | 34,800,000 | 35,300,000 | 42,100,000 | ||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs and debt discount | 7,000,000 | 7,000,000 | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 358,000,000 | 355,000,000 | 346,000,000 | 324,000,000 | 326,000,000 | 324,000,000 | 322,000,000 | 320,000,000 | 317,000,000 | 306,000,000 | 301,000,000 | 310,000,000 | 296,000,000 | 305,000,000 | 302,000,000 | 310,000,000 | 313,000,000 | 316,000,000 | 324,000,000 | 318,000,000 | 329,000,000 | 385,000,000 | 346,000,000 | 321,000,000 | 325,000,000 | 338,000,000 | 491,000,000 | 214,000,000 | 211,000,000 | 201,000,000 | 201,000,000 | 188,000,000 | 176,000,000 | 168,000,000 | 164,000,000 | 164,000,000 | 187,000,000 | 139,000,000 | 138,000,000 | 137,000,000 | 132,000,000 | |||||||||||||
loss on disposal of assets | 1,000,000 | -160,000,000 | 0 | 2,000,000 | 1,000,000 | -2,000,000 | 11,000,000 | 7,000,000 | -2,000,000 | 18,000,000 | -17,000,000 | 3,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||
income from equity method investments | -182,000,000 | -155,000,000 | -186,000,000 | -170,000,000 | -186,000,000 | -171,000,000 | -149,000,000 | -325,000,000 | -157,000,000 | -162,000,000 | -159,000,000 | -145,000,000 | -134,000,000 | -125,000,000 | -111,000,000 | -99,000,000 | -35,000,000 | -112,000,000 | -73,000,000 | -70,000,000 | -65,000,000 | -64,000,000 | -50,000,000 | -61,000,000 | -5,000,000 | |||||||||||||||||||||||||||||
distributions from unconsolidated affiliates | 237,000,000 | 233,000,000 | 236,000,000 | 207,000,000 | 188,000,000 | 230,000,000 | 219,000,000 | 197,000,000 | 180,000,000 | 210,000,000 | 195,000,000 | 191,000,000 | 140,000,000 | 173,000,000 | 147,000,000 | 138,000,000 | 120,000,000 | 147,000,000 | 122,000,000 | 120,000,000 | 119,000,000 | 109,000,000 | 124,000,000 | 107,000,000 | 119,000,000 | 146,000,000 | 159,000,000 | 119,000,000 | 101,000,000 | 121,000,000 | 104,000,000 | 107,000,000 | 68,000,000 | 105,000,000 | 70,000,000 | 33,000,000 | 33,000,000 | 37,000,000 | 33,000,000 | 40,000,000 | 38,000,000 | |||||||||||||
change in fair value of derivatives | 64,000,000 | -10,000,000 | -4,000,000 | -7,000,000 | 4,000,000 | -10,000,000 | -3,000,000 | 2,000,000 | 8,000,000 | 15,000,000 | -13,000,000 | -5,000,000 | 15,000,000 | -46,000,000 | -7,000,000 | -9,000,000 | -18,000,000 | 15,000,000 | 3,000,000 | 13,000,000 | 12,000,000 | |||||||||||||||||||||||||||||||||
changes in: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
current receivables | -24,000,000 | 4,000,000 | 12,000,000 | -88,000,000 | -44,000,000 | -87,000,000 | -37,000,000 | -79,000,000 | -16,000,000 | -67,000,000 | -7,000,000 | 38,000,000 | -40,000,000 | 71,000,000 | -21,000,000 | -44,000,000 | 25,000,000 | 57,000,000 | 35,000,000 | -86,000,000 | -63,000,000 | -8,000,000 | 28,000,000 | -37,000,000 | -27,000,000 | 44,000,000 | -8,000,000 | -24,000,000 | -15,000,000 | -5,000,000 | -27,400,000 | 800,000 | -4,000,000 | 1,600,000 | -1,300,000 | 2,000,000 | 2,100,000 | -1,500,000 | 1,200,000 | 3,600,000 | -3,900,000 | |||||||||||||
inventories | -6,000,000 | -7,000,000 | -7,000,000 | -6,000,000 | -6,000,000 | -9,000,000 | -2,000,000 | -5,000,000 | -4,000,000 | -4,000,000 | -8,000,000 | -5,000,000 | -2,000,000 | 2,000,000 | 8,000,000 | -8,000,000 | -7,000,000 | -2,000,000 | -14,000,000 | 3,000,000 | -11,000,000 | -4,000,000 | -1,000,000 | -10,000,000 | 3,000,000 | -6,000,000 | -4,000,000 | -2,000,000 | 3,000,000 | 5,000,000 | -5,000,000 | -7,000,000 | 2,000,000 | 0 | -1,000,000 | -4,000,000 | -1,000,000 | -4,000,000 | 1,000,000 | |||||||||||||||
current liabilities and other current assets | -15,000,000 | 26,000,000 | -33,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
assets and liabilities - related parties | -25,000,000 | 21,000,000 | 5,000,000 | 135,000,000 | -35,000,000 | 107,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
right of use assets and operating lease liabilities | 0 | 2,000,000 | 2,000,000 | -1,000,000 | -6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue | -1,000,000 | -22,000,000 | -19,000,000 | -21,000,000 | -12,000,000 | -7,000,000 | -11,000,000 | 4,000,000 | 9,000,000 | 42,000,000 | 30,000,000 | 32,000,000 | 3,000,000 | 44,000,000 | 23,000,000 | 25,000,000 | 16,000,000 | 23,000,000 | 22,000,000 | 19,000,000 | 24,000,000 | 27,000,000 | 36,000,000 | 22,000,000 | 27,000,000 | 42,000,000 | 29,000,000 | 15,000,000 | 14,000,000 | 9,000,000 | 14,000,000 | 9,000,000 | 7,000,000 | |||||||||||||||||||||
all other | 11,000,000 | -5,000,000 | 0 | 6,000,000 | -2,000,000 | -8,000,000 | 3,000,000 | 13,000,000 | -3,000,000 | -28,000,000 | 9,000,000 | -6,000,000 | 9,000,000 | -17,000,000 | 15,000,000 | -9,000,000 | 45,000,000 | 15,000,000 | -18,000,000 | 14,000,000 | 15,000,000 | -3,000,000 | -20,000,000 | -4,000,000 | 30,000,000 | -14,000,000 | 27,000,000 | 0 | -4,000,000 | 50,000,000 | 9,000,000 | -17,000,000 | 3,000,000 | -15,000,000 | 11,000,000 | 16,000,000 | 16,000,000 | 2,000,000 | -3,000,000 | 6,000,000 | 15,000,000 | 15,200,000 | 700,000 | 2,500,000 | -1,400,000 | -1,300,000 | -500,000 | 2,000,000 | 1,400,000 | -3,400,000 | 2,400,000 | 5,500,000 | ||
net cash from operating activities | 1,347,000,000 | 1,496,000,000 | 1,431,000,000 | 1,736,000,000 | 1,246,000,000 | 1,675,000,000 | 1,415,000,000 | 1,565,000,000 | 1,291,000,000 | 1,489,000,000 | 1,244,000,000 | 1,437,000,000 | 1,227,000,000 | 1,368,000,000 | 1,039,000,000 | 1,487,000,000 | 1,125,000,000 | 1,240,000,000 | 1,182,000,000 | 1,365,000,000 | 1,124,000,000 | 1,185,000,000 | 1,222,000,000 | 1,105,000,000 | 1,009,000,000 | 1,092,000,000 | 1,538,000,000 | 834,000,000 | 618,000,000 | 799,000,000 | 737,000,000 | 840,000,000 | 450,000,000 | 569,000,000 | 494,000,000 | 467,000,000 | 377,000,000 | 356,000,000 | 339,000,000 | 298,000,000 | 295,000,000 | 54,100,000 | 57,000,000 | 69,400,000 | 58,500,000 | 56,500,000 | 61,900,000 | 56,500,000 | 71,900,000 | 45,100,000 | 58,500,000 | 61,900,000 | 46,700,000 | 68,800,000 |
capital expenditures | -575,000,000 | -714,000,000 | -526,000,000 | -301,000,000 | -267,000,000 | -308,000,000 | -280,000,000 | -213,000,000 | -255,000,000 | -275,000,000 | -230,000,000 | -263,000,000 | -169,000,000 | -271,000,000 | -241,000,000 | -125,000,000 | -169,000,000 | -155,000,000 | -139,000,000 | -109,000,000 | -126,000,000 | -201,000,000 | -274,000,000 | -329,000,000 | -379,000,000 | -688,000,000 | -836,000,000 | -427,000,000 | -457,000,000 | -536,000,000 | -521,000,000 | -407,000,000 | -455,000,000 | -407,000,000 | -352,000,000 | -372,000,000 | -280,000,000 | -332,000,000 | -305,000,000 | -278,000,000 | -291,000,000 | -142,900,000 | -57,600,000 | -33,800,000 | -29,700,000 | -31,500,000 | -33,900,000 | -8,100,000 | -5,100,000 | -25,500,000 | -40,200,000 | -31,600,000 | -9,200,000 | -26,400,000 |
free cash flows | 772,000,000 | 782,000,000 | 905,000,000 | 1,435,000,000 | 979,000,000 | 1,367,000,000 | 1,135,000,000 | 1,352,000,000 | 1,036,000,000 | 1,214,000,000 | 1,014,000,000 | 1,174,000,000 | 1,058,000,000 | 1,097,000,000 | 798,000,000 | 1,362,000,000 | 956,000,000 | 1,085,000,000 | 1,043,000,000 | 1,256,000,000 | 998,000,000 | 984,000,000 | 948,000,000 | 776,000,000 | 630,000,000 | 404,000,000 | 702,000,000 | 407,000,000 | 161,000,000 | 263,000,000 | 216,000,000 | 433,000,000 | -5,000,000 | 162,000,000 | 142,000,000 | 95,000,000 | 97,000,000 | 24,000,000 | 34,000,000 | 20,000,000 | 4,000,000 | -88,800,000 | -600,000 | 35,600,000 | 28,800,000 | 25,000,000 | 28,000,000 | 48,400,000 | 66,800,000 | 19,600,000 | 18,300,000 | 30,300,000 | 37,500,000 | 42,400,000 |
investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to property, plant and equipment | -575,000,000 | -714,000,000 | -526,000,000 | -301,000,000 | -267,000,000 | -308,000,000 | -280,000,000 | -213,000,000 | -255,000,000 | -275,000,000 | -230,000,000 | -263,000,000 | -169,000,000 | -271,000,000 | -241,000,000 | -125,000,000 | -169,000,000 | -155,000,000 | -139,000,000 | -109,000,000 | -126,000,000 | -201,000,000 | -274,000,000 | -329,000,000 | -379,000,000 | -688,000,000 | -836,000,000 | -427,000,000 | -457,000,000 | -536,000,000 | -521,000,000 | -407,000,000 | -455,000,000 | -407,000,000 | -352,000,000 | -372,000,000 | -280,000,000 | -332,000,000 | -305,000,000 | -278,000,000 | -291,000,000 | -142,900,000 | -57,600,000 | -33,800,000 | -29,700,000 | -31,500,000 | -33,900,000 | -8,100,000 | -5,100,000 | -25,500,000 | -40,200,000 | -31,600,000 | -9,200,000 | -26,400,000 |
acquisitions, net of cash acquired | 14,000,000 | 0 | -3,079,000,000 | 0 | -237,000,000 | 0 | 0 | 0 | -622,000,000 | 0 | 0 | 0 | 0 | 5,000,000 | 1,000,000 | 0 | 0 | -29,000,000 | 0 | -220,000,000 | ||||||||||||||||||||||||||||||||||
disposal of assets | 4,000,000 | 974,000,000 | 0 | 0 | 1,000,000 | 1,000,000 | 7,000,000 | 10,000,000 | 7,000,000 | 64,000,000 | 3,000,000 | 49,000,000 | 3,000,000 | 4,000,000 | 70,000,000 | 2,000,000 | 11,000,000 | 4,000,000 | 39,000,000 | 16,000,000 | 6,000,000 | 1,000,000 | 7,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 4,000,000 | -1,000,000 | 0 | 1,200,000 | |||||||||||||||||||||
investments - acquisitions and contributions | -238,000,000 | -232,000,000 | -309,000,000 | -348,000,000 | -119,000,000 | -50,000,000 | -260,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
investments - redemptions, repayments, return of capital and sales proceeds | 150,000,000 | 83,000,000 | 39,000,000 | 21,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -791,000,000 | 78,000,000 | -3,731,000,000 | -602,000,000 | -601,000,000 | -349,000,000 | -536,000,000 | -114,000,000 | -996,000,000 | -525,000,000 | -236,000,000 | -271,000,000 | -220,000,000 | -280,000,000 | -265,000,000 | -135,000,000 | -276,000,000 | -141,000,000 | -132,000,000 | -155,000,000 | -90,000,000 | -202,000,000 | -283,000,000 | -415,000,000 | -362,000,000 | -874,000,000 | -1,014,000,000 | -600,000,000 | -575,000,000 | -659,000,000 | -1,073,000,000 | -464,000,000 | -490,000,000 | -470,000,000 | -433,000,000 | -451,000,000 | -953,000,000 | -363,000,000 | -323,000,000 | -286,000,000 | -240,000,000 | -1,378,900,000 | -54,900,000 | -34,900,000 | -29,300,000 | -32,000,000 | -33,700,000 | -2,800,000 | -6,600,000 | -32,600,000 | -40,200,000 | -31,600,000 | -9,200,000 | -25,200,000 |
financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt borrowings | 1,489,000,000 | 0 | 4,563,000,000 | 1,000,000 | 1,977,000,000 | 0 | 0 | 0 | 0 | 0 | 1,589,000,000 | |||||||||||||||||||||||||||||||||||||||||||
long-term debt repayments | -1,505,000,000 | 0 | -762,000,000 | -1,202,000,000 | -500,000,000 | -1,150,000,000 | 0 | 0 | 0 | -1,000,000 | -1,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | -15,000,000 | -1,000,000 | -42,000,000 | -1,000,000 | -19,000,000 | 0 | -1,000,000 | 0 | 0 | 0 | -15,000,000 | 0 | -13,000,000 | 0 | -16,000,000 | -2,000,000 | 0 | -23,000,000 | 0 | 0 | -53,000,000 | -4,000,000 | -4,000,000 | 0 | -21,000,000 | -6,600,000 | 0 | -600,000 | -3,800,000 | |||||||||||||||||||||||||
unit repurchases | -50,000,000 | -100,000,000 | -100,000,000 | -100,000,000 | -100,000,000 | -100,000,000 | -76,000,000 | -75,000,000 | -75,000,000 | -176,000,000 | -180,000,000 | -35,000,000 | -100,000,000 | -165,000,000 | -155,000,000 | -155,000,000 | -155,000,000 | |||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests | -11,000,000 | -11,000,000 | -11,000,000 | -11,000,000 | -11,000,000 | -11,000,000 | -11,000,000 | -11,000,000 | -11,000,000 | -11,000,000 | -11,000,000 | -9,000,000 | -10,000,000 | -9,000,000 | -10,000,000 | -10,000,000 | -9,000,000 | -10,000,000 | -9,000,000 | -10,000,000 | -10,000,000 | -11,000,000 | -9,000,000 | -8,000,000 | -9,000,000 | -10,000,000 | -8,000,000 | -6,000,000 | -6,000,000 | -7,000,000 | -4,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -2,000,000 | 0 | -2,000,000 | 0 | -2,000,000 | 0 | -1,000,000 | |||||||||||||
distributions to series a preferred unitholders | 0 | 0 | 0 | -6,000,000 | -6,000,000 | -5,000,000 | -10,000,000 | -23,000,000 | -25,000,000 | -23,000,000 | -23,000,000 | -23,000,000 | -22,000,000 | -21,000,000 | -21,000,000 | -21,000,000 | -39,000,000 | -20,000,000 | -21,000,000 | -20,000,000 | -20,000,000 | -20,000,000 | -21,000,000 | -20,000,000 | -20,000,000 | -21,000,000 | ||||||||||||||||||||||||||||
distributions to lp unitholders | -1,093,000,000 | -1,095,000,000 | -975,000,000 | -976,000,000 | -972,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
contributions from mpc | 4,000,000 | 4,000,000 | 6,000,000 | 7,000,000 | 7,000,000 | 9,000,000 | 8,000,000 | 8,000,000 | 10,000,000 | 11,000,000 | 7,000,000 | 5,000,000 | 8,000,000 | 14,000,000 | 13,000,000 | 7,000,000 | 10,000,000 | 14,000,000 | 14,000,000 | 10,000,000 | 7,000,000 | 16,000,000 | 14,000,000 | 6,000,000 | 14,000,000 | 22,000,000 | ||||||||||||||||||||||||||||
net cash from financing activities | -1,187,000,000 | -1,202,000,000 | 2,679,000,000 | -2,282,000,000 | 370,000,000 | -2,233,000,000 | -954,000,000 | 665,000,000 | -958,000,000 | -876,000,000 | -803,000,000 | -804,000,000 | -852,000,000 | -971,000,000 | -951,000,000 | -1,096,000,000 | -820,000,000 | -1,125,000,000 | -1,019,000,000 | -1,226,000,000 | -1,025,000,000 | -996,000,000 | -978,000,000 | -680,000,000 | -605,000,000 | -244,000,000 | -499,000,000 | 366,000,000 | -373,000,000 | 37,000,000 | -97,000,000 | -351,000,000 | 12,000,000 | 607,000,000 | 33,000,000 | 157,000,000 | 19,000,000 | -94,000,000 | 1,277,700,000 | -42,100,000 | -36,600,000 | 76,000,000 | -29,400,000 | -39,200,000 | -51,100,000 | -78,800,000 | -45,300,000 | -46,700,000 | -142,900,000 | -26,300,000 | 104,600,000 | |||
net change in cash, cash equivalents and restricted cash | -631,000,000 | 372,000,000 | 379,000,000 | -1,148,000,000 | 1,015,000,000 | -907,000,000 | -75,000,000 | 2,116,000,000 | -663,000,000 | 88,000,000 | 205,000,000 | 362,000,000 | 155,000,000 | 117,000,000 | ||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 2,137,000,000 | 0 | 0 | 0 | 1,519,000,000 | 0 | 0 | 0 | 1,048,000,000 | 0 | 0 | 0 | 238,000,000 | 0 | 0 | 0 | 13,000,000 | 0 | 0 | 0 | 15,000,000 | 0 | 0 | 0 | 15,000,000 | 0 | 9,000,000 | 0 | 76,000,000 | 0 | 0 | 0 | 9,000,000 | |||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 1,506,000,000 | 372,000,000 | 379,000,000 | -1,148,000,000 | 2,534,000,000 | -907,000,000 | -75,000,000 | 2,116,000,000 | 385,000,000 | 88,000,000 | 205,000,000 | 362,000,000 | 393,000,000 | 117,000,000 | -177,000,000 | 256,000,000 | 42,000,000 | -26,000,000 | 31,000,000 | -16,000,000 | 24,000,000 | -13,000,000 | -39,000,000 | 10,000,000 | 57,000,000 | -26,000,000 | 34,000,000 | -86,000,000 | 93,000,000 | 37,000,000 | 30,000,000 | 3,000,000 | 6,000,000 | |||||||||||||||||||||
deferred income taxes | 6,000,000 | 2,000,000 | 4,000,000 | 0 | -1,000,000 | 0 | 0 | 4,000,000 | -1,000,000 | 0 | 0 | 0 | -3,000,000 | 3,000,000 | 0 | -2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 4,000,000 | -3,000,000 | 1,000,000 | -1,000,000 | -3,000,000 | -9,000,000 | -4,000,000 | -400,000 | 0 | ||||||||||||||||||||||||||
gain on equity method investments | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
related party debt borrowings | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
related party debt repayments | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of series b preferred units | 0 | 0 | 0 | -600,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to series b preferred unitholders | 0 | 0 | 0 | -21,000,000 | 0 | -20,000,000 | 0 | -21,000,000 | 0 | -20,000,000 | 0 | -21,000,000 | 0 | -20,000,000 | 0 | -21,000,000 | 0 | |||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | 10,000,000 | 13,000,000 | 14,000,000 | 14,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 12,000,000 | 17,000,000 | 18,000,000 | 19,000,000 | 18,000,000 | 18,000,000 | 17,000,000 | 18,000,000 | 18,000,000 | 17,000,000 | 17,000,000 | 15,000,000 | 15,000,000 | 14,000,000 | 13,000,000 | 3,000,000 | 13,000,000 | 13,000,000 | 14,000,000 | 15,000,000 | 14,000,000 | 16,000,000 | 15,000,000 | 13,000,000 | 13,000,000 | 12,000,000 | 12,000,000 | 11,000,000 | 12,000,000 | 11,000,000 | |||||||||||||||||
receivables | -100,000,000 | 42,000,000 | 21,000,000 | 22,000,000 | 95,000,000 | 45,000,000 | -85,000,000 | 16,000,000 | 38,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
current accounts payable and other current assets and liabilities | -76,000,000 | 59,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales-type leases and equity method investments | 0 | 0 | 0 | -20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
- redemptions, repayments, return of capital and sales proceeds | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to unitholders and general partner | -868,000,000 | -864,000,000 | -853,000,000 | -852,000,000 | -776,000,000 | -776,000,000 | -777,000,000 | -777,000,000 | -714,000,000 | -714,000,000 | -716,000,000 | -1,306,000,000 | -705,000,000 | -708,000,000 | -713,000,000 | -722,000,000 | -717,000,000 | -728,000,000 | -717,000,000 | -704,000,000 | -693,000,000 | -523,000,000 | -515,000,000 | -507,000,000 | -498,000,000 | -467,000,000 | -347,000,000 | -320,000,000 | -295,000,000 | -263,000,000 | -242,000,000 | -233,000,000 | -221,000,000 | -201,000,000 | -190,000,000 | -13,300,000 | ||||||||||||||||||
assets/liabilities - related parties | 75,000,000 | -46,000,000 | -5,000,000 | -34,000,000 | 79,000,000 | 44,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
right of use assets/operating lease liabilities | -1,000,000 | 2,000,000 | 3,000,000 | -1,000,000 | -4,000,000 | -1,000,000 | -4,000,000 | 1,000,000 | 2,000,000 | -1,000,000 | -3,000,000 | -1,000,000 | 3,000,000 | -4,000,000 | -2,000,000 | 3,000,000 | 0 | 3,000,000 | ||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | -115,000,000 | 16,000,000 | 39,000,000 | 35,000,000 | -130,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
investments in unconsolidated affiliates | -119,000,000 | -8,000,000 | -13,000,000 | -26,000,000 | -51,000,000 | -19,000,000 | -42,000,000 | -46,000,000 | -110,000,000 | -35,000,000 | -32,000,000 | -49,000,000 | -35,000,000 | -22,000,000 | -22,000,000 | -131,000,000 | -91,000,000 | -219,000,000 | -184,000,000 | -182,000,000 | -128,000,000 | -126,000,000 | -103,000,000 | -74,000,000 | -38,000,000 | -71,000,000 | -50,000,000 | -86,000,000 | -554,000,000 | -31,000,000 | -17,000,000 | -10,000,000 | -29,000,000 | |||||||||||||||||||||
impairment expense | 0 | 0 | 0 | 0 | 0 | 2,165,000,000 | 0 | 0 | 1,000,000 | 129,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated affiliates - return of capital | 0 | 0 | 11,000,000 | 2,000,000 | 41,000,000 | 69,000,000 | 16,000,000 | 0 | 0 | 2,000,000 | 0 | 1,000,000 | 2,000,000 | 0 | 4,000,000 | 20,000,000 | ||||||||||||||||||||||||||||||||||||||
gain on sales-type leases | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from equity method investments | -93,000,000 | -70,000,000 | -49,000,000 | 2,000,000 | -6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt - borrowings | 0 | 994,000,000 | 0 | 2,385,000,000 | 1,175,000,000 | 200,000,000 | 890,000,000 | 1,910,000,000 | 820,000,000 | 3,490,000,000 | 1,175,000,000 | 1,325,000,000 | 500,000,000 | 6,399,000,000 | 1,450,000,000 | 825,000,000 | 2,451,000,000 | 1,125,000,000 | 0 | 9,610,000,000 | 250,000,000 | 420,000,000 | 0 | 2,241,000,000 | 0 | 0 | 128,000,000 | 306,000,000 | 961,800,000 | 0 | 0 | 528,200,000 | 890,000,000 | 0 | 0 | 270,000,000 | ||||||||||||||||||
- repayments | 0 | -1,001,000,000 | 0 | -1,201,000,000 | -875,000,000 | -1,200,000,000 | -1,726,000,000 | -2,020,000,000 | -1,042,000,000 | -3,690,000,000 | -1,101,000,000 | -581,000,000 | -501,000,000 | -5,762,000,000 | -1,261,000,000 | -400,000,000 | -1,999,000,000 | -126,000,000 | 0 | -4,655,000,000 | -165,000,000 | -250,000,000 | 0 | -1,000,000 | 0 | -1,000,000 | -454,000,000 | -857,000,000 | -1,025,300,000 | -300,000 | -200,000 | -415,200,000 | -510,300,000 | -200,000 | -15,200,000 | -200,000 | ||||||||||||||||||
related party debt - borrowings | 165,000,000 | 0 | 975,000,000 | 1,849,000,000 | 1,922,000,000 | 2,136,000,000 | 2,194,000,000 | 2,241,000,000 | 1,394,000,000 | 2,162,000,000 | 1,041,000,000 | 1,667,000,000 | 1,605,000,000 | 4,642,000,000 | 2,215,000,000 | 851,000,000 | 1,567,000,000 | 1,235,000,000 | 708,000,000 | 452,000,000 | 1,540,000,000 | 817,000,000 | 0 | 12,000,000 | 317,000,000 | 362,000,000 | 416,000,000 | 1,437,000,000 | ||||||||||||||||||||||||||
current accounts payable and accrued liabilities | -204,000,000 | 180,000,000 | 73,000,000 | 27,000,000 | 89,000,000 | 51,000,000 | 26,000,000 | 63,000,000 | 75,000,000 | 40,000,000 | -142,000,000 | 22,000,000 | -5,000,000 | 2,000,000 | -78,000,000 | -51,000,000 | 32,000,000 | 163,000,000 | -44,000,000 | 42,000,000 | 22,000,000 | 43,000,000 | -59,000,000 | 41,000,000 | 41,000,000 | 33,000,000 | -15,000,000 | -8,700,000 | -1,600,000 | 9,300,000 | 5,000,000 | -400,000 | 2,700,000 | 500,000 | -2,300,000 | -5,300,000 | 1,600,000 | 8,200,000 | -7,100,000 | -8,800,000 | ||||||||||||||
current assets/current liabilities - related parties | -112,000,000 | 7,000,000 | -7,000,000 | 109,000,000 | -8,000,000 | -28,000,000 | 9,000,000 | 79,000,000 | -52,000,000 | -15,000,000 | -40,000,000 | 39,000,000 | -147,000,000 | |||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 256,000,000 | 29,000,000 | -26,000,000 | 9,000,000 | -3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
asset retirement expenditures | 0 | 0 | 0 | -2,000,000 | -4,000,000 | -1,000,000 | 0 | -1,000,000 | 0 | -1,000,000 | -2,000,000 | -1,000,000 | -300,000 | -400,000 | -200,000 | -100,000 | -600,000 | -100,000 | -700,000 | -200,000 | -4,900,000 | -1,800,000 | -1,200,000 | -400,000 | ||||||||||||||||||||||||||||||
fair value of derivatives | 4,000,000 | 2,000,000 | 36,000,000 | 3,000,000 | 2,000,000 | 10,000,000 | 6,000,000 | -15,000,000 | 6,000,000 | -11,000,000 | 0 | 7,000,000 | -26,000,000 | -9,000,000 | 9,000,000 | 19,000,000 | ||||||||||||||||||||||||||||||||||||||
distributions to common and series b preferred unitholders from predecessor | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from noncontrolling interests | 1,000,000 | 0 | 0 | 94,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 1,000,000 | 1,000,000 | 0 | 2,000,000 | 126,000,000 | 2,000,000 | 2,000,000 | 0 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||
increase in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase/(decrease) in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/ | -2,716,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income/(loss) to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income)/income from equity method investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease)/increase in cash, cash equivalents and restricted cash | 42,000,000 | -26,000,000 | 25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease)/increase in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (loss)/income | 700,000,000 | 674,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(gain) on disposal of assets | 3,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(income) from equity method investments | -76,000,000 | -83,000,000 | -89,000,000 | 1,184,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to mpc for acquisitions | 0 | -11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase/(decrease) in cash, cash equivalents and restricted cash | -39,000,000 | 17,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain)/loss on disposal of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of assets | 0 | 0 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investments - net related party loans | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from equity offerings | 0 | 40,000,000 | 292,000,000 | 151,000,000 | 282,000,000 | 189,000,000 | 0 | 321,000,000 | -300,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
distributions to mpc from predecessor | 0 | 0 | 0 | -113,000,000 | 0 | 0 | 0 | -104,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
consideration payment to class b unitholders | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
partnership | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
common unit-holder public | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at december 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
unit issuances under atm program | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b unit conversion | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
allocation of mpc's net investment at acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
mpc from predecessor | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
mpc for acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
unitholders and general partner | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
mpc of cash received from joint-interest acquisition entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
mpc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at december 31, 2017 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of gp economic interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of series a preferred units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at december 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at march 31, 2018 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at june 30, 2018 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at september 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to preferred unitholders | -20,000,000 | -19,000,000 | -19,000,000 | -17,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -17,000,000 | -16,000,000 | -16,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash (used in)/provided by financing activities | -26,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from/liabilities to related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid other current assets from related parties | 2,000,000 | 1,000,000 | 3,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of redeemable preferred units | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from / liabilities to related parties | -17,000,000 | 31,000,000 | -127,000,000 | 2,000,000 | 39,000,000 | 40,000,000 | -18,000,000 | -9,000,000 | 9,000,000 | -17,000,000 | 23,000,000 | -3,400,000 | 2,900,000 | -2,400,000 | -5,100,000 | 8,000,000 | -500,000 | 1,400,000 | 6,300,000 | 2,000,000 | 5,200,000 | 8,700,000 | 3,000,000 | |||||||||||||||||||||||||||||||
distributions of cash received from joint-interest acquisition entities to mpc | 0 | -11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to mpc for acquisition | -4,100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of units in markwest merger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from mpc - markwest merger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to mpc for acquisition | 0 | -420,000,000 | 0 | -1,511,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
contribution from mpc | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions related to purchase of additional interest in pipe line holdings | -600,000,000 | 0 | 0 | -310,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 2,000,000 | -290,000,000 | 28,000,000 | 31,000,000 | 26,000,000 | 173,000,000 | 31,000,000 | -39,000,000 | -47,100,000 | -40,000,000 | -2,100,000 | 105,200,000 | -13,500,000 | -32,800,000 | -28,400,000 | -112,600,000 | 11,200,000 | 148,200,000 | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 234,000,000 | 0 | 0 | 0 | 43,000,000 | -300,000 | 0 | 0 | 27,300,000 | 0 | 0 | 0 | 54,100,000 | 0 | 0 | 0 | 216,700,000 | 0 | |||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 2,000,000 | -290,000,000 | 28,000,000 | 265,000,000 | 26,000,000 | 173,000,000 | 31,000,000 | 4,000,000 | -47,400,000 | -40,000,000 | -2,100,000 | 132,500,000 | -4,900,000 | -11,000,000 | 2,600,000 | 40,600,000 | -32,800,000 | -28,400,000 | -112,600,000 | 227,900,000 | 148,200,000 | |||||||||||||||||||||||||||||||||
(income) income from equity method investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments - loans from (to) related parties | 80,000,000 | 0 | 0 | 77,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
investments - loans to (from) related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on disposal of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings from unconsolidated affiliates | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on disposal of assets | 800,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
materials and supplies inventories | 1,100,000 | 100,000 | -100,000 | -100,000 | 200,000 | 400,000 | 0 | 300,000 | 200,000 | 1,200,000 | 1,700,000 | -1,800,000 | ||||||||||||||||||||||||||||||||||||||||||
depreciation | 12,700,000 | 12,700,000 | 12,700,000 | 12,700,000 | 12,500,000 | 12,400,000 | 12,600,000 | 12,600,000 | 12,700,000 | 11,900,000 | 11,700,000 | 11,600,000 | ||||||||||||||||||||||||||||||||||||||||||
quarterly distributions to unitholders and general partner | -41,600,000 | -36,900,000 | -33,100,000 | -27,900,000 | -26,500,000 | -25,000,000 | -23,700,000 | -22,400,000 | -21,500,000 | |||||||||||||||||||||||||||||||||||||||||||||
quarterly distributions to noncontrolling interest retained by mpc | -200,000 | -200,000 | -100,000 | -8,600,000 | -12,500,000 | -10,900,000 | -14,900,000 | -22,800,000 | -25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
investments - repayments of loans receivable from a related party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering distributed to mpc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to mpc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -11,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss on disposal of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in related party debt securities - purchases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
- redemptions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments - loans to a related party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
- repayments of loans receivable from a related party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt - repayments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from initial public offering | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from (distributions to) mpc | -97,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
investments-repayments of loans receivable from a related party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt-repayments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments—loans to related party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt—repayments | -200,000 | -200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions related to purchase of additional 5.0% interest in pipe line holdings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interest | -12,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on sale of assets | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
materials & supplies inventories | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from / payables to related parties | 31,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in related party debt securities – purchases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
– redemptions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments – loans to related party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt – repayments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in related party debt securities—purchases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
—redemptions |