Slide 1: Second Quarter 2026 Table of Contents: Investor Relations
Second Quarter 2026 Table of Contents: Investor Relations Consolidated Statements of Income 2 200 East Hardin Street Consolidated Statements of Comprehensive Income 3 Findlay, OH 45840 Consolidated Balance Sheets 4 IR@marathonpetroleum.com Consolidated Statements of Cash Flows 5 419/421-2071 Financi
Slide 2: Consolidated Statements of Income
CONSOLIDATED STATEMENTS OF INCOME MPLX LP Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions, except per unit data) 2024 2025 2025 2025 2025 2025 2026 2026 2026 Revenues and other income: 1 Service revenue $ 2,770 $ 707 $ 696 $ 750 $ 746 $ 2,899 $ 711 $ 703 $ 1,414 2 Service
Slide 3: Consolidated Statements of Comprehensive Income
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME MPLX LP Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions) 2024 2025 2025 2025 2025 2025 2026 2026 2026 1 Net income $ 4,357 $ 1,136 $ 1,058 $ 1,555 $ 1,203 $ 4,952 $ 922 $ 1,087 $ 2,009 Other comprehensive income, net of tax:
Slide 4: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS MPLX LP (In millions, except ratio data) December 31, 2024 December 31, 2025 March 31, 2026 June 30, 2026 Assets 1 Cash and cash equivalents $ 1,519 $ 2,137 $ 1,506 $ 1,031 2 Receivables, less allowance for expected credit loss 718 735 769 672 3 Current assets - related p
Slide 5: Consolidated Statements of Cash Flows (YTD)
CONSOLIDATED STATEMENTS OF CASH FLOWS (YTD) MPLX LP Dec. 31 Mar. 31 Jun. 30 Sep. 30 Dec. 31 Mar. 31 Jun. 30 (In millions) 2024 2025 2025 2025 2025 2026 2026 Operating activities: 1 Net income $ 4,357 $ 1,136 $ 2,194 $ 3,749 $ 4,952 $ 922 $ 2,009 Adjustments to reconcile net income to net cash provid
Slide 6: Financial Statistics
FINANCIAL STATISTICS MPLX LP Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions, except ratio and per unit data) 2024 2025 2025 2025 2025 2025 2026 2026 2026 Common unit distributions: 1 Common units (LP) - public $ 1,339 $ 357 $ 356 $ 397 $ 396 $ 1,506 $ 395 $ 395 $ 790 2 C
Slide 7: Crude Oil and Products Logistics Selected Operating Data
Crude Oil and Products Logistics Selected Operating Data MPLX LP Crude Oil and Products Logistics Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year 2024 2025 2025 2025 2025 2025 2026 2026 2026 Pipeline throughput (mbpd): 1 Crude oil pipelines 3,785 3,908 4,012 3,867 3,811 3,899 3,683 3,
Slide 8: Natural Gas and NGL Services Selected Operating Data
Natural Gas and NGL Services Selected Operating Data MPLX LP Natural Gas and NGL Services (Consolidated entities plus Partnership- Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year Operated Equity Method Investments) 2024 2025 2025 2025 2025 2025 2026 2026 2026 Gathering throughput (MMc
Slide 9: Reconciliation of Segment Adjusted EBITDA to Income from Operations and Net Income
Reconciliation of Segment Adjusted EBITDA attributable to MPLX LP to Income from Operations and Net Income MPLX LP Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions) 2024 2025 2025 2025 2025 2025 2026 2026 2026 Crude Oil and Products Logistics 1 Segment adjusted EBITDA $ 4,
Slide 10: Reconciliation of Adjusted EBITDA and DCF attributable to LP Unitholders from Net Income
Reconciliation of Adjusted EBITDA attributable to MPLX LP and Distributable Cash Flow attributable to LP Unitholders from Net Income MPLX LP Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions) 2024 2025 2025 2025 2025 2025 2026 2026 2026 1 Net income $ 4,357 $ 1,136 $ 1,058
Slide 11: Reconciliation of Adjusted EBITDA and DCF from Net Cash Provided by Operating Activities (YTD)
Reconciliation of Adjusted EBITDA attributable to MPLX LP and Distributable Cash Flow attributable to LP Unitholders from Net Cash Provided by Operating Activities (YTD) MPLX LP Dec. 31 Mar. 31 Jun. 30 Sep. 30 Dec. 31 Mar. 31 Jun. 30 (In millions) 2024 2025 2025 2025 2025 2026 2026 1 Net cash provid
Slide 12: Reconciliation of Net Cash from Operating Activities to Adjusted Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Adjusted Free Cash Flow and Adjusted Free Cash Flow after Distributions MPLX LP Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions) 2024 2025 2025 2025 2025 2025 2026 2026 2026 1 Net cash provided by operating ac
Slide 13: Capital Expenditures
Capital Expenditures MPLX LP Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions) 2024 2025 2025 2025 2025 2025 2026 2026 2026 Capital Expenditures: 1 Growth capital expenditures $ 796 $ 220 $ 286 $ 513 $ 649 $ 1,668 $ 608 $ 746 $ 1,354 2 Growth capital reimbursements (115) (