Slide 1: Second Quarter 2021 Table of Contents: Investor Relations
Second Quarter 2021 Table of Contents: Investor Relations 200 East Hardin Street Consolidated Statements of Income 2 Findlay, OH 45840 Consolidated Statements of Comprehensive Income 3 MPLXInvestorRelations@marathonpetroleum.com Consolidated Balance Sheets 4 419/421-2071 Consolidated Statements of C
Slide 2: Consolidated Statements of Income
CONSOLIDATED STATEMENTS OF INCOME MPLX LP Year Year Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions, except per unit data) 2017 2018 2019 2020 2020 2020 2020 2020 2021 2021 2021 Revenues and other income: 1 Service revenue $ 1,156 $ 1,856 $ 2,498 $ 612 $ 563 $ 604 $ 618 $
Slide 3: Consolidated Statements of Comprehensive Income
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME MPLX LP Year Year Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions) 2017 2018 2019 2020 2020 2020 2020 2020 2021 2021 2021 1 Net income (loss) $ 836 $ 2,006 $ 1,462 $ (2,716) $ 655 $ 674 $ 700 $ (687) $ 748 $ 715 $ 1,463 Othe
Slide 4: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS MPLX LP (In millions, except ratio data) Dec 31, 2017 Dec 31, 2018 Dec 31, 2019 Dec 31, 2020 Mar 31, 2021 Jun 30, 2021 Assets Current assets: 1 Cash and cash equivalents $ 5 $ 77 $ 15 $ 15 $ 24 $ 8 2 Receivables, net 292 611 593 452 523 538 3 Current assets - related part
Slide 5: Consolidated Statements of Cash Flows (YTD)
CONSOLIDATED STATEMENTS OF CASH FLOWS (YTD) MPLX LP Dec. 31 Dec. 31 Dec. 31 Mar. 31 Jun. 30 Sep. 30 Dec. 31 Mar. 31 Jun. 30 (In millions) 2017 2018 2019 2020 2020 2020 2020 2021 2021 (Decrease) increase in cash, cash equivalents and restricted cash Operating activities: 1 Net income (loss) $ 836 $ 2
Slide 6: Financial Statistics
FINANCIAL STATISTICS MPLX LP Year Year Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions, except ratio and per unit data) 2017 2018 2019 2020 2020 2020 2020 2020 2021 2021 2021 Common unit distributions: (1) 1 Common units (LP) - public $ 656 $ 732 $ 988 $ 270 $ 270 $ 270 $
Slide 7: L&S Selected Operating Data
L&S Selected Operating Data MPLX LP Logistics and Storage Year Year Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year 2017 2018 2019 2020 2020 2020 2020 2020 2021 2021 2021 Pipeline throughput (mbpd): 1 Crude oil pipelines 1,936 3,121 3,228 3,210 2,733 3,077 2,970 2,998 3,282 3,475 3,37
Slide 8: G&P Selected Operating Data
G&P Selected Operating Data MPLX LP Gathering and Processing (Consolidated entities plus Year Year Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year Partnership-Operated Equity Method Investments) 2017 2018 2019 2020 2020 2020 2020 2020 2021 2021 2021 Gathering throughput (mmcf/d) 1 Mar
Slide 9: Reconciliation of Segment Adjusted EBITDA to Net Income
Reconciliation of Segment Adjusted EBITDA attributable to MPLX LP to Net Income MPLX LP Logistics and Storage Year Year Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions) 2017 2018 2019 2020 2020 2020 2020 2020 2021 2021 2021 1 Segment income from operations $ 602 $ 1,924 $
Slide 10: Reconciliation of Adjusted EBITDA and DCF from Net Income
Reconciliation of Adjusted EBITDA attributable to MPLX LP and Distributable Cash Flow attributable to GP and LP Unitholders from Net Income MPLX LP Year Year Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions) 2017 2018 2019 2020 2020 2020 2020 2020 2021 2021 2021 1 Net inco
Slide 11: Reconciliation of Adjusted EBITDA and DCF from Operating Cash Flow
Reconciliation of Adjusted EBITDA attributable to MPLX LP and Distributable Cash Flow attributable to GP and LP Unitholders from Net Cash Provided by Operating Activities (YTD) MPLX LP Dec. 31 Dec. 31 Dec. 31 Mar. 31 Jun. 30 Sep. 30 Dec. 31 Mar. 31 Jun. 30 (In millions) 2017 2018 2019 2020 2020 2020
Slide 12: Reconciliation of Net Cash from Operations to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow MPLX LP Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions) 2019 2020 2020 2020 2020 2020 2021 2021 2021 Net cash provided by operating activities $ 4,082 $ 1,009 $ 1,105 $ 1,222 $ 1,185 $ 4,521 $
Slide 13: Reconciliation of Capital Expenditures
Reconciliation of Capital Expenditures MPLX LP Year Year Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year (In millions) 2017 2018 2019 2020 2020 2020 2020 2020 2021 2021 2021 Capital Expenditures: 1 Growth capital expenditures $ 1,379 $ 2,071 $ 2,000 $ 284 $ 185 $ 208 $ 101 $ 778 $ 71