Slide 1: First Quarter 2026 Table of Contents: Investor Relations
First 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 Financia
Slide 2: Consolidated Statements of Income
CONSOLIDATED STATEMENTS OF INCOME MPLX LP Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr (In millions, except per unit data) 2024 2025 2025 2025 2025 2025 2026 Revenues and other income: 1 Service revenue $ 2,770 $ 707 $ 696 $ 750 $ 746 $ 2,899 $ 711 2 Service revenue - related parties 4,180 1,06
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 (In millions) 2024 2025 2025 2025 2025 2025 2026 1 Net income $ 4,357 $ 1,136 $ 1,058 $ 1,555 $ 1,203 $ 4,952 $ 922 Other comprehensive income, net of tax: Remeasurement of pension and other pos
Slide 4: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS MPLX LP (In millions, except ratio data) December 31, 2024 December 31, 2025 March 31, 2026 Assets 1 Cash and cash equivalents $ 1,519 $ 2,137 $ 1,506 2 Receivables, less allowance for expected credit loss 718 735 769 3 Current assets - related parties 830 899 1,007 4 Inv
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 (In millions) 2024 2025 2025 2025 2025 2026 Operating activities: 1 Net income $ 4,357 $ 1,136 $ 2,194 $ 3,749 $ 4,952 $ 922 Adjustments to reconcile net income to net cash provided by operating activ
Slide 6: Financial Statistics
FINANCIAL STATISTICS MPLX LP Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr (In millions, except ratio and per unit data) 2024 2025 2025 2025 2025 2025 2026 Common unit distributions: 1 Common units (LP) - public $ 1,339 $ 357 $ 356 $ 397 $ 396 $ 1,506 $ 395 2 Common units - MPC 2,339 619 619 698
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 2024 2025 2025 2025 2025 2025 2026 Pipeline throughput (mbpd): 1 Crude oil pipelines 3,785 3,908 4,012 3,867 3,811 3,899 3,683 2 Product pipelines 1,997
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 Operated Equity Method Investments) 2024 2025 2025 2025 2025 2025 2026 Gathering throughput (MMcf/d) 1 Marcellus Operat
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 (In millions) 2024 2025 2025 2025 2025 2025 2026 Crude Oil and Products Logistics 1 Segment adjusted EBITDA $ 4,375 $ 1,097 $ 1,138 $ 1
Slide 10: Reconciliation of Adjusted EBITDA and Distributable Cash Flow 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 (In millions) 2024 2025 2025 2025 2025 2025 2026 1 Net income $ 4,357 $ 1,136 $ 1,058 $ 1,555 $ 1,203 $ 4,952
Slide 11: Reconciliation of Adjusted EBITDA and DCF from Net Cash Provided by Operating Activities
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 (In millions) 2024 2025 2025 2025 2025 2026 1 Net cash provided by operati
Slide 12: Reconciliation of Net Cash Provided by 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 (In millions) 2024 2025 2025 2025 2025 2025 2026 1 Net cash provided by operating activities $ 5,946 $ 1,24
Slide 13: Capital Expenditures
Capital Expenditures MPLX LP Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr (In millions) 2024 2025 2025 2025 2025 2025 2026 Capital Expenditures: 1 Growth capital expenditures $ 796 $ 220 $ 286 $ 513 $ 649 $ 1,668 $ 608 2 Growth capital reimbursements (115) (27) (37) (36) (36) (136) (35) 3 Inves