Slide 1: Fourth Quarter 2024 Table of Contents: Investor Relations
Fourth Quarter 2024 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 3rd Qtr 4th Qtr Year (In millions, except per unit data) 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 Revenues and other income: 1 Service revenue $ 2,359 $ 605 $ 635 $ 641 $ 658 $ 2,539 $ 6
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 3rd Qtr 4th Qtr Year (In millions) 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 1 Net income $ 3,978 $ 952 $ 942 $ 928 $ 1,144 $ 3,966 $ 1,015 $ 1,186 $ 1,047 $ 1,109 $ 4,357 O
Slide 4: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS MPLX LP (In millions, except ratio data) December 31, 2022 December 31, 2023 March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 Assets 1 Cash and cash equivalents $ 238 $ 1,048 $ 385 $ 2,501 $ 2,426 $ 1,519 2 Receivables, net 737 823 752 747 742 718 3 Curre
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 Sep. 30 Dec. 31 (In millions) 2022 2023 2023 2023 2023 2024 2024 2024 2024 Operating activities: 1 Net income $ 3,978 $ 952 $ 1,894 $ 2,822 $ 3,966 $ 1,015 $ 2,201 $ 3,248 $ 4,357 Adjustments
Slide 6: Financial Statistics
FINANCIAL STATISTICS MPLX LP Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year (In millions, except ratio and per unit data) 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 Common unit distributions: 1 Common units (LP) - public $ 1,063 $ 274 $ 274 $ 301 $ 303 $ 1
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 3rd Qtr 4th Qtr Year 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 Pipeline throughput (mbpd): 1 Crude oil pipelines 3,549 3,642 3,834
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 3rd Qtr 4th Qtr Year Operated Equity Method Investments) 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024
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 3rd Qtr 4th Qtr Year (In millions) 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 Crude Oil and Products Logistics 1 Se
Slide 10: Reconciliation of Segment Adjusted EBITDA - Impact from Segment Realignment
Reconciliation of Segment Adjusted EBITDA attributable to MPLX LP to Income from Operations and Net Income - Impact from Segment Realignment MPLX LP NOTE: In the fourth quarter of 2024, MPLX renamed and modified the composition of its segments to better reflect the value chains and growth strategy o
Slide 11: 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 2nd Qtr 3rd Qtr 4th Qtr Year (In millions) 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 1 Net incom
Slide 12: 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 Jun. 30 Sep. 30 Dec. 31 (In millions) 2022 2023 2023 2023 2023 2024 2024 2
Slide 13: Reconciliation of Net Cash from Operations 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 3rd Qtr 4th Qtr Year (In millions) 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 1 Net cas
Slide 14: Capital Expenditures
Capital Expenditures MPLX LP Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year (In millions) 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 Capital Expenditures: 1 Growth capital expenditures $ 665 $ 139 $ 227 $ 189 $ 283 $ 838 $ 165 $ 156 $ 248 $ 227 $ 796 2 Gro