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Sankey diagram of MPLX LP. A complete text table follows the diagram.
Crude logistics supplies the margin, gas and NGL infrastructure absorbs the growth capital, and Marathon Petroleum receives most of the cash payout
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Segment operating residuals are exact revenue-minus-adjusted-EBITDA differences and are used to compare the economics of the two infrastructure engines. The $316M retained-coverage node is distributable cash flow less declared common distributions; it is not GAAP retained earnings or free cash flow after all growth investment.
Labels and narrative explain the filing. A category marked “arithmetic bridge” or “residual” is calculated from reported totals, rather than a separately reported line.
| Category | Stage | Value | Notes |
|---|---|---|---|
| Crude & products logistics | 1 | $1.6B | Pipelines, terminals, marine and storage |
| Natural gas & NGL services | 1 | $1.4B | Gathering, processing and fractionation |
| Logistics adjusted EBITDA | 2 | $1.1B | 68.6% conversion; +1% |
| Logistics operating residual | 2 | $509M | Operations and segment adjustments |
| Gas & NGL adjusted EBITDA | 2 | $618M | 43.6% conversion; down 6% |
| Gas & NGL operating residual | 2 | $800M | Purchased products and field operations |
| Attributable adjusted EBITDA | 3 | $1.7B | The two toll-road systems combined |
| Distributable cash flow | 4 | $1.4B | 1.29x declared common-distribution coverage |
| Interest, maintenance capital & adjustments | 4 | $321M | Net bridge from EBITDA to distributable cash |
| Marathon Petroleum unitholder | 5 | $697M | 64% of declared common distributions |
| Public unitholders | 5 | $395M | $1.0765 per common unit |
| Retained DCF coverage | 5 | $316M | Cash cushion before growth investment |
| From | To | Value |
|---|---|---|
| Crude & products logistics | Logistics adjusted EBITDA | $1.1B |
| Crude & products logistics | Logistics operating residual | $509M |
| Natural gas & NGL services | Gas & NGL adjusted EBITDA | $618M |
| Natural gas & NGL services | Gas & NGL operating residual | $800M |
| Logistics adjusted EBITDA | Attributable adjusted EBITDA | $1.1B |
| Gas & NGL adjusted EBITDA | Attributable adjusted EBITDA | $618M |
| Attributable adjusted EBITDA | Distributable cash flow | $1.4B |
| Attributable adjusted EBITDA | Interest, maintenance capital & adjustments | $321M |
| Distributable cash flow | Marathon Petroleum unitholder | $697M |
| Distributable cash flow | Public unitholders | $395M |
| Distributable cash flow | Retained DCF coverage | $316M |