MPLX (MPLX LP) Accounts Payable & Accrued Expense: $1,640 Mil (As of Jun. 2026)

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MPLX MPLX LP MPLX
83 GF Score
Price $59.25
GF Value $54.78
Valuation Fairly Valued
! 7 Warning Signs
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What is MPLX LP Accounts Payable & Accrued Expense?

MPLX LP MPLX -0.44% 83 Accounts Payable & Accrued Expense is $1,640 Mil as of Jun. 2026. GuruFocus rates MPLX with a GF Score™ of 83/100 and a GF Value™ of $54.78 (Fairly Valued). The stock has 7 warning signs investors should review.

MPLX LP's quarterly accounts payable & accrued expense increased from Dec. 2025 ($1,444 Mil) to Mar. 2026 ($1,562 Mil) and increased from Mar. 2026 ($1,562 Mil) to Jun. 2026 ($1,640 Mil).

MPLX LP's annual accounts payable & accrued expense declined from Dec. 2023 ($1,189 Mil) to Dec. 2024 ($1,182 Mil) but then increased from Dec. 2024 ($1,182 Mil) to Dec. 2025 ($1,444 Mil).

MPLX LP Accounts Payable & Accrued Expense Historical Data

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The historical data trend for MPLX LP's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MPLX LP Accounts Payable & Accrued Expense Chart

MPLX LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,536.00 1,120.00 1,189.00 1,182.00 1,444.00

MPLX LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,216.00 1,339.00 1,444.00 1,562.00 1,640.00
MPLX
83GF Score
MPLX LP MPLX
Accounts Payable & Accrued Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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MPLX LP Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

What does a Accounts Payable & Accrued Expense of $1,640 Mil mean?
MPLX LP (MPLX) has a Accounts Payable & Accrued Expense of $1,640 Mil as of Jun. 2026. Accounts payable and accrued expenses are amounts a company expects to pay to suppliers and others. View historical data on MPLX LP and its competitors.
Is MPLX LP's Accounts Payable & Accrued Expense too high?
MPLX LP's current Accounts Payable & Accrued Expense is $1,640 Mil. Overall, MPLX LP has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MPLX LP's Accounts Payable & Accrued Expense compare to OKE and TRGP?
MPLX LP's Accounts Payable & Accrued Expense of $1,640 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable & Accrued Expense for an Oil & Gas company?
A good Accounts Payable & Accrued Expense depends on the Oil & Gas industry context. However, Accounts Payable & Accrued Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable & Accrued Expense mean?
A high Accounts Payable & Accrued Expense can signal that a stock is expensive relative to its fundamentals. Accounts payable and accrued expenses are amounts a company expects to pay to suppliers and others. View historical data on MPLX LP and its competitors. MPLX LP's current Accounts Payable & Accrued Expense is $1,640 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MPLX LP stock overvalued right now?
Based on GuruFocus' analysis, MPLX LP (MPLX) is currently considered Fairly Valued. The stock's GF Value™ is $54.78, compared to a current price of $59.25 — trading 8.2% above its estimated fair value. The current Accounts Payable & Accrued Expense is $1,640 Mil. MPLX LP's overall GF Score™ is 83/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable & Accrued Expense calculated?
Accounts Payable & Accrued Expense is calculated from a company's financial statements. For MPLX LP (MPLX), the current Accounts Payable & Accrued Expense is $1,640 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MPLX LP (MPLX) Overvalued in 2026?

Based on GuruFocus' analysis, MPLX LP stock appears to be overvalued. The current stock price of $59.25 is trading 8.2% above its estimated GF Value™ of $54.78. GuruFocus considers MPLX LP to be Fairly Valued.

Key valuation signals for MPLX:

  • Accounts Payable & Accrued Expense: $1,640 Mil
  • GF Value™: $54.78 vs. price of $59.25 (8.2% above fair value)
  • GF Score™: 83/100 with 7 warning signs

No single metric tells the full story. See the MPLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MPLX LP Business Description

Industry EnergyOil & Gas
Other Exchanges MPLXP.PFD:USA
Address 200 East Hardin Street, Findlay, OH, USA, 45840-3229
MPLX is a partnership that owns pipelines and gathering and processing assets with extensive holdings in the Appalachian and Permian regions. The asset base is made up of crude oil and refined products assets dropped down from Marathon Petroleum, its sponsor, and natural gas and natural gas liquids gathering and processing assets that were purchased or built.
83GF Score

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Accounts Payable & Accrued Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$59.25
Price
$54.78
GF Value