Marathon Petroleum Midstream — Accumulated Depreciation increased by 2.7% to $11.69B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.3%, from $10.80B to $11.69B. Over 3 years (FY 2022 to FY 2025), Midstream — Accumulated Depreciation shows an upward trend with a 13.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
A rising balance relative to gross assets indicates an aging asset base, which may signal future requirements for capital expenditure to maintain or replace infrastructure.
The cumulative amount of depreciation expense charged against the midstream segment's physical assets since their acquis...
Standard accounting metric found in the segment notes of most capital-intensive industrial and energy firms.
mpc_segment_midstream_accumulated_depreciation| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $7.38B | $7.68B | $7.90B | $7.87B | $8.12B | $8.40B | $8.69B | $9.30B | $9.59B | $9.89B | $10.19B | $10.50B | $10.80B | $11.10B | $11.41B | $11.38B | $11.69B |
| QoQ Change | — | +4.0% | +2.9% | -0.5% | +3.2% | +3.5% | +3.4% | +7.0% | +3.1% | +3.1% | +3.1% | +3.0% | +2.9% | +2.8% | +2.8% | -0.2% | +2.7% |
| YoY Change | — | — | — | — | +9.9% | +9.4% | +9.9% | +18.2% | +18.1% | +17.7% | +17.3% | +12.9% | +12.6% | +12.2% | +11.9% | +8.4% | +8.3% |