Business Segments · Segment expenses
Midstream — Segment expenses
Marathon Petroleum Midstream — Segment expenses decreased by 3.6% to $1.38B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 1.3%, from $1.37B to $1.38B. Over 3 years (FY 2022 to FY 2025), Midstream — Segment expenses shows relatively stable performance with a 0.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2022
Last reportedQ4 2025
Rolls up toTotal Operating Expenses
How to read this metric
Lower expenses relative to revenue indicate improved operational efficiency and cost management.
Detailed definition
The total operating costs incurred to maintain and operate the midstream infrastructure, including labor, maintenance, e...
Peer comparison
Comparable to 'Operating Expenses' or 'Segment Operating Costs' at peer midstream operators.
Metric ID:
mpc_segment_midstream_segment_expensesHistorical Data
16 periods
| 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 | $1.36B | $1.36B | $1.36B | $1.36B | $1.27B | $1.27B | $1.27B | $1.27B | $1.22B | $1.29B | $1.35B | $1.37B | $1.40B | $1.36B | $1.43B | $1.38B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -6.8% | +0.0% | +0.0% | +0.0% | -4.1% | +6.2% | +4.4% | +1.3% | +2.5% | -2.7% | +5.4% | -3.6% |
| YoY Change | — | — | — | — | -6.8% | -6.8% | -6.8% | -6.8% | -4.1% | +1.8% | +6.3% | +7.6% | +15.0% | +5.4% | +6.4% | +1.3% |
Range$1.22B – $1.43B
CAGR+0.4%
Avg YoY Growth+1.1%
Median YoY Growth+1.6%
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Frequently Asked Questions
- What is Marathon Petroleum's midstream — segment expenses?
- Marathon Petroleum (MPC) reported midstream — segment expenses of $1.38B in Q4 2025.
- How has Marathon Petroleum's midstream — segment expenses changed year-over-year?
- Marathon Petroleum's midstream — segment expenses increased by 1.3% year-over-year, from $1.37B to $1.38B.
- What is the long-term trend for Marathon Petroleum's midstream — segment expenses?
- Over 3 years (2022 to 2025), Marathon Petroleum's midstream — segment expenses has grown at a 0.8% compound annual growth rate (CAGR), from $5.44B to $5.58B.
- What does midstream — segment expenses mean?
- The total cost of running the midstream business operations.