What is MPLX's gathering and processing — basis difference?

MPLX (MPLX) reported gathering and processing — basis difference of -$45.00M in Q4 2023.

What does gathering and processing — basis difference mean?

The accounting gap between the purchase price of an investment and its recorded book value.

Discontinued — last reported Q4 '23

MPLX Gathering and Processing — Basis difference increased by 11.8% to -$45.00M in Q4 2023 compared to the prior quarter.

StatementSegment

CategoryCapital Allocation

SignalContext dependent

VolatilityStable

First reportedQ4 2019

Last reportedQ4 2023

An increase suggests higher acquisition premiums or revaluation adjustments, while a decrease may indicate amortization or impairment.

Represents the difference between the carrying amount of an investment and the underlying equity in the net assets of th...

Common in midstream energy firms with significant M&A activity and equity method investments.

Metric ID: mplx_segment_gathering_and_processing_basis_difference

4 periods

	Q2 '21	Q4 '21	Q4 '22	Q4 '23
Value	-$56.00M	-$54.00M	-$51.00M	-$45.00M
QoQ Change	—	+3.6%	+5.6%	+11.8%
YoY Change	—	—	+5.6%	+11.8%

Range-$56.00M – -$45.00M

Avg YoY Growth+8.7%

Median YoY Growth+8.7%

Current Streak3+ quarters growth

What is MPLX's gathering and processing — basis difference?: MPLX (MPLX) reported gathering and processing — basis difference of -$45.00M in Q4 2023.
What does gathering and processing — basis difference mean?: The accounting gap between the purchase price of an investment and its recorded book value.