Business Segments · Gross goodwill

Natural Gas & NGL Services — Gross goodwill

MPLX Natural Gas & NGL Services — Gross goodwill increased by 35.3% to $4.25B in Q4 2025 compared to the prior quarter.

Analysis

StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2022
Last reportedQ4 2025
Rolls up toGoodwill, Gross

How to read this metric

A growing balance indicates consistent acquisition activity, while a stagnant balance suggests organic-focused growth.

Detailed definition

The total cumulative value of goodwill recorded for the segment before any accumulated impairment losses. This represent...

Peer comparison

Depends on the historical M&A activity of the specific midstream entity.

Metric ID: mplx_segment_natural_gas_ngl_services_gross_goodwill

Historical Data

3 periods
 Q4 '22Q4 '24Q4 '25
Value$3.14B$3.14B$4.25B
QoQ Change—+0.0%+35.3%
YoY Change——+35.3%
Range$3.14B – $4.25B
Avg YoY Growth+35.3%
Median YoY Growth+35.3%
Current Streak2+ quarters growth

Similar Metrics at Other Companies

EPD
Enterprise Products PartnersEPDView metric
Kinder Morgan logo
Kinder MorganKMIView metric
EPD
Enterprise Products PartnersEPDView metric
Marathon Petroleum logo
Marathon PetroleumMPCView metric
ET
Energy TransferETView metric
Southern Company logo
Southern CompanySOView metric

Frequently Asked Questions

What is MPLX's natural gas & ngl services — gross goodwill?
MPLX (MPLX) reported natural gas & ngl services — gross goodwill of $4.25B in Q4 2025.
What does natural gas & ngl services — gross goodwill mean?
The total historical cost of goodwill for the segment.