Business Segments · Intangibles, net

Natural Gas & NGL Services — Intangibles, net

MPLX Natural Gas & NGL Services — Intangibles, net increased by 193.9% to $1.35B in Q4 2025 compared to the prior quarter. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryCapital Allocation
SignalHigher is better
VolatilityModerate
First reportedQ4 2023
Last reportedQ4 2025
Rolls up toOther intangible assets—net

How to read this metric

A higher net value suggests a larger base of active intangible assets, while a declining trend may indicate aging assets or potential future impairment risks.

Detailed definition

This represents the carrying value of intangible assets for the Natural Gas and NGL Services segment, calculated as the...

Peer comparison

Commonly reported by energy infrastructure firms that have grown through M&A activity.

Metric ID: mplx_segment_natural_gas_ngl_services_intangibles_net

Historical Data

3 periods
 Q4 '23Q4 '24Q4 '25
Value$560.00M$459.00M$1.35B
QoQ Change—-18.0%+193.9%
YoY Change—-18.0%+193.9%
Range$459.00M – $1.35B
Avg YoY Growth+87.9%
Median YoY Growth+87.9%

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Frequently Asked Questions

What is MPLX's natural gas & ngl services — intangibles, net?
MPLX (MPLX) reported natural gas & ngl services — intangibles, net of $1.35B in Q4 2025.
What does natural gas & ngl services — intangibles, net mean?
The current book value of the segment's intangible assets after accounting for amortization and impairments.