Business Segments · Adjusted EBITDA
Midstream — Adjusted EBITDA
Marathon Petroleum Midstream — Adjusted EBITDA decreased by 1.7% to $1.68B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.6%, from $1.71B to $1.68B. Over 4 years (FY 2021 to FY 2025), Midstream — Adjusted EBITDA shows an upward trend with a 5.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2020
Last reportedQ4 2025
How to read this metric
Higher values indicate stronger operational efficiency and profitability within the midstream segment.
Detailed definition
A non-GAAP measure of the midstream segment's operating performance, calculated by adding back depreciation, amortizatio...
Peer comparison
Standard metric for midstream energy companies; comparable to 'Segment Adjusted EBITDA' at peers like Phillips 66 or Valero.
Metric ID:
mpc_segment_midstream_adjusted_ebitdaHistorical Data
19 periods
| Q2 '21 | Q3 '21 | 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 | $1.31B | $1.38B | $1.41B | $1.40B | $1.46B | $1.50B | $1.42B | $1.53B | $1.53B | $1.54B | $1.57B | $1.59B | $1.62B | $1.63B | $1.71B | $1.72B | $1.64B | $1.71B | $1.68B |
| QoQ Change | — | +5.1% | +2.2% | -0.1% | +3.8% | +2.9% | -5.5% | +8.1% | +0.1% | +0.5% | +2.0% | +1.2% | +2.0% | +0.5% | +4.9% | +0.8% | -4.6% | +4.1% | -1.7% |
| YoY Change | — | — | — | — | +11.3% | +8.9% | +0.7% | +9.1% | +5.2% | +2.7% | +11.0% | +3.9% | +5.7% | +5.8% | +8.7% | +8.2% | +1.3% | +5.0% | -1.6% |
Range$1.31B – $1.72B
CAGR+5.7%
Avg YoY Growth+5.7%
Median YoY Growth+5.7%
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Frequently Asked Questions
- What is Marathon Petroleum's midstream — adjusted ebitda?
- Marathon Petroleum (MPC) reported midstream — adjusted ebitda of $1.68B in Q4 2025.
- How has Marathon Petroleum's midstream — adjusted ebitda changed year-over-year?
- Marathon Petroleum's midstream — adjusted ebitda decreased by 1.6% year-over-year, from $1.71B to $1.68B.
- What is the long-term trend for Marathon Petroleum's midstream — adjusted ebitda?
- Over 4 years (2021 to 2025), Marathon Petroleum's midstream — adjusted ebitda has grown at a 5.7% compound annual growth rate (CAGR), from $5.41B to $6.75B.
- What does midstream — adjusted ebitda mean?
- The core operating cash flow generated by the midstream business before accounting for financing, taxes, and non-cash expenses.