Business Segments · Goodwill
Midstream — Goodwill
Marathon Petroleum Midstream — Goodwill increased by 2220.1% to $8.79B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 14.4%, from $7.68B to $8.79B.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2013
Last reportedQ4 2025
Rolls up toGoodwill
How to read this metric
An increase indicates recent acquisitions, while a decrease suggests potential impairment of previously acquired assets.
Detailed definition
Represents the premium paid over the fair value of net identifiable assets during the acquisition of midstream infrastru...
Peer comparison
Common in energy infrastructure firms that grow through M&A; peers often report this as 'Goodwill' on the balance sheet.
Metric ID:
mpc_segment_midstream_goodwillHistorical Data
7 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|
| Value | $7.70B | $7.68B | $7.68B | $7.68B | $731.00M | $379.00M | $8.79B |
| QoQ Change | — | -0.2% | +0.0% | +0.0% | -90.5% | -48.2% | >999% |
| YoY Change | — | -0.2% | +0.0% | +0.0% | — | — | +14.4% |
Range$379.00M – $8.79B
CAGR+9.3%
Avg YoY Growth+3.6%
Median YoY Growth+0.0%
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Frequently Asked Questions
- What is Marathon Petroleum's midstream — goodwill?
- Marathon Petroleum (MPC) reported midstream — goodwill of $8.79B in Q4 2025.
- How has Marathon Petroleum's midstream — goodwill changed year-over-year?
- Marathon Petroleum's midstream — goodwill increased by 14.4% year-over-year, from $7.68B to $8.79B.
- What does midstream — goodwill mean?
- The excess purchase price paid for acquired midstream business assets over their fair market value.