Discontinued — last reported Q3 '24
Business Segments · Equity Method Investments
Gathering and Processing — Equity Method Investments
MPLX Gathering and Processing — Equity Method Investments decreased by 0.5% to $2.41B in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 7.2%, from $2.25B to $2.41B. Over 2 years (FY 2021 to FY 2023), Gathering and Processing — Equity Method Investments shows relatively stable performance with a -1.7% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ4 2019
Last reportedQ3 2024
Rolls up toEquity method investments (Note 11)
How to read this metric
An increase reflects capital deployment into new or existing joint ventures, while a decrease indicates asset sales or impairment.
Detailed definition
The carrying value of investments in unconsolidated entities where the Gathering and Processing segment exercises signif...
Peer comparison
Standard metric for midstream companies utilizing joint ventures to share infrastructure development costs.
Metric ID:
mplx_segment_g_p_equity_method_investmentsHistorical Data
14 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.25B | $2.26B | $2.26B | $2.28B | $2.29B | $2.28B | $2.26B | $2.28B | $2.27B | $2.25B | $1.91B | $2.42B | $2.42B | $2.41B |
| QoQ Change | — | +0.2% | +0.3% | +0.7% | +0.7% | -0.8% | -0.6% | +1.0% | -0.5% | -1.1% | -15.0% | +26.5% | +0.1% | -0.5% |
| YoY Change | — | — | — | — | +1.9% | +0.9% | -0.0% | +0.2% | -0.9% | -1.2% | -15.5% | +5.9% | +6.5% | +7.2% |
Range$1.91B – $2.42B
CAGR+2.1%
Avg YoY Growth+0.5%
Median YoY Growth+0.6%
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Frequently Asked Questions
- What is MPLX's gathering and processing — equity method investments?
- MPLX (MPLX) reported gathering and processing — equity method investments of $2.41B in Q3 2024.
- How has MPLX's gathering and processing — equity method investments changed year-over-year?
- MPLX's gathering and processing — equity method investments increased by 7.2% year-over-year, from $2.25B to $2.41B.
- What is the long-term trend for MPLX's gathering and processing — equity method investments?
- Over 2 years (2021 to 2023), MPLX's gathering and processing — equity method investments has grown at a -1.7% compound annual growth rate (CAGR), from $9.02B to $8.72B.
- What does gathering and processing — equity method investments mean?
- The total book value of the segment's investments in companies it does not fully own but influences.