Discontinued — last reported Q3 '24
Business Segments · Rental income
G&P — Rental income
MPLX G&P — Rental income remained flat by 0.0% to $56.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 7.7%, from $52.00M to $56.00M. Over 2 years (FY 2021 to FY 2023), G&P — Rental income shows a downward trend with a -22.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2019
Last reportedQ3 2024Nov 5, 2024
Rolls up toTotal Revenue
How to read this metric
Higher rental income indicates better utilization of assets and diversified revenue streams.
Detailed definition
Revenue generated by the Gathering and Processing segment from leasing specific infrastructure assets, such as storage t...
Peer comparison
Common in midstream companies that lease excess capacity in their gathering and processing networks.
Metric ID:
mplx_segment_g_p_rental_incomeHistorical 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 | $91.00M | $80.00M | $84.00M | $81.00M | $92.00M | $66.00M | $48.00M | $51.00M | $52.00M | $52.00M | $53.00M | $53.00M | $56.00M | $56.00M |
| QoQ Change | — | -12.1% | +5.0% | -3.6% | +13.6% | -28.3% | -27.3% | +6.3% | +2.0% | +0.0% | +1.9% | +0.0% | +5.7% | +0.0% |
| YoY Change | — | — | — | — | +1.1% | -17.5% | -42.9% | -37.0% | -43.5% | -21.2% | +10.4% | +3.9% | +7.7% | +7.7% |
Range$48.00M – $92.00M
CAGR-13.9%
Avg YoY Growth-13.1%
Median YoY Growth-8.2%
Current Streak7 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is MPLX's g&p — rental income?
- MPLX (MPLX) reported g&p — rental income of $56.00M in Q3 2024.
- How has MPLX's g&p — rental income changed year-over-year?
- MPLX's g&p — rental income increased by 7.7% year-over-year, from $52.00M to $56.00M.
- What is the long-term trend for MPLX's g&p — rental income?
- Over 2 years (2021 to 2023), MPLX's g&p — rental income has grown at a -22.6% compound annual growth rate (CAGR), from $347.00M to $208.00M.
- What does g&p — rental income mean?
- Income earned by renting out gathering and processing infrastructure assets to other parties.