Discontinued — last reported Q3 '24
Business Segments · Rental income
L&S — Rental income
MPLX L&S — Rental income increased by 1.8% to $223.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 3.2%, from $216.00M to $223.00M. Over 2 years (FY 2021 to FY 2023), L&S — Rental income shows an upward trend with a 5.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryGrowth
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 strong demand for storage capacity and high asset utilization rates.
Detailed definition
Revenue generated from leasing storage tanks, pipeline capacity, or terminal facilities to third-party customers within...
Peer comparison
Comparable to 'lease revenue' or 'terminal rental income' reported by other midstream operators.
Metric ID:
mplx_segment_l_s_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 | $176.00M | $172.00M | $175.00M | $175.00M | $208.00M | $210.00M | $210.00M | $212.00M | $210.00M | $216.00M | $219.00M | $224.00M | $219.00M | $223.00M |
| QoQ Change | — | -2.3% | +1.7% | +0.0% | +18.9% | +1.0% | +0.0% | +1.0% | -0.9% | +2.9% | +1.4% | +2.3% | -2.2% | +1.8% |
| YoY Change | — | — | — | — | +18.2% | +22.1% | +20.0% | +21.1% | +1.0% | +2.9% | +4.3% | +5.7% | +4.3% | +3.2% |
Range$172.00M – $224.00M
CAGR+7.6%
Avg YoY Growth+10.3%
Median YoY Growth+5.0%
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Frequently Asked Questions
- What is MPLX's l&s — rental income?
- MPLX (MPLX) reported l&s — rental income of $223.00M in Q3 2024.
- How has MPLX's l&s — rental income changed year-over-year?
- MPLX's l&s — rental income increased by 3.2% year-over-year, from $216.00M to $223.00M.
- What is the long-term trend for MPLX's l&s — rental income?
- Over 2 years (2021 to 2023), MPLX's l&s — rental income has grown at a 5.4% compound annual growth rate (CAGR), from $772.00M to $857.00M.
- What does l&s — rental income mean?
- Income earned from leasing out logistics and storage infrastructure assets.