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MPLX MPLX Natural Gas & NGL Services — Adjusted EBITDA

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Other financials

Income statement

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Revenue$3.0B-2.8%
Operating income$1.2B-11.1%
Net income$922.0M-18.8%
EPS (diluted)$0.90-18.2%

Balance sheet

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Cash & equivalents$1.5B-40.6%
Total debt$267.0M-5.3%
Total assets$42.9B+10.2%

Cash flow

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Operating cash flow$1.3B+8.1%
CapEx$575.0M+115%
Free cash flow$772.0M-21.1%

Valuation

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Market cap$56.9B+8.5%
Enterprise value$55.66B+10.9%
P/E12×+0.3×
P/S4.4×+0.1×

Profitability

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Operating margin44.8%+0.6pp
Net margin36.7%0.0pp
FCF margin30.2%-9.4pp

Returns & leverage

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Current ratio1.1×0.0×

Where this comes from

Reported directly by MPLX in its filing.

Tagged under the XBRL concept mplx:AdjustedEBITDA.

The official record: MPLX’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MPLX's natural gas & NGL services — adjusted EBITDA?
MPLX (MPLX) reported natural gas & NGL services — adjusted EBITDA of $618M in Q1 2026.
How has MPLX's natural gas & NGL services — adjusted EBITDA changed year-over-year?
MPLX's natural gas & NGL services — adjusted EBITDA decreased by 6.4% year-over-year, from $660M to $618M.
What is the long-term trend for MPLX's natural gas & NGL services — adjusted EBITDA?
Over 3 years (2022 to 2025), MPLX's natural gas & NGL services — adjusted EBITDA has grown at a 7.0% compound annual growth rate (CAGR), from $2.01B to $2.47B.
What does natural gas & NGL services — adjusted EBITDA mean?
This is a key performance indicator representing the segment's earnings before interest, taxes, depreciation, and amortization, adjusted for non-cash items and non-recurring events. It serves as a primary measure of the segment's cash-generating capability and operational profitability. It is widely used to evaluate the segment's contribution to the overall partnership's distributable cash flow.