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MPLX MPLX Natural Gas & NGL Services — CapEx

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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:CapitalExpenditures.

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 — capex?
MPLX (MPLX) reported natural gas & NGL services — capex of $561M in Q1 2026.
How has MPLX's natural gas & NGL services — capex changed year-over-year?
MPLX's natural gas & NGL services — capex increased by 266.7% year-over-year, from $153M to $561M.
What is the long-term trend for MPLX's natural gas & NGL services — capex?
Over 3 years (2022 to 2025), MPLX's natural gas & NGL services — capex has grown at a 39.0% compound annual growth rate (CAGR), from $528M to $1.42B.
What does natural gas & NGL services — capex mean?
This reflects the cash outflows for the acquisition, construction, or improvement of physical assets within the Natural Gas and NGL segment. It includes both growth capital for new projects and maintenance capital to ensure the integrity of existing gathering and processing infrastructure. This metric is essential for understanding the segment's investment strategy and future capacity expansion.