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MPLX MPLX Natural Gas & NGL Services — CapEx

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MNT
MNTKRenewable Natural Gas — CapEx
$2.22M-78.6%

Other financials

Income statement

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Revenue$3.3B+10.3%
Operating income$1.4B+6.6%
Net income$1.1B+1.8%
EPS (diluted)$1.06+2.9%

Balance sheet

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Cash & equivalents$1.0B-25.6%
Total debt$25.6B+9,326%
Total assets$43.0B+13.6%

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$59.51B+16.3%
P/E12.5×+0.8×
P/S4.5×+0.3×

Profitability

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Operating margin44.4%+1.1pp
Net margin36%+0.2pp
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 source filing: MPLX’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 1:05 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001552000-26-000025
(In millions)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Other income2215
Total segment revenues and other income(1)1,4181,532
Purchased product costs498459
Operating expenses428445
Other segment items(2)(126)(32)
Segment Adjusted EBITDA(3)618660
Capital expenditures561153
Investments in unconsolidated affiliates(4)$237$119

Item 1. Financial Statements

FAQ

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.

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