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MPLX MPLX Natural Gas & NGL Services — D&A

Other segment segments

Crude Oil and Products Logistics
$143M+7.5%

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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 us-gaap:CostOfGoodsAndServicesSoldDepreciationAndAmortization.

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

(1) Depreciation and amortization attributable to Crude Oil and Products Logistics was $143 million and $133 million for the three months ended March 31, 2026 and March 31, 2025, respectively. Depreciation and amortization attributable to Natural Gas and NGL Services was $215 million and $193 million for the three months ended March 31, 2026 and March 31, 2025, respectively.

Item 1. Financial Statements

FAQ

What is MPLX's natural gas & NGL services — D&A?
MPLX (MPLX) reported natural gas & NGL services — D&A of $215M in Q1 2026.
How has MPLX's natural gas & NGL services — D&A changed year-over-year?
MPLX's natural gas & NGL services — D&A increased by 11.4% year-over-year, from $193M to $215M.
What is the long-term trend for MPLX's natural gas & NGL services — D&A?
Over 3 years (2022 to 2025), MPLX's natural gas & NGL services — D&A has grown at a 4.0% compound annual growth rate (CAGR), from $715M to $805M.
What does natural gas & NGL services — D&A mean?
This is the non-cash charge allocated to the Natural Gas and NGL segment to account for the gradual wear and tear of its physical assets over their useful lives. It reflects the systematic reduction in the value of gathering and processing infrastructure. This metric is critical for reconciling net income to cash flow and assessing the age of the asset base.

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