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MPLX MPLX Natural Gas & NGL Services — Equity Method Investments

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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:EquityMethodInvestments.

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, except ownership percentages)VIEOwnership as of / March 31, 2026Carrying value at / March 31, 2026Carrying value at / December 31, 2025
Ohio Gathering Company L.L.C.(3)X32%432444
Sherwood Midstream LLCX50%472475
MXP Parent, LLC10%223198
Texas City Logistics LLCX50%228163
WPC Parent, LLC30%269273
Other(2)X10 - 51%444367
Total Natural Gas and NGL Services3,3993,217
Total$4,981$4,798

Item 1. Financial Statements

FAQ

What is MPLX's natural gas & NGL services — equity method investments?
MPLX (MPLX) reported natural gas & NGL services — equity method investments of $3.4B in Q1 2026.
How has MPLX's natural gas & NGL services — equity method investments changed year-over-year?
MPLX's natural gas & NGL services — equity method investments increased by 8.1% year-over-year, from $3.15B to $3.4B.
What does natural gas & NGL services — equity method investments mean?
This represents the carrying value of investments in entities where the company exercises significant influence but does not have a controlling financial interest within the Natural Gas and NGL Services segment. It reflects the balance sheet value of the company's stake in shared midstream infrastructure projects.

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