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MPLX MPLX Natural Gas & NGL Services — Equity Method Investments
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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) | VIE | Ownership as of / March 31, 2026 | Carrying value at / March 31, 2026 | Carrying value at / December 31, 2025 |
|---|---|---|---|---|
| Ohio Gathering Company L.L.C.(3) | X | 32% | 432 | 444 |
| Sherwood Midstream LLC | X | 50% | 472 | 475 |
| MXP Parent, LLC | 10% | 223 | 198 | |
| Texas City Logistics LLC | X | 50% | 228 | 163 |
| WPC Parent, LLC | 30% | 269 | 273 | |
| Other(2) | X | 10 - 51% | 444 | 367 |
| Total Natural Gas and NGL Services | 3,399 | 3,217 | ||
| 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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