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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$3.0B-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 us-gaap:EquityMethodInvestments.

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 — 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.