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MPLX MPLX Natural Gas & NGL Services — Gross PP&E

Other segment segments

Crude Oil and Products Logistics
$13.9B+3.9%
Natural Gas and NGL Services
$13.28B+27.2%

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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$59.67B+16.6%
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:PropertyPlantAndEquipmentGross.

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)March 31, 2026 / Gross PP&EMarch 31, 2026 / Accumulated DepreciationMarch 31, 2026 / Net PP&EDecember 31, 2025 / Gross PP&EDecember 31, 2025 / Accumulated DepreciationDecember 31, 2025 / Net PP&E
Crude Oil and Products Logistics$13,895$5,185$8,710$13,809$5,058$8,751
Natural Gas and NGL Services18,4575,17513,28217,9505,00312,947
Total$32,352$10,360$21,992$31,759$10,061$21,698

Item 1. Financial Statements

FAQ

What is MPLX's natural gas & NGL services — gross PP&E?
MPLX (MPLX) reported natural gas & NGL services — gross PP&E of $18.46B in Q1 2026.
How has MPLX's natural gas & NGL services — gross PP&E changed year-over-year?
MPLX's natural gas & NGL services — gross PP&E increased by 20.6% year-over-year, from $15.3B to $18.46B.
What does natural gas & NGL services — gross PP&E mean?
This represents the total historical cost of all property, plant, and equipment assets within the Natural Gas and NGL segment before accounting for accumulated depreciation. It provides a measure of the total capital invested in the segment's infrastructure since inception. This metric helps investors understand the scale and physical footprint of the segment's operations.

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