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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%

Similar metrics at other companies

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ENBGas Transmission — PP&E (Net)
$36.75B+5.2%
Occidental Petroleum logo
OXYOil and gas — Property Plant and Equipment, Gross
$128.08B
MDU Resources Group logo
MDUNatural gas distribution — Property, Plant and Equipment, Gross
$4B+7.3%
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ENBGas Distributionand Storage — PP&E (Net)
$40.28B+3.5%
Plains All American Pipeline, L.P. logo
PAANGL — PROPERTY AND EQUIPMENT
$365M+0.3%
BKH
BKHGas Utilities — PP&E (Net)
$4.33B+6.5%

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:PropertyPlantAndEquipmentGross.

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 — 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.