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MPLX MPLX Natural Gas & NGL Services — Investments in unconsolidated affiliates

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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:PaymentsToAcquireEquityMethodInvestments.

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)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Other income2215
Total segment revenues and other income(1)1,4181,532
Purchased product costs498459
Operating expenses428445
Other segment items(2)(126)(32)
Segment Adjusted EBITDA(3)618660
Capital expenditures561153
Investments in unconsolidated affiliates(4)$237$119

Item 1. Financial Statements

FAQ

What is MPLX's natural gas & NGL services — investments in unconsolidated affiliates?
MPLX (MPLX) reported natural gas & NGL services — investments in unconsolidated affiliates of $237M in Q1 2026.
How has MPLX's natural gas & NGL services — investments in unconsolidated affiliates changed year-over-year?
MPLX's natural gas & NGL services — investments in unconsolidated affiliates increased by 99.2% year-over-year, from $119M to $237M.
What is the long-term trend for MPLX's natural gas & NGL services — investments in unconsolidated affiliates?
Over 3 years (2022 to 2025), MPLX's natural gas & NGL services — investments in unconsolidated affiliates has grown at a 72.8% compound annual growth rate (CAGR), from $154M to $794M.
What does natural gas & NGL services — investments in unconsolidated affiliates mean?
This represents the carrying value of the segment's equity interests in joint ventures or partnerships that are not fully consolidated in the financial statements. These investments typically involve shared infrastructure projects where the company holds a minority stake. It provides insight into the segment's participation in collaborative energy infrastructure projects.

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