Natural Gas & NGL Services — Operating Expenses
MPLX Natural Gas & NGL Services — Operating Expenses increased by 1.2% to $428.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 3.8%, from $445.00M to $428.00M. Over 3 years (FY 2022 to FY 2025), Natural Gas & NGL Services — Operating Expenses shows an upward trend with a 5.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase may indicate rising maintenance needs or inflationary pressures, while a decrease suggests improved operational efficiency or cost-cutting measures.
Detailed definition
This represents the direct costs incurred to operate and maintain the gathering, processing, and fractionation assets wi...
Peer comparison
Similar to operating expenses reported by other midstream energy companies with gathering and processing footprints.
mplx_segment_natural_gas_and_ngl_services_operating_expensesHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $368.00M | $368.00M | $368.00M | $368.00M | $391.00M | $391.00M | $391.00M | $391.00M | $415.00M | $416.00M | $430.00M | $443.00M | $445.00M | $422.00M | $426.00M | $423.00M | $428.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +6.3% | +0.0% | +0.0% | +0.0% | +6.1% | +0.2% | +3.4% | +3.0% | +0.5% | -5.2% | +0.9% | -0.7% | +1.2% |
| YoY Change | — | — | — | — | +6.3% | +6.3% | +6.3% | +6.3% | +6.1% | +6.4% | +10.0% | +13.3% | +7.2% | +1.4% | -0.9% | -4.5% | -3.8% |
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Frequently Asked Questions
- What is MPLX's natural gas & ngl services — operating expenses?
- MPLX (MPLX) reported natural gas & ngl services — operating expenses of $428.00M in Q1 2026.
- How has MPLX's natural gas & ngl services — operating expenses changed year-over-year?
- MPLX's natural gas & ngl services — operating expenses decreased by 3.8% year-over-year, from $445.00M to $428.00M.
- What is the long-term trend for MPLX's natural gas & ngl services — operating expenses?
- Over 3 years (2022 to 2025), MPLX's natural gas & ngl services — operating expenses has grown at a 5.2% compound annual growth rate (CAGR), from $1.47B to $1.72B.
- What does natural gas & ngl services — operating expenses mean?
- The total direct costs required to run the natural gas and natural gas liquids gathering and processing facilities.