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MPLX MPLX Natural Gas & NGL Services — Rental income

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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$59.51B+16.3%
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:OperatingLeaseLeaseIncome.

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
Capital expenditures104115
Natural Gas and NGL Services
Service revenue626611
Rental income5856
Product related revenue544683
Sales-type lease revenue4837
Income from equity method investments120130
Other income2215

Item 1. Financial Statements

FAQ

What is MPLX's natural gas & NGL services — rental income?
MPLX (MPLX) reported natural gas & NGL services — rental income of $58M in Q1 2026.
How has MPLX's natural gas & NGL services — rental income changed year-over-year?
MPLX's natural gas & NGL services — rental income increased by 3.6% year-over-year, from $56M to $58M.
What is the long-term trend for MPLX's natural gas & NGL services — rental income?
Over 3 years (2022 to 2025), MPLX's natural gas & NGL services — rental income has grown at a -7.7% compound annual growth rate (CAGR), from $287M to $226M.
What does natural gas & NGL services — rental income mean?
This represents revenue generated from leasing specific assets, such as storage tanks or pipeline capacity, to third parties within the Natural Gas and NGL Services segment. It reflects the utilization of idle or excess infrastructure to generate steady, contract-based cash flows.

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