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MPLX MPLX Natural Gas & NGL Services — Revenue

Other segment segments

Crude Oil and Products Logistics
$1.62B+1.8%

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OKENatural Gas Liquids — Total revenues (Note J)
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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$57.06B+8.8%
Enterprise value$55.82B+11.2%
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:Revenues.

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 — revenue?
MPLX (MPLX) reported natural gas & NGL services — revenue of $1.42B in Q1 2026.
How has MPLX's natural gas & NGL services — revenue changed year-over-year?
MPLX's natural gas & NGL services — revenue decreased by 7.4% year-over-year, from $1.53B to $1.42B.
What is the long-term trend for MPLX's natural gas & NGL services — revenue?
Over 3 years (2022 to 2025), MPLX's natural gas & NGL services — revenue has grown at a 2.2% compound annual growth rate (CAGR), from $6.02B to $6.42B.
What does natural gas & NGL services — revenue mean?
This represents the total gross income generated from the gathering, processing, fractionation, and transportation of natural gas and NGLs within the segment. It is the primary indicator of the scale and market demand for the company's midstream services.