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MPLX MPLX Natural Gas & NGL Services — Basis difference, not amortized

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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 mplx:EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityPortionRelatedToGoodwillandOtherAssetsNotAmortized.

The source filing: MPLX’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 1:32 PM EST
Fiscal year
FY2025
Accession
0001552000-26-000009

At both December 31, 2025 and 2024, the Crude Oil and Products Logistics basis difference related to goodwill was $167 million. At December 31, 2025 and 2024, the Natural Gas and NGL Services basis difference related to goodwill was $0 million and $31 million, respectively, with the remaining basis differences primarily attributable to property, plant and equipment and intangible assets that will be amortized over the assets’ remaining useful life.

Item 8. Financial Statements and Supplementary Data

FAQ

What is MPLX's natural gas & NGL services — basis difference, not amortized?
MPLX (MPLX) reported natural gas & NGL services — basis difference, not amortized of $0 in Q4 2025.
What does natural gas & NGL services — basis difference, not amortized mean?
Refers to the portion of the acquisition basis difference that is not subject to periodic amortization, typically associated with assets like land or indefinite-lived intangible assets. This represents capital tied up in non-depreciating assets acquired through business combinations.

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