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

Similar metrics at other companies

EPDNatural Gas Pipelines & Services — Intangible Amortization

$19M+5.6%

OKENatural Gas Liquids — D&A

$107M-5.3%

WMBGas & NGL Marketing Services — Payments to Acquire Productive Assets

$0-100%

OKENatural Gas Liquids — Goodwill, Measurement Period Adjustment

-$11.25M—

WTRGNatural Gas — Payments To Acquire Buildings

$91.07M-20.7%

EPDNGL Pipelines & Services — Intangible Amortization

$14M+27.3%

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$56.9B+8.5%

Enterprise value$55.66B+10.9%

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 mplx:EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityPortionRelatedToGoodwillandOtherAssetsNotAmortized.

The official record: MPLX’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.