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MPLX MPLX Natural Gas & NGL Services — Goodwill, Impairment Loss

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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$59.67B+16.6%
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:GoodwillImpairmentLoss.

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
(In millions)Crude Oil and Products LogisticsNatural Gas and NGL ServicesTotal
Balance as of December 31, 2023$7,645$7,645
Impairment losses
Balance as of December 31, 20247,6457,645
Acquisitions(1)1,1101,110
Impairment losses
Balance as of December 31, 20257,6451,1108,755
Gross goodwill as of December 31, 20257,6454,25111,896
Accumulated impairment losses(3,141)(3,141)

Item 8. Financial Statements and Supplementary Data

FAQ

What is MPLX's natural gas & NGL services — goodwill, impairment loss?
MPLX (MPLX) reported natural gas & NGL services — goodwill, impairment loss of $0 in Q4 2025.
What does natural gas & NGL services — goodwill, impairment loss mean?
A non-cash charge recognized when the carrying value of a reporting unit's goodwill exceeds its implied fair value. This indicates that the expected future cash flows from the acquired assets have declined below the original acquisition valuation.

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