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MPLX MPLX Natural Gas & NGL Services — Gross goodwill

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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:GoodwillGross.

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
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)
Balance as of December 31, 2025$7,645$1,110$8,755

Item 8. Financial Statements and Supplementary Data

FAQ

What is MPLX's natural gas & NGL services — gross goodwill?
MPLX (MPLX) reported natural gas & NGL services — gross goodwill of $4.25B in Q4 2025.
What does natural gas & NGL services — gross goodwill mean?
The total cumulative value of goodwill recorded for the segment before any accumulated impairment losses. This represents the total historical premium paid for acquisitions within this business segment.

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