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MPLX MPLX Natural Gas & NGL Services — Gross Intangibles

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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$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 us-gaap:FiniteLivedIntangibleAssetsGross.

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 — gross intangibles?
MPLX (MPLX) reported natural gas & NGL services — gross intangibles of $2.18B in Q4 2025.
What does natural gas & NGL services — gross intangibles mean?
This represents the total historical cost of all identifiable intangible assets associated with the Natural Gas and NGL Services business segment before accounting for accumulated amortization or impairment. These assets typically include contractual rights, customer relationships, and permits acquired through business combinations or direct investment. Tracking this figure provides insight into the total capital investment allocated to non-physical assets within this specific operational segment.