Property, plant and equipment, net
MPLX Property, plant and equipment, net increased by 1.4% to $21.99B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.9%, from $19.15B to $21.99B. Over 4 years (FY 2021 to FY 2025), Property, plant and equipment, net shows relatively stable performance with a 2.0% CAGR.
Analysis
How to read this metric
An increase indicates capital expansion and infrastructure investment, while a decrease suggests asset depreciation or divestment.
Detailed definition
This represents the net book value of long-term physical assets such as office buildings, data center infrastructure, an...
Peer comparison
Standard line item across all capital-intensive industries, often referred to as 'Net PP&E'.
non_current_assets_property_plant_and_equipment_and_fina_e3effdHistorical Data
| Q4 '21 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $20.04B | $19.77B | $18.91B | $18.85B | $18.76B | $18.69B | $18.62B | $19.26B | $19.30B | $19.19B | $19.15B | $19.15B | $19.15B | $19.19B | $21.35B | $21.70B | $21.99B |
| QoQ Change | — | -1.4% | -4.3% | -0.3% | -0.5% | -0.4% | -0.4% | +3.5% | +0.2% | -0.6% | -0.2% | +0.0% | -0.0% | +0.2% | +11.2% | +1.6% | +1.4% |
| YoY Change | — | — | — | -6.0% | — | -5.4% | -1.5% | +2.2% | +2.9% | +2.6% | +2.9% | -0.6% | -0.8% | +0.0% | +11.5% | +13.3% | +14.9% |
Business Segments — Natural Gas and NGL Services
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Natural Gas and NGL Services | $10.44B | $10.46B | $12.59B | $12.95B | $13.28B |
| Crude Oil and Products Logistics | $8.71B | $8.74B | $8.76B | $8.75B | $8.71B |
| Total | $19.15B | $19.19B | $21.35B | $21.70B | $21.99B |
Business Segments — G&P
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| G&P | $9.99B | $9.96B | $9.92B | $9.91B | $10.52B | $10.62B | $10.54B | $10.54B |
| L&S | $8.86B | $8.80B | $8.77B | $8.71B | $8.74B | $8.68B | $8.64B | $8.62B |
| Total | $18.85B | $18.76B | $18.69B | $18.62B | $19.26B | $19.30B | $19.19B | $19.15B |
G&P, L&S were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Property, plant and equipment, net at Other Companies
Frequently Asked Questions
- What is MPLX's property, plant and equipment, net?
- MPLX (MPLX) reported property, plant and equipment, net of $21.99B in Q1 2026.
- How has MPLX's property, plant and equipment, net changed year-over-year?
- MPLX's property, plant and equipment, net increased by 14.9% year-over-year, from $19.15B to $21.99B.
- What is the long-term trend for MPLX's property, plant and equipment, net?
- Over 4 years (2021 to 2025), MPLX's property, plant and equipment, net has grown at a 2.0% compound annual growth rate (CAGR), from $20.04B to $21.70B.
- What does property, plant and equipment, net mean?
- The net value of the company's long-term physical assets like buildings and equipment.