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MPLX MPLX Equity method investments (Note 11)

Equity method investments (Note 11) at other companies

Oneok logo
OneokOKE
$2.99B+24.1%
TRG
Targa ResourcesTRGP
$315M+44.8%
Marathon Petroleum logo
Marathon PetroleumMPC
$7B-1.4%
Delek Logistics Partners logo
Delek Logistics PartnersDKL
Global Partners logo
Global PartnersGLP
Delek US Holdings logo
Delek US HoldingsDK

Segments

By segment

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Natural Gas & NGL Services$3.4B+8.1%
Crude Oil and Products Logistics$1.58B-1.5%

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$57.06B+8.8%
Enterprise value$55.82B+11.2%
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:EquityMethodInvestments.

The official record: MPLX’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MPLX's equity method investments (note 11)?
MPLX (MPLX) reported equity method investments (note 11) of $4.98B in Q1 2026.
How has MPLX's equity method investments (note 11) changed year-over-year?
MPLX's equity method investments (note 11) increased by 4.8% year-over-year, from $4.75B to $4.98B.
What is the long-term trend for MPLX's equity method investments (note 11)?
Over 5 years (2020 to 2025), MPLX's equity method investments (note 11) has grown at a 3.5% compound annual growth rate (CAGR), from $4.04B to $4.8B.
What does equity method investments (note 11) mean?
This represents the company's interest in entities where it exercises significant influence but does not have full control. These investments are accounted for using the equity method, where the company records its share of the investee's earnings. This is common in midstream energy for joint ventures in pipelines or processing facilities.