MPLX MPLX Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Crude Oil and Products Logistics | $1.62B-4.0% | $1.69B+1.7% | $1.66B+1.5% | $1.64B+2.7% | $1.59B-0.9% | |
| Natural Gas & NGL Services | $1.42B-9.3% | $1.56B-20.2% | $1.96B+43.2% | $1.37B-10.7% | $1.53B+5.2% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Crude Oil and Products Logistics | -$31M+34.0% | -$47M-56.7% | -$30M+14.3% | -$35M-6.1% | -$33M+41.1% | |
| Natural Gas & NGL Services | -$126M-256% | $81M-80.3% | $411M+1,182% | -$38M-18.8% | -$32M+17.9% | |
| Sales-type lease revenue by Business | ||||||
| Crude Oil and Products Logistics | $102M-1.9% | $104M-8.0% | $113M-2.6% | $116M+0.9% | $115M-0.9% | |
| Natural Gas & NGL Services | $48M+17.1% | $41M+10.8% | $37M+2.8% | $36M-2.7% | $37M+8.8% | |
| Other Income by Business | ||||||
| Crude Oil and Products Logistics | $28M+3.7% | $27M-3.6% | $28M-6.7% | $30M-16.7% | $36M-7.7% | |
| Natural Gas & NGL Services | $22M-87.5% | $176M+1,000% | $16M+6.7% | $15M0.0% | $15M+15.4% | |
| Adjusted EBITDA by Business | ||||||
| Crude Oil and Products Logistics | $1.11B-5.4% | $1.18B+3.3% | $1.14B-0.1% | $1.14B+3.7% | $1.1B-2.3% | |
| Natural Gas & NGL Services | $618M-1.7% | $629M0.0% | $629M+13.9% | $552M-16.4% | $660M+3.3% | |
| Gross PP&E by Business | ||||||
| Crude Oil and Products Logistics | $13.9B+0.6% | $13.81B+0.9% | $13.68B+1.2% | $13.53B+1.2% | $13.37B+1.4% | |
| Natural Gas & NGL Services | $18.46B+2.8% | $17.95B+2.9% | $17.44B+12.7% | $15.48B+1.1% | $15.3B+0.6% | |
| Rental income by Business | ||||||
| Crude Oil and Products Logistics | $249M+3.3% | $241M+0.8% | $239M+6.7% | $224M+2.3% | $219M+1.4% | |
| Natural Gas & NGL Services | $58M+1.8% | $57M0.0% | $57M+1.8% | $56M0.0% | $56M-1.8% | |
| Property, plant and equipment, net by Business | ||||||
| Crude Oil and Products Logistics | $8.71B-0.5% | $8.75B-0.1% | $8.76B+0.2% | $8.74B+0.4% | $8.71B+0.7% | |
| Natural Gas and NGL Services | $13.28B+2.6% | $12.95B+2.8% | $12.59B+20.4% | $10.46B+0.1% | $10.44B-0.6% | |
| Equity Method Income by Business | ||||||
| Crude Oil and Products Logistics | $62M+8.8% | $57M-19.7% | $71M+20.3% | $59M+5.4% | $56M0.0% | |
| Natural Gas & NGL Services | $120M+22.4% | $98M-14.8% | $115M+3.6% | $111M-14.6% | $130M+13.0% | |
| Operating Expenses by Business | ||||||
| Crude Oil and Products Logistics | $540M-3.6% | $560M+1.3% | $553M+3.9% | $532M+0.8% | $528M-2.2% | |
| Natural Gas & NGL Services | $428M+1.2% | $423M-0.7% | $426M+0.9% | $422M-5.2% | $445M+0.5% | |
| Accumulated Depreciation by Business | ||||||
| Crude Oil and Products Logistics | $5.19B+2.5% | $5.06B+2.6% | $4.93B+2.9% | $4.79B+2.7% | $4.67B+2.7% | |
| Natural Gas and NGL Services | $5.18B+3.4% | $5B+3.3% | $4.84B-3.5% | $5.02B+3.3% | $4.86B+3.2% | |
| Capital Expenditures by Business | ||||||
| Crude Oil and Products Logistics | $104M-29.3% | $147M0.0% | $147M+14.0% | $129M+12.2% | $115M-37.2% | |
| Natural Gas & NGL Services | $561M-7.4% | $606M+35.6% | $447M+111% | $212M+38.6% | $153M+4.1% | |
| D&A by Business | ||||||
| Crude Oil and Products Logistics | $143M+2.9% | $139M0.0% | $139M+3.0% | $135M+1.5% | $133M0.0% | |
| Natural Gas & NGL Services | $215M-0.5% | $216M+4.3% | $207M+9.5% | $189M-2.1% | $193M+1.0% | |
| Equity method investment, ownership percentage by Business | ||||||
| Crude Oil and Products Logistics | 67%+26.0pp | 41%0.0pp | 41%0.0pp | 41%0.0pp | 41%0.0pp | |
| Natural Gas & NGL Services | 67%0.0pp | 67%-33.0pp | 100%+33.0pp | 67%0.0pp | 67%+22.0pp | |
| Equity Method Investments by Business | ||||||
| Crude Oil and Products Logistics | $1.58B+0.1% | $1.58B-0.7% | $1.59B-0.4% | $1.6B-0.4% | $1.61B+0.7% | |
| Natural Gas & NGL Services | $3.4B+5.7% | $3.22B-3.2% | $3.32B-3.0% | $3.43B+8.9% | $3.15B+7.1% | |
| Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties by Product | ||||||
| Product | $68M+300% | $17M-34.6% | $26M+4.0% | $25M-66.7% | $75M+23.0% | |
| Service | $1.09B-4.4% | $1.14B+4.2% | $1.09B+0.1% | $1.09B+2.5% | $1.07B-1.1% | |
| Revenue from Contract with Customer, Excluding Assessed Tax - Third parties by Product | ||||||
| Service, Other | $4M-92.9% | $56M-12.5% | $64M-8.6% | $70M-29.3% | $99M+7.6% | |
| Service | $711M-4.7% | $746M-0.5% | $750M+7.8% | $696M-1.6% | $707M-1.8% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does MPLX break its business down?
- MPLX (MPLX) reports revenue by business across 2 parts — Crude Oil and Products Logistics and Natural Gas & NGL Services. Each is extracted from the segment footnotes and tracked over time.
- Where does MPLX's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in MPLX's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
