MPLX MPLX Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Crude Oil and Products Logistics | $6.6B+0.4% | $6.58B+1.2% | $6.49B+0.8% | $6.44B+0.6% | $6.4B+1.0% | |
| Natural Gas & NGL Services | $6.31B-1.8% | $6.42B+1.7% | $6.32B+10.4% | $5.72B-1.5% | $5.81B+3.9% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Crude Oil and Products Logistics | -$143M+1.4% | -$145M+5.8% | -$154M-0.7% | -$153M-6.3% | -$144M-8.3% | |
| Natural Gas & NGL Services | $328M-22.3% | $422M+39.7% | $302M+253% | -$197M-319% | -$47M+21.7% | |
| Sales-type lease revenue by Business | ||||||
| Crude Oil and Products Logistics | $435M-2.9% | $448M-2.6% | $460M-1.1% | $465M-0.9% | $469M-1.3% | |
| Natural Gas & NGL Services | $162M+7.3% | $151M+4.9% | $144M+2.1% | $141M+1.4% | $139M+2.2% | |
| Other Income by Business | ||||||
| Crude Oil and Products Logistics | $113M-6.6% | $121M-9.0% | $133M-3.6% | $138M0.0% | $138M-9.2% | |
| Natural Gas & NGL Services | $229M+3.2% | $222M+276% | $59M+3.5% | $57M+3.6% | $55M-26.7% | |
| Adjusted EBITDA by Business | ||||||
| Crude Oil and Products Logistics | $4.56B+0.3% | $4.55B+1.2% | $4.5B+1.0% | $4.45B+0.9% | $4.41B+0.9% | |
| Natural Gas & NGL Services | $2.43B-1.7% | $2.47B-0.4% | $2.48B+0.4% | $2.47B-0.1% | $2.47B+3.5% | |
| Gross PP&E by Business | ||||||
| Crude Oil and Products Logistics | $54.91B+1.0% | $54.39B+1.2% | $53.77B— | —— | —— | |
| Natural Gas & NGL Services | $69.32B+4.8% | $66.16B+4.3% | $63.43B— | —— | —— | |
| Rental income by Business | ||||||
| Crude Oil and Products Logistics | $953M+3.3% | $923M+2.8% | $898M+1.8% | $882M+0.6% | $877M-0.6% | |
| Natural Gas & NGL Services | $228M+0.9% | $226M0.0% | $226M+0.4% | $225M0.0% | $225M+1.4% | |
| Property, plant and equipment, net by Business | ||||||
| Crude Oil and Products Logistics | $34.95B0.0% | $34.95B+0.3% | $34.84B— | —— | —— | |
| Natural Gas and NGL Services | $49.28B+6.1% | $46.44B+5.5% | $44B— | —— | —— | |
| Equity Method Income by Business | ||||||
| Crude Oil and Products Logistics | $249M+2.5% | $243M+0.4% | $242M+0.4% | $241M-7.7% | $261M-3.0% | |
| Natural Gas & NGL Services | $444M-2.2% | $454M-3.6% | $471M+8.3% | $435M-23.7% | $570M+6.9% | |
| Operating Expenses by Business | ||||||
| Crude Oil and Products Logistics | $2.19B+0.6% | $2.17B+0.9% | $2.15B+0.5% | $2.14B+0.5% | $2.13B+1.6% | |
| Natural Gas & NGL Services | $1.7B-1.0% | $1.72B-1.2% | $1.74B-0.2% | $1.74B+0.3% | $1.73B+1.8% | |
| Accumulated Depreciation by Business | ||||||
| Crude Oil and Products Logistics | $19.96B+2.7% | $19.44B+2.7% | $18.92B— | —— | —— | |
| Natural Gas and NGL Services | $20.04B+1.6% | $19.73B+1.5% | $19.43B— | —— | —— | |
| Capital Expenditures by Business | ||||||
| Crude Oil and Products Logistics | $527M-2.0% | $538M-6.3% | $574M+6.5% | $539M+5.1% | $513M+6.4% | |
| Natural Gas & NGL Services | $1.83B+28.8% | $1.42B+47.9% | $959M+36.8% | $701M+17.8% | $595M+4.8% | |
| D&A by Business | ||||||
| Crude Oil and Products Logistics | $556M+1.8% | $546M+1.1% | $540M+1.3% | $533M+0.8% | $529M+0.6% | |
| Natural Gas & NGL Services | $827M+2.7% | $805M+3.2% | $780M+2.2% | $763M0.0% | $763M+0.8% | |
| Equity method investment, ownership percentage by Business | ||||||
| Crude Oil and Products Logistics | 190%+26.0pp | 164%0.0pp | 164%— | —— | —— | |
| Natural Gas & NGL Services | 301%0.0pp | 301%+22.0pp | 279%— | —— | —— | |
| Equity Method Investments by Business | ||||||
| Crude Oil and Products Logistics | $6.35B-0.4% | $6.38B-0.2% | $6.39B— | —— | —— | |
| Natural Gas & NGL Services | $13.36B+1.9% | $13.11B+2.2% | $12.83B— | —— | —— | |
| Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties by Product | ||||||
| Product | $136M-4.9% | $143M-23.5% | $187M-11.8% | $212M-10.5% | $237M+5.3% | |
| Service | $4.42B+0.5% | $4.39B+1.4% | $4.33B+0.7% | $4.3B+1.0% | $4.26B+1.9% | |
| Revenue from Contract with Customer, Excluding Assessed Tax - Third parties by Product | ||||||
| Service, Other | $194M-32.9% | $289M-11.1% | $325M-6.3% | $347M-3.9% | $361M+1.1% | |
| Service | $2.9B+0.1% | $2.9B+0.9% | $2.87B+1.4% | $2.83B+0.5% | $2.82B+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.
