MPLX MPLX Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Crude Oil and Products Logistics | $1.62B+1.8% | $1.69B+5.0% | $1.66B+3.3% | $1.64B+2.6% | $1.59B+4.0% | |
| Natural Gas & NGL Services | $1.42B-7.4% | $1.56B+7.4% | $1.96B+43.5% | $1.37B-6.2% | $1.53B+16.5% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Crude Oil and Products Logistics | -$31M+6.1% | -$47M+16.1% | -$30M-3.4% | -$35M-34.6% | -$33M-50.0% | |
| Natural Gas & NGL Services | -$126M-294% | $81M+308% | $411M+567% | -$38M-134% | -$32M+28.9% | |
| Sales-type lease revenue by Business | ||||||
| Crude Oil and Products Logistics | $102M-11.3% | $104M-10.3% | $113M-4.2% | $116M-3.3% | $115M-5.0% | |
| Natural Gas & NGL Services | $48M+29.7% | $41M+20.6% | $37M+8.8% | $36M+5.9% | $37M+8.8% | |
| Other Income by Business | ||||||
| Crude Oil and Products Logistics | $28M-22.2% | $27M-30.8% | $28M-15.2% | $30M0.0% | $36M-28.0% | |
| Natural Gas & NGL Services | $22M+46.7% | $176M+1,254% | $16M+14.3% | $15M+15.4% | $15M-57.1% | |
| Adjusted EBITDA by Business | ||||||
| Crude Oil and Products Logistics | $1.11B+1.3% | $1.18B+4.6% | $1.14B+3.9% | $1.14B+3.5% | $1.1B+3.6% | |
| Natural Gas & NGL Services | $618M-6.4% | $629M-1.6% | $629M+1.5% | $552M-0.4% | $660M+14.6% | |
| Gross PP&E by Business | ||||||
| Crude Oil and Products Logistics | $13.9B+3.9% | $13.81B+4.7% | $13.68B— | $13.53B— | $13.37B— | |
| Natural Gas & NGL Services | $18.46B+20.6% | $17.95B+18.0% | $17.44B— | $15.48B— | $15.3B— | |
| Rental income by Business | ||||||
| Crude Oil and Products Logistics | $249M+13.7% | $241M+11.6% | $239M+7.2% | $224M+2.3% | $219M-2.2% | |
| Natural Gas & NGL Services | $58M+3.6% | $57M0.0% | $57M+1.8% | $56M0.0% | $56M+5.7% | |
| Property, plant and equipment, net by Business | ||||||
| Crude Oil and Products Logistics | $8.71B+0.1% | $8.75B+1.2% | $8.76B— | $8.74B— | $8.71B— | |
| Natural Gas and NGL Services | $13.28B+27.2% | $12.95B+23.2% | $12.59B— | $10.46B— | $10.44B— | |
| Equity Method Income by Business | ||||||
| Crude Oil and Products Logistics | $62M+10.7% | $57M+1.8% | $71M+1.4% | $59M-25.3% | $56M-12.5% | |
| Natural Gas & NGL Services | $120M-7.7% | $98M-14.8% | $115M+45.6% | $111M-54.9% | $130M+39.8% | |
| Operating Expenses by Business | ||||||
| Crude Oil and Products Logistics | $540M+2.3% | $560M+3.7% | $553M+2.0% | $532M+2.1% | $528M+6.9% | |
| Natural Gas & NGL Services | $428M-3.8% | $423M-4.5% | $426M-0.9% | $422M+1.4% | $445M+7.2% | |
| Accumulated Depreciation by Business | ||||||
| Crude Oil and Products Logistics | $5.19B+11.1% | $5.06B+11.4% | $4.93B— | $4.79B— | $4.67B— | |
| Natural Gas and NGL Services | $5.18B+6.5% | $5B+6.3% | $4.84B— | $5.02B— | $4.86B— | |
| Capital Expenditures by Business | ||||||
| Crude Oil and Products Logistics | $104M-9.6% | $147M-19.7% | $147M+31.3% | $129M+25.2% | $115M+36.9% | |
| Natural Gas & NGL Services | $561M+267% | $606M+312% | $447M+137% | $212M+100% | $153M+21.4% | |
| D&A by Business | ||||||
| Crude Oil and Products Logistics | $143M+7.5% | $139M+4.5% | $139M+5.3% | $135M+3.1% | $133M+2.3% | |
| Natural Gas & NGL Services | $215M+11.4% | $216M+13.1% | $207M+8.9% | $189M0.0% | $193M+3.2% | |
| Equity method investment, ownership percentage by Business | ||||||
| Crude Oil and Products Logistics | 67%+26.0pp | 41%0.0pp | 41%— | 41%— | 41%— | |
| Natural Gas & NGL Services | 67%0.0pp | 67%+22.0pp | 100%— | 67%— | 67%+31.0pp | |
| Equity Method Investments by Business | ||||||
| Crude Oil and Products Logistics | $1.58B-1.5% | $1.58B-0.9% | $1.59B— | $1.6B— | $1.61B— | |
| Natural Gas & NGL Services | $3.4B+8.1% | $3.22B+9.6% | $3.32B— | $3.43B— | $3.15B— | |
| Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties by Product | ||||||
| Product | $68M-9.3% | $17M-72.1% | $26M-49.0% | $25M-50.0% | $75M+19.0% | |
| Service | $1.09B+2.3% | $1.14B+5.8% | $1.09B+2.6% | $1.09B+4.1% | $1.07B+8.1% | |
| Revenue from Contract with Customer, Excluding Assessed Tax - Third parties by Product | ||||||
| Service, Other | $4M-96.0% | $56M-39.1% | $64M-25.6% | $70M-16.7% | $99M+4.2% | |
| Service | $711M+0.6% | $746M+3.6% | $750M+5.8% | $696M+1.9% | $707M+7.4% |
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.
