MPLX MPLX Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenue by Business | |||||
| Crude Oil and Products Logistics | $6.58B+3.7% | $6.34B+4.8% | $6.05B+8.0% | $5.6B— | |
| Natural Gas & NGL Services | $6.42B+14.8% | $5.59B+6.9% | $5.23B-13.0% | $6.02B— | |
| Segment Reporting, Other Segment Item, Amount by Business | |||||
| Crude Oil and Products Logistics | -$145M-9.0% | -$133M-44.6% | -$92M+8.0% | -$100M— | |
| Natural Gas & NGL Services | $422M+803% | -$60M+6.3% | -$64M-114% | $466M— | |
| Sales-type lease revenue by Business | |||||
| Crude Oil and Products Logistics | $448M-5.7% | $475M-5.0% | $500M+7.5% | $465M— | |
| Natural Gas & NGL Services | $151M+11.0% | $136M0.0% | $136M+119% | $62M— | |
| Other Income by Business | |||||
| Crude Oil and Products Logistics | $121M-20.4% | $152M+124% | $68M+19.3% | $57M— | |
| Natural Gas & NGL Services | $222M+196% | $75M-13.8% | $87M-83.9% | $539M— | |
| Adjusted EBITDA by Business | |||||
| Crude Oil and Products Logistics | $4.55B+3.9% | $4.38B+5.8% | $4.13B+9.9% | $3.76B— | |
| Natural Gas & NGL Services | $2.47B+3.4% | $2.39B+11.9% | $2.14B+6.0% | $2.01B— | |
| Gross PP&E by Business | |||||
| Crude Oil and Products Logistics | $54.39B— | —— | —— | —— | |
| Natural Gas & NGL Services | $66.16B— | —— | —— | —— | |
| Rental income by Business | |||||
| Crude Oil and Products Logistics | $923M+4.6% | $882M+2.9% | $857M+6.7% | $803M— | |
| Natural Gas & NGL Services | $226M+1.8% | $222M+6.7% | $208M-27.5% | $287M— | |
| Property, plant and equipment, net by Business | |||||
| Crude Oil and Products Logistics | $34.95B— | —— | —— | —— | |
| Natural Gas and NGL Services | $46.44B— | —— | —— | —— | |
| Amortization of Intangible Assets by Business | |||||
| Crude Oil and Products Logistics | $36M+2.9% | $35M-2.8% | $36M— | —— | |
| Natural Gas & NGL Services | $105M+6.1% | $99M+7.6% | $92M— | —— | |
| Equity Method Income by Business | |||||
| Crude Oil and Products Logistics | $243M-9.7% | $269M-0.4% | $270M+37.1% | $197M— | |
| Natural Gas & NGL Services | $454M-14.8% | $533M+61.5% | $330M+18.3% | $279M— | |
| Operating Expenses by Business | |||||
| Crude Oil and Products Logistics | $2.17B+3.6% | $2.1B+4.5% | $2.01B+3.6% | $1.94B— | |
| Natural Gas & NGL Services | $1.72B+0.7% | $1.7B+9.0% | $1.56B+6.3% | $1.47B— | |
| Concentration risk, percentage by Business | |||||
| Crude Oil and Products Logistics | 88%0.0pp | 88%0.0pp | 88%-2.0pp | 90%— | |
| Natural Gas & NGL Services | 2%-2.0pp | 4%-1.0pp | 5%+1.0pp | 4%— | |
| Accumulated Depreciation by Business | |||||
| Crude Oil and Products Logistics | $19.44B— | —— | —— | —— | |
| Natural Gas and NGL Services | $19.73B— | —— | —— | —— | |
| Capital Expenditures by Business | |||||
| Crude Oil and Products Logistics | $538M+11.6% | $482M+16.4% | $414M+27.4% | $325M— | |
| Natural Gas & NGL Services | $1.42B+150% | $568M-6.1% | $605M+14.6% | $528M— | |
| Goodwill, Acquired During Period by Business | |||||
| Crude Oil and Products Logistics | $0— | —— | —— | —— | |
| Natural Gas & NGL Services | $1.11B— | —— | —— | —— | |
| D&A by Business | |||||
| Crude Oil and Products Logistics | $546M+3.8% | $526M-0.8% | $530M+2.9% | $515M— | |
| Natural Gas & NGL Services | $805M+6.3% | $757M+10.8% | $683M-4.5% | $715M— | |
| Goodwill, Impairment Loss by Business | |||||
| Crude Oil and Products Logistics | $0— | $0— | —— | —— | |
| Natural Gas & NGL Services | $0— | $0— | —— | —— | |
| Equity method investment, ownership percentage by Business | |||||
| Crude Oil and Products Logistics | 164%— | —— | —— | —— | |
| Natural Gas & NGL Services | 301%— | —— | —— | —— | |
| Equity Method Investments by Business | |||||
| Crude Oil and Products Logistics | $6.38B— | —— | —— | —— | |
| Natural Gas & NGL Services | $13.11B— | —— | —— | —— | |
| Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties by Product | |||||
| Product | $143M-36.4% | $225M-10.0% | $250M+26.3% | $198M+36.6% | |
| Service | $4.39B+5.1% | $4.18B+4.9% | $3.99B+6.2% | $3.75B+3.5% | |
| Revenue from Contract with Customer, Excluding Assessed Tax - Third parties by Product | |||||
| Service, Other | $289M-19.0% | $357M+21.4% | $294M-25.4% | $394M+14.2% | |
| Service | $2.9B+4.7% | $2.77B+9.1% | $2.54B+7.6% | $2.36B+2.0% |
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.
