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+3.2% | $6.58B+3.7% | $6.49B+4.0% | $6.44B+4.7% | $6.4B+5.5% | |
| Natural Gas & NGL Services | $6.31B+8.6% | $6.42B+14.8% | $6.32B+16.0% | $5.72B+6.2% | $5.81B+10.9% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Crude Oil and Products Logistics | -$143M+0.7% | -$145M-9.0% | -$154M-54.0% | -$153M-62.8% | -$144M-58.2% | |
| Natural Gas & NGL Services | $328M+798% | $422M+803% | $302M+916% | -$197M-663% | -$47M+49.5% | |
| Sales-type lease revenue by Business | ||||||
| Crude Oil and Products Logistics | $435M-7.2% | $448M-5.7% | $460M-5.0% | $465M-5.3% | $469M-5.4% | |
| Natural Gas & NGL Services | $162M+16.5% | $151M+11.0% | $144M+5.9% | $141M+3.7% | $139M+2.2% | |
| Other Income by Business | ||||||
| Crude Oil and Products Logistics | $113M-18.1% | $121M-20.4% | $133M+2.3% | $138M+21.1% | $138M+36.6% | |
| Natural Gas & NGL Services | $229M+316% | $222M+196% | $59M-29.6% | $57M-37.7% | $55M-45.1% | |
| Adjusted EBITDA by Business | ||||||
| Crude Oil and Products Logistics | $4.56B+3.4% | $4.55B+3.9% | $4.5B+4.9% | $4.45B+5.4% | $4.41B+6.1% | |
| Natural Gas & NGL Services | $2.43B-1.8% | $2.47B+3.4% | $2.48B+8.6% | $2.47B+12.4% | $2.47B+13.6% | |
| Gross PP&E by Business | ||||||
| Crude Oil and Products Logistics | $54.91B— | $54.39B— | $53.77B— | —— | —— | |
| Natural Gas & NGL Services | $69.32B— | $66.16B— | $63.43B— | —— | —— | |
| Rental income by Business | ||||||
| Crude Oil and Products Logistics | $953M+8.7% | $923M+4.6% | $898M+2.0% | $882M+1.2% | $877M+1.2% | |
| Natural Gas & NGL Services | $228M+1.3% | $226M+1.8% | $226M+4.1% | $225M+5.6% | $225M+7.7% | |
| Property, plant and equipment, net by Business | ||||||
| Crude Oil and Products Logistics | $34.95B— | $34.95B— | $34.84B— | —— | —— | |
| Natural Gas and NGL Services | $49.28B— | $46.44B— | $44B— | —— | —— | |
| Equity Method Income by Business | ||||||
| Crude Oil and Products Logistics | $249M-4.6% | $243M-9.7% | $242M-13.7% | $241M-13.3% | $261M-2.1% | |
| Natural Gas & NGL Services | $444M-22.1% | $454M-14.8% | $471M-5.9% | $435M-13.7% | $570M+67.4% | |
| Operating Expenses by Business | ||||||
| Crude Oil and Products Logistics | $2.19B+2.5% | $2.17B+3.6% | $2.15B+4.6% | $2.14B+6.1% | $2.13B+6.6% | |
| Natural Gas & NGL Services | $1.7B-2.0% | $1.72B+0.7% | $1.74B+5.1% | $1.74B+7.9% | $1.73B+9.2% | |
| Accumulated Depreciation by Business | ||||||
| Crude Oil and Products Logistics | $19.96B— | $19.44B— | $18.92B— | —— | —— | |
| Natural Gas and NGL Services | $20.04B— | $19.73B— | $19.43B— | —— | —— | |
| Capital Expenditures by Business | ||||||
| Crude Oil and Products Logistics | $527M+2.7% | $538M+11.6% | $574M+42.6% | $539M+36.8% | $513M+30.0% | |
| Natural Gas & NGL Services | $1.83B+207% | $1.42B+150% | $959M+67.6% | $701M+31.2% | $595M+2.6% | |
| D&A by Business | ||||||
| Crude Oil and Products Logistics | $556M+5.1% | $546M+3.8% | $540M+2.8% | $533M+1.3% | $529M+0.3% | |
| Natural Gas & NGL Services | $827M+8.4% | $805M+6.3% | $780M+5.9% | $763M+6.3% | $763M+9.1% | |
| Equity method investment, ownership percentage by Business | ||||||
| Crude Oil and Products Logistics | 190%— | 164%— | 164%— | —— | —— | |
| Natural Gas & NGL Services | 301%— | 301%— | 279%— | —— | —— | |
| Equity Method Investments by Business | ||||||
| Crude Oil and Products Logistics | $6.35B— | $6.38B— | $6.39B— | —— | —— | |
| Natural Gas & NGL Services | $13.36B— | $13.11B— | $12.83B— | —— | —— | |
| Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties by Product | ||||||
| Product | $136M-42.6% | $143M-36.4% | $187M-27.8% | $212M-18.1% | $237M-2.5% | |
| Service | $4.42B+3.7% | $4.39B+5.1% | $4.33B+5.0% | $4.3B+5.0% | $4.26B+6.0% | |
| Revenue from Contract with Customer, Excluding Assessed Tax - Third parties by Product | ||||||
| Service, Other | $194M-46.3% | $289M-19.0% | $325M-5.8% | $347M+3.9% | $361M+16.5% | |
| Service | $2.9B+3.0% | $2.9B+4.7% | $2.87B+6.1% | $2.83B+7.3% | $2.82B+8.8% |
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.
