Service was Mplx’s largest segment in fiscal 2025, bringing in $4.82B of $7.24B (67%).
| Segment | FY 2016 | FY 2018 | FY 2018 | FY 2019 | FY 2020 | FY 2023 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Service | $4.34B | $4.82B | |||||
| Product | $2.19B | $2.42B | |||||
| Third Party Reimbursements | — | — | |||||
| Service, Other | — | — | |||||
| Percent-Of-Proceeds | — | — | |||||
| Imbalances | — | — | |||||
| Non-Cash Consideration | — | — | |||||
| Total | $6.53B | $7.24B |
Mplx brought in $7.24B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 11.0% from $6.53B in fiscal 2023, the previous year with figures. Service was the largest at $4.82B (66.6%), ahead of Product at $2.42B (33.4%).
Compared with fiscal 2023, the previous year with figures, Service grew 11.3% to $4.82B and Product grew 10.4% to $2.42B. From fiscal 2023 to 2025, combined revenue from these segments grew from $6.53B to $7.24B, a compound annual growth rate of 5.3%. Service's share held steady at about 66.6%.
Crude Oil & Products Logistics was Mplx’s largest segment in fiscal 2025, bringing in $4.82B of $7.29B (66%).
| Statement Business Segments | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crude Oil & Products Logistics | $4.06B | $4.34B | $6.34B | $4.82B | ||||||
| Natural Gas Ngl Services | $4.85B | $2.19B | $5.59B | $2.47B | ||||||
| Gathering & Processing | — | — | — | — | ||||||
| Logistics & Storage | — | — | — | — | ||||||
| Total | $8.91B | $6.53B | $11.93B | $7.29B |
Mplx brought in $7.29B from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 38.9% from $11.93B in fiscal 2024. Crude Oil & Products Logistics was the largest at $4.82B (66.2%), ahead of Natural Gas Ngl Services at $2.47B (33.8%).
Compared with fiscal 2024, Crude Oil & Products Logistics fell 23.9% to $4.82B and Natural Gas Ngl Services fell 55.9% to $2.47B. From fiscal 2022 to 2025, combined revenue from these segments fell from $8.91B to $7.29B, a compound annual decline of 6.4%. Crude Oil & Products Logistics' share of the total rose from 45.6% to 66.2%.
Maximum was Mplx’s largest revenue line in fiscal 2018, bringing in $403.00M of $768.00M (52%).
| Range | FY 2018 |
|---|---|
| Maximum | $403.00M |
| Minimum | $365.00M |
| Total | $768.00M |
Mplx brought in $768.00M from its two revenue lines in fiscal 2018, the year ended January 1, 2018. Maximum was the largest at $403.00M (52.5%), ahead of Minimum at $365.00M (47.5%).
Mplx (MPLX) reports its revenue by segment, by statement business segments and by range. In fiscal 2025, Service was its largest segment, bringing in $4.82B (66.6% of the total), followed by Product at $2.42B (33.4%).
Service was Mplx's largest segment in fiscal 2025, bringing in $4.82B, or 66.6% of the $7.24B total across its two segments.
Maximum was Mplx's largest revenue line in fiscal 2018, bringing in $403.00M, or 52.5% of the $768.00M total across its two revenue lines.
Every figure comes from Mplx's annual financial filings, as reported. Each line keeps the name Mplx gives it, and years follow its fiscal calendar.
Mplx's revenue by segment goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.