MPLX LP
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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13. Property, Plant and Equipment
- Property, Plant and Equipment
Property, plant and equipment with associated accumulated depreciation is shown below:
| EstimatedUseful Lives · December 31, | |||
|---|---|---|---|
| (In millions) · 2025 · 2024 | |||
| Crude Oil and Products Logistics | |||
| Pipelines | 15 - 50 years | $6,908 | $6,627 |
| Refining logistics | 15 - 20 years | 1,990 | 1,867 |
| Terminals | 15 - 40 years | 1,869 | 1,726 |
| Marine | 15 - 20 years | 1,188 | 1,149 |
| Land, building and other | 5 - 50 years | 1,627 | 1,619 |
| Construction-in-progress | 227 | 201 | |
| Total Crude Oil and Products Logistics property, plant and equipment | 13,809 | 13,189 | |
| Natural Gas and NGL Services | |||
| Gathering and transportation | 5 - 40 years | 9,379 | 7,789 |
| Treating, processing and fractionation | 10 - 40 years | 6,896 | 6,611 |
| Land, building and other | 5 - 40 years | 437 | 541 |
| Construction-in-progress | 1,238 | 274 | |
| Total Natural Gas and NGL Services property, plant and equipment | 17,950 | 15,215 | |
| Total property, plant and equipment | 31,759 | 28,404 | |
| Less accumulated depreciation | 10,061 | 9,250 | |
| Property, plant and equipment, net | $21,698 | $19,154 | |
We capitalize interest as part of the cost of major projects during the construction period. Capitalized interest totaled $42 million, $19 million and $15 million for the years ended December 31, 2025, 2024 and 2023, respectively.
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