Mplx (MPLX) Cost of Revenue (2011 - 2026)
Mplx's (MPLX) quarterly Cost of Revenue came in at $402.0 million in Q1 2026, down 12.42% year-on-year from $459.0 million in Q1 2025, and down 39.27% on a QoQ basis from $662.0 million in Q4 2025.
Mplx (MPLX) Cost of Revenue (2011 - 2026) Analysis & Trends
Mplx (MPLX) has 16 years of Cost of Revenue data on file, last reported at $402.0 million in Q1 2026.
- On a quarterly basis, Cost of Revenue fell 12.42% year-over-year to $402.0 million in Q1 2026; TTM through Mar 2026 was $1.8 billion, a 11.4% increase from a year earlier, with the FY2025 full-year figure at $1.8 billion, up 16.27% from the prior year.
- Cost of Revenue for Q1 2026 stood at $402.0 million, down from $662.0 million in the prior quarter.
- Over the last five years, Cost of Revenue for MPLX reached as high as $662.0 million in Q4 2025 and fell as low as $287.0 million in Q1 2022.
- Historically, Cost of Revenue has averaged $410.2 million across 5 years, with a median of $388.0 million in 2022.
- Across the five-year window, Cost of Revenue jumped 81.21% in 2022 and sank 32.04% in 2023, its largest moves.
- Year by year, Cost of Revenue stood at $388.0 million in 2022, then jumped by 48.2% to $575.0 million in 2023, then tumbled by 30.09% to $402.0 million in 2024, then jumped by 64.68% to $662.0 million in 2025, then slumped by 39.27% to $402.0 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $402.0 million in Q1 2026, $662.0 million in Q4 2025, and $395.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,943.60 Bn | 2,943.47 Bn | 167.16 Mn | 19.13 Mn |
| 2 | Flex LNG | 1,649.28 Bn | 1,648.89 Bn | 61.79 Mn | 18.67 Mn |
| 3 | Enbridge | 120.97 Bn | 119.64 Bn | 6.70 Bn | 9.60 Bn |
| 4 | Kinder Morgan | 112.45 Bn | 112.33 Bn | 3.07 Bn | 1.41 Bn |
| 5 | Enterprise Products Partners | 82.58 Bn | 81.38 Bn | - | - |
| 6 | Tc Energy | 71.17 Bn | 65.47 Bn | 1.36 Bn | 39.44 Mn |
| 7 | Energy Transfer | 68.75 Bn | 67.78 Bn | 6.62 Bn | 21.15 Bn |
| 8 | Mplx | 59.29 Bn | 57.78 Bn | 1.95 Bn | 402.00 Mn |
| 9 | Targa Resources | 57.65 Bn | 57.55 Bn | 1.70 Bn | 2.39 Bn |
| 10 | Oneok | 56.54 Bn | 56.36 Bn | 8.98 Bn | 634.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 402.00 Mn |
| Mar 31, 2026 | 402.00 Mn |
| Dec 31, 2025 | 662.00 Mn |
| Dec 31, 2025 | 662.00 Mn |
| Sep 30, 2025 | 395.00 Mn |
| Sep 30, 2025 | 395.00 Mn |
| Jun 30, 2025 | 369.00 Mn |
| Jun 30, 2025 | 369.00 Mn |
| Mar 31, 2025 | 459.00 Mn |
| Mar 31, 2025 | 459.00 Mn |
| Dec 31, 2024 | 402.00 Mn |
| Dec 31, 2024 | 402.00 Mn |
| Sep 30, 2024 | 404.00 Mn |
| Sep 30, 2024 | 404.00 Mn |
| Jun 30, 2024 | 376.00 Mn |
| Jun 30, 2024 | 376.00 Mn |
| Mar 31, 2024 | 369.00 Mn |
| Mar 31, 2024 | 369.00 Mn |
| Dec 31, 2023 | 575.00 Mn |
| Dec 31, 2023 | 575.00 Mn |