Mplx (MPLX) Cost of Revenue (2011 - 2026)
Mplx's (MPLX) quarterly Cost of Revenue came in at $587.0 million in Q2 2026, up 35.88% year-over-year from $432.0 million in Q2 2025, and up 17.87% quarter-over-quarter from $498.0 million in Q1 2026.
Analysis
Mplx (MPLX) Cost of Revenue (2011 - 2026) Analysis & Trends
Mplx (MPLX) has reported Cost of Revenue for 16 consecutive years, with $587.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 35.88% year-over-year to $587.0 million in Q2 2026; TTM through Jun 2026 was $2.0 billion, a 18.39% 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 was $587.0 million for Q2 2026 at Mplx, up from $498.0 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $663.0 million in Q2 2022 and troughed at $354.0 million in Q2 2023.
- A 5-year average of $451.2 million and a median of $431.5 million in 2025 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue jumped 96.15% in 2022 and slumped 46.61% in 2023, its largest moves.
- Over 5 years, Cost of Revenue stood at $393.0 million in 2022, then slipped by 7.38% to $364.0 million in 2023, then grew by 10.44% to $402.0 million in 2024, then climbed by 7.21% to $431.0 million in 2025, then soared by 36.19% to $587.0 million in 2026.
- The last three Cost of Revenue figures came in at $587.0 million (Q2 2026), $498.0 million (Q1 2026), and $431.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | - |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 26.94 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 1.06 Bn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 2.30 Bn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 587.00 Mn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 9.24 Bn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 15.96 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 1.29 Bn |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 587.00 Mn |
| Mar 31, 2026 | 498.00 Mn |
| Dec 31, 2025 | 431.00 Mn |
| Sep 30, 2025 | 493.00 Mn |
| Jun 30, 2025 | 432.00 Mn |
| Mar 31, 2025 | 459.00 Mn |
| Dec 31, 2024 | 402.00 Mn |
| Sep 30, 2024 | 404.00 Mn |
| Jun 30, 2024 | 384.00 Mn |
| Mar 31, 2024 | 371.00 Mn |
| Dec 31, 2023 | 364.00 Mn |
| Sep 30, 2023 | 474.00 Mn |
| Jun 30, 2023 | 354.00 Mn |
| Mar 31, 2023 | 406.00 Mn |
| Dec 31, 2022 | 393.00 Mn |
| Sep 30, 2022 | 540.00 Mn |
| Jun 30, 2022 | 663.00 Mn |
| Mar 31, 2022 | 467.00 Mn |
| Dec 31, 2021 | 550.00 Mn |
| Sep 30, 2021 | 421.00 Mn |