Mplx (MPLX) Cost of Revenue (2011 - 2026)
Mplx (MPLX) posted quarterly Cost of Revenue of $402.0 million for Q1 2026, down 12.42% year-over-year from $459.0 million in Q1 2025, and down 39.27% quarter-over-quarter from $662.0 million in Q4 2025.
Mplx (MPLX) Cost of Revenue (2011 - 2026) Analysis & Trends
Mplx (MPLX) has reported Cost of Revenue for 16 consecutive years, with $402.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue fell 12.42% year-over-year to $402.0 million; the TTM figure through Mar 2026 stood at $1.8 billion (up 11.4% YoY), while the FY2025 annual figure was $1.8 billion, up 16.27% from the prior year.
- Cost of Revenue eased to $402.0 million in Q1 2026 per MPLX's latest filing, from $662.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $662.0 million in Q4 2025 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Cost of Revenue soared 81.21% — and 2023, when it tumbled 32.04%.
- Mplx's Cost of Revenue stood at $388.0 million in 2022, then surged by 48.2% to $575.0 million in 2023, then tumbled by 30.09% to $402.0 million in 2024, then surged by 64.68% to $662.0 million in 2025, then slumped by 39.27% to $402.0 million in 2026.
- Business Quant data shows MPLX's Cost of Revenue at $402.0 million in Q1 2026, $662.0 million in Q4 2025, and $395.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enbridge | 110.78 Bn | 109.29 Bn | 5.23 Bn | 15.96 Bn |
| 3 | Enterprise Products Partners | 83.22 Bn | 82.32 Bn | - | - |
| 4 | Energy Transfer | 72.29 Bn | 71.26 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Tc Energy | 65.94 Bn | 58.38 Bn | 1.24 Bn | 52.77 Mn |
| 6 | Mplx | 60.24 Bn | 59.20 Bn | 2.73 Bn | 587.00 Mn |
| 7 | Oneok | 59.73 Bn | 59.57 Bn | 2.81 Bn | 9.24 Bn |
| 8 | Targa Resources | 58.90 Bn | 58.77 Bn | 2.14 Bn | 2.30 Bn |
| 9 | Cheniere Energy | 55.79 Bn | 54.54 Bn | 5.29 Bn | 439.00 Mn |
| 10 | Venture Global | 34.05 Bn | 30.83 Bn | 2.92 Bn | 1.66 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 587.00 Mn |
| Jun 30, 2026 | 587.00 Mn |
| 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 |