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
DateValue
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