Mplx (MPLX) Debt to Equity (2012 - 2026)

Mplx's (MPLX) quarterly Debt to Equity came in at $1.79 in Q1 2026, up 12.51% year-on-year from $1.59 in Q1 2025, and little changed sequentially from $1.79 in Q4 2025.

Mplx (MPLX) Debt to Equity (2012 - 2026) Analysis & Trends

Mplx's Debt to Equity history runs 15 years deep, the most recent figure standing at $1.79 for Q1 2026.

  • In Q1 2026, Debt to Equity rose 12.51% year-over-year to $1.79; the TTM figure through Mar 2026 stood at $1.79 (up 12.51% YoY), while the FY2025 annual figure was $1.79, up 18.23% from the prior year.
  • Debt to Equity came in at $1.79 for Q1 2026 at Mplx, roughly flat from $1.79 in the prior quarter.
  • Over five years, Debt to Equity peaked at $1.79 in Q3 2025 and troughed at $1.51 in Q2 2025.
  • The 5-year median for Debt to Equity is $1.61 (2024), against an average of $1.64.
  • The widest annual swing landed in 2022, when Debt to Equity jumped 1087.81%; it then retreated 7.46% in 2024.
  • A 5-year view of Debt to Equity shows it stood at $1.58 in 2022, then gained by 2.04% to $1.61 in 2023, then declined by 5.77% to $1.52 in 2024, then increased by 18.23% to $1.79 in 2025, then dropped by 0.05% to $1.79 in 2026.
  • Per Business Quant data, the three most recent Debt to Equity figures were $1.79 in Q1 2026, $1.79 in Q4 2025, and $1.79 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 1.66
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.02
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.12
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 2.01
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 5.85
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.79
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 1.43
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 182.28
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 3.41
10 Plains All American Pipeline 15.72 Bn 15.54 Bn 977.00 Mn 0.74

Historic Data

Download Data
DateValue
Mar 31, 2026 1.79
Dec 31, 2025 1.79
Sep 30, 2025 1.79
Jun 30, 2025 1.51
Mar 31, 2025 1.59
Dec 31, 2024 1.52
Sep 30, 2024 1.60
Jun 30, 2024 1.61
Mar 31, 2024 1.56
Dec 31, 2023 1.61
Sep 30, 2023 1.65
Jun 30, 2023 1.67
Mar 31, 2023 1.69
Dec 31, 2022 1.58
Sep 30, 2022 1.56
Jun 30, 2022 1.63
Mar 31, 2022 1.64
Dec 31, 2021 1.54
Sep 30, 2021 0.13
Jun 30, 2021 1.54