Mplx (MPLX) FCF Margin (2011 - 2026)
Mplx's (MPLX) quarterly FCF Margin came in at 26.48% in Q2 2026, down 2131.0% year-over-year from 1.3% in Q2 2025, and up 4.2% quarter-over-quarter from 25.41% in Q1 2026.
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Mplx (MPLX) FCF Margin (2011 - 2026) Analysis & Trends
Mplx (MPLX) has reported FCF Margin for 16 consecutive years, with 26.48% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin fell 2131.0% year-over-year to 26.48% in Q2 2026; TTM through Jun 2026 was 25.23%, a 1519.0% decrease from a year earlier, with the FY2025 full-year figure at 31.55%, down 943.0% from the prior year.
- FCF Margin was 26.48% for Q2 2026 at Mplx, up from 25.41% in the prior quarter.
- Over five years, FCF Margin peaked at 47.79% in Q2 2025 and troughed at 23.46% in Q3 2022.
- A 5-year average of 36.09% and a median of 37.41% in 2024 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin jumped 1136 bps in 2023 and tumbled 2131 bps in 2026, its largest moves.
- Over 5 years, FCF Margin stood at 41.21% in 2022, then dropped by 1 bps to 40.93% in 2023, then rose by 9 bps to 44.63% in 2024, then slumped by 46 bps to 24.05% in 2025, then advanced by 10 bps to 26.48% in 2026.
- The last three FCF Margin figures came in at 26.48% (Q2 2026), 25.41% (Q1 2026), and 24.05% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 21.84% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 11.07% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.88% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 92.82% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 9.71% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 11.95% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 3.87% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 51.81% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.48% |
| Mar 31, 2026 | 25.41% |
| Dec 31, 2025 | 24.05% |
| Sep 30, 2025 | 25.01% |
| Jun 30, 2025 | 47.79% |
| Mar 31, 2025 | 31.34% |
| Dec 31, 2024 | 44.63% |
| Sep 30, 2024 | 38.19% |
| Jun 30, 2024 | 44.30% |
| Mar 31, 2024 | 36.40% |
| Dec 31, 2023 | 40.93% |
| Sep 30, 2023 | 34.82% |
| Jun 30, 2023 | 43.64% |
| Mar 31, 2023 | 39.00% |
| Dec 31, 2022 | 41.21% |
| Sep 30, 2022 | 23.46% |
| Jun 30, 2022 | 46.33% |
| Mar 31, 2022 | 36.63% |
| Dec 31, 2021 | 39.69% |
| Sep 30, 2021 | 40.76% |