Mplx (MPLX) FCF Margin (2011 - 2026)
Mplx (MPLX) posted quarterly FCF Margin of 32.87% for Q1 2026, down 693.0% year-over-year from 5.54% in Q1 2025, and up 36.67% quarter-over-quarter from 24.05% in Q4 2025.
Mplx (MPLX) FCF Margin (2011 - 2026) Analysis & Trends
Mplx (MPLX) has reported FCF Margin for 16 consecutive years, with 32.87% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 693.0% year-over-year to 32.87%; the TTM figure through Mar 2026 stood at 31.86% (down 1914.0% YoY), while the FY2025 annual figure was 31.55%, down 2166.0% from the prior year.
- FCF Margin advanced to 32.87% in Q1 2026 per MPLX's latest filing, from 24.05% in the prior quarter.
- Across five years, FCF Margin topped out at 59.96% in Q2 2024 and bottomed at 4062.96% in Q4 2022.
- Historically, FCF Margin has averaged 198.24% across 5 years, with a median of 44.42% in 2023.
- Annual changes were most pronounced in 2022 — FCF Margin plunged 410265 bps — and 2023, when it soared 411699 bps.
- Mplx's FCF Margin stood at 4062.96% in 2022, then surged by 101 bps to 54.03% in 2023, then rose by 5 bps to 56.56% in 2024, then plunged by 57 bps to 24.05% in 2025, then jumped by 37 bps to 32.87% in 2026.
- Business Quant data shows MPLX's FCF Margin at 32.87% in Q1 2026, 24.05% in Q4 2025, and 25.01% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 21.84% |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 3.87% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 11.07% |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 7.88% |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 146.27% |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 11.95% |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 9.71% |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 6.94% |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn | -35.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.48% |
| Mar 31, 2026 | 32.87% |
| Dec 31, 2025 | 24.05% |
| Sep 30, 2025 | 25.01% |
| Jun 30, 2025 | 47.79% |
| Mar 31, 2025 | 39.80% |
| Dec 31, 2024 | 56.56% |
| Sep 30, 2024 | 48.40% |
| Jun 30, 2024 | 59.96% |
| Mar 31, 2024 | 36.40% |
| Dec 31, 2023 | 54.03% |
| Sep 30, 2023 | 44.42% |
| Jun 30, 2023 | 56.55% |
| Mar 31, 2023 | 49.74% |
| Dec 31, 2022 | -4,062.96% |
| Sep 30, 2022 | 34.38% |
| Jun 30, 2022 | 46.33% |
| Mar 31, 2022 | 36.63% |
| Dec 31, 2021 | 39.69% |
| Sep 30, 2021 | 40.76% |