Mplx (MPLX) Gross Margin (2011 - 2026)
Mplx's (MPLX) quarterly Gross Margin came in at 82.89% in Q1 2026, up 154.0% year-on-year from 32.63% in Q1 2025, and up 4.07% on a QoQ basis from 79.64% in Q4 2025.
Mplx (MPLX) Gross Margin (2011 - 2026) Analysis & Trends
Mplx (MPLX) has 16 years of Gross Margin data on file, last reported at 82.89% in Q1 2026.
- On a quarterly basis, Gross Margin rose 154.0% year-over-year to 82.89% in Q1 2026; TTM through Mar 2026 was 85.04%, a 236.0% increase from a year earlier, with the FY2025 full-year figure at 86.04%, up 302.0% from the prior year.
- Gross Margin for Q1 2026 stood at 82.89%, up from 79.64% in the prior quarter.
- Over the last five years, Gross Margin for MPLX reached as high as 1537.04% in Q4 2022 and fell as low as 74.41% in Q4 2023.
- Historically, Gross Margin has averaged 169.18% across 5 years, with a median of 83.37% in 2024.
- Across the five-year window, Gross Margin soared 145715 bps in 2022 and tumbled 146263 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 1537.04% in 2022, then slumped by 95 bps to 74.41% in 2023, then grew by 12 bps to 83.37% in 2024, then declined by 4 bps to 79.64% in 2025, then rose by 4 bps to 82.89% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 82.89% in Q1 2026, 79.64% in Q4 2025, and 89.09% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 89.73% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 76.80% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 68.62% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | - |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.17% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 23.85% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 41.52% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 93.41% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 82.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 82.89% |
| Dec 31, 2025 | 79.64% |
| Sep 30, 2025 | 89.09% |
| Jun 30, 2025 | 87.71% |
| Mar 31, 2025 | 81.34% |
| Dec 31, 2024 | 83.37% |
| Sep 30, 2024 | 82.77% |
| Jun 30, 2024 | 83.33% |
| Mar 31, 2024 | 87.03% |
| Dec 31, 2023 | 74.41% |
| Sep 30, 2023 | 83.92% |
| Jun 30, 2023 | 83.24% |
| Mar 31, 2023 | 85.52% |
| Dec 31, 2022 | 1,537.04% |
| Sep 30, 2022 | 76.73% |
| Jun 30, 2022 | 89.01% |
| Mar 31, 2022 | 89.00% |
| Dec 31, 2021 | 79.88% |
| Sep 30, 2021 | 88.35% |
| Jun 30, 2021 | 87.77% |