Mplx (MPLX) Gross Margin (2011 - 2026)
Mplx (MPLX) posted Gross Margin of 88.60% for Q3 2026, down 0.49 percentage points from 89.09% a year earlier but up 0.83 percentage points from the prior quarter.
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Analysis
Mplx (MPLX) Gross Margin (2011 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Gross Margin at Mplx was 87.69%, down 0.18 percentage points year-over-year; for FY2025, it came in at 87.99%, up 1.06 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +12.63 percentage points (FY2020 to FY2025).
- In prior years, Mplx's Gross Margin was 86.93% in FY2024 (-0.65 pp), 87.58% in FY2023 (-0.63 pp), 88.21% in FY2022 (+15.83 pp) and 72.38% in FY2021 (-2.98 pp).
- Quarterly Gross Margin has run from a low of 66.46% in Q2 2022 to a high of 148.16% in Q4 2022 over five years.
- On a year-over-year basis, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of +0.32 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q4 2022, with a gain of 79.98 percentage points; the weakest was Q4 2023, with a drop of 60.90 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 87.77% (Q2 2026), 86.77% (Q1 2026) and 87.45% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.82 Bn | 99.42 Bn | 4.84 Bn | 22.85% |
| 2 | Williams Companies | 82.27 Bn | 79.29 Bn | 2.59 Bn | 80.39% |
| 3 | Enterprise Products Partners | 79.55 Bn | 77.91 Bn | - | - |
| 4 | Kinder Morgan | 68.17 Bn | 67.03 Bn | 2.97 Bn | 65.44% |
| 5 | Energy Transfer | 65.82 Bn | 61.66 Bn | 6.57 Bn | 17.71% |
| 6 | Tc Energy | 65.66 Bn | 62.42 Bn | - | - |
| 7 | Cheniere Energy | 59.41 Bn | 53.55 Bn | 2.97 Bn | 48.05% |
| 8 | Targa Resources | 58.56 Bn | 58.02 Bn | 2.02 Bn | 36.08% |
| 9 | Mplx | 57.63 Bn | 51.65 Bn | 3.19 Bn | 88.60% |
| 10 | Oneok | 54.26 Bn | 53.66 Bn | 2.84 Bn | 22.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 88.60% |
| Jun 30, 2026 | 87.77% |
| Mar 31, 2026 | 86.77% |
| Dec 31, 2025 | 87.45% |
| Sep 30, 2025 | 89.09% |
| Jun 30, 2025 | 87.71% |
| Mar 31, 2025 | 87.55% |
| Dec 31, 2024 | 86.91% |
| Sep 30, 2024 | 86.41% |
| Jun 30, 2024 | 87.42% |
| Mar 31, 2024 | 86.96% |
| Dec 31, 2023 | 87.26% |
| Sep 30, 2023 | 87.40% |
| Jun 30, 2023 | 87.06% |
| Mar 31, 2023 | 73.68% |
| Dec 31, 2022 | 148.16% |
| Sep 30, 2022 | 73.21% |
| Jun 30, 2022 | 66.46% |
| Mar 31, 2022 | 71.11% |
| Dec 31, 2021 | 68.18% |
API Access
Mplx Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=MPLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MPLX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MPLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();