Mplx (MPLX) Gross Margin (2011 - 2026)
Mplx (MPLX) posted quarterly Gross Margin of 82.89% for Q1 2026, up 154.0% year-over-year from 32.63% in Q1 2025, and up 4.07% quarter-over-quarter from 79.64% in Q4 2025.
Mplx (MPLX) Gross Margin (2011 - 2026) Analysis & Trends
Mplx (MPLX) has reported Gross Margin for 16 consecutive years, with 82.89% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 154.0% year-over-year to 82.89%; the TTM figure through Mar 2026 stood at 85.04% (up 236.0% YoY), while the FY2025 annual figure was 86.04%, up 302.0% from the prior year.
- Gross Margin climbed to 82.89% in Q1 2026 per MPLX's latest filing, from 79.64% in the prior quarter.
- Across five years, Gross Margin topped out at 1537.04% in Q4 2022 and bottomed at 74.41% in Q4 2023.
- Historically, Gross Margin has averaged 169.18% across 5 years, with a median of 83.37% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin surged 145715 bps — and 2023, when it sank 146263 bps.
- Mplx's Gross Margin stood at 1537.04% in 2022, then slumped by 95 bps to 74.41% in 2023, then advanced by 12 bps to 83.37% in 2024, then slipped by 4 bps to 79.64% in 2025, then grew by 4 bps to 82.89% in 2026.
- Business Quant data shows MPLX's Gross Margin at 82.89% in Q1 2026, 79.64% in Q4 2025, and 89.09% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 68.62% |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 24.69% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 21.55% |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 95.91% |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 82.28% |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 23.30% |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 48.15% |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 92.34% |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn | 63.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 82.28% |
| 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% |