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
DateValue
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%