Mplx (MPLX) Gross Margin (2011 - 2026)
Mplx's (MPLX) quarterly Gross Margin came in at 82.28% in Q2 2026, down 334.0% year-over-year from 35.16% in Q2 2025, and down 1.59% quarter-over-quarter from 83.61% in Q1 2026.
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Mplx (MPLX) Gross Margin (2011 - 2026) Analysis & Trends
Mplx (MPLX) has reported Gross Margin for 16 consecutive years, with 82.28% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 334.0% year-over-year to 82.28% in Q2 2026; TTM through Jun 2026 was 84.8%, a 124.0% decrease from a year earlier, with the FY2025 full-year figure at 86.04%, down 88.0% from the prior year.
- Gross Margin was 82.28% for Q2 2026 at Mplx, down from 83.61% in the prior quarter.
- Over five years, Gross Margin peaked at 87.73% in Q4 2023 and troughed at 77.45% in Q2 2022.
- A 5-year average of 84.99% and a median of 85.46% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 844 bps in 2022 and jumped 939 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 85.24% in 2022, then advanced by 3 bps to 87.73% in 2023, then slipped by 1 bps to 86.88% in 2024, then decreased by 0 bps to 86.75% in 2025, then decreased by 5 bps to 82.28% in 2026.
- The last three Gross Margin figures came in at 82.28% (Q2 2026), 83.61% (Q1 2026), and 86.75% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 68.62% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | - |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 21.55% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 62.88% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 48.15% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 82.28% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 23.30% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 24.69% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 43.36% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 82.28% |
| Mar 31, 2026 | 83.61% |
| Dec 31, 2025 | 86.75% |
| Sep 30, 2025 | 86.38% |
| Jun 30, 2025 | 85.61% |
| Mar 31, 2025 | 85.31% |
| Dec 31, 2024 | 86.88% |
| Sep 30, 2024 | 86.41% |
| Jun 30, 2024 | 87.42% |
| Mar 31, 2024 | 86.96% |
| Dec 31, 2023 | 87.73% |
| Sep 30, 2023 | 83.72% |
| Jun 30, 2023 | 86.84% |
| Mar 31, 2023 | 85.04% |
| Dec 31, 2022 | 85.24% |
| Sep 30, 2022 | 84.12% |
| Jun 30, 2022 | 77.45% |
| Mar 31, 2022 | 82.11% |
| Dec 31, 2021 | 79.88% |
| Sep 30, 2021 | 83.55% |