Mplx (MPLX) Gross Margin (2011 - 2026)
Mplx (MPLX) posted Gross Margin of 87.77% for Q2 2026, up 0.06 percentage points from 87.71% a year earlier and up 1.00 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 Jun 30, 2026, Gross Margin at Mplx was 87.82%, up 0.67 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 +0.26 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 86.77% (Q1 2026), 87.45% (Q4 2025) and 89.09% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 22.85% |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | - |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 21.55% |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 68.62% |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | 98.16% |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 48.15% |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 87.77% |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 92.34% |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 23.30% |
| 10 | Venture Global | 31.49 Bn | 26.04 Bn | 2.92 Bn | 63.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 71.90% |
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();