Mplx (MPLX) Net Margin (2011 - 2026)
Mplx's (MPLX) quarterly Net Margin came in at 32.82% in Q2 2026, down 208.0% year-over-year from 30.39% in Q2 2025, and up 8.14% quarter-over-quarter from 30.35% in Q1 2026.
Analysis
Mplx (MPLX) Net Margin (2011 - 2026) Analysis & Trends
Mplx (MPLX) has reported Net Margin for 16 consecutive years, with 32.82% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 208.0% year-over-year to 32.82% in Q2 2026; TTM through Jun 2026 was 35.9%, a 57.0% increase from a year earlier, with the FY2025 full-year figure at 37.79%, up 184.0% from the prior year.
- Net Margin was 32.82% for Q2 2026 at Mplx, up from 30.35% in the prior quarter.
- Over five years, Net Margin peaked at 42.69% in Q3 2025 and troughed at 28.71% in Q2 2022.
- A 5-year average of 34.58% and a median of 34.79% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 1155 bps in 2022 and tumbled 1035 bps in 2023, its largest moves.
- Over 5 years, Net Margin stood at 29.41% in 2022, then advanced by 27 bps to 37.46% in 2023, then declined by 5 bps to 35.68% in 2024, then gained by 3 bps to 36.69% in 2025, then slipped by 11 bps to 32.82% in 2026.
- The last three Net Margin figures came in at 32.82% (Q2 2026), 30.35% (Q1 2026), and 36.69% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 19.97% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 10.16% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 5.90% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 24.94% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 17.22% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 8.03% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 4.76% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 23.70% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.82% |
| Mar 31, 2026 | 30.35% |
| Dec 31, 2025 | 36.69% |
| Sep 30, 2025 | 42.69% |
| Jun 30, 2025 | 34.90% |
| Mar 31, 2025 | 36.04% |
| Dec 31, 2024 | 35.68% |
| Sep 30, 2024 | 34.69% |
| Jun 30, 2024 | 38.37% |
| Mar 31, 2024 | 34.96% |
| Dec 31, 2023 | 37.46% |
| Sep 30, 2023 | 30.67% |
| Jun 30, 2023 | 33.83% |
| Mar 31, 2023 | 33.73% |
| Dec 31, 2022 | 29.41% |
| Sep 30, 2022 | 41.02% |
| Jun 30, 2022 | 28.71% |
| Mar 31, 2022 | 30.38% |
| Dec 31, 2021 | 29.22% |
| Sep 30, 2021 | 29.46% |