Mplx (MPLX) Net Margin (2011 - 2026)
Mplx (MPLX) posted quarterly Net Margin of 39.25% for Q1 2026, down 652.0% year-over-year from 7.11% in Q1 2025, and up 6.99% quarter-over-quarter from 36.69% in Q4 2025.
Mplx (MPLX) Net Margin (2011 - 2026) Analysis & Trends
Mplx (MPLX) has reported Net Margin for 16 consecutive years, with 39.25% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 652.0% year-over-year to 39.25%; the TTM figure through Mar 2026 stood at 38.52% (down 813.0% YoY), while the FY2025 annual figure was 37.79%, down 890.0% from the prior year.
- Net Margin advanced to 39.25% in Q1 2026 per MPLX's latest filing, from 36.69% in the prior quarter.
- Across five years, Net Margin topped out at 60.1% in Q3 2022 and bottomed at 2900.0% in Q4 2022.
- Historically, Net Margin has averaged 131.18% across 5 years, with a median of 42.69% in 2025.
- Annual changes were most pronounced in 2022 — Net Margin slumped 292922 bps — and 2023, when it soared 294944 bps.
- Mplx's Net Margin stood at 2900.0% in 2022, then soared by 102 bps to 49.44% in 2023, then dropped by 9 bps to 45.22% in 2024, then dropped by 19 bps to 36.69% in 2025, then increased by 7 bps to 39.25% in 2026.
- Business Quant data shows MPLX's Net Margin at 39.25% in Q1 2026, 36.69% in Q4 2025, and 42.69% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 19.97% |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 4.76% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 10.16% |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 5.90% |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 55.36% |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 8.03% |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 17.22% |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 63.54% |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn | 29.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.82% |
| Mar 31, 2026 | 39.25% |
| Dec 31, 2025 | 36.69% |
| Sep 30, 2025 | 42.69% |
| Jun 30, 2025 | 34.90% |
| Mar 31, 2025 | 45.77% |
| Dec 31, 2024 | 45.22% |
| Sep 30, 2024 | 43.97% |
| Jun 30, 2024 | 51.93% |
| Mar 31, 2024 | 34.96% |
| Dec 31, 2023 | 49.44% |
| Sep 30, 2023 | 39.12% |
| Jun 30, 2023 | 43.83% |
| Mar 31, 2023 | 43.02% |
| Dec 31, 2022 | -2,900.00% |
| Sep 30, 2022 | 60.10% |
| Jun 30, 2022 | 28.71% |
| Mar 31, 2022 | 30.38% |
| Dec 31, 2021 | 29.22% |
| Sep 30, 2021 | 29.46% |