Mplx (MPLX) Net Margin (2011 - 2026)
Mplx's (MPLX) quarterly Net Margin came in at 39.25% in Q1 2026, down 652.0% year-on-year from 7.11% in Q1 2025, and up 6.99% on a QoQ basis from 36.69% in Q4 2025.
Mplx (MPLX) Net Margin (2011 - 2026) Analysis & Trends
Mplx (MPLX) has 16 years of Net Margin data on file, last reported at 39.25% in Q1 2026.
- On a quarterly basis, Net Margin fell 652.0% year-over-year to 39.25% in Q1 2026; TTM through Mar 2026 was 38.52%, a 813.0% decrease from a year earlier, with the FY2025 full-year figure at 37.79%, down 890.0% from the prior year.
- Net Margin for Q1 2026 stood at 39.25%, up from 36.69% in the prior quarter.
- Over the last five years, Net Margin for MPLX reached as high as 60.1% in Q3 2022 and fell as low as 2900.0% in Q4 2022.
- Historically, Net Margin has averaged 131.18% across 5 years, with a median of 42.69% in 2025.
- Across the five-year window, Net Margin plunged 292922 bps in 2022 and jumped 294944 bps in 2023, its largest moves.
- Year by year, Net Margin stood at 2900.0% in 2022, then surged by 102 bps to 49.44% in 2023, then fell by 9 bps to 45.22% in 2024, then fell by 19 bps to 36.69% in 2025, then gained by 7 bps to 39.25% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 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 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 88.32% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 21.07% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 19.97% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 7.47% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 10.40% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 0.05% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 4.30% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 11.71% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 8.07% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 39.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 28.18% |