Mplx (MPLX) Net Margin (2011 - 2026)

Mplx's (MPLX) quarterly Net Margin came in at 30.35% in Q1 2026, down 1542.0% year-on-year from 2.1% in Q1 2025, and up 100.51% sequentially from 5965.0% in Q4 2025.

Mplx (MPLX) Net Margin (2011 - 2026) Analysis & Trends

Mplx's Net Margin history runs 16 years deep, the most recent figure standing at 30.35% for Q1 2026.

  • In Q1 2026, Net Margin fell 1542.0% year-over-year to 30.35%; the TTM figure through Mar 2026 stood at 52.35% (up 860.0% YoY), while the FY2025 annual figure was 50.5%, up 382.0% from the prior year.
  • Net Margin came in at 30.35% for Q1 2026 at Mplx, up from 5965.0% in the prior quarter.
  • Over five years, Net Margin peaked at 60.1% in Q3 2022 and troughed at 5965.0% in Q4 2025.
  • The 5-year median for Net Margin is 42.69% (2025), against an average of 484.28%.
  • The widest annual swing landed in 2023, when Net Margin jumped 294944 bps; it then tumbled 601022 bps in 2025.
  • A 5-year view of Net Margin shows it 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 plunged by 13291 bps to 5965.0% in 2025, then surged by 101 bps to 30.35% in 2026.
  • Per Business Quant data, the three most recent Net Margin figures were 30.35% in Q1 2026, 5965.0% in Q4 2025, and 42.69% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 7.47%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 20.73%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 10.39%
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 4.30%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 11.71%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 30.35%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 8.07%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 5.08%
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 10.61%
10 Plains All American Pipeline 15.72 Bn 15.54 Bn 977.00 Mn -0.83%

Historic Data

Download Data
DateValue
Mar 31, 2026 30.35%
Dec 31, 2025 -5,965.00%
Sep 30, 2025 42.69%
Jun 30, 2025 44.48%
Mar 31, 2025 45.77%
Dec 31, 2024 45.22%
Sep 30, 2024 34.69%
Jun 30, 2024 51.93%
Mar 31, 2024 45.81%
Dec 31, 2023 49.44%
Sep 30, 2023 39.12%
Jun 30, 2023 33.83%
Mar 31, 2023 43.02%
Dec 31, 2022 -2,900.00%
Sep 30, 2022 60.10%
Jun 30, 2022 35.43%
Mar 31, 2022 30.38%
Dec 31, 2021 109.75%
Sep 30, 2021 29.46%
Jun 30, 2021 28.18%