Mplx (MPLX) Net Margin (2011 - 2026)
Mplx's Net Margin came in at 32.82% for Q2 2026, down 2.08 percentage points from 34.90% a year earlier but up 2.47 percentage points from the prior quarter.
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Analysis
Mplx (MPLX) Net Margin (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Mplx reported Net Margin of 35.90%, up 0.57 percentage points year-over-year; for FY2025, it came in at 37.79%, up 1.84 percentage points from FY2024.
- Net Margin has increased in each of the last five years, with a five-year change of +48.91 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 35.95% in FY2024 (+2.01 pp), 33.94% in FY2023 (+1.09 pp), 32.85% in FY2022 (+3.57 pp) and 29.28% in FY2021 (+40.41 pp).
- The five-year range for quarterly Net Margin is 28.71% (Q2 2022) to 42.69% (Q3 2025).
- Year-over-year, Net Margin increased in four of the last eight quarters, with an average year-over-year change of +0.14 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q3 2022 (a gain of 11.55 percentage points), and the weakest in Q3 2023 (a drop of 10.35 percentage points).
- Business Quant data shows MPLX's Net Margin at 30.35% (Q1 2026), 36.69% (Q4 2025) and 42.69% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 4.76% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 10.07% |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 5.90% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 19.37% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 24.94% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 17.22% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 32.82% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 8.02% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 53.52% |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 29.42% |
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% |
API Access
Mplx Net 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=net-margin&ticker=MPLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=MPLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();