Mplx MPLX
NYSE MPLX
$59.68 +0.33 (+0.56%)
At close: Sep 4, 2026 · 4:00 PM EDT

Mplx (MPLX) Operating Expenses (2011 - 2026)

Mplx's (MPLX) quarterly Operating Expenses came in at $1.9 billion in Q2 2026, up 13.1% year-over-year from $1.7 billion in Q2 2025, and up 6.03% quarter-over-quarter from $1.8 billion in Q1 2026.

Analysis

Mplx (MPLX) Operating Expenses (2011 - 2026) Analysis & Trends

Mplx (MPLX) has reported Operating Expenses for 16 consecutive years, with $1.9 billion the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 13.1% year-over-year to $1.9 billion in Q2 2026; TTM through Jun 2026 was $7.3 billion, a 6.68% increase from a year earlier, with the FY2025 full-year figure at $7.1 billion, up 6.17% from the prior year.
  • Operating Expenses was $1.9 billion for Q2 2026 at Mplx, up from $1.8 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.9 billion in Q2 2026 and troughed at $1.5 billion in Q2 2023.
  • A 5-year average of $1.7 billion and a median of $1.7 billion in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses climbed 24.52% in 2022 and decreased 16.9% in 2023, its largest moves.
  • Over 5 years, Operating Expenses stood at $1.6 billion in 2022, then retreated by 0.69% to $1.6 billion in 2023, then gained by 8.11% to $1.7 billion in 2024, then grew by 2.85% to $1.8 billion in 2025, then climbed by 9.33% to $1.9 billion in 2026.
  • The last three Operating Expenses figures came in at $1.9 billion (Q2 2026), $1.8 billion (Q1 2026), and $1.8 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Kinder Morgan 111.69 Bn 112.81 Bn 3.07 Bn 3.13 Bn
2 Enterprise Products Partners 84.07 Bn 83.21 Bn - 16.13 Bn
3 Energy Transfer 74.03 Bn 73.00 Bn 7.40 Bn 30.76 Bn
4 Tc Energy 65.16 Bn 64.62 Bn 1.80 Bn -
5 Targa Resources 62.18 Bn 62.19 Bn 2.14 Bn 354.10 Mn
6 Mplx 60.51 Bn 59.48 Bn 2.73 Bn 1.93 Bn
7 Oneok 60.16 Bn 60.09 Bn 2.81 Bn 4.00 Mn
8 Enbridge 54.38 Bn 54.88 Bn 5.23 Bn 19.09 Bn
9 Pembina Pipeline 28.12 Bn 27.76 Bn 933.00 Mn 132.00 Mn
10 Gas Transporter Of The South 21.92 Bn -3,019.13 Bn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.93 Bn
Mar 31, 2026 1.82 Bn
Dec 31, 2025 1.77 Bn
Sep 30, 2025 1.82 Bn
Jun 30, 2025 1.71 Bn
Mar 31, 2025 1.76 Bn
Dec 31, 2024 1.72 Bn
Sep 30, 2024 1.70 Bn
Jun 30, 2024 1.63 Bn
Mar 31, 2024 1.60 Bn
Dec 31, 2023 1.59 Bn
Sep 30, 2023 1.76 Bn
Jun 30, 2023 1.52 Bn
Mar 31, 2023 1.52 Bn
Dec 31, 2022 1.60 Bn
Sep 30, 2022 1.73 Bn
Jun 30, 2022 1.82 Bn
Mar 31, 2022 1.55 Bn
Dec 31, 2021 1.68 Bn
Sep 30, 2021 1.53 Bn