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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |