Mplx (MPLX) Operating Expenses (2011 - 2026)
Mplx's (MPLX) quarterly Operating Expenses came in at $1.8 billion in Q1 2026, up 3.75% year-on-year from $1.8 billion in Q1 2025, and up 3.11% on a QoQ basis from $1.8 billion in Q4 2025.
Mplx (MPLX) Operating Expenses (2011 - 2026) Analysis & Trends
Mplx (MPLX) has 16 years of Operating Expenses data on file, last reported at $1.8 billion in Q1 2026.
- On a quarterly basis, Operating Expenses rose 3.75% year-over-year to $1.8 billion in Q1 2026; TTM through Mar 2026 was $7.1 billion, a 4.6% increase from a year earlier, with the FY2025 full-year figure at $7.1 billion, up 6.17% from the prior year.
- Operating Expenses for Q1 2026 stood at $1.8 billion, up from $1.8 billion in the prior quarter.
- Over the last five years, Operating Expenses for MPLX reached as high as $1.8 billion in Q1 2026 and fell as low as $1.5 billion in Q2 2023.
- Historically, Operating Expenses has averaged $1.7 billion across 5 years, with a median of $1.7 billion in 2025.
- Across the five-year window, Operating Expenses advanced 24.52% in 2022 and retreated 16.9% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $1.6 billion in 2022, then declined by 0.69% to $1.6 billion in 2023, then increased by 8.11% to $1.7 billion in 2024, then advanced by 2.85% to $1.8 billion in 2025, then rose by 3.11% to $1.8 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.8 billion in Q1 2026, $1.8 billion in Q4 2025, and $1.8 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 1.82 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 1.46 Bn |