Mplx (MPLX) Operating Expenses (2011 - 2026)
Mplx (MPLX) reported Operating Expenses of $1.8 billion for Q1 2026, up 3.75% year-over-year from $1.8 billion in Q1 2025, and up 3.11% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at $1.8 billion, up 3.75% year-over-year; the trailing twelve-month figure through Mar 2026 was $7.1 billion (up 4.6% YoY), and the FY2025 annual result was $7.1 billion, up 6.17% from the prior year.
- Operating Expenses rose to $1.8 billion in Q1 2026 per MPLX's latest filing, from $1.8 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.8 billion in Q1 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 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses grew 24.52% in 2022, then slipped 16.9% in 2023.
- A 5-year view of Operating Expenses shows it stood at $1.6 billion in 2022, then decreased by 0.69% to $1.6 billion in 2023, then advanced by 8.11% to $1.7 billion in 2024, then increased by 2.85% to $1.8 billion in 2025, then climbed by 3.11% to $1.8 billion in 2026.
- Business Quant data shows MPLX's Operating Expenses at $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 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 10 | Cheniere Energy | 50.33 Bn | 52.53 Bn | 5.86 Bn | 9.36 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 |