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% sequentially from $1.8 billion in Q4 2025.
Mplx (MPLX) Operating Expenses (2011 - 2026) Analysis & Trends
Mplx's Operating Expenses history runs 16 years deep, the most recent figure standing at $1.8 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 3.75% year-over-year to $1.8 billion; the TTM figure through Mar 2026 stood at $7.1 billion (up 4.6% YoY), while the FY2025 annual figure was $7.1 billion, up 6.17% from the prior year.
- Operating Expenses came in at $1.8 billion for Q1 2026 at Mplx, up 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.
- The 5-year median for Operating Expenses is $1.7 billion (2025), against an average of $1.7 billion.
- The widest annual swing landed in 2022, when Operating Expenses increased 24.52%; it then dropped 16.9% in 2023.
- A 5-year view of Operating Expenses shows it stood at $1.6 billion in 2022, then slipped by 0.69% to $1.6 billion in 2023, then climbed by 8.11% to $1.7 billion in 2024, then rose by 2.85% to $1.8 billion in 2025, then grew 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 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 3.38 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 12.50 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 333.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 274.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.45 Bn |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 301.00 Mn |
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 |