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
DateValue
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