Mplx (MPLX) Operating Expenses (2011 - 2026)
Mplx (MPLX) posted quarterly 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 reported Operating Expenses for 16 consecutive years, with $1.8 billion the latest figure, recorded in 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 climbed to $1.8 billion in Q1 2026 per MPLX's latest filing, from $1.8 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.8 billion in Q1 2026 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Operating Expenses grew 24.52% — and 2023, when it slipped 16.9%.
- Mplx's Operating Expenses 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.
- 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 110.91 Bn | 109.42 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.41 Bn | 82.50 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.45 Bn | 71.42 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.44 Bn | 59.41 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 59.80 Bn | 59.64 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 59.00 Bn | 58.86 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 55.77 Bn | 54.52 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Venture Global | 34.04 Bn | 30.82 Bn | 2.92 Bn | 2.39 Bn |
Historic Data
Download 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 |