Mplx (MPLX) Operating Income (2011 - 2026)

Mplx's (MPLX) quarterly Operating Income came in at $1.2 billion in Q1 2026, down 11.13% year-on-year from $1.4 billion in Q1 2025, and down 18.14% sequentially from $1.5 billion in Q4 2025.

Mplx (MPLX) Operating Income (2011 - 2026) Analysis & Trends

Mplx's Operating Income history runs 16 years deep, the most recent figure standing at $1.2 billion for Q1 2026.

  • In Q1 2026, Operating Income fell 11.13% year-over-year to $1.2 billion; the TTM figure through Mar 2026 stood at $5.8 billion (up 7.18% YoY), while the FY2025 annual figure was $5.9 billion, up 12.39% from the prior year.
  • Operating Income came in at $1.2 billion for Q1 2026 at Mplx, down from $1.5 billion in the prior quarter.
  • Over five years, Operating Income peaked at $1.8 billion in Q3 2025 and troughed at $1.1 billion in Q1 2022.
  • The 5-year median for Operating Income is $1.3 billion (2024), against an average of $1.3 billion.
  • The widest annual swing landed in 2022, when Operating Income surged 196.45%; it then tumbled 31.06% in 2023.
  • A 5-year view of Operating Income shows it stood at $1.1 billion in 2022, then grew by 29.72% to $1.4 billion in 2023, then retreated by 2.33% to $1.3 billion in 2024, then increased by 10.42% to $1.5 billion in 2025, then fell by 18.14% to $1.2 billion in 2026.
  • Per Business Quant data, the three most recent Operating Income figures were $1.2 billion in Q1 2026, $1.5 billion in Q4 2025, and $1.8 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 2.35 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.44 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.90 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 2.98 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 846.90 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.21 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 1.43 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 361.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 1.15 Bn
10 Plains All American Pipeline 15.72 Bn 15.54 Bn 977.00 Mn 405.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.21 Bn
Dec 31, 2025 1.48 Bn
Sep 30, 2025 1.80 Bn
Jun 30, 2025 1.29 Bn
Mar 31, 2025 1.37 Bn
Dec 31, 2024 1.34 Bn
Sep 30, 2024 1.28 Bn
Jun 30, 2024 1.42 Bn
Mar 31, 2024 1.25 Bn
Dec 31, 2023 1.38 Bn
Sep 30, 2023 1.15 Bn
Jun 30, 2023 1.18 Bn
Mar 31, 2023 1.20 Bn
Dec 31, 2022 1.06 Bn
Sep 30, 2022 1.67 Bn
Jun 30, 2022 1.12 Bn
Mar 31, 2022 1.06 Bn
Dec 31, 2021 -1.10 Bn
Sep 30, 2021 733.00 Mn
Jun 30, 2021 638.00 Mn