Mplx (MPLX) Operating Income (2011 - 2026)
Mplx (MPLX) posted quarterly Operating Income of $1.2 billion for Q1 2026, down 11.13% year-over-year from $1.4 billion in Q1 2025, and down 18.14% quarter-over-quarter from $1.5 billion in Q4 2025.
Mplx (MPLX) Operating Income (2011 - 2026) Analysis & Trends
Mplx (MPLX) has reported Operating Income for 16 consecutive years, with $1.2 billion the latest figure, recorded in 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 eased to $1.2 billion in Q1 2026 per MPLX's latest filing, from $1.5 billion in the prior quarter.
- Across five years, Operating Income topped out at $1.8 billion in Q3 2025 and bottomed at $1.1 billion in Q1 2022.
- Historically, Operating Income has averaged $1.3 billion across 5 years, with a median of $1.3 billion in 2024.
- Annual changes were most pronounced in 2022 — Operating Income surged 128.38% — and 2023, when it slumped 31.06%.
- Mplx's Operating Income 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.
- Business Quant data shows MPLX's Operating Income at $1.2 billion in Q1 2026, $1.5 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) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.35 Bn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 2.10 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 2.25 Bn |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 3.57 Bn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 384.60 Mn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 1.38 Bn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 1.59 Bn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 1.23 Bn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 4.29 Bn |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn | 2.19 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.38 Bn |
| 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 | 506.00 Mn |
| Sep 30, 2021 | 733.00 Mn |