Mplx (MPLX) Operating Leases (2019 - 2026)

Mplx's (MPLX) quarterly Operating Leases came in at $208.0 million in Q1 2026, down 8.37% year-on-year from $227.0 million in Q1 2025, and down 4.15% sequentially from $217.0 million in Q4 2025.

Mplx (MPLX) Operating Leases (2019 - 2026) Analysis & Trends

Mplx's Operating Leases history runs 8 years deep, the most recent figure standing at $208.0 million for Q1 2026.

  • In Q1 2026, Operating Leases fell 8.37% year-over-year to $208.0 million; the TTM figure through Mar 2026 stood at $208.0 million (down 8.37% YoY), while the FY2025 annual figure was $217.0 million, changed 0.0% from the prior year.
  • Operating Leases came in at $208.0 million for Q1 2026 at Mplx, down from $217.0 million in the prior quarter.
  • Over five years, Operating Leases peaked at $250.0 million in Q2 2022 and troughed at $208.0 million in Q1 2026.
  • The 5-year median for Operating Leases is $221.0 million (2023), against an average of $224.0 million.
  • The widest annual swing landed in 2022, when Operating Leases increased 9.55%; it then dropped 9.13% in 2023.
  • A 5-year view of Operating Leases shows it stood at $230.0 million in 2022, then slipped by 8.26% to $211.0 million in 2023, then grew by 2.84% to $217.0 million in 2024, then changed by 0.0% to $217.0 million in 2025, then decreased by 4.15% to $208.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Leases figures were $208.0 million in Q1 2026, $217.0 million in Q4 2025, and $220.0 million in Q3 2025.

Peer Comparison

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

Historic Data

Download Data
DateValue
Mar 31, 2026 208.00 Mn
Dec 31, 2025 217.00 Mn
Sep 30, 2025 220.00 Mn
Jun 30, 2025 218.00 Mn
Mar 31, 2025 227.00 Mn
Dec 31, 2024 217.00 Mn
Sep 30, 2024 217.00 Mn
Jun 30, 2024 225.00 Mn
Mar 31, 2024 231.00 Mn
Dec 31, 2023 211.00 Mn
Sep 30, 2023 219.00 Mn
Jun 30, 2023 228.00 Mn
Mar 31, 2023 221.00 Mn
Dec 31, 2022 230.00 Mn
Sep 30, 2022 241.00 Mn
Jun 30, 2022 250.00 Mn
Mar 31, 2022 228.00 Mn
Dec 31, 2021 229.00 Mn
Sep 30, 2021 220.00 Mn
Jun 30, 2021 232.00 Mn