Mplx (MPLX) Tax Rate (2012 - 2026)
Mplx's (MPLX) quarterly Tax Rate came in at 0.11% in Q1 2026, up 2.0% year-on-year from 0.11% in Q1 2025, and down 43.73% sequentially from 0.19% in Q3 2025.
Mplx (MPLX) Tax Rate (2012 - 2026) Analysis & Trends
Mplx's Tax Rate history runs 15 years deep, the most recent figure standing at 0.11% for Q1 2026.
- In Q1 2026, Tax Rate rose 2.0% year-over-year to 0.11%; the TTM figure through Mar 2026 stood at 0.13% (down 10.0% YoY), while the FY2024 annual figure was 0.23%, down 5.0% from the prior year.
- Tax Rate came in at 0.11% for Q1 2026 at Mplx, down from 0.19% in the prior quarter.
- Over five years, Tax Rate peaked at 0.78% in Q4 2023 and troughed at 0.07% in Q3 2022.
- The 5-year median for Tax Rate is 0.14% (2026), against an average of 0.24%.
- Peak annual rise in Tax Rate reached 54 bps in 2023, while the deepest fall reached 49 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 0.24% in 2022, then soared by 222 bps to 0.78% in 2023, then plunged by 42 bps to 0.45% in 2024, then plunged by 57 bps to 0.19% in 2025, then tumbled by 44 bps to 0.11% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 0.11% in Q1 2026, 0.19% in Q3 2025, and 0.09% in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 24.82% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 22.28% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.45% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 6.40% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 20.27% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 0.11% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 24.00% |
| 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 | 15.08% |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 64.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.11% |
| Mar 31, 2026 | 0.11% |
| Sep 30, 2025 | 0.19% |
| Sep 30, 2025 | 0.19% |
| Jun 30, 2025 | 0.09% |
| Jun 30, 2025 | 0.09% |
| Mar 31, 2025 | 0.09% |
| Mar 31, 2025 | 0.09% |
| Dec 31, 2024 | 0.45% |
| Dec 31, 2024 | 0.45% |
| Sep 30, 2024 | 0.19% |
| Sep 30, 2024 | 0.19% |
| Jun 30, 2024 | 0.17% |
| Jun 30, 2024 | 0.17% |
| Mar 31, 2024 | 0.10% |
| Mar 31, 2024 | 0.10% |
| Dec 31, 2023 | 0.78% |
| Dec 31, 2023 | 0.78% |
| Sep 30, 2023 | 0.11% |
| Sep 30, 2023 | 0.11% |