Mplx (MPLX) Tax Rate (2012 - 2026)
Mplx (MPLX) posted quarterly Tax Rate of 0.11% for Q1 2026, up 2.0% year-over-year from 0.11% in Q1 2025, and down 56.45% quarter-over-quarter from 0.25% in Q4 2025.
Mplx (MPLX) Tax Rate (2012 - 2026) Analysis & Trends
Mplx (MPLX) has reported Tax Rate for 15 consecutive years, with 0.11% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 2.0% year-over-year to 0.11%; the TTM figure through Mar 2026 stood at 0.17% (down 5.0% YoY), while the FY2025 annual figure was 0.16%, down 7.0% from the prior year.
- Tax Rate slipped to 0.11% in Q1 2026 per MPLX's latest filing, from 0.25% in the prior quarter.
- Across five years, Tax Rate topped out at 0.78% in Q4 2023 and bottomed at 0.07% in Q3 2022.
- Historically, Tax Rate has averaged 0.24% across 5 years, with a median of 0.17% in 2024.
- On a YoY basis, Tax Rate climbed as much as 54 bps in 2023 and fell as far as 49 bps in 2023.
- Mplx's Tax Rate 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 sank by 45 bps to 0.25% in 2025, then plunged by 56 bps to 0.11% in 2026.
- Business Quant data shows MPLX's Tax Rate at 0.11% in Q1 2026, 0.25% in Q4 2025, and 0.19% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 23.33% |
| 2 | Enbridge | 111.03 Bn | 109.54 Bn | 5.23 Bn | 21.97% |
| 3 | Enterprise Products Partners | 83.34 Bn | 82.44 Bn | - | 0.64% |
| 4 | Energy Transfer | 72.41 Bn | 71.38 Bn | 7.40 Bn | 7.12% |
| 5 | Tc Energy | 65.97 Bn | 58.41 Bn | 1.24 Bn | 5.85% |
| 6 | Oneok | 60.11 Bn | 59.94 Bn | 2.81 Bn | 23.62% |
| 7 | Mplx | 60.04 Bn | 59.01 Bn | 2.73 Bn | 0.18% |
| 8 | Targa Resources | 59.42 Bn | 59.29 Bn | 2.14 Bn | 22.61% |
| 9 | Cheniere Energy | 56.10 Bn | 54.85 Bn | 5.29 Bn | 9.13% |
| 10 | Venture Global | 34.30 Bn | 31.08 Bn | 2.92 Bn | 19.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.18% |
| Jun 30, 2026 | 0.18% |
| Jun 30, 2026 | 0.18% |
| Mar 31, 2026 | 0.11% |
| Mar 31, 2026 | 0.11% |
| Mar 31, 2026 | 0.11% |
| Dec 31, 2025 | 0.25% |
| Dec 31, 2025 | 0.25% |
| Dec 31, 2025 | 0.25% |
| Sep 30, 2025 | 0.19% |
| Sep 30, 2025 | 0.19% |
| Sep 30, 2025 | 0.19% |
| Jun 30, 2025 | 0.09% |
| Jun 30, 2025 | 0.09% |
| Jun 30, 2025 | 0.09% |
| Mar 31, 2025 | 0.09% |
| Mar 31, 2025 | 0.09% |
| Mar 31, 2025 | 0.09% |
| Dec 31, 2024 | 0.45% |
| Dec 31, 2024 | 0.45% |