Mplx (MPLX) Tax Rate (2012 - 2026)
Mplx (MPLX) reported Tax Rate of 0.11% for Q1 2026, up 2.0% year-over-year from 0.11% in Q1 2025, and down 43.73% quarter-over-quarter from 0.19% in Q3 2025.
Mplx (MPLX) Tax Rate (2012 - 2026) Analysis & Trends
Mplx (MPLX) has 15 years of Tax Rate data on file, last reported at 0.11% in Q1 2026.
- Tax Rate for Q1 2026 came in at 0.11%, up 2.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.13% (down 10.0% YoY), and the FY2024 annual result was 0.23%, down 5.0% from the prior year.
- Tax Rate declined to 0.11% in Q1 2026 per MPLX's latest filing, 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.
- A 5-year average of 0.24% and a median of 0.14% in 2026 frame the typical range for Tax Rate.
- On a YoY basis, Tax Rate climbed as much as 54 bps in 2023 and fell as far as 49 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 0.24% in 2022, then surged by 222 bps to 0.78% in 2023, then tumbled by 42 bps to 0.45% in 2024, then tumbled by 57 bps to 0.19% in 2025, then slumped by 44 bps to 0.11% in 2026.
- Business Quant data shows MPLX's Tax Rate at 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 | 88.33 Bn | 89.03 Bn | 6.70 Bn | 24.82% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.45% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 22.28% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 6.40% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 0.11% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 20.27% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 24.00% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 10.04% |
| 10 | Cheniere Energy | 50.33 Bn | 52.53 Bn | 5.86 Bn | 9.09% |
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% |