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
DateValue
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%