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 56.45% on a QoQ basis from 0.25% in Q4 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.
- On a quarterly basis, Tax Rate rose 2.0% year-over-year to 0.11% in Q1 2026; TTM through Mar 2026 was 0.17%, a 5.0% decrease from a year earlier, with the FY2025 full-year figure at 0.16%, down 7.0% from the prior year.
- Tax Rate for Q1 2026 stood at 0.11%, down from 0.25% in the prior quarter.
- Over the last five years, Tax Rate for MPLX reached as high as 0.78% in Q4 2023 and fell as low as 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.
- Year by year, Tax Rate stood at 0.24% in 2022, then surged 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.
- Per Business Quant data, the three most recent Tax Rate figures were 0.11% in Q1 2026, 0.25% in Q4 2025, and 0.19% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | -0.08% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -0.12% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 23.33% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 24.82% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 1.45% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 10.04% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 6.40% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 20.27% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 24.00% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 0.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Dec 31, 2024 | 0.45% |
| Sep 30, 2024 | 0.19% |
| Sep 30, 2024 | 0.19% |