Mplx (MPLXP) Asset Utilization Ratio (2012 - 2026)
Mplx's (MPLXP) quarterly Asset Utilization Ratio came in at 0.21 in Q1 2026, down 20.79% year-on-year from 0.26 in Q1 2025, and up 7.23% sequentially from 0.2 in Q4 2025.
Mplx (MPLXP) Asset Utilization Ratio (2012 - 2026) Analysis & Trends
Mplx's Asset Utilization Ratio history runs 15 years deep, the most recent figure standing at 0.21 for Q1 2026.
- In Q1 2026, Asset Utilization Ratio fell 20.79% year-over-year to 0.21; the TTM figure through Mar 2026 stood at 0.21 (down 20.79% YoY), while the FY2025 annual figure was 0.24, down 2.67% from the prior year.
- Asset Utilization Ratio came in at 0.21 for Q1 2026 at Mplx, up from 0.2 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 0.27 in Q3 2025 and troughed at 0.19 in Q1 2023.
- The 5-year median for Asset Utilization Ratio is 0.23 (2022), against an average of 0.23.
- The widest annual swing landed in 2024, when Asset Utilization Ratio surged 34.93%; it then dropped 24.42% in 2025.
- A 5-year view of Asset Utilization Ratio shows it stood at 0.2 in 2022, then climbed by 26.22% to 0.26 in 2023, then gained by 0.35% to 0.26 in 2024, then retreated by 24.42% to 0.2 in 2025, then climbed by 7.23% to 0.21 in 2026.
- Per Business Quant data, the three most recent Asset Utilization Ratio figures were 0.21 in Q1 2026, 0.2 in Q4 2025, and 0.27 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 0.31 |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 0.24 |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 0.65 |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 0.49 |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 0.63 |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 0.21 |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 0.52 |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 0.66 |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 0.28 |
| 10 | Mplx | - | - | 2.54 Bn | 0.21 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.21 |
| Dec 31, 2025 | 0.20 |
| Sep 30, 2025 | 0.27 |
| Jun 30, 2025 | 0.27 |
| Mar 31, 2025 | 0.26 |
| Dec 31, 2024 | 0.26 |
| Sep 30, 2024 | 0.25 |
| Jun 30, 2024 | 0.24 |
| Mar 31, 2024 | 0.26 |
| Dec 31, 2023 | 0.26 |
| Sep 30, 2023 | 0.20 |
| Jun 30, 2023 | 0.20 |
| Mar 31, 2023 | 0.19 |
| Dec 31, 2022 | 0.20 |
| Sep 30, 2022 | 0.22 |
| Jun 30, 2022 | 0.23 |
| Mar 31, 2022 | 0.23 |
| Dec 31, 2021 | 0.23 |
| Sep 30, 2021 | 0.27 |
| Jun 30, 2021 | 0.26 |