Mplx (MPLXP) Cost of Revenue (2011 - 2026)
Mplx's (MPLXP) quarterly Cost of Revenue came in at $498.0 million in Q1 2026, up 28.02% year-on-year from $389.0 million in Q1 2025, and up 181.36% sequentially from $177.0 million in Q4 2025.
Mplx (MPLXP) Cost of Revenue (2011 - 2026) Analysis & Trends
Mplx's Cost of Revenue history runs 16 years deep, the most recent figure standing at $498.0 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 28.02% year-over-year to $498.0 million; the TTM figure through Mar 2026 stood at $1.5 billion (down 2.6% YoY), while the FY2025 annual figure was $1.6 billion, changed 0.06% from the prior year.
- Cost of Revenue came in at $498.0 million for Q1 2026 at Mplx, up from $177.0 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $498.0 million in Q1 2026 and troughed at -$301.0 million in Q4 2022.
- The 5-year median for Cost of Revenue is $371.0 million (2022), against an average of $338.7 million.
- The widest annual swing landed in 2022, when Cost of Revenue slumped 302.01%; it then soared 220.93% in 2023.
- A 5-year view of Cost of Revenue shows it stood at -$301.0 million in 2022, then soared by 220.93% to $364.0 million in 2023, then climbed by 10.16% to $401.0 million in 2024, then plunged by 55.86% to $177.0 million in 2025, then soared by 181.36% to $498.0 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $498.0 million in Q1 2026, $177.0 million in Q4 2025, and $493.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.75 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 2.39 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 498.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 2.76 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 270.00 Mn |
| 10 | Mplx | - | - | 2.54 Bn | 498.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 498.00 Mn |
| Mar 31, 2026 | 498.00 Mn |
| Dec 31, 2025 | 177.00 Mn |
| Dec 31, 2025 | 177.00 Mn |
| Sep 30, 2025 | 493.00 Mn |
| Sep 30, 2025 | 493.00 Mn |
| Jun 30, 2025 | 369.00 Mn |
| Jun 30, 2025 | 369.00 Mn |
| Mar 31, 2025 | 389.00 Mn |
| Mar 31, 2025 | 389.00 Mn |
| Dec 31, 2024 | 401.00 Mn |
| Dec 31, 2024 | 401.00 Mn |
| Sep 30, 2024 | 404.00 Mn |
| Sep 30, 2024 | 404.00 Mn |
| Jun 30, 2024 | 384.00 Mn |
| Jun 30, 2024 | 384.00 Mn |
| Mar 31, 2024 | 371.00 Mn |
| Mar 31, 2024 | 371.00 Mn |
| Dec 31, 2023 | 364.00 Mn |
| Dec 31, 2023 | 364.00 Mn |