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
DateValue
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