Mplx (MPLXP) FCF Margin (2011 - 2026)

Mplx's (MPLXP) quarterly FCF Margin came in at 25.41% in Q1 2026, down 1439.0% year-on-year from 1.9% in Q1 2025, and up 100.65% sequentially from 3910.0% in Q4 2025.

Mplx (MPLXP) FCF Margin (2011 - 2026) Analysis & Trends

Mplx's FCF Margin history runs 16 years deep, the most recent figure standing at 25.41% for Q1 2026.

  • In Q1 2026, FCF Margin fell 1439.0% year-over-year to 25.41%; the TTM figure through Mar 2026 stood at 43.3% (down 453.0% YoY), while the FY2025 annual figure was 42.17%, down 1105.0% from the prior year.
  • FCF Margin came in at 25.41% for Q1 2026 at Mplx, up from 3910.0% in the prior quarter.
  • Over five years, FCF Margin peaked at 60.91% in Q2 2025 and troughed at 4062.96% in Q4 2022.
  • The 5-year median for FCF Margin is 43.64% (2023), against an average of 429.38%.
  • The widest annual swing landed in 2022, when FCF Margin plunged 421200 bps; it then jumped 411699 bps in 2023.
  • A 5-year view of FCF Margin shows it stood at 4062.96% in 2022, then surged by 101 bps to 54.03% in 2023, then rose by 5 bps to 56.56% in 2024, then plunged by 7013 bps to 3910.0% in 2025, then jumped by 101 bps to 25.41% in 2026.
  • Per Business Quant data, the three most recent FCF Margin figures were 25.41% in Q1 2026, 3910.0% in Q4 2025, and 25.01% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn -0.43%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 28.13%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 3.38%
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 5.26%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn -3.91%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 25.41%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 0.73%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 24.42%
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn -52.58%
10 Mplx - - 2.54 Bn 25.41%

Historic Data

Download Data
DateValue
Mar 31, 2026 25.41%
Dec 31, 2025 -3,910.00%
Sep 30, 2025 25.01%
Jun 30, 2025 60.91%
Mar 31, 2025 39.80%
Dec 31, 2024 56.56%
Sep 30, 2024 38.19%
Jun 30, 2024 59.96%
Mar 31, 2024 47.70%
Dec 31, 2023 54.03%
Sep 30, 2023 44.42%
Jun 30, 2023 43.64%
Mar 31, 2023 49.74%
Dec 31, 2022 -4,062.96%
Sep 30, 2022 34.38%
Jun 30, 2022 57.18%
Mar 31, 2022 36.63%
Dec 31, 2021 149.04%
Sep 30, 2021 40.76%
Jun 30, 2021 52.44%