Mplx (MPLXP) Gross Margin (2011 - 2026)
Mplx (MPLXP) reported Gross Margin of 83.61% for Q1 2026, down 58.0% year-over-year from 199.07% in Q1 2025, and down 91.51% quarter-over-quarter from 985.0% in Q4 2025.
Mplx (MPLXP) Gross Margin (2011 - 2026) Analysis & Trends
Mplx (MPLXP) has 16 years of Gross Margin data on file, last reported at 83.61% in Q1 2026.
- Gross Margin for Q1 2026 came in at 83.61%, down 58.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 82.91% (down 147.0% YoY), and the FY2025 annual result was 83.95%, up 93.0% from the prior year.
- Gross Margin eased to 83.61% in Q1 2026 per MPLXP's latest filing, from 985.0% in the prior quarter.
- Over five years, Gross Margin peaked at 985.0% in Q4 2025 and troughed at 1014.81% in Q4 2022.
- A 5-year average of 72.64% and a median of 84.02% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 109435 bps in 2022, then surged 109862 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 1014.81% in 2022, then surged by 108 bps to 83.8% in 2023, then decreased by 0 bps to 83.41% in 2024, then surged by 1081 bps to 985.0% in 2025, then tumbled by 92 bps to 83.61% in 2026.
- Business Quant data shows MPLXP's Gross Margin at 83.61% in Q1 2026, 985.0% in Q4 2025, and 86.38% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | - |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 63.77% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 23.85% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 83.61% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 41.52% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 26.67% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 98.68% |
| 10 | Mplx | - | - | 2.54 Bn | 83.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 83.61% |
| Dec 31, 2025 | 985.00% |
| Sep 30, 2025 | 86.38% |
| Jun 30, 2025 | 84.34% |
| Mar 31, 2025 | 84.19% |
| Dec 31, 2024 | 83.41% |
| Sep 30, 2024 | 86.41% |
| Jun 30, 2024 | 82.97% |
| Mar 31, 2024 | 82.92% |
| Dec 31, 2023 | 83.80% |
| Sep 30, 2023 | 79.24% |
| Jun 30, 2023 | 87.06% |
| Mar 31, 2023 | 80.91% |
| Dec 31, 2022 | -1,014.81% |
| Sep 30, 2022 | 84.02% |
| Jun 30, 2022 | 86.44% |
| Mar 31, 2022 | 89.00% |
| Dec 31, 2021 | 79.53% |
| Sep 30, 2021 | 88.35% |
| Jun 30, 2021 | 87.77% |