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
DateValue
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%