Mplx (MPLXP) Gross Margin (2011 - 2026)

Mplx's (MPLXP) quarterly Gross Margin came in at 83.61% in Q1 2026, down 58.0% year-on-year from 199.07% in Q1 2025, and down 91.51% sequentially from 985.0% in Q4 2025.

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

Mplx's Gross Margin history runs 16 years deep, the most recent figure standing at 83.61% for Q1 2026.

  • In Q1 2026, Gross Margin fell 58.0% year-over-year to 83.61%; the TTM figure through Mar 2026 stood at 82.91% (down 147.0% YoY), while the FY2025 annual figure was 83.95%, up 93.0% from the prior year.
  • Gross Margin came in at 83.61% for Q1 2026 at Mplx, down 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.
  • The 5-year median for Gross Margin is 84.02% (2022), against an average of 72.64%.
  • The widest annual swing landed in 2022, when Gross Margin plunged 109435 bps; it then soared 109862 bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 1014.81% in 2022, then soared by 108 bps to 83.8% in 2023, then slipped by 0 bps to 83.41% in 2024, then soared by 1081 bps to 985.0% in 2025, then plunged by 92 bps to 83.61% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 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 1,308.38 Bn 1,309.08 Bn 6.70 Bn 41.12%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 63.77%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - -
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 23.85%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 41.52%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 83.61%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 26.67%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 23.28%
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 94.13%
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%