stockrowMPLX LP
MPLX Energy Oil & Gas Midstream
MPLX LP’s revenue for fiscal 2025 (year ended December 2025) was $13.0 billion, up 8.92% from fiscal 2024.
- Revenue
- −0.39%
- EPS
- −23.8%
- Free cash flow
- −23.8%
- Total debt
- +3.75%
Quarter to September 2026, against a year earlier
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MPLX LP (MPLX) Gross margin
MPLX LP's gross margin over the twelve months to 30 September 2026 was 57.6%, down 3.0 percentage points from fiscal 2025 (60.6%). Over the past ten years it has ranged from 55.5% (fiscal 2016) to 60.6% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Oil & Gas Midstream industry median of 54.9% and above the Energy sector median of 42.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 60.6% | 0.86 |
| FY2024 | 59.7% | 1.03 |
| FY2023 | 58.7% | 1.95 |
| FY2022 | 56.8% | (1.02) |
| FY2021 | 57.8% | 1.06 |
| FY2020 | 56.7% | (2.22) |
| FY2019 | 58.9% | 1.92 |
| FY2018 | 57.0% | 0.93 |
| FY2017 | 56.1% | 0.59 |
| FY2016 | 55.5% | (3.54) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 56.0% | (0.90) |
| Jun 2026 | 56.9% | 0.23 |
| Mar 2026 | 56.7% | (4.05) |
| Dec 2025 | 60.7% | (3.07) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| WMB Williams Companies, Inc. (The) compare | 82.1% |
| TRP TC Energy Corporation compare | 70.4% |
| KMI Kinder Morgan, Inc. compare | 66.4% |
| MPLX MPLX LP | 57.6% |
| TRGP Targa Resources, Inc. compare | 41.8% |
| LNG Cheniere Energy, Inc. compare | 36.4% |
| OKE ONEOK, Inc. compare | 25.2% |
| ET Energy Transfer LP compare | 21.3% |
| EPD Enterprise Products Partners L.P. compare | 12.5% |
| Oil & Gas Midstream industry median | 54.9% |
| Energy sector median | 42.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on MPLX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement