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Friday 6 November 2026
Export MPLX’s income statement to Excel — free account
MPLX 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
56.63
0.38
+0.68%
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MPLX LP (MPLX) Operating margin
MPLX LP's operating margin over the twelve months to 30 September 2026 was 42.0%, down 3.7 percentage points from fiscal 2025 (45.7%). Over the past ten years it has ranged from 2.79% (fiscal 2020) to 45.7% (fiscal 2025) — the current reading is the highest in ten years. That is above the Oil & Gas Midstream industry median of 34.7% and above the Energy sector median of 15.2%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 45.7% | 1.41 |
| FY2024 | 44.3% | 0.87 |
| FY2023 | 43.4% | 1.15 |
| FY2022 | 42.3% | 2.48 |
| FY2021 | 39.8% | 37.02 |
| FY2020 | 2.79% | (23.50) |
| FY2019 | 26.3% | (12.65) |
| FY2018 | 38.9% | 8.14 |
| FY2017 | 30.8% | 8.25 |
| FY2016 | 22.6% | (12.05) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 40.9% | (0.67) |
| Jun 2026 | 41.6% | 1.65 |
| Mar 2026 | 40.0% | (5.64) |
| Dec 2025 | 45.6% | (4.17) |
| 43 more quarters | Free account |
Against its own ten years
Low 2.79%
High 45.7%
Ten-year median
38.9%
Current reading's percentile
67
Operating margin against peers
| Company | Operating margin |
|---|---|
| TRP TC Energy Corporation compare | 53.9% |
| MPLX MPLX LP | 42.0% |
| WMB Williams Companies, Inc. (The) compare | 37.5% |
| KMI Kinder Morgan, Inc. compare | 29.0% |
| LNG Cheniere Energy, Inc. compare | 28.1% |
| TRGP Targa Resources, Inc. compare | 22.5% |
| OKE ONEOK, Inc. compare | 14.2% |
| EPD Enterprise Products Partners L.P. compare | 12.7% |
| ET Energy Transfer LP compare | 9.17% |
| Oil & Gas Midstream industry median | 34.7% |
| Energy sector median | 15.2% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on MPLX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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