MPLX LP (MPLX) stock
MPLXNYSEPipe Lines (No Natural Gas)Fiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 3, 2026Score 5/303% above fair value
$57.25+0.66 (+1.17%)
Close on Nov 13, 2026Market cap $58.04BP/E –Yield –
Mplx Lp operating margin
Operating margin is operating income as a percentage of revenue.
Mplx Lp's operating margin for the twelve months ending Jun 30, 2026 was 44.4%. For fiscal 2025 it was 45.7%, against 44.3% the year before. The highest annual figure on record is 45.7% in fiscal 2025.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 45.7% | +1.4 |
| FY2024 | Dec 31, 2024 | 44.3% | +0.9 |
| FY2023 | Dec 31, 2023 | 43.4% | +1.1 |
| FY2022 | Dec 31, 2022 | 42.3% | +2.5 |
| FY2021 | Dec 31, 2021 | 39.8% | +37.0 |
| FY2020 | Dec 31, 2020 | 2.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 41.6% | −1.5 |
| Q1 FY2026 | Mar 31, 2026 | 40.0% | −3.8 |
| Q4 FY2025 | Dec 31, 2025 | 45.6% | +1.8 |
| Q3 FY2025 | Sep 30, 2025 | 49.8% | +6.9 |
| Q2 FY2025 | Jun 30, 2025 | 43.1% | −3.4 |
| Q1 FY2025 | Mar 31, 2025 | 43.7% | −0.2 |
| Q4 FY2024 | Dec 31, 2024 | 43.8% | −2.5 |
| Q3 FY2024 | Sep 30, 2024 | 42.9% | +3.3 |
| Q2 FY2024 | Jun 30, 2024 | 46.5% | +2.8 |
| Q1 FY2024 | Mar 31, 2024 | 44.0% | −0.1 |
| Q4 FY2023 | Dec 31, 2023 | 46.4% | +6.5 |
| Q3 FY2023 | Sep 30, 2023 | 39.6% | −9.6 |
| Q2 FY2023 | Jun 30, 2023 | 43.7% | +5.7 |
| Q1 FY2023 | Mar 31, 2023 | 44.1% | +3.5 |
| Q4 FY2022 | Dec 31, 2022 | 39.8% | – |
| Q3 FY2022 | Sep 30, 2022 | 49.2% | – |
| Q2 FY2022 | Jun 30, 2022 | 38.0% | – |
| Q1 FY2022 | Mar 31, 2022 | 40.6% | – |
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