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MPLX MPLX Q1 2026 earnings

Reported May 5, 2026 · Before market open

Revenue$2.8BMiss by $287.1M
EPS$0.90Miss by $0.15
Revenue estimate$3.1B
EPS estimate$1.05

Next report

Nov 3, 2026 (in a month)
Revenue estimate$3.4B
EPS estimate$1.13

Financials

Q1 2026

Income statement

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Revenue$3.0B-2.8%
Operating income$1.2B-11.1%
Net income$922.0M-18.8%
EPS (diluted)$0.90-18.2%

Balance sheet

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Cash & equivalents$1.5B-40.6%
Total debt$267.0M-5.3%
Total assets$42.9B+10.2%

Cash flow

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Operating cash flow$1.3B+8.1%
CapEx$575.0M+115%
Free cash flow$772.0M-21.1%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$57.94B+5.9%
Enterprise value$56.7B+8.1%
P/E12.2×0.0×
P/S4.5×0.0×

Profitability

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Operating margin44.8%+0.6pp
Net margin36.7%0.0pp
FCF margin30.2%-9.4pp

Returns & leverage

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Current ratio1.1×0.0×

Segments

By segment

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Crude Oil and Products Logistics$1.6B+1.8%
Natural Gas & NGL Services$1.4B-7.4%

By product

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Service$1.8B+1.6%

FAQ

When did MPLX report Q1 2026 earnings?
MPLX (MPLX) reported Q1 2026 earnings on May 5, 2026 before market open.
What were MPLX's Q1 2026 revenue and EPS?
MPLX reported revenue of $2.8B and eps of $0.90 for Q1 2026.
Did MPLX beat estimates in Q1 2026?
Revenue missed the consensus estimate of $3.1B by $287.1M. EPS missed the consensus estimate of $1.05 by $0.15.
How did MPLX's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 2.8% from $2.9B a year earlier and eps declined 18.2% from $1.10.
Where can I find MPLX's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001552000-26-000023) and the 10-Q periodic report (0001552000-26-000025) directly on SEC EDGAR. The filing index links above go to sec.gov.