What is MPLX's pre-tax income?

MPLX (MPLX) reported pre-tax income of $923M in Q1 2026.

How has MPLX's pre-tax income changed year-over-year?

MPLX's pre-tax income decreased by 18.8% year-over-year, from $1.14B to $923M.

What is the long-term trend for MPLX's pre-tax income?

Over 4 years (2021 to 2025), MPLX's pre-tax income has grown at a 12.4% compound annual growth rate (CAGR), from $3.11B to $4.96B.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

MPLX MPLX Pre-Tax Income

Pre-Tax Income at other companies

Enterprise Products PartnersEPD

$1.52B+6.2%

Antero Midstream CorporationAM

$155.91M-0.6%

OneokOKE

$1.02B+15.0%

TRG

Targa ResourcesTRGP

$611.3M+73.7%

Marathon PetroleumMPC

$1.03B+170%

Kinder MorganKMI

——

Other financials

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

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Market cap$57.16B+9.3%

Enterprise value$55.92B+9.3%

P/E12.1×0.0×

P/S4.4×+0.1×

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×

Where this comes from

Reported directly by MPLX in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: MPLX’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MPLX's pre-tax income?: MPLX (MPLX) reported pre-tax income of $923M in Q1 2026.
How has MPLX's pre-tax income changed year-over-year?: MPLX's pre-tax income decreased by 18.8% year-over-year, from $1.14B to $923M.
What is the long-term trend for MPLX's pre-tax income?: Over 4 years (2021 to 2025), MPLX's pre-tax income has grown at a 12.4% compound annual growth rate (CAGR), from $3.11B to $4.96B.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.