What is MPLX's income tax?

MPLX (MPLX) reported income tax of $1M in Q1 2026.

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

MPLX's income tax decreased by 0.0% year-over-year, from $1M to $1M.

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

Over 3 years (2021 to 2024), MPLX's income tax has grown at a 115.4% compound annual growth rate (CAGR), from $1M to $10M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

MPLX MPLX Income Tax

Income Tax at other companies

Enterprise Products PartnersEPD

$22M-8.3%

Energy TransferET

$135M+229%

Antero Midstream CorporationAM

$37.64M+4.3%

OneokOKE

$245M+24.4%

TRG

Targa ResourcesTRGP

$123.9M+71.6%

Kinder MorganKMI

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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$57.35B+8.4%

Enterprise value$56.11B+8.3%

P/E12.1×-0.1×

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:IncomeTaxExpenseBenefit.

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 income tax?: MPLX (MPLX) reported income tax of $1M in Q1 2026.
How has MPLX's income tax changed year-over-year?: MPLX's income tax decreased by 0.0% year-over-year, from $1M to $1M.
What is the long-term trend for MPLX's income tax?: Over 3 years (2021 to 2024), MPLX's income tax has grown at a 115.4% compound annual growth rate (CAGR), from $1M to $10M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.