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MPLX MPLX Operating margin

Operating margin at other companies

Enterprise Products Partners logo
Enterprise Products PartnersEPD
13.4%+0.1pp
Energy Transfer logo
Energy TransferET
10%-1.4pp
Kinder Morgan logo
Kinder MorganKMI
29%+1.4pp
Antero Midstream Corporation logo
Antero Midstream CorporationAM
52.8%-8.2pp
Oneok logo
OneokOKE
16.9%-3.7pp
TRG
Targa ResourcesTRGP
22.9%+5.3pp

Other financials

Income statement

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Revenue$3.3B+10.3%
Operating income$1.4B+6.6%
Net income$1.1B+1.8%
EPS (diluted)$1.06+2.9%

Balance sheet

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Cash & equivalents$1.0B-25.6%
Total debt$25.6B+9,326%
Total assets$43.0B+13.6%

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$60.11B+15.0%
P/E12.6×+0.6×
P/S4.6×+0.2×

Profitability

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Net margin36%+0.2pp
FCF margin30.2%-9.4pp

Returns & leverage

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Current ratio1.1×0.0×

Where this comes from

Calculated from MPLX’s reported figures.

operating income/total revenue=44.4%

Based on trailing twelve months.

The source filing: MPLX’s 8-K, filed August 4, 2026. Open the filing →

Filed
Aug 4, 2026, 6:49 AM EDT
Accession
0001552000-26-000035

FAQ

What is MPLX's operating margin?
MPLX (MPLX) reported operating margin of 44.4% in Q2 2026.
How has MPLX's operating margin changed year-over-year?
MPLX's operating margin increased by 2.4% year-over-year, from 43.4% to 44.4%.
What is the long-term trend for MPLX's operating margin?
Over 5 years (2020 to 2025), MPLX's operating margin has grown at a 75.0% compound annual growth rate (CAGR), from 2.8% to 45.7%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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