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MPLX MPLX Price / earnings

Price / earnings at other companies

Enterprise Products Partners logo
Enterprise Products PartnersEPD
13.9×+1.2×
Energy Transfer logo
Energy TransferET
15.2×+2.2×
Kinder Morgan logo
Kinder MorganKMI
22.5×-2.0×
Devon Energy logo
Devon EnergyDVN
13.8×+5.1×
Oneok logo
OneokOKE
16.1×-4.3×
TRG
Targa ResourcesTRGP
25.3×-8.1×

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$57.68B+5.9%
Enterprise value$56.44B+8.1%
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×

Where this comes from

Calculated from MPLX’s reported figures.

Based on the most recent quarter.

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 price / earnings?
MPLX (MPLX) reported price / earnings of 12.2× in Q1 2026.
How has MPLX's price / earnings changed year-over-year?
MPLX's price / earnings increased by 0.1% year-over-year, from 12.2× to 12.2×.
What is the long-term trend for MPLX's price / earnings?
Over 4 years (2021 to 2025), MPLX's price / earnings has grown at a 3.5% compound annual growth rate (CAGR), from 40× to 45.8×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.