MPLX MPLX margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 78

Gross margin

57.6%

Operating margin

42%

EBITDA margin

44%

Net margin

32.9%

The MPLX shows a gross margin of 57.6%, an operating margin of 42%, an EBITDA margin of 44%, and a net margin of 32.9%. Net margin drove the decline across the available margins, decreasing by 4.7 percentage points.

MPLX margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, MPLX's margins averaged 59.43% gross, 44.16% operating, 46.67% EBITDA, and 35.91% net. Each of the four current margins is below its three-year average.

MPLX margin expansion

Year-over-year margin changes in percentage points

The strongest decline was in net margin, which fell by 4.7 percentage points. The other available margins also declined.

Gross margin expansion

-2.6pp

Operating margin expansion

-3.3pp

EBITDA margin expansion

-4pp

Net margin expansion

-4.7pp

MPLX Gross margin

MPLX recorded an average gross margin of 59.43% across the last 3 years. MPLX currently reports a gross margin of 57.6%, 1.8 percentage points below its three-year average. The highest gross margin for MPLX was 60.6% in Dec 2025, while the lowest was 57.6% in Sep 2026.

MPLX Operating margin

Across the last 3 years, MPLX recorded an average operating margin of 44.16%. The latest operating margin for MPLX is 42%, 2.2 percentage points below its three-year average. The highest operating margin for MPLX was 45.7% in Dec 2025, while the lowest was 42% in Sep 2026.

MPLX EBITDA margin

Across the last 3 years, MPLX's EBITDA margin came to 46.67%. Compared with its three-year average, MPLX's current EBITDA margin is 44% and is 2.7 percentage points below its three-year average. EBITDA margin was highest at 48.2% in Dec 2025 and lowest at 44% in Sep 2026.

MPLX Net margin

Across the last 3 years, MPLX recorded an average net margin of 35.91%. MPLX's current net margin is 32.9% and is 3 percentage points below its three-year average. The highest net margin for MPLX was 37.8% in Dec 2025, while the lowest was 32.9% in Sep 2026.

MPLX margin group comparison

Margins compared with peer-group, industry and sector averages

MPLX's gross margin of 57.6% is above the Energy sector and the industry average. In comparison with its Energy sector average of 42.7%, MPLX's gross margin is 35% higher.

MPLX margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is MPLX's gross margin?

As of Sep 30, 2026, MPLX has a gross margin of 57.6%.

What is MPLX's operating margin?

As of Sep 30, 2026, MPLX has an operating margin of 42%.

What is MPLX's EBITDA margin?

For the period ending Sep 30, 2026, MPLX recorded an EBITDA margin of 44%.

What is MPLX's net margin?

As of Sep 30, 2026, MPLX has a net margin of 32.9%.

What are the average margins of MPLX?

Over the past 3 years, MPLX reported average margins of 59.4% gross, 44.2% operating, 46.7% EBITDA, and 35.9% net.

What are the highest historical margins of MPLX?

Over this 5-year history, MPLX peaked at 60.6% gross in Dec 2025, 45.7% operating in Dec 2025, 51.6% EBITDA in Sep 2022, and 37.8% net in Dec 2025.

What are the lowest historical margins of MPLX?

Within the 5-year period, MPLX recorded its lowest margins at 55.2% gross in Jun 2022, 39.3% operating in Jun 2022, 38.3% EBITDA in Sep 2023, and 30.7% net in Dec 2021.