Filing Flows › Mplx LP (MPLX) › Q3 2026 › vs Q2 2026
Mplx LP (MPLX) Q3 2026 vs Q2 2026 (quarter over quarter)
Mplx LP's revenue rose $293M (+9%) from $3.3B in Q2 2026 to $3.6B in Q3 2026. The biggest changes: Natural Gas and NGL Services +$135M (+10%); Other revenues +$120M (+17%); Crude Oil and Products Logistics +$38.0M (+3%). Operating margin 40.9% against 41.6% (-0.7 pts).
Mplx LP, Q3 2026: revenue $3.6B (-0.4% year over year), operating margin 40.9%, net earnings $1.2B, operating cash flow $1.5B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 40.9% | 41.6% | -0.7 pts |
| Net margin | 32.3% | 32.5% | -0.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Natural Gas and NGL Services | $1.5B | $1.4B | $135M | +10% |
| Crude Oil and Products Logistics | $1.3B | $1.2B | $38.0M | +3% |
| Other revenues | $817M | $697M | $120M | +17% |
| Revenue | $3.6B | $3.3B | $293M | +9% |
| Operating profit | $1.5B | $1.4B | $98.0M | +7% |
| Costs & expenses | $2.1B | $1.9B | $195M | +10% |
| Pre-tax earnings | $1.2B | $1.1B | $87.0M | +8% |
| Other expense, net | $300M | $289M | $11.0M | +4% |
| General & admin | $130M | $108M | $22.0M | +20% |
| Other operating costs | $2.0B | $1.8B | $173M | +9% |
| Net earnings | $1.2B | $1.1B | $86.0M | +8% |
| Minority interests | $11.0M | $10.0M | $1.0M | +10% |
| Income tax | $2.0M | $2.0M | $0 | 0% |
| Depreciation | $335M | $320M | $15.0M | +5% |
| Working capital & other | $21.0M | −$305M | $326M | — |
| Operating cash flow | $1.5B | $1.7B | −$225M | -13% |
Questions
How much did Mplx LP's revenue grow quarter over quarter in Q3 2026?
Mplx LP's revenue rose $293M (+9%) from $3.3B in Q2 2026 to $3.6B in Q3 2026.
What drove Mplx LP's revenue change in Q3 2026?
Natural Gas and NGL Services +$135M (+10%); Other revenues +$120M (+17%); Crude Oil and Products Logistics +$38.0M (+3%).