Filing Flows › Mplx LP (MPLX) › Q3 2026 › vs Q3 2025
Mplx LP (MPLX) Q3 2026 vs Q3 2025 (year over year)
Mplx LP's revenue fell $14.0M (-0.4%) from $3.6B in Q3 2025 to $3.6B in Q3 2026. The biggest changes: Other revenues −$343M (-30%); Natural Gas and NGL Services +$261M (+21%); Crude Oil and Products Logistics +$68.0M (+6%). Operating margin 40.9% against 49.8% (-8.8 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 40.9% | 49.8% | -8.8 pts |
| Net margin | 32.3% | 42.7% | -10.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Natural Gas and NGL Services | $1.5B | $1.2B | $261M | +21% |
| Crude Oil and Products Logistics | $1.3B | $1.2B | $68.0M | +6% |
| Other revenues | $817M | $1.2B | −$343M | -30% |
| Revenue | $3.6B | $3.6B | −$14.0M | -0.4% |
| Operating profit | $1.5B | $1.8B | −$325M | -18% |
| Costs & expenses | $2.1B | $1.8B | $311M | +17% |
| Pre-tax earnings | $1.2B | $1.6B | −$382M | -25% |
| Other expense, net | $300M | $243M | $57.0M | +23% |
| General & admin | $130M | $126M | $4.0M | +3% |
| Other operating costs | $2.0B | $1.7B | $307M | +18% |
| Net earnings | $1.2B | $1.5B | −$381M | -25% |
| Minority interests | $11.0M | $11.0M | $0 | 0% |
| Income tax | $2.0M | $3.0M | −$1.0M | -33% |
| Depreciation | $335M | $310M | $25.0M | +8% |
| Working capital & other | $21.0M | $423M | −$402M | -95% |
| Operating cash flow | $1.5B | $1.4B | $46.0M | +3% |
Questions
How much did Mplx LP's revenue grow year over year in Q3 2026?
Mplx LP's revenue fell $14.0M (-0.4%) from $3.6B in Q3 2025 to $3.6B in Q3 2026.
What drove Mplx LP's revenue change in Q3 2026?
Other revenues −$343M (-30%); Natural Gas and NGL Services +$261M (+21%); Crude Oil and Products Logistics +$68.0M (+6%).