Filing Flows › Mplx LP (MPLX) › How it makes money
How Mplx LP (MPLX) makes money
Mplx LP (MPLX) made $3.6B of revenue in the third quarter 2026 (Q3 2026), -0.4% from a year earlier. Natural Gas and NGL Services brought in $1.5B (42%); Crude Oil and Products Logistics brought in $1.3B (35%); Other revenues brought in $817M (23%). Of every dollar of revenue, 41¢ was left as operating profit, 32¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Natural Gas and NGL Services | $1.5B | 41.9% | +10% | +21% |
| Crude Oil and Products Logistics | $1.3B | 35.4% | +3% | +6% |
| Other revenues | $817M | 22.7% | +17% | -30% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $3.6B | 100.0% |
| Operating profit | $1.5B | 40.9% |
| Income tax | $2.0M | 0.1% |
| Net earnings | $1.2B | 32.3% |
| Operating cash flow | $1.5B | 41.0% |
| Free cash flow | $447M | 12.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $3.6B | -0.4% |
| Q2 2026 | $3.3B | +10% |
| Q1 2026 | $3.0B | -3% |
| Q4 2025 | $3.3B | +6% |
| Q3 2025 | $3.6B | +22% |
| Q2 2025 | $3.0B | -2% |
| Q1 2025 | $3.1B | +10% |
From Mplx LP's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Mplx LP make money?
Mplx LP (MPLX) made $3.6B of revenue in the third quarter 2026 (Q3 2026), -0.4% from a year earlier. Natural Gas and NGL Services brought in $1.5B (42%); Crude Oil and Products Logistics brought in $1.3B (35%); Other revenues brought in $817M (23%). Of every dollar of revenue, 41¢ was left as operating profit, 32¢ was left as net earnings.
What is Mplx LP's biggest business?
Natural Gas and NGL Services: $1.5B in the third quarter 2026, 42% of revenue, +21% from a year earlier.
What is Mplx LP's profit margin?
Net earnings were $1.2B, 32.3% of revenue, in the third quarter 2026; the operating margin was 40.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.