MPLX Lp (MPLX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MPLX Revenue Growth
Revenue Breakdown (FY 2025)
MPLX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MPLX Revenue Analysis (2014–2025)
As of May 8, 2026, MPLX Lp (MPLX) generated trailing twelve-month (TTM) revenue of $12.54 billion, reflecting solid growth of +5.2% year-over-year. The most recent quarter (Q1 2026) recorded $3.04 billion in revenue, down 1.9% sequentially.
Looking at the longer-term picture, MPLX's 5-year compound annual growth rate (CAGR) stands at +7.1%, indicating steady revenue expansion. The company achieved its highest annual revenue of $11.82 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows MPLX's business is primarily driven by Service (66%), Product (30%), and Service, Other (4%). With over half of revenue concentrated in Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including EPD (-6.4% YoY), ET (+8.9% YoY), and PAA (-11.3% YoY), MPLX has underperformed the peer group in terms of revenue growth. Compare MPLX vs EPD →
MPLX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MPLXCurrent | $12.5B | +5.2% | +7.1% | 40.3% | |
 EPD | $52.6B | -6.4% | +14.1% | 13.1% | |
 ET | $82.6B | +8.9% | +16.2% | 11.4% | |
 PAA | $50.1B | -11.3% | +8.3% | 2.4% | |
 WES | $3.8B | +11.4% | +6.7% | 41.3% | |
 TRGP | $17.1B | -2.3% | +15.7% | 20.1% |
MPLX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $11.82B | +8.4% | $5.34B | 45.2% | $4.76B | 40.3% |
| 2024 | $10.90B | +4.5% | $4.82B | 44.2% | $5.29B | 48.5% |
| 2023 | $10.43B | -1.0% | $4.56B | 43.7% | $4.90B | 47.0% |
| 2022 | $10.54B | +10.1% | $4.29B | 40.7% | $4.91B | 46.6% |
| 2021 | $9.57B | +14.0% | $4.05B | 42.3% | $3.99B | 41.7% |
| 2020 | $8.40B | -2.7% | $3.75B | 44.6% | $211.0M | 2.5% |
| 2019 | $8.63B | +29.8% | $3.67B | 42.5% | $2.38B | 27.5% |
| 2018 | $6.65B | +80.2% | $2.77B | 41.7% | $2.73B | 41.0% |
| 2017 | $3.69B | +22.6% | $1.31B | 35.5% | $1.19B | 32.3% |
| 2016 | $3.01B | +191.1% | $1.07B | 35.6% | $683.0M | 22.7% |
Full MPLX Stock Analysis
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Start ComparisonMPLX — Frequently Asked Questions
Quick answers to the most common questions about buying MPLX stock.
Is MPLX's revenue growth accelerating or slowing?
MPLX maintains +5.2% revenue growth, in line with its 5-year CAGR of +7.1%. TTM revenue stands at $12.5B. Growth rate remains consistent with historical average.
What is MPLX's long-term revenue growth rate?
MPLX Lp's 5-year revenue CAGR of +7.1% reflects the sustained expansion pattern. Current YoY growth of +5.2% is near this long-term average.
How is MPLX's revenue distributed by segment?
MPLX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.