NYSE$MPLX
MPLX LP · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
MPLX reported Q1 2026 total revenues and other income of $3.04B (-3% YoY) and net income attributable to MPLX of $912M, with diluted LP EPS of $0.90.
For the quarter ended March 31, 2026, MPLX LP posted total revenues and other income of $3.04 billion versus $3.12 billion from logistics and storage assets tied to Marathon Petroleum. Net income attributable to MPLX was $912 million, or $0.90 diluted per LP unit, compared with $1.13 billion and $1.10 a year ago. Distributable cash flow and pipeline throughput remain key metrics for the MLP.
- Total revenues and other income $3.04B; net income attributable to MPLX $912M.
- Diluted LP EPS $0.90 versus $1.10 prior year.
- Midstream logistics and gathering for MPC system.
- Distribution coverage supported by fee-based contracts.
- Pipeline and terminal volumes linked to refining throughput.
Headline financials
Revenue & EPS history
MPLX · Revenue · Quarterly
$3.04B
Forward guidance
MPLX discusses distribution policy, growth capex, and MPC sponsor volumes without traditional corporate EPS guidance.
Tailwinds
- Fee-based midstream cash flows.
- Strong distributable cash flow coverage.
- Integration with Marathon refining system.
Headwinds
- Net income down YoY on lower throughput/revenue.
- Commodity volume sensitivity.
- Regulatory and environmental capex requirements.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
+0.0%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+1.0%
Avg return
30 days after
47%
22 / 47 earnings
Positive
+10.2%
Q3 2015
Best reaction
-25.5%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.7% | -5.5% | -1.5% | |
| Q4 2025 | -0.1% | +1.2% | +6.0% | |
| Q3 2025 | +0.7% | +0.8% | +9.9% | |
| Q2 2025 | -3.5% | -4.4% | -3.6% | |
| Q1 2025 | -1.7% | -3.0% | +1.3% | |
| Q4 2024 | +2.4% | +3.4% | +1.8% | |
| Q3 2024 | +4.8% | +3.7% | +12.1% | |
| Q2 2024 | +0.7% | -0.9% | +4.4% | |
| Q1 2024 | -0.9% | -2.0% | -4.2% | |
| Q4 2023 | +1.3% | -1.6% | +1.0% | |
| Q3 2023 | +0.3% | +0.3% | +1.4% | |
| Q2 2023 | -0.5% | -2.1% | -1.7% | |
| Q1 2023 | +0.2% | -2.6% | -4.4% | |
| Q4 2022 | +0.4% | -1.7% | +0.4% | |
| Q3 2022 | +1.6% | +1.6% | +0.9% | |
| Q2 2022 | -0.3% | -6.8% | +0.1% | |
| Q1 2022 | +5.3% | +0.4% | +1.9% | |
| Q4 2021 | -1.7% | -2.8% | -4.0% | |
| Q3 2021 | +1.0% | +1.9% | -4.3% | |
| Q2 2021 | -2.9% | -4.3% | +3.2% | |
| Q1 2021 | +4.9% | +3.7% | +6.3% | |
| Q4 2020 | +3.2% | +1.2% | +9.4% | |
| Q3 2020 | +7.3% | +2.2% | +26.7% | |
| Q2 2020 | +7.5% | +0.7% | -2.2% | |
| Q1 2020 | -1.8% | +1.5% | +15.4% | |
| Q4 2019 | -1.1% | -4.4% | -15.8% | |
| Q3 2019 | -1.7% | -1.2% | -10.2% | |
| Q2 2019 | -1.6% | -7.1% | -4.9% | |
| Q1 2019 | -4.6% | -4.9% | -3.5% | |
| Q4 2018 | -5.6% | -4.0% | -4.1% | |
| Q3 2018 | -1.8% | +1.2% | -1.4% | |
| Q2 2018 | +0.1% | +1.8% | +1.6% | |
| Q1 2018 | +4.0% | +1.9% | +5.0% | |
| Q4 2017 | -2.3% | -2.7% | -7.0% | |
| Q3 2017 | +8.8% | +8.6% | +9.2% | |
| Q2 2017 | -0.7% | +0.6% | -6.7% | |
| Q1 2017 | -3.2% | -2.4% | -6.5% | |
| Q4 2016 | -0.6% | +1.1% | +0.3% | |
| Q3 2016 | +5.0% | +8.1% | +5.3% | |
| Q2 2016 | -1.0% | -4.5% | +2.1% | |
| Q1 2016 | -0.7% | — | — | |
| Q4 2015 | -25.5% | — | — | |
| Q3 2015 | +10.2% | — | — | |
| Q2 2015 | -1.5% | — | — | |
| Q1 2015 | -3.0% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2012 | +2.7% | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — |
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