---
title: "MPLX LP 1Q 2026: Revenue $3.04B, Net income $922M, EPS $0.9— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285243320.md"
description: "MPLX LP reported its first-quarter 2026 results, showing revenue of $3.04B, a decrease of 2.8% from $3.12B in the prior year. Net income fell 18.8% to $922M, with diluted EPS at $0.9, down 18.2% from $1.1. Strong operational volumes in Marcellus, Utica, and the Southwest supported throughput growth, but product revenue declined due to lower NGL prices. Growth capital spending increased for expansion projects, while segment results showed mixed performance in crude logistics and natural gas."
datetime: "2026-05-05T17:11:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285243320.md)
  - [en](https://longbridge.com/en/news/285243320.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285243320.md)
---

# MPLX LP 1Q 2026: Revenue $3.04B, Net income $922M, EPS $0.9— 10-Q Summary

MPLX LP reported first-quarter 2026 results with revenue of $3.04B, net income of $922M and diluted EPS of $0.9, versus $3.12B, $1.14B and $1.1, respectively, in the prior-year quarter.

**Financial Highlights**

Metric

Current quarter

Prior year quarter

YoY change

Revenue¹

$3.04B

$3.12B

(2.8%)

Net income²

$922M

$1.14B

(18.8%)

Diluted EPS³

$0.9

$1.1

(18.2%)

_¹ Reported as “Total revenues and other income”. ² Reported as “Net income”. ³ Reported as “Common - diluted”._

**Business Highlights**

-   Operational volumes were strong in Marcellus, Utica and the Southwest, supporting throughput growth for gathering and processing.
-   Product revenue declined due to lower NGL prices, partially offset by higher service and rental income tied to lease modifications.
-   Cash flow remains supported by long-term take-or-pay and capacity contracts with MPC, helping mitigate commodity volatility.
-   Growth capital spending increased, focused on Permian-to-Gulf Coast expansion and new gas processing plants.
-   Segment results showed modest crude logistics EBITDA improvement, while Natural Gas & NGL EBITDA declined due to divestitures, pricing and one-time 2025 benefits.

Original SEC Filing: MPLX LP \[ MPLX \] - 10-Q - May. 05, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [MPLX.US](https://longbridge.com/en/quote/MPLX.US.md)
- [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md)
- [VDE.US](https://longbridge.com/en/quote/VDE.US.md)
- [MLPX.US](https://longbridge.com/en/quote/MLPX.US.md)
- [AMLP.US](https://longbridge.com/en/quote/AMLP.US.md)
- [IXC.US](https://longbridge.com/en/quote/IXC.US.md)
- [UNG.US](https://longbridge.com/en/quote/UNG.US.md)
- [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md)
- [EMLP.US](https://longbridge.com/en/quote/EMLP.US.md)
- [XES.US](https://longbridge.com/en/quote/XES.US.md)
- [MLPA.US](https://longbridge.com/en/quote/MLPA.US.md)
- [OIH.US](https://longbridge.com/en/quote/OIH.US.md)
- [XOP.US](https://longbridge.com/en/quote/XOP.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)
- [TPYP.US](https://longbridge.com/en/quote/TPYP.US.md)
- [MPC.US](https://longbridge.com/en/quote/MPC.US.md)

## Related News & Research

- [Phillips 66 Plans Major Midstream Capacity Expansion](https://longbridge.com/en/news/286777632.md)
- [High Note Wealth LLC Raises Stock Holdings in ExxonMobil Corporation $XOM](https://longbridge.com/en/news/286751805.md)
- [EOG Resources Signals Record Cash in 2026 Call](https://longbridge.com/en/news/286988066.md)
- [Canada's Birchcliff Q1 production up, adjusted funds flow rises on higher realized prices](https://longbridge.com/en/news/286309788.md)
- [US natgas prices ease on forecasts for lower demand after heatwave](https://longbridge.com/en/news/287088960.md)