DailyIQ

MPLX Earnings

Company • Q1 2026 earnings report

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Report date
-
Timing
-
Period
2026Q1
EPS EstimateEPS ActualRevenue EstimateRevenue Actual
- Not available yet - Not available yet
Actuals update automatically shortly after the company reports.
MPLX|EarningsMPLX

MPLX Financials

Full financials →
72/ 100
Bullish
Verdict: Bullish
Revenue growing year over year
Operating Margin
61.1%
Net Margin
50.9%
FCF Margin
42.2%
Revenue CAGR
28.4%
Current Ratio
1.23x
Debt / Equity
2.77x
Return on Equity
53.5%
Return on Assets
11.5%

Financial Statements

Line Item
Q4 '25
Q3 '25
Q2 '25
Q1 '25
Q4 '24
Q3 '24
Q2 '24
Q1 '24
Q4 '23
Q3 '23
Q2 '23
Q1 '23
Income Statement
Revenue
$2.46B 4.9%
$2.36B 4.5%
$2.46B 13.3%
$2.35B 2.7%
$2.25B 8.6%
$2.17B 2.1%
$2.28B
$2.08B
$2.13B
Gross Profit
Operating Income
$1.48B 10.4%
$1.80B 41.3%
$1.29B 8.9%
$1.37B 9.2%
$1.34B 2.3%
$1.27B 10.5%
$1.42B 20.8%
$1.25B 4.6%
$1.38B
$1.15B
$1.18B
$1.20B
Pretax Income
$1.21B 8.3%
$1.56B 48.5%
$1.06B 10.9%
$1.14B 11.9%
$1.11B 3.4%
$1.05B 12.9%
$1.19B 26.1%
$1.02B 6.6%
$1.15B
$929.00M
$942.00M
$953.00M
Net Income
$1.55B 48.5%
$1.06B 10.8%
$1.14B 11.9%
$1.05B 14.1%
$1.19B 27.1%
$1.01B 7.6%
$918.00M
$933.00M
$943.00M
Cash Flow
Operating Cash Flow
$1.50B 10.7%
$1.43B 1.1%
$1.74B 10.9%
$1.25B 3.5%
$1.68B 12.5%
$1.42B 13.7%
$1.56B 8.9%
$1.29B 5.2%
$1.49B
$1.24B
$1.44B
$1.23B
Investing Cash Flow
$78.00M 122.3%
-$3.73B 596.1%
-$602.00M 428.1%
-$601.00M 39.7%
-$349.00M 33.5%
-$536.00M 127.1%
-$114.00M 57.9%
-$996.00M 352.7%
-$525.00M
-$236.00M
-$271.00M
-$220.00M
Financing Cash Flow
-$1.20B 46.2%
$2.68B 380.8%
-$2.28B 443.2%
$370.00M 138.6%
-$2.23B 154.9%
-$954.00M 18.8%
$665.00M 182.7%
-$958.00M 12.4%
-$876.00M
-$803.00M
-$804.00M
-$852.00M
Free Cash Flow
$782.00M 42.8%
$905.00M 20.3%
$1.44B 6.1%
$979.00M 5.5%
$1.37B 12.6%
$1.14B 11.9%
$1.35B 15.2%
$1.04B 2.1%
$1.21B
$1.01B
$1.17B
$1.06B
Balance Sheet
Total Assets
$43.01B 14.6%
$43.23B 12.2%
$37.84B 1.5%
$38.97B 6.9%
$37.51B 2.7%
$38.52B 6.6%
$38.40B 7.0%
$36.46B 2.2%
$36.53B
$36.12B
$35.87B
$35.67B
Total Liabilities
$28.48B 21.2%
$28.70B 17.0%
$23.79B 3.0%
$24.90B 9.2%
$23.50B 2.4%
$24.53B 7.6%
$24.52B 8.1%
$22.81B 0.8%
$22.95B
$22.80B
$22.68B
$22.62B
Total Equity
Shares Outstanding
1.02B 0.7%
1.02B 0.2%
1.02B 0.1%
1.02B 0.5%
1.02B 1.2%
1.02B 1.8%
1.02B 1.9%
1.02B 1.5%
1.01B
1.00B
1.00B
1.00B

Recent News Coverage

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What Typically Drives Post-Earnings Stock Moves

EarningsReleasedTime →Stock PriceBeatMissPre-earnings drift

Stock prices after earnings announcements are driven by expectations vs. reality. If the market expected a company to report $3.00 EPS and it reports $3.10, the stock may rally - but if expectations were $3.20, the same $3.10 result could trigger a selloff. This is why understanding consensus estimates (the average of all analyst predictions) is crucial. Stocks don't move on absolute performance; they move on performance relative to what was already priced in.

Beyond the headline numbers, investors focus heavily on forward guidance. Guidance is management's prediction for the next quarter or full year. A company that beats current earnings but lowers future guidance will often see its stock fall, because the market values future cash flows more than past results. Conversely, a miss with raised guidance can rally the stock. This is why experienced investors listen to earnings calls and read guidance statements - not just the press release headlines.

Profit margins are another critical driver. If a company grows revenue but margins shrink, it suggests pricing pressure or rising costs. Investors prefer expanding margins, which indicate pricing power and operational efficiency. For example, a company reporting 20% revenue growth with flat margins is less impressive than 10% growth with expanding margins. The latter signals a sustainable, high-quality business model.

Finally, market positioning and sector trends matter. During a bull market, stocks often rise on mediocre earnings because investor sentiment is positive. During bear markets, even strong earnings may not prevent selloffs. Additionally, if peers in the same industry are reporting weak results, a company's strong report might be viewed as an outlier rather than a trend. Always consider the broader market context and sector health when interpreting earnings reactions.

How to Interpret This Earnings Report

Earnings reports are the financial scorecards that companies release every quarter. They contain two critical metrics: Earnings Per Share (EPS) and Revenue. EPS represents the company's profit divided by the number of outstanding shares - essentially, how much money the company made for each share of stock. Revenue is the total money the company brought in before expenses. Both metrics are compared against analyst estimates to determine if the company "beat" or "missed" expectations.

When you see "EPS Estimate" vs. "EPS Actual," you're comparing what Wall Street analysts predicted versus what the company actually delivered. A company that reports EPS of $2.50 when estimates were $2.30 has beaten earnings by $0.20 per share. This often triggers a positive stock reaction, but not always. The market cares equally about revenue growth, future guidance, and profit margins. A company can beat EPS estimates while missing revenue targets, which suggests they cut costs rather than grew sales - a less sustainable path.

Understanding year-over-year (YoY) vs. quarter-over-quarter (QoQ) comparisons is critical. YoY compares this quarter to the same quarter last year, accounting for seasonal business patterns. QoQ compares consecutive quarters and reveals short-term momentum. For example, a retailer's Q4 (holiday season) will always be stronger than Q1 - so comparing Q4 to Q1 is misleading. Always focus on YoY growth for long-term trends and QoQ for recent acceleration or deceleration.

Finally, remember that initial market reactions can be misleading. Stocks sometimes fall on earnings beats because investors were expecting an even larger beat, or because forward guidance disappointed. Conversely, stocks can rise on earnings misses if the company provided optimistic future projections or if the miss was smaller than feared. The key is to focus on fundamentals: Is revenue growing? Are profit margins expanding? Is the company gaining or losing market share? These factors matter far more than a single quarter's results.