MPLX Lp: EPS $1.15 vs $1.13 expected; revenue $3.27B vs $3.35B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 1.15 | 1.13 | +1.8% | 1.52 |
| Revenue (USD bn) | 3.27 | 3.35 | −2.5% | 3.62 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 3, 2026 | Q3 FY2026 | 1.15 | 1.13 | +1.8% | 3.27 | 3.35 | −2.5% |
| Aug 4, 2026 | Q2 FY2026 | 1.06 | 1.06 | 0.0% | 3.08 | 3.14 | −1.9% |
| May 5, 2026 | Q1 FY2026 | 0.90 | 1.05 | −14.3% | 2.81 | 3.09 | −9.3% |
| Feb 3, 2026 | Q4 FY2025 | 1.17 | 1.06 | +10.4% | 3.25 | 3.18 | +2.4% |
| Nov 4, 2025 | Q3 FY2025 | 1.52 | 1.07 | +42.1% | 3.62 | 3.16 | +14.6% |
| Aug 5, 2025 | Q2 FY2025 | 1.03 | 1.06 | −2.8% | 2.79 | 3.14 | −11.2% |
| May 6, 2025 | Q1 FY2025 | 1.10 | 1.10 | 0.0% | 2.89 | 3.16 | −8.8% |
| Feb 4, 2025 | Q4 FY2024 | 1.07 | 1.04 | +2.9% | 2.84 | 3.07 | −7.6% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
MPLX Lp results: EPS $1.15 vs $1.13 expected; revenue $3.27B vs $3.35B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 1.8%; revenue below the estimate by 2.5%.
Revenue was down 9.6% from $3.62 billion a year earlier (Q3 FY2025). EPS was down 24.3% from $1.52 a year earlier. On its record, EPS topped analysts' estimates in 3 of 7 earlier comparable reports.
What the results mean
MPLX Lp operates midstream energy infrastructure, with transportation, storage, gas gathering and processing connecting production with consumption channels. Reading its results therefore involves examining activity through its assets and operating efficiency alongside reported revenue.
Declining revenue makes it important to understand the sources of change within logistics and storage and gas gathering and processing. The available material does not establish whether the change reflects transported and processed volumes or the mix of activities and sales.
The company handles natural gas, natural gas liquids, crude oil and refined products, alongside inland marine transportation, distribution and handling services. Network and facility utilization and operating costs are therefore important to understanding the business's ability to generate profit.
What to watch on the earnings call: Listen for management's explanation of declining revenue, demand for transportation, storage and gas processing, and asset utilization. Discussion of margins, operating costs and spending on network and facility maintenance would also help clarify the relationship between business activity and profitability.
For the full analysis of MPLX Lp stock — valuation, scores and financial statements — see the stock page linked with this story.