MPLX LP's gross profit for the
three
months ended in Mar. 2025 was $1,274 Mil. MPLX LP's gross profit for the trailing twelve months (TTM) ended in Mar. 2025 was $4,939 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. MPLX LP's gross profit for the
three
months ended in Mar. 2025 was $1,274 Mil. MPLX LP's Revenue for the
three
months ended in Mar. 2025 was $2,887 Mil. Therefore, MPLX LP's Gross Margin % for the quarter that ended in Mar. 2025 was 44.13%.
MPLX LP had a gross margin of 44.13% for the quarter that ended in Mar. 2025 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of MPLX LP was 44.59%. The lowest was 35.49%. And the median was 42.41%.
MPLX LP Gross Profit Historical Data
The historical data trend for MPLX LP's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Midstream subindustry, MPLX LP's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MPLX LP's Gross Profit Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, MPLX LP's Gross Profit distribution charts can be found below:
* The bar in red indicates where MPLX LP's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,939 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
MPLX LP (NYSE:MPLX) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
MPLX LP had a gross margin of 44.13% for the quarter that ended in Mar. 2025 => Durable competitive advantage
MPLX LP Gross Profit Related Terms
Thank you for viewing the detailed overview of MPLX LP's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. MPLX also acquired Andeavor Logistics in 2019.
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