Mplx LP vs Targa Resources
Targa Resources is the larger business, with $17.03bn of revenue in fiscal 2025 against $13.00bn for Mplx LP (1.3 times as much). Mplx LP grew faster (8.9% against 3.9%). Mplx LP kept more of each dollar of sales as profit: a net margin of 37.8% against 11.3%.
| Latest fiscal year | Mplx LPMPLX, 2025 | Targa ResourcesTRGP, 2025 |
|---|---|---|
| Revenue | $13.00bn | $17.03bn |
| Revenue growth | 8.9% | 3.9% |
| Net income | $4.91bn | $1.92bn |
| Operating margin | 45.7% | — |
| Net margin | 37.8% | 11.3% |
| Return on equity | — | 67.9% |
| Free cash flow | $4.10bn | $584m |
| Cash | $2.14bn | $166m |
| Total debt | $26.01bn | $17.43bn |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $400m | $642m |
| Employees | 5,762 | 3,570 |
| Market value | $58.30bn | $64.14bn |
| Price vs our value range | Below our value range | — |
| Moat score | 74 (Strong) | 36 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 25 sales |