Marathon Petroleum Corporation's Stock Analysis

Marathon Petroleum Reports Second Quarter 2025 Financial Results

Marathon Petroleum Corporation reported a net income of $1.2 billion, or $3.96 per diluted share, for the second quarter of 2025, down from $1.5 billion, or $4.33 per diluted share, in the same quarter of 2024. The company's adjusted EBITDA for the quarter was $3.3 billion, slightly lower than the $3.4 billion reported in the previous year. The Refining & Marketing segment generated an adjusted EBITDA of $1.9 billion, while the Midstream segment maintained its adjusted EBITDA at $1.6 billion, indicating stable performance despite rising operating expenses. The company returned approximately $1.0 billion to shareholders, including $692 million in share repurchases, and had $6.0 billion available under its share repurchase authorizations as of June 30, 2025.

Additionally, Marathon Petroleum is advancing its growth strategies, notably through MPLX's acquisition of Northwind Midstream for $2.375 billion, aimed at enhancing its midstream operations. The company is also investing in high-return projects at its refineries, with significant capital expenditures planned for upgrades and expansions. These include projects at its Los Angeles, Robinson, and Galveston Bay refineries, with expected completion dates ranging from late 2025 to 2027. The company is focused on optimizing its portfolio and enhancing operational efficiencies to deliver capital returns to shareholders.

Aug 05, 2025 06:34:00

Marathon Petroleum Reports First-Quarter 2025 Net Loss

Marathon Petroleum Corporation reported a net loss of $74 million, or $0.24 per diluted share, for the first quarter of 2025, a significant decrease from a net income of $937 million, or $2.58 per diluted share, in the same period last year. The loss was attributed to the execution of the second largest planned maintenance quarter in the company's history. Adjusted EBITDA for the quarter was $2.0 billion, down from $3.3 billion in the first quarter of 2024, primarily due to lower market crack spreads affecting the refining segment.

The Midstream segment, however, showed growth with a 8% increase in adjusted EBITDA, reaching $1.7 billion, driven by higher throughput and growth from equity affiliates. The company returned $1.3 billion to shareholders, including $1.1 billion in share repurchases. As of March 31, 2025, Marathon Petroleum had $3.8 billion in cash and cash equivalents and announced strategic investments in its refining and midstream operations, including the acquisition of BANGL, LLC and the FID of the Traverse natural gas pipeline.

May 06, 2025 06:31:30

Marathon Petroleum Reports $371 Million Net Income in Q4 2024

Marathon Petroleum Corporation (MPC) reported a net income of $371 million, or $1.15 per diluted share, for the fourth quarter of 2024. This marks a significant decline from the previous year's net income of $1.5 billion, or $3.84 per diluted share. The company's adjusted net income also fell to $249 million from $1.5 billion year-over-year. Despite the decrease in income, MPC generated $8.7 billion in net cash from operations in 2024, allowing it to return $10.2 billion to shareholders through share repurchases and dividends. The company also announced progress in its Midstream Gulf Coast NGL strategy and the establishment of a Renewable Diesel segment, which aims to enhance its operational reporting and competitiveness in the market. 

Conversely, the results highlighted challenges as the Refining & Marketing segment saw a sharp decline in adjusted EBITDA to $559 million from $2.2 billion in the same quarter last year, primarily due to lower market crack spreads. The overall adjusted EBITDA for the fourth quarter decreased to $2.1 billion from $3.6 billion year-over-year. Additionally, the company faced rising refining operating costs and planned turnaround costs, reflecting operational headwinds. The Renewable Diesel segment, while showing improvement, still reported a loss of $150 million for the full year, indicating ongoing struggles in that area.

Feb 04, 2025 06:32:27

Marathon Petroleum Reports $622 Million Net Income in Q3 2024

Marathon Petroleum Corp. reported a net income of $622 million, or $1.87 per diluted share, for the third quarter of 2024, a significant decrease from $3.3 billion and $8.28 per diluted share in the same quarter of the previous year. The adjusted EBITDA also fell to $2.5 billion from $5.7 billion a year prior, with the Refining & Marketing segment's adjusted EBITDA dropping from $4.4 billion to $1.1 billion due to lower market crack spreads. However, the Midstream segment saw growth, with adjusted EBITDA increasing to $1.6 billion, up nearly 6% year-over-year, supported by higher rates and volumes from recent acquisitions. The company also returned $3.0 billion to shareholders through share repurchases and dividends, alongside a 10% increase in its quarterly dividend and a new $5 billion share repurchase authorization.

On the negative side, the company faced a substantial decline in profitability, with the Refining & Marketing segment’s margin dropping to $14.35 per barrel from $26.16 per barrel compared to the previous year. Additionally, refining planned turnaround costs increased, contributing to the overall decrease in segment adjusted EBITDA. The total revenues also fell to $35.4 billion from $41.6 billion year-on-year. Despite strong capital returns to shareholders, the overall financial performance highlights challenges in the refining market, particularly from lower margins and increased operational costs.

Nov 05, 2024 06:42:57

Marathon Petroleum Reports Strong Q2 2024 Financial Results

Marathon Petroleum Corp. reported a net income of $1.5 billion for Q2 2024, down from $2.2 billion a year prior. Adjusted earnings also decreased, reflecting lower refining margins. However, the company showed strong operational performance with $3.2 billion in cash from operations and returned the same amount to shareholders through buybacks and dividends. Midstream segment earnings grew 6% year-over-year, highlighting successful investments. Despite the income drop, the company remains focused on disciplined investments and strategic growth.

Aug 06, 2024 06:42:26

Marathon Petroleum Corp. Leadership Transition Plan

Marathon Petroleum Corp. announces leadership changes effective August 1, 2024, with Maryann Mannen becoming President and CEO, Mike Hennigan transitioning to Executive Chairman, and John Surma elected Lead Independent Director. Hennigan's successful tenure as CEO saw strategic priorities met, a significant return to shareholders, and growth in the midstream business. The Board supports Mannen as the new CEO, citing her extensive energy sector experience. Mannen expresses commitment to safety, the environment, and shareholder value, looking forward to leading the company.

May 13, 2024 16:48:44

Marathon Petroleum Corp. Q1 2024 Report Highlights $937M Net Income

Marathon Petroleum Corp. reported $937 million net income in Q1 2024, with adjusted EBITDA of $3.3 billion. The company completed its largest planned maintenance quarter, advanced midstream growth, and distributed $550 million. Despite a decrease in EBITDA compared to Q1 2023, MPC returned $2.5 billion to shareholders and announced a $5 billion share repurchase authorization. The strategic plan includes significant capital spending and growth projects in key basins. MPC holds a strong financial position with $7.6 billion in cash and $5 billion available credit. Q2 2024 outlook includes refining operating costs per barrel of $4.95.

Apr 30, 2024 06:41:45

Marathon Petroleum Corp. Reports Fourth-Quarter 2023 Results

Marathon Petroleum Corp. reported a decrease in net income for Q4 2023 compared to Q4 2022, but full-year net cash from operations was $14.1 billion, supporting a return of $12.8 billion to shareholders. The company's 2024 standalone capital spending outlook is $1.25 billion, with a focus on enhancing margins and reducing costs. Strategic investments are planned to improve competitiveness and address emissions regulations at refineries. MPLX, a subsidiary, announced a capital outlook of $1.1 billion for growth projects in key basins.

Jan 30, 2024 06:41:55

Marathon Petroleum Corp. Announces Executive Management Changes

Marathon Petroleum Corp. appoints Maryann T. Mannen as president, recognizing her leadership, and John J. Quaid as CFO, emphasizing his financial expertise. Mannen will oversee the refining business, while Quaid's role focuses on financial leadership. Both will report to CEO Michael J. Hennigan. The company operates the nation's largest refining system and owns the majority interest in MPLX LP, a midstream company. The changes are effective from January 1, 2024.

Dec 21, 2023 16:47:47

Marathon Petroleum Corp. Reports Strong Q3 2023 Results and Increases Dividend

Marathon Petroleum Corp. reported third-quarter 2023 results, with net income of $3.3 billion and adjusted net income of $3.2 billion. The company also announced an increase in distribution and a quarterly dividend increase of approximately 10%. They returned $3.1 billion of capital through share repurchases and dividends and approved an additional $5 billion share repurchase authorization.

Oct 31, 2023 06:40:21