Revenue segments as reported by the company.

Sales and other operating revenues

Income (loss) from equity method investments

Net gain on disposal of assets

Other income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

LCM inventory valuation adjustment

Impairment expense

Depreciation and amortization

Selling, general and administrative

Restructuring expenses

Other taxes

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Marathon Petroleum

Hess is an American global independent energy company engaged in the exploration and production of crude oil and natural gas. In 2014 Speedway, a subsidiary of Marathon Petroleum, purchased the retail operations of Hess Corporation for $2.82 billion

Hess

Speedway is the nation's second largest chain of corporate-owned convenience stores. Speedway is headquartered in Enon, Ohio, United States with locations operating under its namesake brand along the Midwestern and East Coast of the United States. Speedway LLC is a wholly owned subsidiary of the Marathon Petroleum Corporation and is the largest chain in central Ohio. Central to Speedway's brand is its Speedy Rewards loyalty program.

Speedway

Marathon Petroleum Corp. engages in the refining, marketing, and transportation of petroleum products. It operates through the Refining and Marketing, and Midstream segments. The Refining and Marketing segment includes refining crude oil and other feedstocks, purchasing ethanol, and refined products for resale and distribution of refined products. The Midstream segment refers to transportation, storing, distribution, and marketing of crude oil and refined products. The company was founded in 1887 and is headquartered in Findlay, OH.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Marathon Petroleum reports robust Q4 performance and eyes growth opportunities

Marathon Petroleum's Q4 2022 performance reflects strong financial results and operational resilience. The company's focus on strategic partnerships, diversified investments, and market opportunities positions it well for future growth. Challenges related to market dynamics and supply chain disruptions require proactive management.

Marathon Petroleum (MPC) posts record Q1 earnings amidst market challenges

Marathon Petroleum (MPC) delivered strong financial performance in Q1 2023, driven by robust refining margins and strategic initiatives.
While facing challenges such as heavy turnaround expenses and market uncertainties, MPC remains focused on shareholder returns and sustainable growth.
The company's emphasis on low-carbon initiatives, margin capture strategies, and commercial improvements positions it well for future success.
Opportunities in renewable energy investments, consumer trends, and market dynamics offer avenues for MPC to further enhance its competitive position.

Marathon Petroleum (MPC) reports robust Q2 performance and strategic evolution

Marathon Petroleum (MPC) showcased strong financial performance, operational efficiency, and strategic evolution in Q2 2023.
Despite challenges in regulatory approvals and industry-wide refining delays, MPC remains well-positioned for growth.
Opportunities in market expansion, renewable investments, and product optimization offer avenues for future success.
Commitment to shareholder value through dividends, share repurchases, and sustainable practices underpins MPC's solid performance.

Marathon Petroleum posts stellar Q3 results, eyes growth opportunities ahead

Marathon Petroleum's Q3 performance reflects financial strength and operational efficiency, underpinned by a shareholder-friendly approach. While facing near-term challenges like turnaround expenses and regulatory compliance, the company is well-positioned to capitalize on growth opportunities through strategic focus and sustainable initiatives.

Marathon Petroleum posts robust 2023 results, eyes growth opportunities

Marathon Petroleum (MPC) reported strong financial performance in 2023, returning significant value to shareholders and emphasizing strategic capital allocation priorities.
The company's focus on margin improvement, reliability, and employee development underpins its competitive strengths and growth initiatives.
While facing challenges in capital allocation and maintaining shareholder returns, MPC sees opportunities in a favorable refining environment and targeted investments.
Overall, MPC remains optimistic about the future, leveraging its integrated system and operational excellence to drive sustained success and shareholder value.

Marathon Petroleum (MPC) reports robust Q1 earnings and growth opportunities

Marathon Petroleum (MPC) delivered strong financial results in Q1 2024 despite operational challenges, with a focus on safety, reliability, and strategic investments for long-term growth.
The company's optimistic outlook on the refining industry, coupled with increased cash distributions from MPLX and a significant share repurchase authorization, underscores MPC's commitment to enhancing shareholder value.
While facing challenges related to product margins, regulatory alignment, and market dynamics, MPC is well-positioned to leverage opportunities in the global refining market and drive sustainable growth.

Marathon Petroleum (MPC) reports robust Q2 earnings and strategic advancements

Marathon Petroleum (MPC) delivered strong Q2 earnings driven by operational excellence and robust cash generation amidst favorable market conditions.
The company's midstream segment, MPLX, made strategic advancements, enhancing MPC's value chain and positioning it for future growth.
While facing inquiries on dividend policy and market dynamics, MPC remains committed to safe operations, value creation, and strategic capital allocation.
With a focus on seizing growth opportunities and navigating challenges, MPC aims to sustain its performance and drive shareholder value in a dynamic market landscape.

Marathon Petroleum (MPC) reports robust Q3 earnings amid market challenges

Marathon Petroleum (MPC) delivered strong Q3 results with a focus on capital returns and operational excellence amidst market volatility.
While facing challenges in refining margins and analyst inquiries, MPC's strategic investments and commitment to safety position it for growth.
Opportunities lie in optimizing the portfolio, capitalizing on steady product demand, and enhancing operational efficiency for sustained success.

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Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

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Minority interest

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Book value per share

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Cash from investing

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Purchase/sale of investments

Purchase/sale of business

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Change in stock

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Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Peabody Energy

Chord Energy Corp

ConocoPhillips

Devon Energy

Diamondback Energy

Halliburton

Liberty Oilfield Services

Ovintiv

Permian Resources Corp

Schlumberger

SM Energy

Valero Energy

Favored names expected to continue gushing cash include Devon, Halliburton and Schlumberger.

14 energy stocks whose ample cash flow might benefit shareholders

Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Marathon Petroleum Corporation (MPC) is Attracting Investor Attention: Here is What You Should Know

The latest trading day saw Marathon Petroleum (MPC) settling at $162.45, representing a -1.08% change from its previous close.

Marathon Petroleum (MPC) Stock Declines While Market Improves: Some Information for Investors

Marathon Petroleum and the Teamsters union, which represents refinery workers in Detroit, Michigan, are at a standstill as negotiations for a new labor agreement stagnate and the strike at the plant enters its third week.

Marathon, Teamsters negotiations remain at standstill as strike enters third week

Marathon Petroleum (MPC) closed the most recent trading day at $164.67, moving +0.49% from the previous trading session.

Marathon Petroleum (MPC) Ascends While Market Falls: Some Facts to Note

MPC receives revised air permit for Detroit refinery, enabling increased production while addressing environmental concerns.

Marathon's Detroit Refinery Gets Green Light for Increased Throughput

Zacks.com users have recently been watching Marathon Petroleum (MPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It

FINDLAY, Ohio , Sept. 6, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, November 5, 2024, at 11 a.m.

Marathon Petroleum Corp. to Report Third-Quarter Financial Results on November 5, 2024

Marathon Petroleum (MPC) reported earnings 30 days ago. What's next for the stock?

Marathon Petroleum (MPC) Up 1.4% Since Last Earnings Report: Can It Continue?

Marathon Petroleum (MPC) concluded the recent trading session at $171.75, signifying a -1.19% move from its prior day's close.

Why Marathon Petroleum (MPC) Dipped More Than Broader Market Today

Marathon Petroleum Corporation's strong midstream business and substantial shareholder returns make it a valuable investment opportunity despite core business volatility. The company boasts impressive financial strength, returning $3.2 billion to shareholders and reducing its share count by 50% since mid-2021. Marathon Petroleum generates robust cash flow, supporting a nearly 15% dividend yield and aggressive share repurchases.

Marathon Petroleum Can Continue Driving Strong Returns

MPC shows strong cash flow and strategic growth, making it a solid hold despite turnaround costs and oil price volatility risks.

Why Holding Marathon Petroleum Stock Makes Sense for Now

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Wall Street Analysts Look Bullish on Marathon Petroleum (MPC): Should You Buy?

In Q2, Marathon Petroleum (MPC) spent $569 million on capital programs (53% on Refining & Marketing and 42% on the Midstream segment) compared to $562 million in the year-ago period.

Marathon (MPC) Overcomes Lower Margins, Tops Q2 Earnings

Marathon Petroleum Corporation (NYSE:MPC ) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Kristina Kazarian - IR Maryann Mannen - CEO John Quaid - CFO Rick Hessling - Chief Commercial Officer Timothy Aydt - EVP, MPLX GP LLC David Heppner - Chief Strategy Officer & SVP, Business Development Conference Call Participants Manav Gupta - UBS Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Roger Read - Wells Fargo John Royall - JPMorgan Jason Gabelman - TD Cowen Carlos Escalante - Wolfe Research Matthew Blair - TPH Theresa Chen - Barclays Operator Welcome to the MPC Second Quarter 2024 Earnings Call. My name is Sheila, and I will be your operator for today's call.

Marathon Petroleum Corporation (MPC) Q2 2024 Earnings Call Transcript

Marathon Petroleum (MPC) came out with quarterly earnings of $4.12 per share, beating the Zacks Consensus Estimate of $3.04 per share. This compares to earnings of $5.32 per share a year ago.

Marathon Petroleum (MPC) Tops Q2 Earnings and Revenue Estimates

MPLX

FINDLAY, Ohio , Aug. 6, 2024 /PRNewswire/ -- Second -quarter net income attributable to MPLX of $1.2 billion and net cash provided by operating activities of $1.6 billion Adjusted EBITDA attributable to MPLX of $1.7 billion and distributable cash flow of $1.4 billion Returned $949 million of capital to unitholders Progressing Permian growth strategy; Preakness II processing plant began operations in July; announced increased ownership in BANGL NGL pipeline, and FID of the Blackcomb natural gas pipeline MPLX LP (NYSE: MPLX) today reported second-quarter 2024 net income attributable to MPLX of $1,176 million, compared with $933 million for the second quarter of 2023. Second-quarter 2024 net income includes a $151 million gain from the closing of the strategic transaction combining the Whistler and Rio Bravo natural gas assets.

MPLX LP Reports Second-Quarter 2024 Financial Results

Top U.S. refiner Marathon Petroleum posted lower second-quarter profit on Tuesday, hurt by lower refining margins.

Marathon Petroleum's second-quarter profit hit by lower refining margins

FINDLAY, Ohio , Aug. 6, 2024 /PRNewswire/ -- Second -quarter net income attributable to MPC of $1.5 billion, or $4.33 per diluted share; adjusted net income of $1.4 billion, or $4.12 per diluted share Adjusted EBITDA of $3.4 billion and net cash provided by operating activities of $3.2 billion, reflecting strong operational and commercial performance Advanced Midstream growth; $1.6 billion segment adjusted EBITDA in the second quarter, up 6% year-over-year, focused in the Permian and Marcellus MPC received $550 million quarterly distribution from MPLX, demonstrating the value of the strategic relationship Returned $3.2 billion of capital through $2.9 billion of share repurchases and $290 million of dividends Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $1.5 billion, or $4.33 per diluted share, for the second quarter of 2024, compared with net income attributable to MPC of $2.2 billion, or $5.32 per diluted share, for the second quarter of 2023.  Adjusted net income was $1.4 billion, or $4.12 per diluted share, for the second quarter of 2024.

Marathon Petroleum Corp. Reports Second-Quarter 2024 Results

W&T Offshore

With favorable oil prices, energy companies' upstream business scenario is likely to have benefited. Let's see how Devon (DVN), Marathon (MPC) and W&T Offshore (WTI) are placed ahead of Q2 earnings.

Can These 3 Energy Stocks Surpass Q2 Earnings Predictions?

Most investors are waking up to realize that the market rotation has not only started but is gaining momentum with each trading day. Stanley Druckenmiller started selling out of the technology sector, specifically the artificial intelligence names that seemed to have run their course, to reallocate into bonds and small-cap stocks.

Why Marathon Petroleum is Committed to a $5 Billion Stock Buyback

Is It Worth Investing in Marathon Petroleum (MPC) Based on Wall Street's Bullish Views?

Lower refining margins are likely to have impacted the second-quarter earnings of Marathon Petroleum (MPC).

Marathon (MPC) Q2 Earnings on Deck: Here's How It Will Fare

The latest trading day saw Marathon Petroleum (MPC) settling at $177.02, representing a -0.71% change from its previous close.

Marathon Petroleum (MPC) Stock Dips While Market Gains: Key Facts

FINDLAY, Ohio , July 31, 2024 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.825 per share on common stock. The dividend is payable Sept.

News for Marathon Petroleum Stock (MPC)