Marathon Petroleum Corp (MPC) stock
MPCNYSEPetroleum RefiningFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026Score 16/308% above fair value
$444.73+12.22 (+2.83%)
Close on Oct 30, 2026Market cap $124.89BP/E 15.3Yield 0.84%
Earnings
Marathon Petroleum's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Nov 3, 2026
Q3 FY2026 · estimated, before the open
Revenue, Q2 FY2026
–
– on a year earlier
Adjusted EPS, Q2 FY2026
$17.73
$3.96 a year earlier
Latest guidance
Raised
Aug 4, 2026 · 2 items
Quarterly results
Revenue and earnings per share from each of Marathon Petroleum's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q3 FY2026ended Sep 30, 2026 | Nov 3, 2026Expected | – | – | – | – | – |
| Q2 FY2026ended Jun 30, 2026 | Aug 4, 2026before the open | – | – | $17.73 | – | Release |
| Q1 FY2026ended Mar 31, 2026 | May 5, 2026before the open | $34.57B | +8.5% | $1.73 | $1.65 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 3, 2026before the open | $33.42B | +0.9% | $5.12 | $4.07 | Release |
| Q3 FY2025ended Sep 30, 2025 | Nov 4, 2025before the open | $35.85B | +2.1% | $4.51 | $3.01 | Release |
| Q2 FY2025ended Jun 30, 2025 | Aug 5, 2025before the open | $34.10B | -11.1% | $3.96 | $3.96 | Release |
| Q1 FY2025ended Mar 31, 2025 | May 6, 2025before the open | $31.85B | -4.1% | -$0.24 | – | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 4, 2025before the open | $33.14B | -10.0% | $1.15 | $0.77 | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 5, 2024before the open | $35.11B | -15.6% | $1.87 | $1.87 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 6, 2024before the open | $38.36B | +4.2% | $4.33 | $4.12 | Release |
| Q1 FY2024ended Mar 31, 2024 | Apr 30, 2024before the open | $33.21B | -5.3% | $2.58 | – | Release |
| Q4 FY2023ended Dec 31, 2023 | Jan 30, 2024before the open | $36.82B | -8.2% | $3.84 | $3.98 | Release |
| Q3 FY2023ended Sep 30, 2023 | Oct 31, 2023before the open | $41.58B | -12.0% | $8.28 | $8.14 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 1, 2023before the open | $36.82B | -32.1% | $5.32 | $5.32 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 2, 2023before the open | $35.08B | -8.6% | $6.09 | – | Release |
| Q4 FY2022ended Dec 31, 2022 | Jan 31, 2023before the open | $40.09B | +12.6% | $7.09 | $6.65 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 1, 2022before the open | $47.24B | +44.8% | $9.06 | $7.81 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 2, 2022before the open | $54.24B | – | $10.95 | $10.61 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 3, 2022before the open | $38.38B | – | $1.49 | – | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 2, 2022before the open | $35.61B | – | $1.27 | $1.30 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 2, 2021before the open | $32.61B | – | $1.09 | $0.73 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 4, 2021before the open | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | May 4, 2021before the open | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Feb 2, 2021before the open | – | – | – | – | Release |
| Q3 FY2020ended Sep 30, 2020 | Nov 2, 2020before the open | – | – | – | – | Filing |
| Q2 FY2020ended Jun 30, 2020 | Aug 3, 2020before the open | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Marathon Petroleum's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| capital spending outlook (excluding MPLX) | FY2026 | $1.50B | $1.50B | Lowered | Aug 4, 2026 |
| capital spending outlook (excluding MPLX) | FY2026 | $1.50B | $50.00M | Raised | May 5, 2026 |
| annual distribution growth to MPC | FY2026 | +12.5% | – | New | May 5, 2026 |
| planned turnaround expense | FY2026 | $1.35B | – | New | May 5, 2026 |
Guidance history
Every forecast Marathon Petroleum put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Aug 4, 2026 | capital spending outlook (excluding MPLX) | FY2026 | $1.50B | Lowered |
| Aug 4, 2026 | growth capital spending outlook | FY2026 | $2.90B | Raised |
| May 5, 2026 | capital spending outlook (excluding MPLX) | FY2026 | $1.50B | Raised |
| May 5, 2026 | Crude oil refined | Q2 FY2026 | 2795 | New |
| May 5, 2026 | Other charge and blendstocks | Q2 FY2026 | 195 | Lowered |
| May 5, 2026 | Total | Q2 FY2026 | 2990 | Raised |
| May 5, 2026 | Distribution costs (in millions) | Q2 FY2026 | $1.63B | New |
| May 5, 2026 | Refining planned turnaround costs (in millions) | Q2 FY2026 | $300.00M | Lowered |
| May 5, 2026 | Depreciation and amortization (in millions) | Q2 FY2026 | $390.00M | Raised |
| May 5, 2026 | Corporate (includes $30 million of D&A) | Q2 FY2026 | $240.00M | Lowered |
| May 5, 2026 | Refining operating costs per barrel (a) | Q2 FY2026 | $6 | New |
| May 5, 2026 | annual distribution growth to MPC | FY2026 | +12.5% | New |
| May 5, 2026 | planned turnaround expense | FY2026 | $1.35B | New |
| Feb 3, 2026 | standalone (excluding MPLX) capital spending outlook | FY2026 | $1.50B | Raised |
| Feb 3, 2026 | MPLX’s 2026 capital spending outlook | FY2026 | $2.70B | Raised |
| Feb 3, 2026 | Refinery throughputs Total | Q1 FY2026 | 2740 | New |
| Feb 3, 2026 | Refining operating costs per barrel | Q1 FY2026 | $6 | New |
| Feb 3, 2026 | Distribution costs | Q1 FY2026 | $1.63B | Raised |
| Feb 3, 2026 | Refining planned turnaround costs | Q1 FY2026 | $465.00M | Lowered |
| Feb 3, 2026 | Depreciation and amortization | Q1 FY2026 | $385.00M | Lowered |
| Feb 3, 2026 | Corporate | Q1 FY2026 | $240.00M | Lowered |
| Nov 4, 2025 | Capital spending | FY2025 | $100.00M | Lowered |
| Nov 4, 2025 | Capital spending | FY2025 | $150.00M | Raised |
| Nov 4, 2025 | Capital spending | FY2025 | $200.00M | Raised |
| Nov 4, 2025 | Capital spending | FY2026 | $50.00M | Reaffirmed |
| Nov 4, 2025 | Crude oil refined | Q4 FY2025 | 2675 | New |
| Nov 4, 2025 | Other charge and blendstocks | Q4 FY2025 | 230 | Lowered |
| Nov 4, 2025 | Total refinery throughputs | Q4 FY2025 | 2905 | Raised |
| Nov 4, 2025 | Distribution costs | Q4 FY2025 | $1.58B | New |
| Nov 4, 2025 | Refining planned turnaround costs | Q4 FY2025 | $420.00M | Lowered |
| Nov 4, 2025 | Depreciation and amortization | Q4 FY2025 | $400.00M | Lowered |
| Nov 4, 2025 | Corporate (includes $20 million of D&A) | Q4 FY2025 | $240.00M | Lowered |
| Nov 4, 2025 | Refining operating costs per barrel | Q4 FY2025 | $6 | New |
| Aug 5, 2025 | Capital spending in 2025 | FY2025 | $100.00M | New |
| Aug 5, 2025 | Capital spending in 2025 | FY2025 | $150.00M | Raised |
| Aug 5, 2025 | Capital spending in 2025 | FY2025 | $200.00M | Raised |
| Aug 5, 2025 | Capital spending in 2026 | FY2026 | $50.00M | New |
| Aug 5, 2025 | Crude oil refined | Q3 FY2025 | 2730 | New |
| Aug 5, 2025 | Other charge and blendstocks | Q3 FY2025 | 210 | Lowered |
| Aug 5, 2025 | Total refinery throughputs | Q3 FY2025 | 2940 | Raised |
| Aug 5, 2025 | Distribution costs | Q3 FY2025 | $1.53B | New |
| Aug 5, 2025 | Refining planned turnaround costs | Q3 FY2025 | $400.00M | Lowered |
| Aug 5, 2025 | Depreciation and amortization | Q3 FY2025 | $415.00M | Raised |
| Aug 5, 2025 | Corporate (includes $20 million of D&A) | Q3 FY2025 | $240.00M | Lowered |
| Aug 5, 2025 | Refining operating costs per barrel | Q3 FY2025 | $6 | New |
| May 6, 2025 | Capital spend in 2025 | FY2025 | $100.00M | Lowered |
| May 6, 2025 | Capital spend in 2025 | FY2025 | $150.00M | Raised |
| May 6, 2025 | Capital spend in 2025 | FY2025 | $200.00M | Raised |
| May 6, 2025 | Capital spend in 2026 | FY2026 | $50.00M | New |
| May 6, 2025 | Crude oil refined | Q2 FY2025 | 2775 | New |
| May 6, 2025 | Other charge and blendstocks | Q2 FY2025 | 170 | Lowered |
| May 6, 2025 | Total | Q2 FY2025 | 2945 | Raised |
| May 6, 2025 | Refining operating costs per barrel | Q2 FY2025 | $5 | New |
| May 6, 2025 | Distribution costs | Q2 FY2025 | $1.53B | Raised |
| May 6, 2025 | Refining planned turnaround costs | Q2 FY2025 | $265.00M | Lowered |
| May 6, 2025 | Depreciation and amortization | Q2 FY2025 | $410.00M | Raised |
| May 6, 2025 | Corporate (includes $20 million of D&A) | Q2 FY2025 | $220.00M | Lowered |
| Feb 4, 2025 | standalone (excluding MPLX) capital spending outlook | FY2025 | $1.25B | New |
| Feb 4, 2025 | capital spending outlook | FY2025 | $2.00B | Raised |
| Feb 4, 2025 | Refining operating costs per barrel | Q1 FY2025 | $6 | New |
| Feb 4, 2025 | Distribution costs | Q1 FY2025 | $1.53B | Raised |
| Feb 4, 2025 | Refining planned turnaround costs | Q1 FY2025 | $450.00M | Lowered |
| Feb 4, 2025 | Depreciation and amortization | Q1 FY2025 | $380.00M | Lowered |
| Feb 4, 2025 | Corporate (includes $20 million of D&A) | Q1 FY2025 | $220.00M | Lowered |
| Nov 5, 2024 | Crude oil refined | Q4 FY2024 | 2650 | New |
| Nov 5, 2024 | Other charge and blendstocks | Q4 FY2024 | 230 | Lowered |
| Nov 5, 2024 | Total refinery throughputs | Q4 FY2024 | 2880 | Raised |
| Nov 5, 2024 | Distribution costs | Q4 FY2024 | $1.53B | New |
| Nov 5, 2024 | Refining planned turnaround costs | Q4 FY2024 | $285.00M | Lowered |
| Nov 5, 2024 | Depreciation and amortization | Q4 FY2024 | $475.00M | Raised |
| Nov 5, 2024 | Corporate | Q4 FY2024 | $200.00M | Lowered |
| Nov 5, 2024 | Refining operating costs per barrel | Q4 FY2024 | $6 | New |
| Aug 6, 2024 | Crude oil refined | Q3 FY2024 | 2645 | New |
| Aug 6, 2024 | Other charge and blendstocks | Q3 FY2024 | 200 | Lowered |
| Aug 6, 2024 | Refinery throughputs: Total | Q3 FY2024 | 2845 | Raised |
| Aug 6, 2024 | Distribution costs | Q3 FY2024 | $1.55B | New |
| Aug 6, 2024 | Refining planned turnaround costs | Q3 FY2024 | $330.00M | Lowered |
| Aug 6, 2024 | Corporate | Q3 FY2024 | $200.00M | Lowered |
| Aug 6, 2024 | Depreciation and amortization | Q3 FY2024 | $485.00M | New |
| Aug 6, 2024 | Refining operating costs per barrel | Q3 FY2024 | $5 | New |
| Apr 30, 2024 | Crude oil refined | Q2 FY2024 | 2775 | New |
| Apr 30, 2024 | Other charge and blendstocks | Q2 FY2024 | 190 | Lowered |
| Apr 30, 2024 | Total refinery throughputs | Q2 FY2024 | 2965 | Raised |
| Apr 30, 2024 | Distribution costs | Q2 FY2024 | $1.50B | New |
| Apr 30, 2024 | Refining planned turnaround costs | Q2 FY2024 | $200.00M | Lowered |
| Apr 30, 2024 | Corporate | Q2 FY2024 | $200.00M | Reaffirmed |
| Apr 30, 2024 | Depreciation and amortization | Q2 FY2024 | $485.00M | New |
| Apr 30, 2024 | Refining operating costs per barrel | Q2 FY2024 | $5 | New |
| Jan 30, 2024 | capital spending outlook | FY2024 | $1.25B | New |
| Jan 30, 2024 | Total refinery throughputs | Q1 FY2024 | 2685 | New |
| Jan 30, 2024 | Distribution costs | Q1 FY2024 | $1.45B | New |
| Jan 30, 2024 | Refining planned turnaround costs | Q1 FY2024 | $600.00M | Lowered |
| Jan 30, 2024 | Depreciation and amortization | Q1 FY2024 | $480.00M | Lowered |
| Jan 30, 2024 | Corporate | Q1 FY2024 | $185.00M | Lowered |
| Jan 30, 2024 | Refining operating costs per barrel | Q1 FY2024 | $6 | New |
| Oct 31, 2023 | Other charge and blendstocks | Q4 FY2023 | 260 | Lowered |
| Oct 31, 2023 | Refinery throughputs Total | Q4 FY2023 | 2890 | Raised |
| Oct 31, 2023 | Distribution costs | Q4 FY2023 | $1.45B | New |
| Oct 31, 2023 | Refining planned turnaround costs | Q4 FY2023 | $300.00M | Lowered |
| Oct 31, 2023 | Depreciation and amortization | Q4 FY2023 | $480.00M | Raised |
| Oct 31, 2023 | Corporate | Q4 FY2023 | $175.00M | Lowered |
| Oct 31, 2023 | Refining operating costs per barrel | Q4 FY2023 | $6 | New |
| Oct 31, 2023 | Crude oil refined | Q4 FY2023 | 2630 | New |
| Aug 1, 2023 | Crude oil refined | Q3 FY2023 | 2730 | New |
| Aug 1, 2023 | Other charge and blendstocks | Q3 FY2023 | 200 | Lowered |
| Aug 1, 2023 | Refinery throughputs: Total | Q3 FY2023 | 2930 | Raised |
| Aug 1, 2023 | Distribution costs | Q3 FY2023 | $1.40B | New |
| Aug 1, 2023 | Refining planned turnaround costs | Q3 FY2023 | $120.00M | Lowered |
| Aug 1, 2023 | Depreciation and amortization | Q3 FY2023 | $480.00M | Raised |
| Aug 1, 2023 | Corporate | Q3 FY2023 | $175.00M | Lowered |
| Aug 1, 2023 | Refining operating costs per barrel (a) | Q3 FY2023 | $5 | New |
| May 2, 2023 | Crude oil refined | Q2 FY2023 | 2645 | New |
| May 2, 2023 | Other charge and blendstocks | Q2 FY2023 | 215 | Lowered |
| May 2, 2023 | Total refinery throughputs | Q2 FY2023 | 2860 | Raised |
| May 2, 2023 | Refining operating costs per barrel | Q2 FY2023 | 5.2 | New |
| May 2, 2023 | Distribution costs | Q2 FY2023 | $1.35B | New |
| May 2, 2023 | Refining planned turnaround costs | Q2 FY2023 | $400.00M | Lowered |
| May 2, 2023 | Depreciation and amortization | Q2 FY2023 | $480.00M | Raised |
| May 2, 2023 | Corporate | Q2 FY2023 | $175.00M | Lowered |
| Jan 31, 2023 | standalone capital spending outlook | FY2023 | $1.30B | New |
| Nov 1, 2022 | Crude oil refined | Q4 FY2022 | 2690 | New |
| Nov 1, 2022 | Other charge and blendstocks | Q4 FY2022 | 215 | Lowered |
| Nov 1, 2022 | Total refinery throughputs | Q4 FY2022 | 2905 | Raised |
| Nov 1, 2022 | Distribution costs | Q4 FY2022 | $1.35B | New |
| Nov 1, 2022 | Refining planned turnaround costs | Q4 FY2022 | $430.00M | Lowered |
| Nov 1, 2022 | Depreciation and amortization | Q4 FY2022 | $460.00M | Raised |
| Nov 1, 2022 | Corporate | Q4 FY2022 | $170.00M | Lowered |
| Nov 1, 2022 | Refining operating costs per barrel | Q4 FY2022 | $5 | New |
| Aug 2, 2022 | Crude oil refined | Q3 FY2022 | 2705 | New |
| Aug 2, 2022 | Other charge and blendstocks | Q3 FY2022 | 200 | Lowered |
| Aug 2, 2022 | Total refinery throughputs | Q3 FY2022 | 2905 | Raised |
| Aug 2, 2022 | Refining operating costs per barrel | Q3 FY2022 | 5.5 | New |
| Aug 2, 2022 | Distribution costs | Q3 FY2022 | $1.30B | New |
| Aug 2, 2022 | Refining planned turnaround costs | Q3 FY2022 | $400.00M | Lowered |
| Aug 2, 2022 | Depreciation and amortization | Q3 FY2022 | $460.00M | Raised |
| Aug 2, 2022 | Corporate | Q3 FY2022 | $170.00M | Lowered |
| May 3, 2022 | Crude oil refined | Q2 FY2022 | 2750 | New |
| May 3, 2022 | Other charge and blendstocks | Q2 FY2022 | 175 | Lowered |
| May 3, 2022 | Total refinery throughputs | Q2 FY2022 | 2925 | Raised |
| May 3, 2022 | Distribution costs | Q2 FY2022 | $1.30B | New |
| May 3, 2022 | Refining planned turnaround costs | Q2 FY2022 | $155.00M | Lowered |
| May 3, 2022 | Depreciation and amortization | Q2 FY2022 | $470.00M | Raised |
| May 3, 2022 | Corporate | Q2 FY2022 | $170.00M | Lowered |
| May 3, 2022 | Refining operating costs per barrel | Q2 FY2022 | $6 | New |
| Feb 2, 2022 | capital spending outlook | FY2022 | $1.70B | New |
| Feb 2, 2022 | Distribution costs | Q1 FY2022 | $1.30B | New |
| Feb 2, 2022 | Refining planned turnaround costs | Q1 FY2022 | $155.00M | Lowered |
| Feb 2, 2022 | Depreciation and amortization | Q1 FY2022 | $465.00M | Raised |
| Feb 2, 2022 | Corporate | Q1 FY2022 | $170.00M | Lowered |
| Feb 2, 2022 | Refining operating costs per barrel | Q1 FY2022 | $5 | New |
| Feb 2, 2022 | Refinery throughputs | Q1 FY2022 | 2885 | New |
| Nov 2, 2021 | Refining operating costs per barrel | Q4 FY2021 | 5.4 | New |
| Nov 2, 2021 | Crude oil refined | Q4 FY2021 | 2595 | Raised |
| Nov 2, 2021 | Other charge and blendstocks | Q4 FY2021 | 200 | Lowered |
| Nov 2, 2021 | Total refinery throughputs | Q4 FY2021 | 2795 | Raised |
| Nov 2, 2021 | Distribution costs | Q4 FY2021 | $1.30B | New |
| Nov 2, 2021 | Refining planned turnaround costs | Q4 FY2021 | $200.00M | Lowered |
| Nov 2, 2021 | Depreciation and amortization | Q4 FY2021 | $465.00M | Raised |
| Nov 2, 2021 | Corporate | Q4 FY2021 | $170.00M | Lowered |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Marathon Petroleum filed with the SEC as exhibits to Form 8-K or 6-K
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