MPC
Marathon Petroleum Corporation176.79
-8.72-4.7%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
53.75BP/E (TTM)
18.79Basic EPS (TTM)
9.41Dividend Yield
0.02%Recent Filings
8-K
8-K
10-Q
8-K
MPC Q2 earnings dip; Permian expansion
Marathon Petroleum reported Q2 2025 net income of $1.2 billion, or $3.96 per diluted share, down from $1.5 billion last year, amid weaker refining margins yet strong 97% utilization and $3.3 billion adjusted EBITDA. MPLX announced a $2.375 billion acquisition of Northwind Midstream to bolster Permian gas processing, while MPC divested its ethanol interest for $425 million. Refining investments target 20-25% returns by 2027. Strategic shifts enhance midstream resilience but face regulatory hurdles.
10-Q
Q2 FY2025 results
Marathon Petroleum's Q2 2025 results showed steady refining throughput at 3,060 mbpd, up slightly from 3,051 mbpd a year ago, while revenues dipped 11% y/y to $33.8B amid softer product prices, yielding $1.22B net income attributable to MPC, down 20% y/y but with diluted EPS steady at $3.96 on fewer shares. Midstream strength lifted adjusted EBITDA 1% y/y to $1.64B, fueled by higher throughputs and the Whiptail acquisition for $237M cash in March, adding gathering assets without disclosed goodwill. Cash fell to $1.67B from $3.21B year-start, with operating cash flow at $2.58B for H1 (down from $4.77B) and free cash flow of $1.22B derived from $1.36B capex; total debt rose to $28.7B with $5.1B revolver availability. Renewable Diesel narrowed losses to $19M adjusted EBITDA, up from $27M, on higher credits despite lower margins. Climate lawsuits in multiple states pose ongoing litigation risks.
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