R&M Margin Indicator Midstream Return of Capital to Noncontrolling Interests (a) First-Quarter 2024 Outlook 20 (a) Income taxes for adjusted earnings were calculated by applying a combined federal and state statutory tax rate of 22% to the pre-tax adjustments. The corresponding adjustments to reported income taxes are shown in the table. Segment Income from Operations to Segment Adjusted EBITDA and Adjusted EBITDA 29 100% Solid commercial execution 1,500 5,000 Superior Cash Flow Generation | --- | --- | --- ...

Marathon Petroleum Corporation (NYSE:MPC) Q4 2023 Earnings Conference Call January 30, 2024 11:00 AM ET Company Participants Kristina Kazarian - Investor Relations Mike Hennigan - Chief Executive Officer Maryann Mannen - President John Quaid - Chief Financial Officer Rick Hessling - Chief Commercial Officer Conference Call Participants Neil Mehta - Goldman Sachs Manav Gupta - UBS Doug Leggate - Bank of America Securities Paul Cheng - Scotiabank Roger Read - Wells Fargo John Royall - JPMorgan Theresa Chen - ...

For the quarter ended December 2023, Marathon Petroleum (MPC) reported revenue of $36.82 billion, down 8.2% over the same period last year. EPS came in at $3.98, compared to $6.65 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $33.73 billion, representing a surprise of +9.18%. The company delivered an EPS surprise of +68.64%, with the consensus EPS estimate being $2.36.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

FINDLAY, Ohio, Jan. 30, 2024 /PRNewswire/ --  Fourth-quarter net income attributable to MPC of $1.5 billion, or $3.84 per diluted share; adjusted net income of $1.5 billion, or $3.98 per adjusted diluted share Full-year 2023 net income attributable to MPC of $9.7 billion, or $23.63 per diluted share; adjusted net income of $9.7 billion, or $23.63 per adjusted diluted share Full-year net cash provided by operating activities of $14.1 billion, supporting the return of $12.8 billion of capital to shareholders ...

Investors are always looking for stocks that are poised to beat at earnings season and Marathon Petroleum Corporation (MPC) , may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Marathon Petroleum is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possib ...

FINDLAY, Ohio, Jan. 26, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) announced today that its annual meeting of shareholders will take place April 24, 2024, at 10 a.m. ET in a virtual-only format via live webcast. Shareholders of record as of March 1, 2024, are entitled to notice of and to vote at the annual meeting. The company's proxy statement will include additional information regarding how shareholders may access and participate in the virtual annual meeting. About Marathon Petroleum Corp ...

FINDLAY, Ohio, Jan. 26, 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 March 11, 2024, to shareholders of record as of the close of business Feb. 21, 2024. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations ...

Marathon Petroleum Corp.'s Quarterly Forecast  Analysts' Estimates for Q4 2023 Q3 2023 Q4 2022 Revenue $35.2B $41.6B $40.1B Diluted EPS $2.22 $8.28 $7.09 Net income $835.9M $3.2B $3.1BSource: Visible AlphaPretax profit in the company's midstream pipeline unit likely rose 9% to $1.2 billion, according to Visible Alpha. But pretax earnings in its refining and marketing division, typically accounting for the bulk of Marathon's income, are projected to drop 86% to $566 million.U.S. retail gasoline prices fell t ...

Marathon Petroleum Corporation (MPC) is set to release fourth-quarter results on Jan 30. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $2.36 per share on revenues of $33.7 billion.Let’s delve into the factors that might have influenced the independent oil refiner and marketer’s results in the December quarter. But it’s worth taking a look at MPC’s previous-quarter performance first.Highlights of Q3 Earnings & Surprise HistoryIn the last reported quarter, the Findlay, OH- ...

In the latest market close, Marathon Petroleum (MPC) reached $153.97, with a -0.3% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.29%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq added 0.43%.Heading into today, shares of the refiner had gained 2.37% over the past month, outpacing the Oils-Energy sector's loss of 5.56% and the S&P 500's gain of 2.08% in that time.Investors will be eagerly watching for the performance of Marathon Petroleu ...