Financial Performance - Adjusted EBITDA was $1.975 billion[10], supported by the strength of the Midstream business[8]。 - The company reported a net loss attributable to MPC of $74 million[10, 12]。 - $1.3 billion of capital was returned to shareholders, including $1.057 billion in share repurchases[9, 10]。 - Cash flow from operations, excluding changes in working capital, was $1.010 billion[10]。 Segment Performance - Refining & Marketing (R&M) segment adjusted EBITDA was $489 million[15]。 - Midstream segment adjusted EBITDA increased 8% year-over-year to $1.720 billion[21, 22]。 - Renewable Diesel segment reported an adjusted EBITDA loss of $42 million[25]。 Outlook - Second-quarter 2025 crude throughput is projected at 2.775 million barrels per day (MBPD)[30]。 - Total throughput for the second quarter of 2025 is expected to be 2.945 MBPD[30]。 - Turnaround costs for the second quarter are estimated at $265 million[30]。

[Q1 2025 Performance Overview](index=1&type=section&id=Q1%202025%20Performance%20Overview) Marathon Petroleum Corp. reported a net loss in Q1 2025 due to significant planned maintenance, offset by strong Midstream performance and capital returns [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Marathon Petroleum Corp. reported a net loss of $(74) million in Q1 2025, primarily due to planned maintenance, offset by strong Midstream adjusted EBITDA and $1.3 billion in shareholder returns Financial Metrics | Financial Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Income (Loss) Attributable to MPC (millions) | $(74) million | $937 million | | Diluted EPS ($) | $(0.24) | $2.58 | | Adjusted EBITDA (billions) | $2.0 billion | $3.3 billion | - The quarter's results were heavily impacted by the execution of the second-largest planned maintenance quarter in the company's history[5](index=5&type=chunk)[6](index=6&type=chunk) - The company returned approximately **$1.3 billion** of capital to shareholders, which included **$1.1 billion** in share repurchases[6](index=6&type=chunk)[14](index=14&type=chunk) - The Midstream business demonstrated strong performance, with an **8% year-over-year increase** in segment adjusted EBITDA[5](index=5&type=chunk) [Segment Performance](index=2&type=section&id=Segment%20Performance) Q1 2025 segment performance was mixed, with Midstream showing robust growth, Refining & Marketing experiencing a sharp decline, and Renewable Diesel significantly narrowing its loss Segment Adjusted EBITDA | Segment Adjusted EBITDA (millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Refining & Marketing | $489 | $1,986 | | Midstream | $1,720 | $1,589 | | Renewable Diesel | $(42) | $(90) | [Refining & Marketing (R&M)](index=2&type=section&id=Refining%20%26%20Marketing%20(R%26M)) The R&M segment's adjusted EBITDA fell sharply to $489 million in Q1 2025, primarily due to lower market crack spreads and a significant drop in R&M margin R&M Operating Metrics | R&M Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Segment Adjusted EBITDA (millions) | $489 million | $2.0 billion | | R&M Margin per barrel ($) | $13.38 | $19.35 | | Crude Capacity Utilization (%) | 89% | 82% | | Total Throughput (million bpd) | 2.8 million | 2.66 million | | Refining Operating Costs per barrel ($) | $5.74 | $6.06 | - The decrease in segment adjusted EBITDA was primarily driven by lower market crack spreads[8](index=8&type=chunk) - Refining planned turnaround costs totaled **$454 million** for the quarter, down from **$647 million** in Q1 2024[8](index=8&type=chunk) [Midstream](index=2&type=section&id=Midstream) The Midstream segment delivered strong results, with adjusted EBITDA increasing to $1.7 billion, driven by higher throughputs and contributions from equity affiliates - Segment adjusted EBITDA grew to **$1.7 billion** in Q1 2025, up from **$1.6 billion** in Q1 2024[10](index=10&type=chunk) - The positive results were mainly driven by higher throughputs and growth from equity affiliates[10](index=10&type=chunk) [Renewable Diesel](index=2&type=section&id=Renewable%20Diesel) The Renewable Diesel segment significantly improved, narrowing its adjusted EBITDA loss to $(42) million due to increased utilization and higher margins - Segment adjusted EBITDA loss improved to **$(42) million** in Q1 2025, compared to a **$(90) million** loss in Q1 2024[11](index=11&type=chunk) - The improved performance was driven by increased utilization at the Martinez Renewables facility and higher margins[11](index=11&type=chunk) [Financial Position and Capital Management](index=2&type=section&id=Financial%20Position%20and%20Capital%20Management) MPC maintained a solid financial position with $3.8 billion in cash, refinanced debt, and returned $1.3 billion to shareholders in Q1 2025 - As of March 31, 2025, the company held **$3.8 billion** in cash and cash equivalents and had **$5 billion** available on its bank revolving credit facility[13](index=13&type=chunk) - In February 2025, the company issued **$2.0 billion** in unsecured senior notes to refinance upcoming debt maturities[14](index=14&type=chunk) - The company returned **$1.3 billion** to shareholders in Q1 and has **$6.7 billion** available under its current share repurchase authorizations[14](index=14&type=chunk) [Strategic Update and Growth Projects](index=4&type=section&id=Strategic%20Update%20and%20Growth%20Projects) MPC is advancing strategic projects across segments, including refinery upgrades and significant Midstream expansions like acquiring BANGL and sanctioning the Traverse pipeline - Refining Projects: Los Angeles utility modernization (year-end 2025), Robinson jet fuel optimization (year-end 2026), and Galveston Bay DHT (year-end 2027) aim to enhance margins and efficiency[15](index=15&type=chunk)[18](index=18&type=chunk) - Midstream - Newly Announced Projects: MPLX to acquire remaining **55% stake** in BANGL pipeline for **$715 million**, and final investment decision for new **1.75 bcf/d** Traverse natural gas pipeline expected in service in 2027[16](index=16&type=chunk)[18](index=18&type=chunk) - Midstream - Ongoing Projects: Two new **150k bpd** Gulf Coast Fractionators (2028, 2029), increased stake in Matterhorn Express Pipeline to **10%**, and added processing capacity in Permian and Marcellus (Q4 2025, H2 2026)[17](index=17&type=chunk)[18](index=18&type=chunk)[21](index=21&type=chunk) [Q2 2025 Outlook](index=5&type=section&id=Q2%202025%20Outlook) For Q2 2025, MPC anticipates total refinery throughputs of approximately 2.95 million barrels per day, with planned turnaround costs of $265 million Q2 2025 Outlook Metrics | Q2 2025 Outlook Metric | Value | | :--- | :--- | | **Refining & Marketing Segment** | | | Total Refinery Throughputs (mbpd) | 2,945 | | Refining Operating Costs per barrel ($) | $5.30 | | Refining Planned Turnaround Costs (millions) | $265 million | | Distribution Costs (millions) | $1,525 million | | **Corporate** | | | Corporate Expenses (millions) | $220 million | [Appendix: Detailed Financials and Operating Data](index=9&type=section&id=Appendix%3A%20Detailed%20Financials%20and%20Operating%20Data) This appendix provides comprehensive financial statements, detailed operating statistics, and non-GAAP reconciliations for a deeper understanding of Q1 2025 performance [Consolidated Financial Statements](index=9&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements show a net loss of $(74) million for Q1 2025 and an increase in total capital expenditures to $776 million, primarily in Midstream [Consolidated Statements of Income](index=9&type=section&id=Consolidated%20Statements%20of%20Income) For Q1 2025, total revenues were $31.85 billion, with income from operations decreasing significantly, resulting in a net loss attributable to MPC of $(74) million Income Statement | Income Statement (millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total revenues and other income | $31,850 | $33,211 | | Income from operations | $687 | $1,784 | | Net income | $346 | $1,312 | | Net income (loss) attributable to MPC | $(74) | $937 | [Capital Expenditures and Investments](index=9&type=section&id=Capital%20Expenditures%20and%20Investments) Total capital expenditures and investments increased to $776 million in Q1 2025, with the Midstream segment accounting for the largest portion at $386 million Capital Expenditures | Capital Expenditures (millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Refining & Marketing | $362 | $290 | | Midstream | $386 | $327 | | Renewable Diesel | $1 | $1 | | Corporate | $27 | $18 | | **Total** | **$776** | **$636** | [Operating Statistics](index=10&type=section&id=Operating%20Statistics) Operating statistics reveal a decline in R&M margin to $13.38 per barrel, increased Midstream throughputs, and a positive Renewable Diesel margin of $26 million [Refining & Marketing Operating Statistics](index=10&type=section&id=Refining%20%26%20Marketing%20Operating%20Statistics) In Q1 2025, the R&M margin decreased to $13.38 per barrel, despite increased net refinery throughputs, with the West Coast showing the highest regional margin R&M Operating Metrics | R&M Operating Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | R&M Margin per barrel ($) | $13.38 | $19.35 | | Net Refinery Throughputs (mbpd) | 2,849 | 2,656 | | Crude Oil Capacity Utilization (%) | 89% | 82% | R&M Margin by Region | R&M Margin by Region ($/bbl) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Gulf Coast | $11.75 | $18.81 | | Mid-Continent | $13.03 | $18.75 | | West Coast | $17.94 | $22.17 | [Midstream Operating Statistics](index=13&type=section&id=Midstream%20Operating%20Statistics) The Midstream segment experienced broad-based volume growth in Q1 2025, with pipeline throughputs increasing to 6,022 mbpd and natural gas processed volumes rising Midstream Throughput | Midstream Throughput | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Pipeline Throughputs (mbpd) | 6,022 | 5,389 | | Terminal Throughputs (mbpd) | 3,095 | 2,930 | | Natural Gas Processed (mmcf/d) | 9,781 | 9,371 | | NGLs Fractionated (mbpd) | 660 | 632 | [Renewable Diesel Financial Data](index=14&type=section&id=Renewable%20Diesel%20Financial%20Data) The Renewable Diesel segment's financial performance improved in Q1 2025, with its margin turning positive to $26 million, contributing to a smaller adjusted EBITDA loss Renewable Diesel Data | Renewable Diesel Data (millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Renewable Diesel Margin | $26 | $(5) | | Operating Costs | $70 | $67 | | Segment Adjusted EBITDA | $(42) | $(90) | [Non-GAAP Reconciliations](index=15&type=section&id=Non-GAAP%20Reconciliations) The company provides non-GAAP reconciliations, including Adjusted EBITDA of $1.975 billion for Q1 2025, to offer a clearer view of operating performance - Management uses non-GAAP measures like Adjusted EBITDA to assess financial performance, excluding items such as interest, taxes, depreciation, amortization, and planned turnaround costs for better comparability[39](index=39&type=chunk)[40](index=40&type=chunk) Reconciliation to Adjusted EBITDA | Reconciliation to Adjusted EBITDA (millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income (loss) attributable to MPC | $(74) | $937 | | Add: Noncontrolling interests | $420 | $375 | | Add: Provision for income taxes | $37 | $293 | | Add: Net interest and other financial costs | $304 | $179 | | Add: Depreciation and amortization | $815 | $849 | | Add: Planned turnaround costs | $473 | $648 | | **Adjusted EBITDA** | **$1,975** | **$3,281** |

Core Insights - Marathon Petroleum Corp. reported a net loss of $74 million, or $0.24 per diluted share, for Q1 2025, a significant decline from a net income of $937 million, or $2.58 per diluted share, in Q1 2024 [1][9][28] - Adjusted EBITDA for Q1 2025 was $2.0 billion, down from $3.3 billion in Q1 2024, reflecting the impact of planned maintenance and market conditions [2][3][50] Financial Performance - The refining and marketing segment adjusted EBITDA was $489 million in Q1 2025, compared to $1.986 billion in Q1 2024, with a margin of $1.91 per barrel versus $8.22 per barrel in the prior year [5][6][31] - Midstream segment adjusted EBITDA increased to $1.720 billion in Q1 2025 from $1.589 billion in Q1 2024, driven by higher throughput and growth from equity affiliates [10][3] - Renewable diesel segment adjusted EBITDA improved to $(42) million in Q1 2025 from $(90) million in Q1 2024, attributed to increased utilization and higher margins [11][44] Operational Highlights - The company executed its second-largest planned maintenance quarter in history, which contributed to the net loss [9][3] - Refining capacity utilization was 89%, with total throughput of 2.8 million barrels per day in Q1 2025 [7][33] - The company returned approximately $1.3 billion to shareholders, including $1.1 billion in share repurchases [9][14] Strategic Developments - The company is focusing on high-return investments in its refining operations, including projects at its Los Angeles, Galveston Bay, and Robinson refineries [15][17] - MPLX, a subsidiary, announced the acquisition of the remaining 55% of BANGL, LLC for $715 million, enhancing its natural gas liquids transportation capabilities [16][18] - The Traverse Pipeline project, designed to transport 1.75 billion cubic feet per day of natural gas, has reached a final investment decision and is expected to be operational by 2027 [16][18] Financial Position - As of March 31, 2025, the company had $3.8 billion in cash and cash equivalents, with $5 billion available on its bank revolving credit facility [13][14] - The company issued $2.0 billion in unsecured senior notes to refinance maturing debt [14][46] Market Outlook - The refining and marketing segment is expected to see improved margins due to seasonal demand trends [3][20] - The company remains optimistic about its long-term outlook, aiming to deliver peer-leading capital returns [3][9]

Core Viewpoint - Marathon Petroleum (MPC) is expected to report a quarterly loss of $0.63 per share, a decline of 122.7% year-over-year, with revenues forecasted at $30.09 billion, down 9.4% from the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised 4.1% lower in the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are strongly linked to short-term stock price performance [3]. Key Metrics Forecast - Analysts predict 'Refining & Marketing - Refinery throughputs - Net refinery throughput' at 2,765.67 million barrels per day, up from 2,664 million barrels per day a year ago [5]. - The estimate for 'Refining & Marketing - Refinery throughputs - Crude oil refined' is 2,513.68 million barrels per day, compared to 2,427 million barrels per day last year [5]. - 'Refining & Marketing - Refinery throughputs - Other charge and blendstocks' is expected to reach 250.81 million barrels per day, up from 237 million barrels per day in the same quarter last year [6]. - The consensus estimate for 'Income from operations- Refining & Marketing' is -$561.74 million, down from $766 million year-over-year [6]. - 'Income from operations- Midstream' is forecasted at $1.34 billion, compared to $1.25 billion last year [7]. - 'Adjusted EBITDA- Refining & Marketing' is expected to be $286.27 million, significantly lower than $1.87 billion from the previous year [7]. - 'Adjusted EBITDA- Midstream' is projected at $1.68 billion, compared to $1.59 billion in the same quarter last year [8]. Stock Performance - Over the past month, shares of Marathon Petroleum have increased by 7.1%, while the Zacks S&P 500 composite has decreased by 0.5% [9]. - Currently, MPC holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [9].

Company Performance - Marathon Petroleum (MPC) closed at $138.31, with a +0.53% change from the previous day, underperforming the S&P 500's gain of 0.58% [1] - Over the last month, MPC shares decreased by 5.57%, compared to the Oils-Energy sector's loss of 8.92% and the S&P 500's loss of 0.84% [1] Upcoming Financial Results - The company is set to announce its earnings on May 6, 2025, with projected earnings per share (EPS) of -$0.63, indicating a 122.66% decrease from the same quarter last year [2] - Revenue is expected to be $30.09 billion, reflecting a 9.41% decline from the equivalent quarter last year [2] Full Year Projections - For the full year, the Zacks Consensus Estimates project earnings of $7.50 per share and revenue of $123.3 billion, representing changes of -21.14% and -12.19% from the prior year, respectively [3] Analyst Projections - Recent shifts in analyst projections for Marathon Petroleum should be monitored, as they reflect short-term business trends and can indicate analyst optimism regarding the company's profitability [4] Stock Performance and Ranking - The Zacks Rank system, which evaluates estimated changes, currently ranks Marathon Petroleum at 3 (Hold) [6] - Over the past month, the Zacks Consensus EPS estimate has increased by 1.2% [6] Valuation Metrics - Marathon Petroleum has a Forward P/E ratio of 18.34, which is a premium compared to the industry average of 15.39 [7] - The company has a PEG ratio of 3.06, while the Oil and Gas - Refining and Marketing industry has an average PEG ratio of 1.36 [8] Industry Context - The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector and holds a Zacks Industry Rank of 83, placing it in the top 34% of over 250 industries [9]

The market expects Marathon Petroleum (MPC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 6, 2025, might help the stock move higher if these key numbers are ...

Group 1 - Pegasus Tech Ventures will host a Startup Pitch Contest during San Francisco Climate Week on April 23, 2025, focusing on emerging energy solutions [1] - The winning startup will receive an invitation to the Startup World Cup Grand Finale, competing for a $1,000,000 investment [1] - The regional Startup Pitch Contest is co-sponsored by Marathon Petroleum Corporation, the largest fuels manufacturer in the U.S. [3] Group 2 - Marathon Petroleum and Pegasus Tech Ventures are collaborating to identify and invest in emerging technology companies within the energy sector [4] - This partnership aims to enhance operational performance and embed sustainability throughout Marathon Petroleum's value chain [4] - Marathon Petroleum has invested in several emerging technology companies with the support of Pegasus Tech Ventures [4] Group 3 - Pegasus Tech Ventures operates with over $2 billion in assets under management and has invested in over 270 companies globally [6] - The firm offers a unique Venture Capital-as-a-Service (VCaaS) model for corporations seeking to partner with innovative technology startups [6] - Pegasus Tech Ventures has partnered with over 40 corporations, including Marathon, ASUS, and SEGA [6] Group 4 - The Startup World Cup is the leading startup pitch competition globally, hosting over 100 regional events across more than 60 countries [7] - The Grand Finale of the Startup World Cup will take place on October 17, 2025, in San Francisco [7] - Winning startups from regional events compete for a $1 million cash investment at the Grand Finale [7] Group 5 - The Startup Pitch Contest will focus on areas such as energy industry modernization, energy supply chain optimization, artificial intelligence, machine learning, and climate technologies [8]

Over the past two weeks, the world has been shaken into a new paradigm as President Trump has rolled out an aggressive new plan for global trade through tariffs between the United States and its biggest trading partners. While reports suggest that most countries have approached the United States to negotiate the state of these tariffs, one loose end is still filling markets with uncertainty. And that country is China. Marathon Petroleum TodayMPCMarathon Petroleum$124.87 +1.44 (+1.17%) 52-Week Range$115.10▼ ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Marathon Petroleum (MPC) . This company, which is in the Zacks Oil and Gas - Refining and Marketing industry, shows potential for another earnings beat.This refiner has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past t ...

Core Insights - Marathon Petroleum Corporation (NYSE: MPC) operates with a unique business posture, particularly in its relationship with its transportation arm, MPLX [1] Company Overview - Marathon Petroleum has a well-operated transportation segment that complements its refining operations, which is often misunderstood by investors [1] Analyst Background - The article reflects the author's extensive experience in investment and process control engineering, providing a seasoned perspective on the market [1]