Marathon Petroleum Q1 Loss Narrower Than Expected, Revenues Beat

Independent oil refiner and marketer Marathon Petroleum Corporation (MPC) reported a first-quarter 2025 adjusted loss per share of 24 cents, narrower than the Zacks Consensus Estimate of a loss of 63 cents. This primarily reflects the stronger-than-expected performance of its Refining & Marketing segment. The adjusted EBITDA of the segment totaled $489 million, surpassing the consensus mark of$286 million on the back of lower costs and higher throughput.However, the company’s bottom line fell sharply from ...