Marathon Petroleum Corporation

MPC

Equity

ISIN US56585A1025 / Valor 13105779

New York Stock Exchange, Inc (2025-01-10)

USD 142.27-0.04%

Marathon Petroleum Corporation
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About company

Marathon Petroleum Corporation (MPC) is a prominent integrated downstream energy company based in Findlay, Ohio, with the nation's largest refining system. The company's marketing system encompasses branded locations nationwide, including Marathon brand retail outlets. Additionally, MPC holds the general partner and majority limited partner interest in MPLX LP, a midstream company engaged in gathering, processing, and fractionation activities, as well as crude oil and light product transportation and logistics infrastructure.

Summarized from source with an LLMView SourceSector: Energy

Net Income

Marathon Petroleum Corporation reported a net income attributable to the company of $622 million, or $1.87 per diluted share, for the third quarter of 2024. This is a significant decrease compared to the net income of $3.3 billion, or $8.28 per diluted share, reported for the same quarter in 2023.

Adjusted EBITDA

The adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for Marathon Petroleum Corporation in the third quarter of 2024 was $2.5 billion. This represents a decline from the $5.7 billion adjusted EBITDA reported in the third quarter of 2023.

Refining & Marketing Segment

Marathon Petroleum Corporation's Refining & Marketing segment reported an adjusted EBITDA of $1.1 billion for the third quarter of 2024, down from $4.4 billion in the same period of 2023. The decrease was primarily due to lower market crack spreads.

Midstream Segment

The Midstream segment of Marathon Petroleum Corporation achieved an adjusted EBITDA of $1.6 billion in the third quarter of 2024, showing an increase from $1.5 billion in the third quarter of 2023. This growth was driven by higher rates and volumes, as well as contributions from recently acquired assets.

Shareholder Returns

During the third quarter of 2024, Marathon Petroleum Corporation returned approximately $3.0 billion to shareholders through $2.7 billion in share repurchases and $273 million in dividends. Additionally, the company announced a 10% increase in its quarterly dividend and an additional $5 billion share repurchase authorization.

Summarized from source with an LLMView Source

Key figures

-6.92%1Y

102%3Y

136%5Y

Performance

29.4%1Y

32.2%3Y

47.7%5Y

Volatility