---
schema_version: "secwatch.filing_event.v1"
accession: "0001510295-21-000111"
form_type: "8-K"
ticker: "MPC"
cik: "0001510295"
company_name: "Marathon Petroleum Corp"
filed_at: "2021-08-04T23:59:59+00:00"
generated_at: "2026-06-29T22:33:10.774818+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Marathon Petroleum Q2 adj EPS $0.67 vs -$1.33 YoY; sold Speedway, to repurchase $9B in shares

## Summary
- Net income $8.5B ($13.00 diluted EPS) includes $11.6B pre-tax gain on Speedway sale; adjusted net income $437M ($0.67).
- Closed $21B Speedway sale to 7-Eleven; repurchased ~$1B shares via Dutch auction; plans $9B more repurchases over 12-16 months.
- R&M segment income $224M vs -$1.5B YoY on higher crack spreads; crude throughput 2.9M bpd at 94% utilization.
- Midstream segment income $977M vs $869M YoY; Dickinson renewable diesel reached 184M gal/yr design capacity.
- Debt reduced by $3.3B to $9.1B; debt-to-capital ratio 24%; Q3 R&M throughput guidance 2.8M bpd.

## SEC filing metadata
- accession: 0001510295-21-000111
- form_type: 8-K
- ticker: MPC
- cik: 0001510295
- company_name: Marathon Petroleum Corp
- filed_at: 2021-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1510295/000151029521000111/0001510295-21-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1510295/000151029521000111/mpc-20210804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001510295-21-000111
- JSON: https://secwatch.observer/filing/0001510295-21-000111.json
- Plain text: https://secwatch.observer/filing/0001510295-21-000111.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.