Marathon Petroleum Q3 net income $694M ($1.09 EPS) vs. loss a year ago; initiates debt redemption

Marathon Petroleum Corp

2021-Q3 EPS reported $13.81 revenue$84,647,000,000

Reported net income of $694M ($1.09 diluted EPS) vs. net loss of $886M ($1.36 loss) in Q3 2020.
Adjusted net income of $464M ($0.73 diluted EPS); R&M segment income from ops $509M vs. loss $1.6B.
Pursuing strategic alternatives for Kenai refinery; progressed Martinez renewable diesel conversion.
MPLX declared $1.28/unit distribution (base + special); MPC expects $829M in distributions.
Completed ~25% of $10B capital return program; committed to repurchase remaining $7.5B by end 2022.

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