---
schema_version: "secwatch.filing_event.v1"
accession: "0001510295-21-000125"
form_type: "8-K"
ticker: "MPC"
cik: "0001510295"
company_name: "Marathon Petroleum Corp"
filed_at: "2021-11-02T23:59:59+00:00"
generated_at: "2026-06-28T15:04:32.027341+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001510295-21-000125
- form_type: 8-K
- ticker: MPC
- cik: 0001510295
- company_name: Marathon Petroleum Corp
- filed_at: 2021-11-02T23:59:59+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/1510295/000151029521000125/0001510295-21-000125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1510295/000151029521000125/mpc-20211102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001510295-21-000125
- JSON: https://secwatch.observer/filing/0001510295-21-000125.json
- Plain text: https://secwatch.observer/filing/0001510295-21-000125.txt

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