---
schema_version: "secwatch.filing_event.v1"
accession: "0001510295-22-000075"
form_type: "8-K"
ticker: "MPC"
cik: "0001510295"
company_name: "Marathon Petroleum Corp"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T18:03:20.518987+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MPC Q3 net income $4.5B ($9.06/diluted); raises dividend 30% to $0.75/share

## Summary
- Net income $4.5B vs $694M YoY; adjusted net income $3.9B ($7.81/diluted) vs $464M ($0.73) last year.
- Adjusted EBITDA $6.8B vs $2.4B YoY; R&M segment margin $30.21/barrel, utilization 98%.
- Completed $15B share repurchase commitment, repurchased ~30% of outstanding shares; ~$5B remaining under authorizations.
- Quarterly dividend increased ~30% to $0.75/share, payable Dec 12 to holders of record Nov 16.
- Martinez Renewables JV with Neste closed Sept 21; initial renewable capacity 260M gal/yr by year-end 2022.

## SEC filing metadata
- accession: 0001510295-22-000075
- form_type: 8-K
- ticker: MPC
- cik: 0001510295
- company_name: Marathon Petroleum Corp
- filed_at: 2022-11-01T23:59:59+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/1510295/000151029522000075/0001510295-22-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1510295/000151029522000075/mpc-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001510295-22-000075
- JSON: https://secwatch.observer/filing/0001510295-22-000075.json
- Plain text: https://secwatch.observer/filing/0001510295-22-000075.txt

## Key facts
- Earnings Releases
  Marathon Petroleum Corp reported the third quarter of 2022 results: net income $4.5 billion, EPS $9.06 per diluted share.
  - Period: the third quarter of 2022
  - Net income: $4.5 billion
  - EPS: $9.06 per diluted share
  - Result: reported results
  source text: Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $4.5 billion, or $9.06 per diluted share, for the third quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1510295/000151029522000075/0001510295-22-000075-index.htm

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