MPC Q1 2023 net income $2.7B ($6.09 EPS) vs $845M YoY; adj. EBITDA $5.2B; adds $5B buyback auth.

Marathon Petroleum Corp

2023-Q1 EPS reported $6.09 revenue$34,864,000,000

Net income $2.7B ($6.09 diluted EPS) vs $845M ($1.49) YoY; adjusted EBITDA $5.2B vs $2.6B.
Returned $3.5B to shareholders: $3.2B buybacks and $337M dividends; additional $5B buyback authorization approved, total $9B available.
Refining & Marketing segment adjusted EBITDA $3.85B ($15.09/barrel) vs $1.37B ($5.39/bbl); crude utilization 89%, throughput 2.8M bpd.
Martinez Renewables Phase I at full capacity (260M gal/yr); Phase II on track; Galveston Bay STAR project started, adding 40k bpd crude capacity.
Q2 2023 outlook: throughput ~2.86M bpd, operating costs $5.20/bbl, turnaround costs $400M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Marathon Petroleum Corp reported the first quarter of 2023 results: net income net income attributable to MPC of $2.7 billion, EPS $6.09 per diluted share.

Period: the first quarter of 2023
Net income: net income attributable to MPC of $2.7 billion
EPS: $6.09 per diluted share
Result: reported results

Exact text from the filing

Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $2.7 billion, or $6.09 per diluted share, for the first quarter of 2023

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Source: SEC EDGAR

accession 0001510295-23-000045

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