Marathon Petroleum Q2 net income $2.2B, adj. EBITDA $4.5B; returned $3.4B

Marathon Petroleum Corp

2023-Q2 EPS reported $11.44 revenue$71,207,000,000

Net income attributable to MPC of $2.2B ($5.32 diluted EPS) vs $5.9B ($10.95) in Q2 2022.
Adjusted EBITDA of $4.5B, down from $9.1B YoY; R&M segment drove decline on lower margins.
Net cash from operations $4.0B; returned $3.4B via $3.1B buybacks and $316M dividends.
Midstream adj. EBITDA grew to $1.53B from $1.46B on higher throughputs and rates.
Q3 2023 outlook: throughput ~2.93M bpd, turnaround costs $120M, operating costs $5.10/bbl.

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 0.9

Marathon Petroleum Corp reported second quarter of 2023 results: net income net income attributable to MPC of $2.2 billion, EPS $5.32 per diluted share.

Period: second quarter of 2023
Net income: net income attributable to MPC of $2.2 billion
EPS: $5.32 per diluted share
Result: reported results

Exact text from the filing

Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $2.2 billion, or $5.32 per diluted share, for the second quarter of 2023

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Source: SEC EDGAR

accession 0001510295-23-000067

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