secwatch.observer — SEC 8-K summary
======================================

Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001510295-23-000067
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029523000067/0001510295-23-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029523000067/mpc-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001510295-23-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer