MPC Q3 net income $3.3B ($8.28/diluted); raises dividend 10%; adds $5B buyback

Marathon Petroleum Corp

2023-Q3 EPS reported $19.57 revenue$112,124,000,000

Net income $3.3B, $8.28/diluted; adjusted $3.2B, $8.14/adjusted diluted.
Adjusted EBITDA $5.7B; net cash from operations $5.0B.
Returned $3.1B to shareholders: $2.8B buybacks, $297M dividends.
Dividend raised 10% to $0.825/share; Board approved $5B additional buyback authorization.
R&M segment adjusted EBITDA $4.4B vs $5.5B YoY on lower crack spreads; Midstream flat at $1.5B.

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 Q3 2023 results: net income $3.3 billion, EPS $8.28.

Period: Q3 2023
Net income: $3.3 billion
EPS: $8.28
Result: reported results

Exact text from the filing

Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $3.3 billion, or $8.28 per diluted share, for the third quarter of 2023, compared with net income attributable to MPC of $4.5 billion, or $9.06 per diluted share, for the third quarter of 2022.

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Source: SEC EDGAR

accession 0001510295-23-000076

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