{"schema_version":"secwatch.filing_event.v1","accession":"0001510295-24-000045","form_type":"8-K","ticker":"MPC","cik":"0001510295","company_name":"Marathon Petroleum Corp","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.748482+00:00","generated_at":"2026-06-03T04:20:16.559015+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Marathon Petroleum Q1 net income $937M ($2.58 EPS), down 65% YoY; adds $5B buyback","bullets":["Net income $937M ($2.58 diluted EPS) vs $2.7B ($6.09) in Q1 2023; adjusted EBITDA $3.3B vs $5.2B.","Returned $2.5B to shareholders: $2.2B buybacks + $299M dividends; Board approved additional $5B repurchase authorization (total ~$8.8B available).","R&M segment adj EBITDA $1.9B ($7.73/bbl), down from $3.9B ($15.09/bbl) as planned turnarounds cut utilization to 82%.","Midstream segment adj EBITDA $1.6B, up from $1.5B; MPLX acquired Utica midstream assets for $625M and advanced Permian/Marcellus plants.","Q2 2024 outlook: R&M throughput ~2.97M bpd, turnaround costs $200M, operating costs $4.95/bbl, corporate expense $200M."],"urls":{"canonical":"https://secwatch.observer/filing/0001510295-24-000045","json":"https://secwatch.observer/filing/0001510295-24-000045.json","markdown":"https://secwatch.observer/filing/0001510295-24-000045.md","text":"https://secwatch.observer/filing/0001510295-24-000045.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1510295/000151029524000045/0001510295-24-000045-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1510295/000151029524000045/mpc-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T04:20:16.559015+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cb22932a20877734da8816435a5cdb8e6c4ef6fd","claim":"Marathon Petroleum Corp reported first quarter of 2024 results: net income $937 million, EPS $2.58 per diluted share.","evidence_excerpt":"Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $937 million, or $2.58 per diluted share, for the first quarter of 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1510295/000151029524000045/0001510295-24-000045-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024"},{"label":"Net income","value":"$937 million"},{"label":"EPS","value":"$2.58 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}