Marathon Petroleum Q2 net income $1.5B, down from $2.2B YoY; adjusted EBITDA $3.4B

Marathon Petroleum Corp

2024-Q2 EPS reported $6.88 revenue$70,620,000,000

Net income $1.5B ($4.33 diluted EPS); adjusted net income $1.4B ($4.12 EPS).
Adjusted EBITDA $3.4B vs $4.5B in Q2 2023; R&M segment fell to $2.0B from $3.2B.
Midstream segment adjusted EBITDA $1.6B, up 6% YoY on higher rates, volumes, and acquisitions.
Returned $3.2B to shareholders ($2.9B share repurchases, $290M dividends); $5.8B remaining under buyback authorizations.
Q3 2024 outlook: total throughput 2,845 mbpd, refining op cost $5.35/bbl, turnaround costs $330M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.