---
schema_version: "secwatch.filing_event.v1"
accession: "0001510295-24-000065"
form_type: "8-K"
ticker: "MPC"
cik: "0001510295"
company_name: "Marathon Petroleum Corp"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:14:26.101315+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001510295-24-000065
- form_type: 8-K
- ticker: MPC
- cik: 0001510295
- company_name: Marathon Petroleum Corp
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1510295/000151029524000065/0001510295-24-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1510295/000151029524000065/mpc-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001510295-24-000065
- JSON: https://secwatch.observer/filing/0001510295-24-000065.json
- Plain text: https://secwatch.observer/filing/0001510295-24-000065.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.