secwatch.observer — SEC 8-K summary
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Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001510295-24-000065
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 $1.5B, down from $2.2B YoY; adjusted EBITDA $3.4B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029524000065/0001510295-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029524000065/mpc-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001510295-24-000065

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