---
schema_version: "secwatch.filing_event.v1"
accession: "0001510295-24-000078"
form_type: "8-K"
ticker: "MPC"
cik: "0001510295"
company_name: "Marathon Petroleum Corp"
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:18:37.101064+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Marathon Petroleum Q3 net income $622M ($1.87/diluted), down 81% YoY; dividend raised 10%

## Summary
- Net income $622M vs $3.3B YoY; adjusted EBITDA $2.5B vs $5.7B; refining margins fell to $14.35/bbl from $26.16/bbl.
- Returned $3.0B to shareholders in Q3: $2.7B buybacks + $273M dividends; board approved additional $5B buyback authorization.
- Quarterly dividend increased 10% to $0.91/share, payable Dec 10 to holders of record Nov 20; MPC expects $2.5B annual MPLX distributions.
- Midstream segment adjusted EBITDA $1.6B (+6% YoY) driven by Permian/Marcellus growth; MPLX capacity expansions on track.
- Q4 outlook: crude throughput ~2.65M bpd, refining costs $5.50/bbl, turnaround costs $285M; FY capex includes high-return refinery projects.

## SEC filing metadata
- accession: 0001510295-24-000078
- form_type: 8-K
- ticker: MPC
- cik: 0001510295
- company_name: Marathon Petroleum Corp
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1510295/000151029524000078/0001510295-24-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1510295/000151029524000078/mpc-20241105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001510295-24-000078
- JSON: https://secwatch.observer/filing/0001510295-24-000078.json
- Plain text: https://secwatch.observer/filing/0001510295-24-000078.txt

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