earnings
confidence high
sentiment negative
materiality 0.80
MPC Q4 net income $371M, down 75% YoY; full-year adj. EPS $9.51
Marathon Petroleum Corp
2024-FY EPS reported
$10.08
revenue$138,864,000,000
- Q4 net income $371M ($1.15 diluted EPS) vs $1.5B ($3.84) YoY; adjusted net income $249M ($0.77).
- Full-year net income $3.4B ($10.08 diluted) vs $9.7B ($23.63) in 2023; adjusted $3.3B ($9.51).
- Refining & Marketing segment adj. EBITDA $559M vs $2.2B YoY, driven by lower market crack spreads.
- Returned $10.2B to shareholders in 2024 via buybacks and dividends; $7.8B remaining authorization.
- 2025 standalone capex outlook $1.25B; MPLX capex $2.0B; new Gulf Coast fractionation complex announced.