---
schema_version: "secwatch.filing_event.v1"
accession: "0001510295-25-000005"
form_type: "8-K"
ticker: "MPC"
cik: "0001510295"
company_name: "Marathon Petroleum Corp"
filed_at: "2025-02-04T23:59:59+00:00"
generated_at: "2026-05-27T03:25:29.453694+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MPC Q4 net income $371M, down 75% YoY; full-year adj. EPS $9.51

## Summary
- 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.

## SEC filing metadata
- accession: 0001510295-25-000005
- form_type: 8-K
- ticker: MPC
- cik: 0001510295
- company_name: Marathon Petroleum Corp
- filed_at: 2025-02-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1510295/000151029525000005/0001510295-25-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1510295/000151029525000005/mpc-20250204.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001510295-25-000005
- JSON: https://secwatch.observer/filing/0001510295-25-000005.json
- Plain text: https://secwatch.observer/filing/0001510295-25-000005.txt

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