secwatch.observer — SEC 8-K summary
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Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0001510295-25-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029525000005/0001510295-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029525000005/mpc-20250204.htm
  HTML page:      https://secwatch.observer/filing/0001510295-25-000005

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