earnings
confidence high
sentiment negative
materiality 0.75
Marathon Petroleum posts Q1 net loss of $74M on planned maintenance; adjusted EBITDA falls 40% YoY
Marathon Petroleum Corp
2025-Q1 EPS reported
-$0.24
revenue$31,517,000,000
- Net loss $(74)M ($(0.24)/diluted share) vs net income $937M ($2.58) in Q1 2024.
- Adjusted EBITDA $2.0B vs $3.3B YoY; impacted by $454M planned turnaround costs.
- R&M segment EBITDA fell to $489M ($1.91/bbl) from $1,986M ($8.22/bbl) on lower crack spreads.
- Midstream segment EBITDA up 8% to $1.72B; MPLX agreed to acquire BANGL for $715M.
- Returned $1.3B to shareholders ($1.1B buybacks); $6.7B remaining under repurchase authorization.