MPC Q1 net income $511M ($1.73/sh) vs loss year ago; Board adds $5B buyback

Marathon Petroleum Corp

2026-Q1 EPS reported $1.73 revenue$34,200,000,000

Net income $511M ($1.73/diluted EPS) vs net loss $(74M) ($(0.24)/sh) in Q1 2025; adjusted net income $487M ($1.65/sh).
Adjusted EBITDA $2.8B vs $2.0B; R&M segment EBITDA $1.4B ($5.37/barrel) vs $489M; crude throughput 2.9M bpd at 89% utilization.
Returned over $1.0B to shareholders; Board approved incremental $5B share repurchase authorization; $8.6B total available.
MPLX Permian growth strategy expected to support 12.5% annual distribution growth to MPC in 2026-27.
Capital projects progressing: Garyville jet online, El Paso FCC upgrade target 2Q26, Robinson jet target 3Q26.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Marathon Petroleum Corp reported first quarter of 2026 results: net income $511 million, EPS $1.73 per diluted share.

Period: first quarter of 2026
Net income: $511 million
EPS: $1.73 per diluted share
Result: reported results

Exact text from the filing

expressly stated in such a filing. --- EX-99.1 (EX-99.1) --- Marathon Petroleum Corp. Reports First-Quarter 2026 Results • First-quarter net income attributable to MPC of $511 million, or $1.73 per diluted share, adjusted net income of $487 million, or $1.65 per diluted share • Cash from operations of $1.1 billion, reflecting safe and reliable performance

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Source: SEC EDGAR

accession 0001510295-26-000039

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