secwatch.observer — SEC 8-K summary
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Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001510295-26-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029526000039/0001510295-26-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029526000039/mpc-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001510295-26-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer