earnings
confidence high
sentiment positive
materiality 0.85
MPC Q2 net income $5.1B ($17.73/diluted EPS); adjusted EBITDA $8.5B vs $3.3B YoY
Marathon Petroleum Corp
- Refining & Marketing segment adjusted EBITDA $6.7B vs $1.9B YoY; margin $36.33/bbl vs $17.58/bbl.
- Midstream segment adjusted EBITDA $1.8B vs $1.6B; Renewable Diesel segment $258M vs $(19)M.
- Returned $2.8B to shareholders in Q2; $6.1B remaining under share repurchase authorizations.
- El Paso yield improvement and Robinson product flexibility investments placed in service in Q2 2026.
- MPLX increasing 2026 growth capex outlook by $500M to $2.9B; expects 12.5% annual distribution growth in 2026-2027.