Highest-materiality recent filing
MPC Q2 net income $5.1B ($17.73/diluted EPS); adjusted EBITDA $8.5B vs $3.3B YoY
Refining & Marketing segment adjusted EBITDA $6.7B vs $1.9B YoY; margin $36.33/bbl vs $17.58/bbl.
MPC Q1 net income $511M ($1.73/sh) vs loss year ago; Board adds $5B buyback
Net income $511M ($1.73/diluted EPS) vs net loss $(74M) ($(0.24)/sh) in Q1 2025; adjusted net income $487M ($1.65/sh).
Marathon Petroleum Q4 net income $1.5B ($5.12 EPS) vs $371M YoY; adjusted EBITDA $3.5B
Q4 2025 net income $1.5B ($5.12 diluted EPS) vs $371M ($1.15) in Q4 2024.
Marathon Petroleum appoints Maria Khoury as CFO effective Jan 19, 2026
Maria Khoury appointed EVP & CFO effective Jan 19, 2026, succeeding John Quaid.
MPC Q3 net income $1.4B, EPS $4.51; adjusted EBITDA $3.2B; dividend up 10%
Net income $1.4B ($4.51 diluted EPS) vs $622M ($1.87) YoY; adjusted net income $915M ($3.01).
MPC Q2 net income $1.2B ($3.96 EPS); adj. EBITDA $3.3B; MPLX to acquire Northwind for $2.375B
Net income $1.2B ($3.96 diluted EPS) vs $1.5B ($4.33) YoY; adjusted EBITDA $3.3B vs $3.4B.
Marathon Petroleum posts Q1 net loss of $74M on planned maintenance; adjusted EBITDA falls 40% YoY
Net loss $(74)M ($(0.24)/diluted share) vs net income $937M ($2.58) in Q1 2024.
MPC Q4 net income $371M, down 75% YoY; full-year adj. EPS $9.51
Q4 net income $371M ($1.15 diluted EPS) vs $1.5B ($3.84) YoY; adjusted net income $249M ($0.77).
Marathon Petroleum Q3 net income $622M ($1.87/diluted), down 81% YoY; dividend raised 10%
Net income $622M vs $3.3B YoY; adjusted EBITDA $2.5B vs $5.7B; refining margins fell to $14.35/bbl from $26.16/bbl.
Marathon Petroleum Q2 net income $1.5B, down from $2.2B YoY; adjusted EBITDA $3.4B
Net income $1.5B ($4.33 diluted EPS); adjusted net income $1.4B ($4.12 EPS).
Marathon Petroleum appoints Maryann Mannen as CEO, effective Aug 1, 2024
Maryann Mannen, current President, becomes CEO and joins the Board on August 1, 2024, succeeding Michael Hennigan.
Marathon Petroleum Q1 net income $937M ($2.58 EPS), down 65% YoY; adds $5B buyback
Net income $937M ($2.58 diluted EPS) vs $2.7B ($6.09) in Q1 2023; adjusted EBITDA $3.3B vs $5.2B.
MPC Q4 net income falls to $1.5B from $3.3B YoY; full-year net cash ops $14.1B
Q4 net income $1.5B ($3.84 diluted EPS) vs $3.3B ($7.09) in Q4 2022; adjusted EPS $3.98.
Marathon Petroleum names Maryann Mannen President, John Quaid CFO effective Jan 1, 2024
Maryann T. Mannen promoted from EVP/CFO to President of MPC, effective Jan 1, 2024.
MPC Q3 net income $3.3B ($8.28/diluted); raises dividend 10%; adds $5B buyback
Net income $3.3B, $8.28/diluted; adjusted $3.2B, $8.14/adjusted diluted.
Marathon Petroleum Q2 net income $2.2B, adj. EBITDA $4.5B; returned $3.4B
Net income attributable to MPC of $2.2B ($5.32 diluted EPS) vs $5.9B ($10.95) in Q2 2022.
MPC Q1 2023 net income $2.7B ($6.09 EPS) vs $845M YoY; adj. EBITDA $5.2B; adds $5B buyback auth.
Net income $2.7B ($6.09 diluted EPS) vs $845M ($1.49) YoY; adjusted EBITDA $5.2B vs $2.6B.
Shareholders approved increasing max board size from 12 to 15; Certificate of Amendment filed.
Marathon Petroleum Q4 net income $3.3B ($7.09 EPS); full-year cash $16.4B, returned $13.2B
Q4 net income $3.3B ($7.09 diluted EPS) vs $774M ($1.27) a year ago; adjusted net income $3.1B ($6.65).
MPC Q3 net income $4.5B ($9.06/diluted); raises dividend 30% to $0.75/share
Net income $4.5B vs $694M YoY; adjusted net income $3.9B ($7.81/diluted) vs $464M ($0.73) last year.
Marathon Petroleum CEO Michael Hennigan reports no sign of cancer after treatment
CEO Michael Hennigan completed seven-week radiation and chemotherapy for throat cancer diagnosed in April 2022.
Marathon Petroleum appoints Timothy Aydt as EVP Refining; Brooks retirement extended to Sep 23
Timothy J. Aydt appointed Executive Vice President, Refining, effective September 1, 2022.
MPC Q2 2022 net income $5.9B ($10.95/diluted); adjusted EBITDA $9.1B; new $5B buyback authorization
Adjusted net income $5.7B ($10.61/diluted) vs $437M ($0.67) in Q2 2021; revenue not explicitly provided.
MPC and MPLX enter new $5B and $2B revolvers; MPLX facility cut by $1.5B
MPC entered $5.0B unsecured revolver due July 2027, replacing prior $5.0B 2018 facility.
Marathon Petroleum Q1 net income $845M ($1.49/sh) vs loss; JV with Neste, $8B buyback
Net income $845M ($1.49 diluted EPS) vs net loss $242M in Q1 2021.
MPC CEO Michael Hennigan diagnosed with throat cancer, expects to continue as CEO during treatment
Michael J. Hennigan discovered a tumor in his throat via a health exam; cancer is limited to throat and nearby lymph nodes.
MPC reports Q4 net income $774M, adjusted EPS $1.30; boosts buyback by $5B
Q4 2021 net income $774M ($1.27 diluted EPS) vs $285M ($0.44) in Q4 2020; adjusted net income $794M ($1.30).
Marathon Petroleum Q3 net income $694M ($1.09 EPS) vs. loss a year ago; initiates debt redemption
Reported net income of $694M ($1.09 diluted EPS) vs. net loss of $886M ($1.36 loss) in Q3 2020.
Marathon Petroleum Q2 adj EPS $0.67 vs -$1.33 YoY; sold Speedway, to repurchase $9B in shares
Net income $8.5B ($13.00 diluted EPS) includes $11.6B pre-tax gain on Speedway sale; adjusted net income $437M ($0.67).
Timothy J. Aydt, Executive Vice President, Refining, of Marathon Petroleum Corporation (the “Company”), notified the Company of his intention to retire from the Company, following over 40 years of service, effective September 2, 2025.
The Company has announced that Mike Henschen will succeed Mr. Aydt as Executive Vice President, Refining, effective June 1, 2025.
On January 20, 2025, Susan Tomasky notified the Board of Directors (the "Board") of Marathon Petroleum Corporation (the “Company”) of her decision to retire from the Board effective upon the conclusion of the Company's 2025 annual meeting of shareholders, to be held April 30, 2025.
On October 30, 2024, the Board of Directors (the “Board”) of Marathon Petroleum Corporation (the “Company”) increased the size of the Board to fifteen members and elected Jeffrey C. Campbell as a director of the Company, with such increase in the size of the Board and election effective as of November 11, 2024.
current Chairman of the Board John P. Surma has been elected Lead Director.
effective August 1, 2024, has been appointed as the President and Chief Executive Officer of MPLX.
the Board increased the size of the Board to fourteen members and elected Ms. Mannen as a director of the Company, with such increase and election effective August 1, 2024.
On May 11, 2024, the board of directors (the “Board”) of Marathon Petroleum Corporation (the “Company”) appointed Maryann T. Mannen as Chief Executive Officer of the Company, effective August 1, 2024.
On January 26, 2024, the Board of Directors (the “Board”) of Marathon Petroleum Corporation (the “Company”) increased the size of the Board to thirteen members and elected Ms. Eileen P. Drake and Ms. Kimberly N. Ellison-Taylor as directors of the Company, with such increase in the size of the Board and elections effective as of March 1, 2024.
On January 26, 2024, the Board of Directors (the “Board”) of Marathon Petroleum Corporation (the “Company”) increased the size of the Board to thirteen members and elected Ms. Eileen P. Drake and Ms. Kimberly N. Ellison-Taylor as directors of the Company, with such increase in the size of the Board and elections effective as of March 1, 2024.
Ms. Brzezinski is succeeding C. Kristopher Hagedorn, who ceased to serve as Senior Vice President and Controller of the Company effective January 8, 2024.
Effective January 8, 2024, Marathon Petroleum Corporation (the "Company") appointed Erin M. Brzezinski as Vice President and Controller.
Max materiality 0.90 · Median 0.60 · Most common event earnings