Marathon Petroleum (NYSE:MPC) Announces Earnings Results

Posted by Brenda Bartman on Aug 4th, 2026

Marathon Petroleum (NYSE:MPC – Get Free Report) issued its quarterly earnings results on Tuesday. The oil and gas company reported $17.73 earnings per share for the quarter, topping the consensus estimate of $14.27 by $3.46, FiscalAI reports. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The company had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same period last year, the business earned $3.96 EPS. The business’s quarterly revenue was up 53.5% on a year-over-year basis.

Marathon Petroleum Stock Performance

Shares of NYSE MPC traded up $5.37 during midday trading on Tuesday, hitting $312.40. 842,526 shares of the company’s stock were exchanged, compared to its average volume of 2,420,907. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $91.20 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 0.20 and a beta of 0.52. Marathon Petroleum has a 12 month low of $158.00 and a 12 month high of $326.92. The company’s 50 day moving average price is $275.17 and its 200 day moving average price is $238.78.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum’s payout ratio is currently 26.11%.

More Marathon Petroleum News

Here are the key news stories impacting Marathon Petroleum this week:

Positive Sentiment: Major earnings and revenue beat: MPC reported adjusted earnings of $17.73 per diluted share, well above analysts’ estimates of roughly $14.27–$14.52 and up sharply from $3.96 a year earlier. Revenue reached $51.99 billion, exceeding the $40.87 billion consensus estimate and increasing 53.5% year over year. Marathon Petroleum Beats Q2 Earnings and Revenue Estimates
Positive Sentiment: Refining conditions were exceptionally favorable: Reuters reported that fuel-supply disruptions tied to the U.S.-Israeli conflict with Iran pushed refining margins to multiyear highs. MPC’s Refining and Marketing segment generated $6.655 billion in adjusted EBITDA, helping total adjusted EBITDA reach $8.46 billion versus $3.286 billion in the prior-year quarter. Marathon Petroleum Beats Quarterly Profit Estimates on Refining Margin Boom
Positive Sentiment: Capital returns and growth investments support the outlook: MPC returned more than $2.8 billion to shareholders during the quarter and still had $6.1 billion remaining under its buyback authorization. El Paso and Robinson refining investments entered service, while MPLX raised its 2026 growth-capital outlook to $2.9 billion and expects 12.5% annual distribution growth in 2026 and 2027. Marathon Petroleum Second-Quarter 2026 Results
Neutral Sentiment: Value appeal remains a supporting factor: Zacks highlighted MPC as a long-term value stock based on its style-score framework. However, future performance will remain sensitive to refining margins, which may normalize if geopolitical supply disruptions ease. Why Marathon Petroleum Is a Top Value Stock for the Long Term
Negative Sentiment: Insider selling is a modest cautionary signal: Recent disclosures showed several MPC insiders selling shares and no reported purchases over the past six months, although these transactions do not necessarily indicate a change in the company’s operating outlook.

Insiders Place Their Bets

In related news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the sale, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Marathon Petroleum

Several large investors have recently modified their holdings of the stock. WFA of San Diego LLC bought a new stake in shares of Marathon Petroleum during the 2nd quarter worth about $33,000. IFC & Insurance Marketing Inc. bought a new position in Marathon Petroleum in the 4th quarter valued at about $44,000. Prosperity Bancshares Inc acquired a new stake in Marathon Petroleum during the fourth quarter worth approximately $45,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Marathon Petroleum during the fourth quarter worth approximately $46,000. Finally, EFG International AG bought a new stake in shares of Marathon Petroleum during the fourth quarter worth approximately $48,000. 76.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

MPC has been the subject of a number of analyst reports. Bank of America raised their target price on shares of Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Barclays increased their price objective on shares of Marathon Petroleum from $270.00 to $289.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Mizuho raised their price objective on Marathon Petroleum from $224.00 to $284.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Wells Fargo & Company reiterated an “overweight” rating and set a $344.00 target price on shares of Marathon Petroleum in a report on Monday, June 15th. Finally, Wall Street Zen raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.69.

Read Our Latest Report on Marathon Petroleum

Marathon Petroleum Company Profile

(Get Free Report)

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.