Nov 3, 8:07 AM ET
Marathon Petroleum Corp. reported third-quarter 2026 net income attributable to the company of $7.4 billion, or $26.59 per diluted share, up from $1.4 billion a year earlier, driven by higher market crack spreads. The company returned $3.3 billion of capital to shareholders and announced a 10% increase in its quarterly dividend alongside an incremental $5 billion share repurchase authorization. Additionally, MPC announced the $4.2 billion divestiture of its St. Paul Park and Mandan refineries and related midstream assets.
- Third-quarter 2026 net income attributable to MPC was $7.4 billion, or $26.59 per diluted share, compared with $1.4 billion, or $4.51 per diluted share, in the third quarter of 2025.
- Adjusted EBITDA reached $11.7 billion for the third quarter of 2026, up from $3.2 billion in the same period last year.
- MPC announced the $4.2 billion divestiture of the St. Paul Park and Mandan refineries and related midstream assets, expected to close at the end of 2026.
- The board approved an incremental $5 billion share repurchase authorization and a 10% increase in the quarterly dividend.
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Oct 29, 4:59 PM ET
Marathon Petroleum Corp. (MPC) said its board increased to eleven members and elected David E. Constable, former Chairman and CEO of Fluor Corporation, as a director effective March 1, 2027. He will serve on the Compensation and Organization Development Committee and the Sustainability and Public Policy Committee, and receive the same non-employee director pay described in the company's March 16, 2026 proxy statement.
- Board election announced by the Board on October 28, 2026; effective March 1, 2027
- Board size increases from ten to eleven members
- Constable previously led Fluor Corporation as Chairman and CEO and Sasol Ltd. as CEO from 2011 to 2016
- Constable joins the Compensation and Organization Development and Sustainability and Public Policy committees
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Aug 4, 6:49 AM ET
Marathon Petroleum (MPC) reported second-quarter 2026 net income attributable to MPC of $5.1 billion, or $17.73 per diluted share, up from $1.2 billion, or $3.96 per diluted share, a year earlier. Adjusted EBITDA rose to $8.5 billion from $3.3 billion, driven mainly by the Refining & Marketing segment, and the company returned over $2.8 billion to shareholders in the quarter.
- Q2 2026 net income attributable to MPC of $5.1 billion, or $17.73 per diluted share, versus $1.2 billion, or $3.96 per diluted share, in Q2 2025
- Adjusted EBITDA of $8.5 billion versus $3.3 billion; Refining & Marketing segment adjusted EBITDA was $6.7 billion versus $1.9 billion
- MPLX 2026 growth capital spending outlook raised by $500 million to $2.9 billion; MPC had $7.8 billion of cash and $6.1 billion remaining under buyback authorizations
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May 5, 6:48 AM ET
Marathon Petroleum reported first-quarter 2026 net income attributable to MPC of $511 million, or $1.73 per diluted share, compared with a net loss of $(74) million, or $(0.24) per share, a year earlier. The Board also approved an incremental $5 billion share repurchase authorization, which would bring the total available to $8.6 billion as of March 31, 2026, if added to the $3.6 billion already available.
- Net income attributable to MPC was $511 million ($1.73 per diluted share), versus a net loss of $(74) million in Q1 2025; adjusted net income was $487 million ($1.65 per diluted share)
- Adjusted EBITDA was $2.8 billion, versus $2.0 billion in Q1 2025; cash from operating activities was $1.1 billion, versus $(64) million
- The company returned over $1.0 billion to shareholders in the quarter and had $2.2 billion of cash and cash equivalents as of March 31, 2026
- Refining & Marketing segment adjusted EBITDA was $1.4 billion, versus $489 million, while Midstream adjusted EBITDA fell to $1.6 billion from $1.7 billion
Read the filing on SEC.gov ↗
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