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AI brief of an SEC Form 8-K · Marathon Petroleum (MPC)

Marathon Petroleum Q4 profit drops to $371 million, or $1.15 per share

Negative Impact 4 of 5 earnings Written later

Marathon Petroleum reported fourth-quarter 2024 net income attributable to MPC of $371 million, or $1.15 per diluted share, down from $1.5 billion, or $3.84 per share, a year earlier. Adjusted EBITDA fell to $2.1 billion from $3.6 billion, and the Refining & Marketing segment cited lower market crack spreads. The company returned $1.6 billion to shareholders in the quarter and $10.2 billion in 2024, and it expects MPLX distributions in 2025 to cover its dividends and standalone capital outlook.

Key points

  • Q4 2024 net income attributable to MPC was $371 million, or $1.15 per diluted share, versus $1.5 billion, or $3.84 per share, in Q4 2023.
  • Q4 2024 adjusted net income was $249 million, or $0.77 per adjusted diluted share, versus $1.5 billion, or $3.98, a year earlier.
  • Refining & Marketing segment adjusted EBITDA was $559 million in Q4 2024, versus $2.2 billion in Q4 2023, driven primarily by lower market crack spreads.
  • In Q4 2024, MPC returned $1.6 billion to shareholders ($1.3 billion in share repurchases and $292 million in dividends); $7.8 billion remains under repurchase authorizations.

The filing

CompanyMarathon Petroleum (MPC)
Form8-K, current report
Filed with the SECFeb 4, 2025, 6:32 AM ET
Accession number0001510295-25-000005

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 04, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.