Marathon Petroleum Q2 profit falls to $1.2 billion, or $3.96 per diluted share
Marathon Petroleum reported second-quarter 2025 net income attributable to MPC of $1.2 billion, or $3.96 per diluted share, down from $1.5 billion, or $4.33 per share, a year earlier. Adjusted EBITDA fell to $3.3 billion from $3.4 billion, and the company returned about $1.0 billion to shareholders, including $692 million of share repurchases. MPLX also agreed to buy Northwind Midstream for $2.375 billion in cash, with closing expected in the third quarter of 2025.
Key points
- Net income attributable to MPC was $1.2 billion, or $3.96 per diluted share, versus $1.5 billion, or $4.33 per share, in the second quarter of 2024.
- Adjusted EBITDA was $3.3 billion versus $3.4 billion a year earlier; Refining & Marketing segment adjusted EBITDA was $1.9 billion versus $2.0 billion.
- About $1.0 billion was returned to shareholders in the quarter, including $692 million of share repurchases; $6.0 billion remained under repurchase authorizations as of June 30, 2025.
- MPLX agreed to acquire Northwind Midstream for $2.375 billion in cash, with closing expected in the third quarter of 2025, subject to customary conditions including regulatory clearance.
The filing
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 August 05, 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.