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

MPC Reports Third-Quarter 2026 Net Income of $7.4 Billion and $11.7 Billion Adjusted EBITDA

Positive Impact 4 of 5 earnings

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.

Key points

  • 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.

The filing

CompanyMarathon Petroleum (MPC)
Form8-K, current report
Filed with the SECNov 3, 2026, 8:07 AM ET
Accession number0001510295-26-000069

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Google Gemini, gemini-3.5-flash-lite) on Nov 3, 2026, 8:16 AM ET, from the text of the filing and its press-release exhibits only.

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.