Quarterly ResultMay 5, 2026, 01:08 PM
Marathon Petroleum Q1 Net Income $511M; EPS $1.73
AI Summary
Marathon Petroleum reported a significant turnaround in its first quarter 2026 financial results, with net income attributable to MPC reaching $511 million, a substantial improvement from a loss in the prior year. Basic earnings per share also turned positive to $1.73. The company saw increased sales and other operating revenues, driven by strong performance in its Refining & Marketing and Renewable Diesel segments, while the Midstream segment experienced a slight decrease in adjusted EBITDA.
Key Highlights
- Net income attributable to MPC was $511 million for Q1 2026, up from a loss of $74 million in Q1 2025.
- Basic earnings per share (EPS) was $1.73 for Q1 2026, compared to a loss of $0.24 in Q1 2025.
- Sales and other operating revenues increased to $34.2 billion in Q1 2026 from $31.5 billion in Q1 2025.
- Income from operations rose to $1.404 billion in Q1 2026 from $687 million in Q1 2025.
- Refining & Marketing segment adjusted EBITDA increased to $1.377 billion in Q1 2026 from $489 million in Q1 2025.
- Midstream segment adjusted EBITDA was $1.598 billion in Q1 2026, down from $1.720 billion in Q1 2025.
- Renewable Diesel segment adjusted EBITDA improved to $38 million in Q1 2026 from a loss of $42 million in Q1 2025.
- The company repurchased $750 million of common stock in Q1 2026, with $3.63 billion remaining under authorization.
Price Impact
More from MPC