Quarterly ResultAug 4, 2026, 02:41 PM
Marathon Petroleum Q2 Net Income $5.14B; EPS $17.76
AI Summary
Marathon Petroleum reported strong financial results for the second quarter of 2026, with net income attributable to MPC surging to $5.14 billion, or $17.76 per basic share. Sales and other operating revenues increased to $51.99 billion. The company also announced a new $5.0 billion share repurchase authorization, bringing the total remaining authorization to $6.13 billion as of June 30, 2026. Net cash provided by operating activities for the first half of 2026 significantly increased to $11.45 billion.
Key Highlights
- Net income attributable to MPC for Q2 2026 was $5.14 billion, up from $1.22 billion in Q2 2025.
- Basic earnings per share for Q2 2026 reached $17.76, compared to $3.96 in Q2 2025.
- Sales and other operating revenues for Q2 2026 increased to $51.99 billion from $33.80 billion YoY.
- A new $5.0 billion share repurchase authorization was approved, with $6.13 billion remaining.
- The company repurchased $3.25 billion of common stock in the first six months of 2026.
- Net cash provided by operating activities for H1 2026 was $11.45 billion, up from $2.58 billion YoY.
- Refining & Marketing segment adjusted EBITDA was $6.66 billion for Q2 2026.
- Renewable Diesel segment adjusted EBITDA turned profitable at $258 million for Q2 2026.
Price Impact
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