• Marathon Petroleum stock is at critical resistance. What’s behind MPC new highs?
Earnings Snapshot
The company reported revenue of $34.57 billion, versus $31.85 billion in the prior-year period. Sales exceeded the analyst estimate of $32.75 billion.
Adjusted EPS improved significantly to $1.65 from a loss of 24 cents a year ago, exceeding the 75 cents analyst estimate.
Adjusted EBITDA came in at $2.76 billion, higher than $2 billion a year ago.
As of March 31, 2026, the company reported $2.2 billion in cash and cash equivalents. It includes $1.5 billion at its subsidiary, MPLX LP (NYSE:MPLX).
The company disclosed that tighter global markets, due to Middle East tensions, have disrupted supply chains but also strengthened advantages from U.S. and Canadian crude sourcing.
Buyback Boost
The company returned over $1 billion to shareholders in share repurchases. As of March 31, $3.6 billion remained available under existing share repurchase authorizations.
The board approved an additional $5 billion share repurchase authorization, increasing total available buyback capacity to $8.6 billion as of March 31, 2026.
Segment Performance
In the Refining & Marketing segment, crude capacity utilization reached 89%, with throughput volumes of approximately 2.9 million barrels per day.
Segment adjusted EBITDA excludes refining planned turnaround costs, which stood at $530 million in the first quarter of 2026 and $454 million ...
