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Q2 2026 earnings • released • EPS beat +27.08% • Revenue beat +26.30%
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MPC:NYSE
Marathon Petroleum Corp
$298.20
-0.35%
(-1.05) 1D
$298.24
+0.01% (+0.040)
After hours
Closed: Aug 7, 4:00:09 PM GMT-4  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for MPC...
Open
$295.14
High
$301.49
Low
$290.36
Mkt. cap
83.74B
Avg. vol.
2.22M
Volume
2.30M
Dividend
1.34%
Quarterly dividend
$1.00
Ex-dividend date
Aug 19, 2026
P/E ratio
10.27
52-wk high
$326.92
52-wk low
$158.00
EPS
$29.05
Beta
0.52
Shares outstanding
280.82M
No. of employees
18K
Open
$295.14
High
$301.49
Low
$290.36
Mkt. cap
83.74B
Avg. vol.
2.22M
Volume
2.30M
Dividend
1.34%
Quarterly dividend
$1.00
Ex-dividend date
Aug 19, 2026
P/E ratio
10.27
52-wk high
$326.92
52-wk low
$158.00
EPS
$29.05
Beta
0.52
Shares outstanding
280.82M
No. of employees
18K
News stories
From sources across the web
Profile
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in 1887. These formed The Ohio Oil Company established in Lima, Ohio. It became the largest oil producer in the state. By 1889, the company was acquired by the Standard Oil Trust and six years later its headquarters was moved to Findlay. In 1906, the company built its first oil pipeline, which connected its facilities in Martinsville, Illinois, and Preble, Indiana. After the United States Supreme Court ordered its parent company to break up as a result of the Sherman Anti-Trust Act in 1911, Ohio Oil again became independent. It expanded its operations by purchasing oil fields outside of Ohio. The company also started oil refining. In 1924, the company discovered oil in Texas. In the same year, it acquired Lincoln Oil Refining Company. This purchase included a refinery and 17 brand service stations in Indiana. Wikipedia
About Marathon Petroleum Corp
CEOMaryann Mannen
Employees18.5K
FoundedNov 9, 2009
HeadquartersFindlay, Ohio, United States
SectorEnergy
Websitemarathonpetroleum.com
Analyst ratings
Based on 15 analysts giving stock ratings to MPC in the past 3 months
Buy
Buy
9
Hold
6
Sell
0
12-month forecast
Based on 15 Wall Street analysts offering 12 month price targets for MPC in the last 3 months.
Highest
Current $298.20
$376.00 (+26.09%)
Average
$324.73 (+8.90%)
Lowest
$265.00 (-11.13%)
Analyst
Recommendation
Action
Price target
Projected
Date
Arun Jayaram
J.P. Morgan
Hold
Maintained
$323.00
+8.3%
08/06/2026
Neil Mehta
Goldman Sachs
Buy
Maintained
$376.00
+26.1%
08/05/2026
John Royall
Piper Sandler
Buy
Maintained
$344.00
+15.4%
08/06/2026
Theresa Chen
Barclays
Buy
Maintained
$321.00
+7.6%
08/06/2026
Sergey Pigarev
Freedom Capital Markets
Hold
Upgraded
$297.00
-0.4%
08/05/2026
Stephen Richardson
Evercore ISI
Hold
Maintained
$330.00
+10.7%
08/05/2026
Joe Laetsch
Morgan Stanley
Buy
Maintained
$265.00
-11.1%
08/05/2026
Jason Gabelman
TD Cowen
Buy
Reiterated
$375.00
+25.8%
08/05/2026
Vikram Bagri
Citi
Hold
Maintained
$318.00
+6.6%
08/05/2026
Sam Margolin
Wells Fargo
Buy
Reiterated
$359.00
+20.4%
08/05/2026
Jean Ann Salisbury
Bank of America Securities
Hold
Reiterated
$319.00
+7%
07/22/2026
Phillip Jungwirth
BMO Capital
Buy
Maintained
$290.00
-2.7%
07/13/2026
Justin Jenkins
Raymond James
Buy
Maintained
$335.00
+12.3%
07/13/2026
Lloyd Byrne
Jefferies
Buy
Reiterated
$335.00
+12.3%
07/12/2026
Nitin Kumar CFA
Mizuho Securities
Hold
Maintained
$284.00
-4.8%
05/27/2026
Betty Zhang
Scotiabank
Buy
Maintained
$210.00
-29.6%
05/06/2026
Zach Parham
J.P. Morgan
Hold
Maintained
$235.00
-21.2%
04/13/2026
Manav Gupta
UBS
Buy
Maintained
$280.00
-6.1%
04/09/2026
Ryan Todd
Piper Sandler
Hold
Maintained
$228.00
-23.5%
04/09/2026
Suvro Sarkar
DBS
Buy
Maintained
$206.00
-30.9%
02/04/2026
Last report
Aug 4, 2026
Fiscal period
Q2 2026
EPS / Est. (USD)
$17.73 / $13.95
+27.08%beat
Revenue / Est. (USD)
52.34B / 41.44B
+26.30%beat
Fiscal Q2 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Income statement
Revenue
Net income
All values in USD
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
34.88B
32.80B
34.39B
52.34B
Cost of goods sold
31.20B
28.86B
31.26B
-
Cost of revenue
31.20B
28.86B
31.26B
-
Research and development expenses
-
-
-
-
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
869.00M
842.00M
872.00M
-
Operating expense
1.94B
1.87B
1.91B
-
Total operating expenses
33.14B
30.73B
33.17B
-
Operating income
1.73B
2.06B
1.22B
-
Other non operating income
-4.00M
-1.00M
-12.00M
-
EBT including unusual items
2.40B
2.35B
1.03B
-
EBT excluding unusual items
2.40B
1.93B
1.03B
-
Income tax expense
460.00M
372.00M
183.00M
-
Effective tax rate
19.14%
15.82%
17.70%
-
Other operating expenses
232.00M
203.00M
227.00M
-
Net income
1.37B
1.54B
511.00M
-
Net profit margin
3.93%
4.68%
1.49%
9.87%
Earnings per share
3.01
4.07
1.65
17.73
Interest and investment income
41.00M
41.00M
33.00M
-
Interest expense
-341.00M
-377.00M
-386.00M
-
Net interest expenses
-300.00M
-336.00M
-353.00M
-
Depreciation and amortization charges
841.00M
828.00M
809.00M
-
EBITDA
2.57B
2.89B
2.03B
-
Gain or loss from assets sale
2.00M
-169.00M
-
-
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
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