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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Marathon Petroleum (MPC) is 8/10.
Marathon Petroleum grew GAAP revenue 9.7% year-over-year to $34.6 billion and swung to GAAP EPS of $1.73 from a $0.24 loss a year ago, reporting adjusted earnings per share of $1.65 and adjusted EBITDA of $2.8 billion, up nearly $800 million year-over-year. Refineries ran at 89% utilization with nearly 100% capture in what management called its strongest first quarter on process safety and lowest unplanned downtime this decade, while completing roughly 40% of full-year planned maintenance; Refining & Marketing adjusted EBITDA per barrel was $5.37. Late in the quarter, geopolitical events in the Middle East took an estimated 6 million barrels per day, close to 6% of global refined products capacity, offline, tightening markets and driving cracks higher. MPC returned over $1 billion to shareholders including $750 million of repurchases and announced an additional $5 billion authorization, while full-year turnaround cost outlook was maintained at $1.35 billion. MPLX is investing over $2.4 billion in 2026 with roughly 90% directed at natural gas and NGLs and expects 12.5% distribution growth for the next two years, with a South Korean agreement with E1 securing long-term demand for up to 40% of new Gulf Coast fractionation volumes.
Scored from Marathon Petroleum’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $33.14B | -8.6% | $1.16 | -69.8% | 2.5% | 1.1% | $1.40B |
| FY2025 Q1 | $31.52B | -3.6% | $-0.24 | -109.3% | 1.1% | -0.2% | $-727M |
| FY2025 Q2 | $33.80B | -10.9% | $3.96 | -8.5% | 5.6% | 3.6% | $1.94B |
| FY2025 Q3 | $34.81B | -0.8% | $4.51 | +141.2% | 4.8% | 3.9% | $1.66B |
| FY2025 Q4 | $32.57B | -1.7% | $5.13 | +342.2% | 5.7% | 4.7% | $1.89B |
| FY2026 Q1 | $34.57B | +9.7% | $1.73 | +820.8% | 4.1% | 1.5% | $208M |
| FY2026 Q2 | $51.99B | +53.8% | $17.73 | +347.7% | 13.8% | 9.9% | $9.35B |