Earnings ·
Marathon Petroleum reports Q3 net income of $7.4B, or $26.59 per diluted share
MPCMarathon Petroleum Corp
Marathon Petroleum reported third-quarter 2026 net income attributable to MPC of $7.4 billion, or $26.59 per diluted share, compared with $1.4 billion, or $4.51 per diluted share, in the prior-year period. Adjusted EBITDA surged to $11.7 billion from $3.2 billion a year ago, driven by higher market crack spreads and 100% crude capacity utilization across its refining system. The company returned $3.3 billion to shareholders during the quarter and announced a 10% increase in its quarterly dividend. Additionally, MPC approved an incremental $5 billion share repurchase authorization and announced the divestiture of St. Paul Park and Mandan refineries for $4.2 billion. Marathon Petroleum is a leading integrated downstream and midstream energy company that operates the nation’s largest refining system.