Marathon Petroleum Corp. Reports Third-Quarter 2026 Results
Key Highlights
- ➤MPC net income $7.4 billion, or $26.59 per diluted share, versus $1.4 billion in 2025
- ➤MPC adjusted EBITDA reached $11.7 billion, versus $3.2 billion in the year-ago quarter
- ➤MPC approved incremental $5 billion share repurchase authorization, lifting availability to $8.1 billion
- ➤MPC announced a $4.2 billion divestiture of St. Paul Park and Mandan refineries and related assets
- ➤MPC increased its quarterly dividend 10%
- ➤MPLX increased its quarterly distribution 12.5% for the third consecutive year
Expert Statements
Maryann Mannen, Chairman, President and Chief Executive Officer of Marathon Petroleum Corp.
“Our value chain capabilities remain a defining advantage for us, capturing opportunities to enhance margins across dynamic market conditions. Strong planning, commercial, and operational execution generated significant cash flows, supporting high-return investments while delivering substantial returns to shareholders. MPLX's durable growth and increasing cash flow to MPC delivers a differentiated value proposition.”
Marathon Petroleum Corp. Reports Third-Quarter 2026 Results PR Newswire
* Third-quarter net income attributable to MPC of $7.4 billion, or $26.59 per diluted share, adjusted net income of $7.5 billion, or $26.93 per diluted share * $11.7 billion of adjusted EBITDA, demonstrating the earnings power of MPC's value chains * $3.3 billion of capital returned, reflecting strong cash generation and disciplined execution * Announced a 10% increase in MPC's quarterly dividend, consistent with our capital allocation priorities * MPLX increased its quarterly distribution by 12.5% for the third consecutive year, resulting in $3.1 billion of expected annual distributions to MPC * Advancing strategic priorities through the announced divestiture of Mid-Con assets and intent to reinvest primarily in the Gulf Coast Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $7.4 billion, or $26.59 per diluted share, for the third quarter of 2026. This compares with a net income attributable to MPC of $1.4 billion, or $4.51 per diluted share, for the third quarter of 2025.
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