Marathon Petroleum posts sharp Q3 profit increase and expands shareholder returns
On November 3, 2026, Marathon Petroleum reported third-quarter net income attributable to the company of $7.4 billion, compared with $1.4 billion a year earlier; adjusted net income was $7.5 billion, or $26.93 per diluted share. Adjusted EBITDA reached $11.7 billion, and the company returned $3.3 billion to shareholders. Marathon Petroleum also raised its quarterly dividend by 10%, approved an additional $5 billion share-repurchase authorization, and announced a $4.2 billion transaction involving two Mid-Continent refineries and related assets with CVR Energy.


