Henschen Michael A II sold $1.7M of MPC

Carson City Council voted 4-1 to place a ballot measure on the November ballot that would impose up to a $1 per barrel tax on refinery feedstock within city limits, potentially tripling refinery taxes. The city says Marathon Petroleum and its Tesoro unit owe about $75 million in disputed taxes and could face about $100 million per year if approved. Marathon says the tax would require operational changes; it reported $5.14 billion Q2 profit.

El Paso residents reported strong odors and fumes from a Marathon Petroleum refinery. Local officials, including City Rep. Josh Acevedo and County Commissioner David Stout, demanded transparency after Texas Commission on Environmental Quality (TCEQ) reports cited emissions far above permit limits, including 862 pounds of sulfur dioxide over 24 hours and releases of 1,3-butadiene and propylene. Marathon said it responded, deployed monitoring, and found no health risks.

Marathon Petroleum (MPC) reported quarterly EPS of $17.73 versus a $13.95 estimate and said net income rose to $5.14 billion from $1.22 billion a year earlier. Revenue was $51.99 billion versus $41.44 billion consensus. The article links results to higher refinery crack spreads and strong demand, citing high U.S. refinery utilization.

Marathon Petroleum reported Q2 2026 net income of $5.1B versus $1.2B a year earlier. Diluted EPS rose to $17.73 from $3.96, and adjusted EBITDA to $8.5B from $3.3B. Refining and Marketing adjusted EBITDA increased to $6.7B as refining margins more than doubled. The company kept 2026 capex outlook at $1.5B excluding MPLX and raised MPLX growth capex to $2.9B.

Marathon Petroleum (MPC) reported Q2 2026 adjusted EPS of $17.73 vs $13.73 expected and revenue of $52.3B vs $42.1B. Adjusted EBITDA rose to $8.5B. Operating cash flow was $6.6B and it returned $2.8B to shareholders. For Q3, it expects 2.8M bpd throughput and about $290M turnaround costs.

Marathon Petroleum reported Q2 profit of $5.14 billion, up from $1.22 billion a year earlier and above LSEG’s $3.91 billion estimate, as Strait of Hormuz disruptions boosted refining margins. Quarterly refining and marketing margin rose to $36.33 per barrel. Marathon forecast utilization around 94% and returned $2.8 billion to shareholders.