Marathon Petroleum earnings beat by $1.55, revenue topped estimates

Marathon Petroleum (MPC) reported Q3 net income of $7.4B ($26.59 EPS), up from $1.4B a year ago, driven by a 160% jump in refining margins. Adjusted EBITDA rose to $11.7B. Shares gained 1.4% in pre-market trading. The company warned that high margins may not last and guided lower throughput for Q4.

Marathon Petroleum (MPC) and MPLX (MPLX) agreed to sell two refineries and related assets to CVR Energy (CVI) for $4.2 billion, including $3.45 billion for MPC and $750 million for MPLX. The deal includes refineries in Minnesota and North Dakota with combined capacity of 177,000 barrels per day. Proceeds will be reinvested in the Gulf Coast and Permian/Marcellus basins. The transaction is expected to close by the end of 2026, subject to regulatory approval.

Marathon Petroleum reported Q3 earnings of $26.93 per share, beating estimates. The company agreed to sell two refineries and related assets to CVR Energy for $4.2 billion. Marathon's refining margin doubled to $45.70 per barrel, and it returned $3.3 billion to shareholders. Shares rose 2% in premarket trading.

Marathon Petroleum Corp (MPC) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Marathon Petroleum Corp. Reports Third-Quarter 2026 Results • 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

CVR Energy (CVI) agreed to buy two refineries and related marketing assets from Marathon Petroleum (MPC) and MPLX (MPLX) for $4.2B plus inventory value. The deal includes facilities in Minnesota and North Dakota.

Marathon Petroleum (MPC) reported Q3 Non-GAAP EPS of $26.93, exceeding estimates by $0.93, and revenue of $56.49B, up 57.6% Y/Y and beating by $12.68B. The company raised its quarterly dividend by 10%, and MPLX increased its distribution.