Marathon Petroleum posts Q3 2026 net income of $7.4 billion, raises dividend and announces $4.2 billion asset sale
Marathon Petroleum Corp. reported third‑quarter 2026 net income of $7.4 billion, up from $1.4 billion a year earlier, and adjusted EBITDA of $11.7 billion. The board increased the quarterly dividend by 10% and approved an additional $5 billion share‑repurchase authorization. The company also disclosed a $4.2 billion divestiture of two refineries and related assets to CVR Energy, with $3.3 billion returned to shareholders in the quarter.
Why it matters
The dividend hike and new buyback authorization expand cash returns to shareholders, while the asset sale provides $4.2 billion of capital that Marathon plans to redeploy on the Gulf Coast. Investors will see higher near‑term distributions and a shift in the company’s asset base.
Key facts
- 1Third‑quarter net income attributable to Marathon Petroleum was $7.4 billion, or $26.59 per diluted share. prnewswire.com
- 2Adjusted EBITDA for the quarter was $11.7 billion. prnewswire.com
- 3The quarterly dividend was increased by 10%. prnewswire.com
- 4The board approved an incremental $5 billion share‑repurchase authorization. prnewswire.com
- 5Marathon announced the sale of the St. Paul Park and Mandan refineries and related midstream assets to CVR Energy for $4.2 billion. prnewswire.com
- 6The company returned $3.3 billion of capital to shareholders in the quarter. prnewswire.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.