MPC - Earnings announcements

FINDLAY, Ohio, May 5, 2026 /PRNewswire/ -- First-quarter net income attributable to MPC of $511 million, or $1.73 per diluted share, adjusted net income of $487 million, or $1.65 per diluted shareCash from operations of $1.1 billion, reflecting safe and reliable performance while completing approximately 40% of 2026 planned turnaround activity Executing value-enhancing capital strategy; Garyville jet project online in 1Q26, progressing El Paso FCC upgrade (2Q26 target completion) and Robinson jet project (3Q26 target completion)Progressing MPLX Permian growth strategy, expected to support 12.5% annual distribution growth to MPC in 2026 and 2027$1.0 billion of capital returned, reinforcing co

FINDLAY, Ohio, March 23, 2026 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, May 5, 2026, at 11 a.m. EDT to discuss 2026 first-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com.About Marathon Petroleum CorporationMPC is a leading, integrated, downstream and midstream energy company headquartered in Find

FINDLAY, Ohio, Feb. 3, 2026 /PRNewswire/ -- Full-year 2025 net income attributable to MPLX of $4.9 billion and adjusted EBITDA of $7.0 billionFull-year 2025 growth investments of $5.5 billion and capital returned to unitholders of $4.4 billion, delivering on capital return commitmentProgressing natural gas and NGL value chains through construction of Gulf Coast fractionation and export facilities and integration of sour gas treating platformAnnouncing 2026 organic growth capital plan of $2.4 billion, aligned with natural gas and NGL investments driving mid-single digit adjusted EBITDA growthMPLX LP (NYSE:MPLX) today reported fourth-quarter 2025 net income attributable to MPLX of $1,193 mill

FINDLAY, Ohio, Feb. 3, 2026 /PRNewswire/ --  Fourth-quarter net income attributable to MPC of $1.5 billion, or $5.12 per diluted share, adjusted net income of $1.2 billion, or $4.07 per diluted shareFull-year refining utilization of 94 percent and margin capture of 105 percent, demonstrating strong operational and commercial performanceCash from operations of $8.3 billion enabled peer-leading capital returns of $4.5 billion in 2025 MPLX's growing distribution is expected to more than fund MPC's 2026 dividend and standalone capital; a source of differentiation for capital returnMarathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $1.5 billion, or $5.12 per di

FINDLAY, Ohio, Jan. 5, 2026 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, February 3, 2026, at 11 a.m. EST to discuss 2025 fourth-quarter and full-year financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream and midstream energy company

FINDLAY, Ohio, Sept. 9, 2025 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, November 4, 2025, at 11 a.m. EST to discuss 2025 third-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream and midstream energy company headquartered

FINDLAY, Ohio, Aug. 5, 2025 /PRNewswire/ -- Announced Northwind Midstream acquisition for $2.375 billion enhances Permian Natural Gas and NGL value chain and accelerates future growth opportunitiesSecond-quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.7 billionAdjusted EBITDA attributable to MPLX of $1.7 billion, reflecting execution of value chain growth strategyDistributable cash flow of $1.4 billion, enabling the return of $1.1 billion of capitalMPLX LP (NYSE:MPLX) today reported second-quarter 2025 net income attributable to MPLX of $1,048 million, compared with $1,176 million for the second quarter of 2024. For the first half

FINDLAY, Ohio, Aug. 5, 2025 /PRNewswire/ -- Second-quarter net income attributable to MPC of $1.2 billion, or $3.96 per diluted share$3.3 billion of adjusted EBITDA, driven by refining execution and commercial excellence; and continued Midstream strengthProgressed Permian Natural Gas & NGL growth strategies with MPLX's announced acquisition of Northwind Midstream$1.0 billion of capital returned, inclusive of $692 million of share repurchasesMarathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $1.2 billion, or $3.96 per diluted share, for the second quarter of 2025, compared with net income attributable to MPC of $1.5 billion, or $4.33 per diluted share, for

FINDLAY, Ohio, June 5, 2025 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, August 5, 2025, at 11 a.m. EDT to discuss 2025 second-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream and midstream energy company headquartered in

FINDLAY, Ohio, May 6, 2025 /PRNewswire/ -- Executing Natural Gas & NGL growth strategy with agreement to acquire 100% ownership in BANGL, LLC and FID of the Traverse natural gas pipelineFirst-quarter net income attributable to MPLX of $1.1 billion and net cash provided by operating activities of $1.2 billionAdjusted EBITDA attributable to MPLX of $1.8 billion, reflecting execution of value chain growth strategyDistributable cash flow of $1.5 billion, enabling the return of $1.1 billion of capitalMPLX LP (NYSE:MPLX) today reported first-quarter 2025 net income attributable to MPLX of $1,126 million, compared with $1,005 million for the first quarter of 2024. Adjusted earnings before interest

FINDLAY, Ohio, May 6, 2025 /PRNewswire/ -- First-quarter net loss attributable to MPC of $(74) million, or $(0.24) per diluted share mainly due to execution of second largest planned maintenance quarter in MPC history$2.0 billion of adjusted EBITDA, supported by the strength of the Midstream businessExecuting Natural Gas & NGL growth strategy with MPLX's agreement to acquire 100% ownership in BANGL, LLC and FID of the Traverse natural gas pipeline$1.3 billion of capital returned, inclusive of $1.1 billion of share repurchasesMarathon Petroleum Corp. (NYSE: MPC) today reported net loss attributable to MPC of $(74) million, or $(0.24) per diluted share, for the first quarter of 2025, compared

FINDLAY, Ohio, March 10, 2025 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, May 6, 2025, at 11 a.m. EDT to discuss 2025 first-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio.

FINDLAY, Ohio, Feb. 4, 2025 /PRNewswire/ -- Progresses Gulf Coast NGL strategy with announcement of fractionation complex and export terminalFull-year 2024 net income attributable to MPLX of $4.3 billion and adjusted EBITDA of $6.8 billion, up 10% and 8%, respectively, year over year$3.9 billion of capital returned to unitholders in 2024, reflecting 12.5% quarterly distribution increase and $326 million of unit repurchases2025 capital spending outlook of $2.0 billion, anticipating mid-teen returnsMPLX LP (NYSE:MPLX) today reported fourth-quarter 2024 net income attributable to MPLX of $1,099 million, compared with $1,134 million for the fourth quarter of 2023. Adjusted earnings before inter

FINDLAY, Ohio, Feb. 4, 2025 /PRNewswire/ -- Fourth-quarter net income attributable to MPC of $371 million, or $1.15 per diluted share; adjusted net income of $249 million, or $0.77 per adjusted diluted shareProgresses Midstream Gulf Coast NGL strategy with MPLX's announcement of fractionation complex and export terminal$10.2 billion of capital returned to shareholders through share repurchases and dividends in 2024Expect distributions from MPLX in 2025 will cover MPC's dividends and $1.25 billion standalone capital outlookMarathon Petroleum Corp. (NYSE:MPC) today reported net income attributable to MPC of $371 million, or $1.15 per diluted share, for the fourth quarter of 2024, compared wit

FINDLAY, Ohio, Dec. 11, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, February 4, 2025, at 11 a.m. EST to discuss 2024 fourth-quarter and full-year financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartere

FINDLAY, Ohio, Nov. 5, 2024 /PRNewswire/ -- Third-quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.4 billion$1.7 billion of adjusted EBITDA attributable to MPLX and $1.4 billion of distributable cash flow$949 million of capital returned to unitholdersIncreased quarterly distribution by 12.5% to $3.83 per unit annualizedExecuting growth strategy in the Northeast with additional processing plant; expected to bring total processing and fractionation capacity to 8.1 bcf/d and 800 mbpd, respectively, in the second half of 2026MPLX LP (NYSE:MPLX) today reported third-quarter 2024 net income attributable to MPLX of $1,037 million, compared

FINDLAY, Ohio, Nov 5, 2024 /PRNewswire/ -- Third-quarter net income attributable to MPC of $622 million, or $1.87 per diluted share$2.5 billion of adjusted EBITDA and $1.7 billion of net cash provided by operating activities Executing Midstream growth anchored in the Permian and Marcellus; $1.6 billion segment adjusted EBITDA in the third quarter, up nearly 6% year-over-yearAnnually MPC expects to receive distributions of $2.5 billion following MPLX's 12.5% quarterly distribution increase, building on the strong value proposition to MPC through our integrated relationship$3.0 billion of capital returned to shareholders; announced additional $5 billion share repurchase authorization and a 10

FINDLAY, Ohio, Sept. 6, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, November 5, 2024, at 11 a.m. EST to discuss 2024 third-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Oh

FINDLAY, Ohio, Aug. 6, 2024 /PRNewswire/ -- Second-quarter net income attributable to MPLX of $1.2 billion and net cash provided by operating activities of $1.6 billionAdjusted EBITDA attributable to MPLX of $1.7 billion and distributable cash flow of $1.4 billionReturned $949 million of capital to unitholdersProgressing Permian growth strategy; Preakness II processing plant began operations in July; announced increased ownership in BANGL NGL pipeline, and FID of the Blackcomb natural gas pipelineMPLX LP (NYSE:MPLX) today reported second-quarter 2024 net income attributable to MPLX of $1,176 million, compared with $933 million for the second quarter of 2023. Second-quarter 2024 net income i

FINDLAY, Ohio, Aug. 6, 2024 /PRNewswire/ -- Second-quarter net income attributable to MPC of $1.5 billion, or $4.33 per diluted share; adjusted net income of $1.4 billion, or $4.12 per diluted shareAdjusted EBITDA of $3.4 billion and net cash provided by operating activities of $3.2 billion, reflecting strong operational and commercial performance Advanced Midstream growth; $1.6 billion segment adjusted EBITDA in the second quarter, up 6% year-over-year, focused in the Permian and MarcellusMPC received $550 million quarterly distribution from MPLX, demonstrating the value of the strategic relationshipReturned $3.2 billion of capital through $2.9 billion of share repurchases and $290 million

FINDLAY, Ohio, June 11, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, August 6, 2024, at 11 a.m. EDT to discuss 2024 second-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohi

Researched by Industrial Info Resources--The U.S. Petroleum Refining Industry is bracing for a very busy summer, with some production already ramping up in May. Still, the industry has more than a few turnarounds scheduled to begin in the third quarter. Industrial Info is tracking about $640 million worth of maintenance-related projects in the U.S. Petroleum Refining Industry that are set to kick off from July through September, more than 40% of which is in Texas and Louisiana. One refinery accounts for about 25% of the projected third-quarter investment in industry turnarounds: PBF Energy Incorporated's ((PBF) (Parsippany, New Jersey) Chalmette Refinery in Chalmette, Louisiana, which has

FINDLAY, Ohio, April 30, 2024 /PRNewswire/ -- First-quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.3 billionAdjusted EBITDA attributable to MPLX of $1.6 billion and distributable cash flow of $1.4 billionReturned $951 million of capital to unitholdersAdvanced growth strategy with processing plants in the Marcellus and Permian basins; Harmon Creek II in service and Preakness II approaching startupAcquired partner's interest in Utica G&P joint ventures and a dry gas gathering systemMPLX LP (NYSE:MPLX) today reported first-quarter 2024 net income attributable to MPLX of $1,005 million, compared with $943 million for the first quarter

FINDLAY, Ohio, April 30, 2024 /PRNewswire/ -- First-quarter net income attributable to MPC of $937 million, or $2.58 per diluted share; adjusted EBITDA of $3.3 billionNet cash provided by operating activities of $1.5 billion; safely and successfully completed largest planned maintenance quarter in MPC history, including at four of its largest refineriesAdvanced midstream growth strategy, with new processing plants in the Marcellus and Permian basins and acquisition of Utica midstream assets; MPLX distributed $550 million to MPCReturned $2.5 billion of capital through $2.2 billion of share repurchases and $299 million of dividendsAnnounced additional $5 billion share repurchase authorization

FINDLAY, Ohio, March 19, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, April 30, 2024, at 11 a.m. EDT to discuss 2024 first-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohi

FINDLAY, Ohio, Jan. 30, 2024 /PRNewswire/ -- Fourth-quarter net income attributable to MPLX of $1.1 billion and adjusted EBITDA of $1.6 billionFull-year 2023 net income attributable to MPLX of $3.9 billion and adjusted EBITDA of $6.3 billionFull-year 2023 net cash provided by operating activities of $5.4 billion and distributable cash flow of $5.3 billion Returned $3.3 billion of capital to unitholders for the full year, reflecting 10% quarterly distribution increase for second consecutive yearAdvancing Permian growth strategy with acquisition of partner's interest in G&P joint venture2024 capital spending outlook of $1.1 billionMPLX LP (NYSE:MPLX) today reported fourth-quarter 2023 net inc

FINDLAY, Ohio, Jan. 30, 2024 /PRNewswire/ --  Fourth-quarter net income attributable to MPC of $1.5 billion, or $3.84 per diluted share; adjusted net income of $1.5 billion, or $3.98 per adjusted diluted shareFull-year 2023 net income attributable to MPC of $9.7 billion, or $23.63 per diluted share; adjusted net income of $9.7 billion, or $23.63 per adjusted diluted shareFull-year net cash provided by operating activities of $14.1 billion, supporting the return of $12.8 billion of capital to shareholders in 20232024 MPC standalone (excluding MPLX) capital spending outlook of $1.25 billionMarathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $1.5 billion, or $

FINDLAY, Ohio, Dec. 8, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, January 30, 2024, at 11 a.m. EST to discuss 2023 fourth-quarter and full-year financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered

FINDLAY, Ohio, Sept. 12, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, October 31, 2023, at 11 a.m. EDT to discuss 2023 third-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay,

FINDLAY, Ohio, Aug. 1, 2023 /PRNewswire/ -- Reported second-quarter net income attributable to MPLX of $933 million and generated net cash provided by operating activities of $1,437 millionAdjusted EBITDA attributable to MPLX of $1,531 millionDistributable cash flow of $1,315 millionAdvancing Permian strategy with announcement of seventh gas processing plant and expansion of the BANGL PipelineReturned $799 million in capital to unitholders through distributionsMPLX LP (NYSE:MPLX) today reported second-quarter 2023 net income attributable to MPLX of $933 million, compared with $875 million for the second quarter of 2022.  Adjusted earnings before interest, taxes, depreciation, and amortizatio

FINDLAY, Ohio, Aug. 1, 2023 /PRNewswire/ --  Second-quarter net income attributable to MPC of $2.2 billion, or $5.32 per diluted share; adj. EBITDA of $4.5 billionNet cash provided by operating activities of $4.0 billion, reflecting sustained commercial improvementsExecuting disciplined capital program across Refining & Marketing, Midstream, and low carbon projectsReturned $3.4 billion of capital through $3.1 billion of share repurchases and $316 million of dividendsMarathon Petroleum Corp. (NYSE:MPC) today reported net income attributable to MPC of $2.2 billion, or $5.32 per diluted share, for the second quarter of 2023, compared with net income attributable to MPC of $5.9 billion, or $10.9

FINDLAY, Ohio, June 13, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, August 1, 2023, at 11 a.m. EDT to discuss 2023 second-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum CorporationMPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio.

FINDLAY, Ohio, May 2, 2023 /PRNewswire/ -- First-quarter net income attributable to MPLX of $943 million and net cash provided by operating activities of $1,227 million, up 14% and 9%, respectively, year over yearAdjusted EBITDA attributable to MPLX of $1,519 million, up 9% year over yearDistributable cash flow of $1,268 million, up 5% year over yearAdvancing growth projects anchored in the Marcellus, Permian and Bakken basinsReturned $821 million in capital to unitholders through distributionsMPLX LP (NYSE:MPLX) today reported first-quarter 2023 net income attributable to MPLX of $943 million, compared with $825 million for the first quarter of 2022.  Adjusted earnings before interest, taxe

FINDLAY, Ohio, May 2, 2023 /PRNewswire/ -- First-quarter net income attributable to MPC of $2.7 billion, or $6.09 per diluted share; adj. EBITDA of $5.2 billionNet cash provided by operating activities of $4.1 billion, reflecting strong executionCommenced STAR project operations; progressed Martinez Renewable Fuels facility into Phase IIReturned $3.5 billion of capital through $3.2 billion of share repurchases and $337 million of dividendsAnnounced additional $5 billion share repurchase authorizationMarathon Petroleum Corp. (NYSE:MPC) today reported net income attributable to MPC of $2.7 billion, or $6.09 per diluted share, for the first quarter of 2023, compared with net income attributable

FINDLAY, Ohio, March 9, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, May 2, 2023, at 11 a.m. EDT to discuss 2023 first-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum CorporationMPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The

FINDLAY, Ohio, Jan. 31, 2023 /PRNewswire/ -- Fourth-quarter net income attributable to MPLX of $816 million and full-year net income of $3.9 billionFourth-quarter adjusted EBITDA attributable to MPLX of $1.5 billion and full-year 2022 adjusted EBITDA of $5.8 billionFull-year 2022 net cash provided by operating activities of $5.0 billion and over $3.5 billion in capital returned to unitholdersAnnounced 2023 MPLX capital spending outlook of $950 millionMPLX LP (NYSE:MPLX) today reported fourth-quarter 2022 net income attributable to MPLX of $816 million, compared with $830 million for the fourth quarter of 2021.  Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)

FINDLAY, Ohio, Jan. 31, 2023 /PRNewswire/ -- Fourth-quarter net income attributable to MPC of $3.3 billion, or $7.09 per diluted share; adj. net income of $3.1 billion, or $6.65 per diluted share; adj. EBITDA of $5.8 billionFull-year net cash provided by operating activities of $16.4 billion, reflecting improving operational and commercial executionReturned $13.2 billion of capital to shareholders in 2022; $11.9 billion through share repurchases and $1.3 billion through dividends2023 MPC standalone capital spending outlook of $1.3 billion; approximately 40% of growth capital for low carbon projectsAnnounced incremental $5 billion share repurchase authorizationMarathon Petroleum Corp. (NYSE:M

FINDLAY, Ohio, Dec. 16, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, January 31, 2023, at 11 a.m. EST to discuss 2022 fourth-quarter and full-year financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered

FINDLAY, Ohio, Nov. 1, 2022 /PRNewswire/ -- Reported third-quarter net income attributable to MPLX of $1,428 million; includes $509 million non-cash lease reclassification gainReported adjusted EBITDA attributable to MPLX of $1,471 million, up 6% year over yearGenerated $1,039 million in net cash provided by operating activities Returned $935 million of capital to unitholders through $755 million of distributions and $180 million of unit repurchasesAnnounced distribution increase of 10% to $0.775 per unit, resulting in a coverage ratio of 1.6xMPLX LP (NYSE:MPLX) today reported third-quarter 2022 net income attributable to MPLX of $1,428 million, compared with $802 million for the third quart

FINDLAY, Ohio, Nov. 1, 2022 /PRNewswire/ -- Net income attributable to MPC of $4.5 billion, or $9.06 per diluted share; reported adjusted net income of $3.9 billion, or $7.81 per diluted shareAdjusted EBITDA of $6.8 billion; improving operational and commercial execution as the refining system ran at near full utilization to meet demandMPLX increases distribution 10%; MPC expects to receive a total of $2 billion on an annual basisCompleted $15 billion return of capital commitment utilizing the proceeds from the Speedway divestiture; repurchased approximately 30% of outstanding shares Announced dividend increase of approximately 30% to $0.75 per shareMarathon Petroleum Corp. (NYSE:MPC) today

FINDLAY, Ohio, Sept. 14, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, November 1, 2022, at 11 a.m. ET to discuss 2022 third-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohi

FINDLAY, Ohio, August 2, 2022 /PRNewswire/ -- Reported second-quarter net income attributable to MPLX of $875 million and adjusted EBITDA attributable to MPLX of $1.5 billion Generated $1.5 billion in net cash provided by operating activities Returned over $750 million of capital to unitholders through distributions and unit repurchasesAnnounces incremental $1 billion repurchase authorization for units held by publicRenewed transportation services agreements with MPC for 10 yearsMPLX LP (NYSE:MPLX) today reported second-quarter 2022 net income attributable to MPLX of $875 million, compared with $706 million for the second quarter of 2021. Adjusted earnings before interest, taxes, depreciatio

FINDLAY, Ohio, Aug. 2, 2022 /PRNewswire/ -- Net income attributable to MPC of $5.9 billion, or $10.95 per diluted share; reported adjusted net income of $5.7 billion, or $10.61 per diluted shareAdjusted EBITDA of $9.1 billion, as the refining system ran at full utilization to meet demand Maintaining focus on low-cost culture and improving commercial performancePublished annual Sustainability and Climate Perspectives reports, demonstrating continued progress toward goalsMarathon Petroleum Corp. (NYSE:MPC) today reported net income attributable to MPC of $5.9 billion, or $10.95 per diluted share, for the second quarter of 2022, compared with net income attributable to MPC of $8.5 billion, or $

FINDLAY, Ohio, June 16, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, August 2, 2022, at 11 a.m. EDT to discuss 2022 second-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy compa

FINDLAY, Ohio, May 3, 2022 /PRNewswire/ -- Net income attributable to MPC of $845 million, or $1.49 per diluted shareAdjusted EBITDA of $2.6 billion, of which $1.4 billion is Refining and MarketingNet cash provided by operating activities of $2.5 billion, inclusive of $0.6 billion of favorable changes in working capital~$8 billion of shares repurchased since inception of capital return programAnnounced 15% Scope 3 absolute greenhouse gas emission reduction target by 2030Marathon Petroleum Corp. (NYSE:MPC) today reported net income attributable to MPC of $845 million, or $1.49 per diluted share, for the first quarter of 2022, compared with a net loss of $242 million, or $(0.37) per diluted sh

FINDLAY, Ohio, March 22, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, May 3, 2022, at 11 a.m. ET to discuss 2022 first-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum CorporationMPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The

FINDLAY, Ohio, Feb. 2, 2022 /PRNewswire/ -- Reported fourth-quarter net income of $774 million, or $1.27 per diluted share; reported adjusted net income of $794 million, or $1.30 per diluted share Returned approximately $3 billion of capital through share repurchases since Oct 31; completed approximately 55% of $10 billion repurchase program through Jan 31; announced an incremental $5 billion repurchase authorization Announced 2022 MPC standalone capital spending outlook of $1.7 billion; approximately 50% of growth capital for Martinez refinery conversion Martinez renewable fuels project total cost of $1.2 billion; approximately $300 million spent to date, $700 million for 2022, and $200 mi

FINDLAY, Ohio, Dec. 17, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Wednesday, Feb. 2, 2022, at 11 a.m. EST to discuss 2021 fourth-quarter and full-year financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in

FINDLAY, Ohio, Nov. 2, 2021 /PRNewswire/ -- Reported third-quarter net income of $694 million, or $1.09 per diluted share; reported adjusted net income of $464 million, or $0.73 per diluted share Progressing portfolio optimization by pursuing strategic alternatives for the Kenai refinery and related operations, which could include a sale; and continuing focus on lowering the cost structure Completed ~25% of $10 billion capital return program through Oct 31; committed to complete remaining $7.5 billion by year-end 2022 Exceptionally strong year-to-date cash flow at MPLX supports a third quarter distribution consisting of a 2.5% increase to the base distribution amount and a special distribut

FINDLAY, Ohio, Sept. 22, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, November 2, 2021, at 11 a.m. EDT to discuss 2021 third-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on the company's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Fin

FINDLAY, Ohio, Sept. 22, 2021 /PRNewswire/ -- MPLX LP (NYSE:MPLX), a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE:MPC), will host a conference call on Tuesday, November 2, 2021, at 9:30 a.m. EDT to discuss 2021 third-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including this earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership tha

FINDLAY, Ohio, Aug. 4, 2021 /PRNewswire/ -- Reported second-quarter income of $8.5 billion, or $13.00 per diluted share, which includes net pre-tax benefits of $11.6 billion; reported adjusted income of $437 million, or $0.67 per diluted share Continued focus on advancing renewable projects and lowering cost structure Closed Speedway sale; repurchased approximately $1 billion of shares and commencing next steps towards completing the remaining $9 billion return of capital Published annual Sustainability and Climate ReportsMarathon Petroleum Corp. (NYSE:MPC) today reported net income of $8.5 billion, or $13.00 per diluted share, for the second quarter of 2021, compared with net income of $9 m