Business
Marathon Petroleum Corp. Reports First-Quarter 2025 Results
Marathon Petroleum Corp. Reports First-Quarter 2025 Results
About this update from Marathon Petroleum Corporation
[{"type":"text","content":"FINDLAY, Ohio, May 6, 2025 /PRNewswire/ --","length":42,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"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","length":174,"tagName":"p"}]},{"val":[{"type":"text","content":"$2.0 billion of adjusted EBITDA, supported by the strength of the Midstream business","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":"Executing Natural Gas & NGL growth strategy with MPLX's agreement to acquire 100% ownership in BANGL, LLC and FID of the Traverse natural gas pipeline","length":158,"tagName":"p"}]},{"val":[{"type":"text","content":"$1.3 billion of capital returned, inclusive of $1.1 billion of share repurchases","length":80,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":496,"olType":false},{"type":"text","content":"Marathon 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 with net income attributable to MPC of $937 million, or $2.58 per diluted share, for the first quarter of 2024.","length":285,"tagName":"p"},{"type":"text","content":"The first quarter of 2025 adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA) was $2.0 billion, compared with $3.3 billion for the first quarter of 2024. Adjustments are shown in the accompanying release tables.","length":250,"tagName":"p"},{"type":"text","content":""Our first quarter results reflect the safe and successful execution of the second largest planned maintenance quarter in our company's history and strong commercial performance," said President and Chief Executive Officer Maryann Mannen. "Our Midstream business delivered an 8% increase in segment adjusted EBITDA over the prior year, and executed on our Natural Gas and NGL growth strategies. For our refining business, we are positioned to meet summer demand as seasonal trends are expected to improve margins and we remain constructive on its long-term outlook. We believe we are positioned over time to deliver peer-leading capital returns."","length":670,"tagName":"p"},{"type":"text","content":"Results from Operations","length":23,"tagName":"p"},{...