Marathon Petroleum Corporation · NYSE:MPC
Marathon Petroleum — Q3 2020 Earnings Presentation
16 slides from Marathon Petroleum's earnings presentation, Nov 2, 2020
Slide 1: Third Quarter 2020 Table of Contents
Third Quarter 2020 Table of Contents: Historical and Recast Operating Results and Adjusted EBITDA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 . . . .Investor . . . . . . . . Relations Income Summary . . . . . . . . . . . . . . . . . . . . . . . . . .
Slide 2: Historical and Recast Operating Results and Adjusted EBITDA
HISTORICAL AND RECAST OPERATING RESULTS AND ADJUSTED EBITDA MARATHON PETROLEUM CORPORATION (Includes the results of Andeavor from the October 1, 2018 acquisition date forward.) As a result of the agreement to sell the Speedway business, its results are reported separately as discontined operations f
Slide 3: Income Summary
INCOME SUMMARY MARATHON PETROLEUM CORPORATION (Includes the results of Andeavor from the October 1, 2018 acquisition date forward.) As a result of the agreement to sell the Speedway business, its results are reported separately as discontined operations for all periods presented. Corporate costs are
Slide 4: Consolidated Statements of Income
CONSOLIDATED STATEMENTS OF INCOME MARATHON PETROLEUM CORPORATION (Includes the results of Andeavor from the October 1, 2018 acquisition date forward.) As a result of the agreement to sell the Speedway business, its results are reported separately as discontined operations for all periods presented.
Slide 5: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS MARATHON PETROLEUM CORPORATION As a result of the agreement to sell the Speedway business, its assets and liabilities have been reclassified in our consolidated balance sheets to assets and liabilities held for sale for all periods presented. Dec. 31 Mar. 31 Jun. 30 Sep.
Slide 6: Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS MARATHON PETROLEUM CORPORATION As a result of the agreement to sell the Speedway business, we separately disclosed the operating and investing cash flows of the Speedway business as discontinued operations within our consolidated statements of cash flow for alll
Slide 7: Refining & Marketing Segment - Supplemental Financial and Operating Data
REFINING & MARKETING SEGMENT - SUPPLEMENTAL FINANCIAL AND OPERATING DATA MARATHON PETROLEUM CORPORATION (Includes the results of Andeavor from the October 1, 2018 acquisition date forward.) Prior to presentation of Speedway as discontinued operations, Speedway and our retained direct dealer business
Slide 8: Refining & Marketing Supplemental Operating Data - Gulf Coast Region
REFINING & MARKETING SEGMENT - SUPPLEMENTAL OPERATING DATA - GULF COAST REGION MARATHON PETROLEUM CORPORATION Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr Note 2018 2019 2019 2019 2019 2019 2020 2020 2020 Gulf Coast Region: a Dollar per barrel of refinery throughput: b 1 Refinin
Slide 9: Refining & Marketing Supplemental Operating Data - Mid-Continent Region
REFINING & MARKETING SEGMENT - SUPPLEMENTAL OPERATING DATA - MID-CONTINENT REGION MARATHON PETROLEUM CORPORATION Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr Note 2018 2019 2019 2019 2019 2019 2020 2020 2020 Mid-Continent Region: a Dollar per barrel of refinery throughput: b 1 R
Slide 10: Refining & Marketing Supplemental Operating Data - West Coast Region
REFINING & MARKETING SEGMENT - SUPPLEMENTAL OPERATING DATA - WEST COAST REGION MARATHON PETROLEUM CORPORATION Prior to presentation of Speedway as discontinued operations, Speedway and our retained direct dealer business were the two reporting units within our Retail segment. Beginning with the thir
Slide 11: Midstream Segment - Supplemental Financial and Operating Data
MIDSTREAM SUMMARY - SUPPLEMENTAL FINANCIAL AND OPERATING DATA MARATHON PETROLEUM CORPORATION (Includes the results of Andeavor from the October 1, 2018 acquisition date forward) Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr Note 2018 2019 2019 2019 2019 2019 2020 2020 2020 1 Inco
Slide 12: Speedway Discontinued Operations - Supplemental Financial and Operating Data
SPEEDWAY DISCONTINUED OPERATIONS - SUPPLEMENTAL FINANCIAL AND OPERATING DATA MARATHON PETROLEUM CORPORATION (Includes the results of Andeavor from the October 1, 2018 acquisition date forward.) As a result of the agreement to sell the Speedway business, its results are reported separately as discont
Slide 13: Reconciliation of Net Income Attributable to MPC to Adjusted EBITDA
RECONCILIATION OF NET INCOME (LOSS) ATTRIBUTABLE TO MPC TO ADJUSTED EBITDA MARATHON PETROLEUM CORPORATION Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr (In millions of dollars) Note 2018 2019 2019 2019 2019 2019 2020 2020 2020 1 Net income (loss) attributable to MPC 2,780 (7) 1,1
Slide 14: Reconciliation of Refining & Marketing Margin to Segment Results
RECONCILIATION OF REFINING & MARKETING INCOME FROM OPERATIONS TO REFINING & MARKETING MARGIN MARATHON PETROLEUM CORPORATION Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr (In millions of dollars) 2018 2019 2019 2019 2019 2019 2020 2020 2020 1 Refining & Marketing income (loss) fro
Slide 15: Reconciliation of Refining & Marketing Margin to Gross Margin and Segment Results
RECONCILIATION OF REFINING & MARKETING INCOME FROM OPERATIONS TO REFINING & MARKETING GROSS MARGIN AND REFINING & MARKETING MARGIN MARATHON PETROLEUM CORPORATION 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr (In millions of dollars) Note 2019 2019 2019 2019 2019 2020 2020 2020 1 Refin
Slide 16: Reconciliation of Speedway Margin to Gross Margin and Discontinued Operations
RECONCILIATION OF INCOME FROM DISCONTINUED OPERATIONS TO SPEEDWAY GROSS MARGIN AND SPEEDWAY MARGIN MARATHON PETROLEUM CORPORATION Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr (In millions of dollars) Note 2018 2019 2019 2019 2019 2019 2020 2020 2020 1 Income from discontinued op