Marathon Petroleum Corp. Reports Second-Quarter 2026 Results

About this update from Marathon Petroleum Corporation

FINDLAY, Ohio, Aug. 4, 2026 /PRNewswire/ --Second-quarter net income attributable to MPC of $5.1 billion, or $17.73 per diluted share$8.5 billion of adjusted EBITDA, with strong commercial and operational performance across the systemExecuting value-enhancing capital strategy; El Paso and Robinson yield-enhancing investments online in 2Q26, extending the competitive position of these refining assetsAdvancing MPLX Natural Gas and NGL value chain growth strategy, expected to support 12.5% annual distribution growth in 2026 and 2027$2.8 billion of capital returned, reflecting strong cash generation and disciplined execution of our capital allocation prioritiesMarathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $5.1 billion, or $17.73 per diluted share, for the second quarter of 2026. This compares with a net income attributable to MPC of $1.2 billion, or $3.96 per diluted share, for the second quarter of 2025.The second quarter of 2026 adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA) was $8.5 billion, compared with $3.3 billion for the second quarter of 2025."Strong planning, commercial, and operational execution enabled safe and reliable operations to meet resilient consumer demand. Our results reflect the differentiated capabilities of our value chains and the execution of our optimization strategies," said Chairman, President and Chief Executive Officer Maryann Mannen. "The completion of two high-return, yield-enhancing refining investments further position us to deliver incremental value. MPLX's execution of its Natural Gas and NGL strategy supports durable growth and increasing distributions that differentiate MPC, allowing us to lead in capital return."Results from OperationsAdjusted EBITDA (unaudited)Three Months Ended June 30,Six Months Ended June 30,(In millions)2026202520262025Refining & Marketing segment adjusted EBITDA$6,655$1,890$8,032$2,379Midstream segment adjusted EBITDA1,7781,6413,3763,361Renewable Diesel segment adjusted EBITDA258(19)296(61)Subtotal8,6913,51211,7045,679Corporate(256)(243)(530)(453)Add: Depreciation and amortization25174935Adjusted EBITDA$8,460$3,286$11,223$5,261Refining & Marketing (R&M)Segment adjusted EBITDA was $6.7 billion in the second quarter of 2026, versus $1.9 billion for the second quarter of 2025. R&M segmen...

View stock analysis, news, and events for Marathon Petroleum Corporation