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Marathon Earnings Calls
| Release date | May 05, 2026 |
| EPS estimate | $0.739 |
| EPS actual | $1.65 |
| EPS Surprise | 123.27% |
| Revenue estimate | 33.419B |
| Revenue actual | 34.568B |
| Revenue Surprise | 3.44% |
| Release date | Feb 03, 2026 |
| EPS estimate | $2.72 |
| EPS actual | $4.07 |
| EPS Surprise | 49.63% |
| Revenue estimate | 31.085B |
| Revenue actual | 33.422B |
| Revenue Surprise | 7.52% |
| Release date | Nov 04, 2025 |
| EPS estimate | $3.15 |
| EPS actual | $3.01 |
| EPS Surprise | -4.44% |
| Revenue estimate | 33.454B |
| Revenue actual | 34.809B |
| Revenue Surprise | 4.05% |
| Release date | Aug 05, 2025 |
| EPS estimate | $3.24 |
| EPS actual | $3.96 |
| EPS Surprise | 22.22% |
| Revenue estimate | 33.322B |
| Revenue actual | 33.799B |
| Revenue Surprise | 1.43% |
Last 4 Quarters for Marathon
Below you can see how MPC performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 05, 2025 |
| Price on release | $168.92 |
| EPS estimate | $3.24 |
| EPS actual | $3.96 |
| EPS surprise | 22.22% |
| Date | Price |
|---|---|
| Jul 30, 2025 | $170.78 |
| Jul 31, 2025 | $170.19 |
| Aug 01, 2025 | $165.53 |
| Aug 04, 2025 | $167.96 |
| Aug 05, 2025 | $168.92 |
| Aug 06, 2025 | $162.44 |
| Aug 07, 2025 | $161.51 |
| Aug 08, 2025 | $160.84 |
| Aug 11, 2025 | $158.59 |
| 4 days before | -1.09% |
| 4 days after | -6.12% |
| On release day | -3.84% |
| Change in period | -7.14% |
| Release date | Nov 04, 2025 |
| Price on release | $183.78 |
| EPS estimate | $3.15 |
| EPS actual | $3.01 |
| EPS surprise | -4.44% |
| Date | Price |
|---|---|
| Oct 29, 2025 | $195.75 |
| Oct 30, 2025 | $195.63 |
| Oct 31, 2025 | $194.91 |
| Nov 03, 2025 | $195.79 |
| Nov 04, 2025 | $183.78 |
| Nov 05, 2025 | $186.18 |
| Nov 06, 2025 | $192.72 |
| Nov 07, 2025 | $193.76 |
| Nov 10, 2025 | $196.35 |
| 4 days before | -6.11% |
| 4 days after | 6.84% |
| On release day | 1.31% |
| Change in period | 0.307% |
| Release date | Feb 03, 2026 |
| Price on release | $187.58 |
| EPS estimate | $2.72 |
| EPS actual | $4.07 |
| EPS surprise | 49.63% |
| Date | Price |
|---|---|
| Jan 28, 2026 | $172.01 |
| Jan 29, 2026 | $175.74 |
| Jan 30, 2026 | $176.19 |
| Feb 02, 2026 | $176.91 |
| Feb 03, 2026 | $187.58 |
| Feb 04, 2026 | $195.92 |
| Feb 05, 2026 | $195.83 |
| Feb 06, 2026 | $203.00 |
| Feb 09, 2026 | $204.26 |
| 4 days before | 9.05% |
| 4 days after | 8.89% |
| On release day | 4.45% |
| Change in period | 18.75% |
| Release date | May 05, 2026 |
| Price on release | $260.51 |
| EPS estimate | $0.739 |
| EPS actual | $1.65 |
| EPS surprise | 123.27% |
| Date | Price |
|---|---|
| Apr 29, 2026 | $241.81 |
| Apr 30, 2026 | $248.29 |
| May 01, 2026 | $246.15 |
| May 04, 2026 | $252.54 |
| May 05, 2026 | $260.51 |
| May 06, 2026 | $245.78 |
| May 07, 2026 | $242.26 |
| May 08, 2026 | $244.87 |
| May 11, 2026 | $252.48 |
| 4 days before | 7.73% |
| 4 days after | -3.08% |
| On release day | -5.65% |
| Change in period | 4.41% |
Marathon Earnings Call Transcript Summary of Q1 2026
Marathon Petroleum reported strong first-quarter 2026 execution driven by its integrated refining, marketing and midstream capabilities. Operational highlights included 89% refinery utilization, ~99% capture, lowest unplanned downtime in the decade, and completion of ~40% of planned 2026 maintenance. Financially, MPC delivered adjusted EPS of $1.65 and adjusted EBITDA of $2.8 billion, with R&M adjusted EBITDA per barrel of $5.37. The company invested ~$330 million in R&M during the quarter, prioritizing high-return yield and jet-flexibility projects (notably Garyville and Robinson). MPLX is investing >$2.4 billion in 2026 ( ~90% toward natural gas/NGL), with near-term assets transitioning to cash generation in H2; MPLX expects ~12.5% distribution growth for the next two years. Management emphasized resilience to Middle East-driven market disruption (est. ~6 million bpd of refined products capacity offline), strong export opportunities, and advantaged U.S./Canadian crude sourcing. MPC returned >$1 billion to shareholders in Q1 and announced a new $5 billion share repurchase authorization, reiterating disciplined capital allocation and a focus on sustained high returns.
