MPC earnings date & Q2 2026 results · Marathon Petroleum
US GAAP · $M · vs Q2 2025 · reported 08/04/2026
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. · Wikipedia
More about the company
The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
Key growth driver: Sales & Operating Revenues — the fastest-growing revenue line: $51,994, +54% y/y. · by the Q2 2026 report
When is MPC’s next earnings date?
Tuesday, November 3, 2026confirmed · before market open
Marathon Petroleum (MPC) is scheduled to report results for the quarter ending Sep 2026 on Nov 3, 2026. Consensus EPS forecast: $23.15 (5 analysts), vs $3.01 in the same quarter last year.
What time does MPC report? Usually before market open: the last 4 results releases reached the SEC at 6:49 am, 6:48 am, 4:46 pm, 6:33 am ET.
Last report: Aug 4, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$52,337
+53%
Operating income
$7,322
+233%
14.0% margin
Net income
$5,538
+244%
Verdict: a refining-margin windfall — net income attributable to MPC more than quadrupled to $5.1B as Refining & Marketing margin doubled to $36.33 per barrel, renewable diesel swung to profit, and MPLX kept delivering steady midstream growth; buybacks amplified EPS to +348%.
R&M margin $36.33/bbl (vs $17.58) · R&M adj. EBITDA $6.7B (vs $1.9B) · Midstream adj. EBITDA $1.8B (+8%) · Renewable Diesel $258M (vs −$19M) · capex $1.4B (Midstream $1.0B).
Source and notation
* marks non-cash / ≈ estimated. Source: Marathon Petroleum press release, 8-K EX-99.1 (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
MPC earnings history: past report dates
| Aug 4, 2026 Tue | 6:49 ambefore market open | Jun 30, 2026 | $52.0B+54% y/y | $17.73+348% y/y |
| Apr 13, 2026 Mon | 4:46 pmafter market close | Mar 31, 2026 | $34.2B+9% y/y | $1.73 |
| Feb 3, 2026 Tue | 6:33 ambefore market open | Dec 31, 2025 | ≈$32.6B−2% y/y | ≈$4.99+284% y/y |
| Nov 4, 2025 Tue | 6:34 ambefore market open | Sep 30, 2025 | $34.8B−1% y/y | $4.51+141% y/y |
| Aug 5, 2025 Tue | 6:34 ambefore market open | Jun 30, 2025 | $33.8B−11% y/y | $3.96−9% y/y |
| May 6, 2025 Tue | 6:31 ambefore market open | Mar 31, 2025 | $31.5B−4% y/y | −$0.24 |
| Feb 4, 2025 Tue | 6:32 ambefore market open | Dec 31, 2024 | ≈$33.1B−9% y/y | ≈$1.30−67% y/y |
| Nov 5, 2024 Tue | 6:42 ambefore market open | Sep 30, 2024 | $35.1B−14% y/y | $1.87−77% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Marathon Petroleum: 5-year financials
| 2025 | 132,699 | 8,291 | 4,047 | 4,767 | 1,140 |
| 2024 | 138,864 | 6,796 | 3,445 | 6,132 | 1,154 |
| 2023 | 148,379 | 14,514 | 9,681 | 12,227 | 1,261 |
| 2022 | 177,453 | 21,469 | 14,516 | 13,941 | 1,279 |
| 2021 | 119,983 | 4,300 | 9,738 | 2,896 | 1,484 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Feb 20262025 10-K: a single class of common stock; legal proceedings cover environmental and pipeline disputes, with no shareholder suits or SEC investigations. sec.gov ↗
- Dec 2025Diluted share count fell 52.9% over 2020–2025 on buybacks of up to $11.9B a year. data.sec.gov ↗
- Dec 2025The dividend per share was maintained in 2021 ($2.32) and rose to $3.73 in 2025. data.sec.gov ↗
Scoring: 2.0, no deductions: single class of stock, share count −53% over 5 years through buybacks, dividend never cut and rising; no shareholder suits or SEC disclosure cases in 10-Ks for 2013–2026
- Share classes
- Single class — MPC common stock on the NYSE (cover of 2025 10-K).
- Dilution
- Diluted share count 2020→2025 −52.9% (XBRL); SBC 0.1% of revenue; the all-stock acquisition of Andeavor (2018) falls outside the 5-year window and was done at market.
- Disclosure
- Full 10-K/10-Q reporting.
- Dividends
- Dividend per share: $2.32 (2020 and 2021, no pandemic cut) → $3.73 (2025); buybacks of $3.5–11.9B a year.
- Lawsuits & regulators
- The 2025 10-K lists environmental and climate suits and pipeline matters (not shareholder suits); no shareholder disclosure suits or SEC cases found in 10-Ks for 2013–2026.
- Related parties
- MPC controls MPLX (intra-group transactions are disclosed; the risk falls on MPLX minority holders, not MPC's); 2026 proxy — $0.68M in consulting fees to a former senior executive and employment of his sons in rank-and-file roles.
How the score works · checked as of Sep 2026
Marathon Petroleum (MPC) earnings: FAQ
When is MPC's next earnings date?
Marathon Petroleum (MPC) is scheduled to report on Nov 3, 2026, before market open.
What time does MPC report earnings?
Marathon Petroleum is scheduled to report before market open on Nov 3, 2026. Its last results releases were filed before market open, most recently at 6:49 am ET on Aug 4, 2026.
When did MPC last report earnings?
Marathon Petroleum reported Q2 2026 results on Aug 4, 2026.
What is the EPS estimate for MPC's next earnings?
The consensus EPS forecast is $23.15 (5 analysts), vs $3.01 in the same quarter last year.
Where can I find Marathon Petroleum's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to MPC's filings; this page breaks the latest report down in a Sankey chart.
What was MPC's net income in Q2 2026?
Marathon Petroleum reported net income of $5,538M for Q2 2026 (+244% year over year), under US GAAP.
Does Marathon Petroleum pay dividends?
Yes. In 2025, Marathon Petroleum paid $1,140M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/26/2026. How we make the breakdowns · Report an error
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