Citable filing context
MPC's research view summarizes recent SEC filing context, starting with earnings from Aug 4, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 4, 2026 | earnings | Marathon Petroleum reported second-quarter 2026 net income of $5.1 billion, or $17.73 per diluted share. |
| Jun 29, 2026 | management_change | Marathon Petroleum announced the passing of director Abdulaziz F. Alkhayyal on June 26, 2026. |
| May 5, 2026 | earnings | MPC reported Q1 2026 net income of $511 million and announced a $5 billion share repurchase authorization. |
| Aug 4, 2026 | Guidance: capital_spending | not reported to 1.50 |
| Aug 4, 2026 | Guidance: mplx_growth_capital_spending | not reported to 2.90 |
| Aug 4, 2026 | Guidance: refinery_throughput | not reported to 3005.00 |
| Aug 4, 2026 | mda_quarterly | Marathon Petroleum Corporation (MPC) reported strong financial performance for the second quarter of 2026, with net income attributable to MPC rising to $5.14 billion, compared to $1.22 billion in the same period of 2025. This growth was driven by robust results across all three reportable segments: Refining & Marketing, Midstream, and Renewable Diesel. Segment adjusted EBITDA reached $8.69 billion for the quarter, significantly outpacing the $3.51 billion recorded in the prior-year period. The company continues to execute a capital-intensive growth strategy, particularly within its Midstream segment, which is primarily conducted through its majority-owned subsidiary, MPLX. Key strategic moves include the 2025 acquisitions of Northwind Midstream and BANGL, LLC, which have expanded MPLX’s Permian Basin natural gas and NGL value chain. Conversely, the company divested non-core Rockies gathering and processing assets. MPC maintains a disciplined capital allocation framework, returning significant value to shareholders through aggressive share repurchases. During the second quarter of 2026, the company repurchased $2.5 billion in common stock, supported by a $5.0 billion authorization approved in May 2026. Operationally, the company is managing risks related to environmental compliance, ongoing climate change litigation, and potential regulatory impacts on its renewable fuel production. |
| May 5, 2026 | mda_quarterly | Marathon Petroleum Corporation (MPC) achieved a net income of $511 million in Q1 2026, a sharp reversal from the $74 million loss in Q1 2025, supported by $34.2 billion in total revenues. Segment adjusted EBITDA was driven by Midstream ($1.598 billion) and Refining & Marketing ($1.377 billion), while Renewable Diesel contributed $38 million. Growth focused on the Permian and Gulf Coast via the $2.4 billion Northwind Midstream acquisition for sour gas gathering and the $703 million BANGL acquisition for NGL transport, alongside a $235 million purchase of Whiptail Midstream assets in the San Juan basin. These expansions were balanced by the $980 million sale of Rockies operations and a $427 million divestiture of its interest in the TAMH ethanol joint venture. Capital management included a new $5 billion share repurchase authorization in May 2026 and $1.5 billion in new MPLX senior notes. Primary risks include climate change litigation and the regulatory status of the Dakota Access Pipeline easement, which could require significant equity contributions to satisfy senior note obligations. |
Source: SEC EDGAR filing text and events; period Aug 4, 2026; filed Aug 4, 2026.
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