MARATHON PETROLEUM CORPORATION (MPC) Financials
Key financial figures for MARATHON PETROLEUM CORPORATION (Q2 2026).
Marathon Petroleum posted Q2 2026 net income of $5.1 billion ($17.73/diluted share) as refining crack spreads surged across all regions, lifting Adjusted EBITDA to $8.46 billion from $3.29 billion a year earlier. Net income attributable to MPC was $5,138 million ($17.73 diluted EPS), up from $1,216 million ($3.96/share) in Q2 2025, on higher crack spreads in all regions. Adjusted EBITDA reached $8,460 million versus $3,286 million a year ago; Refining & Marketing segment adjusted EBITDA more than tripled to $6,655 million from $1,890 million as R&M margin rose to $36.33/bbl from $17.58/bbl. Midstream (MPLX) segment adjusted EBITDA was $1,778 million and Renewable Diesel segment adjusted EBITDA turned positive at $258 million, versus $(19) million in Q2 2025. On the outlook: Third-quarter 2026 outlook: total refinery throughput of approximately 3,005 mbpd (2,820 mbpd crude oil refined) at refining operating costs near $5.60/bbl, planned turnaround costs of about $290 million, and corporate costs of roughly $260 million (including $30 million of D&A). Figures are for Q2 2026, as Marathon Petroleum Corporation reported them.
- Revenue
- $52.0B
- Net Income
- $5.5B
- EPS
- $17.76
- Total Assets
- $94.3B
- Operating Cash Flow
- $10.3B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $52.0B | $5.1B | $17.68 | 14.08% | $9.1B |
| Q1 FY2026 | $34.6B | $511M | $1.73 | 4.06% | $208M |
| Q4 FY2025 | $32.6B | $1.5B | $5.13 | 5.67% | $1.9B |
| Q3 FY2025 | $34.8B | $1.4B | $4.51 | 4.81% | $1.7B |
| Q2 FY2025 | $33.8B | $1.2B | $3.96 | 5.61% | $1.9B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $132.7B | $4.0B | $13.27 | 4.35% | $4.8B |
| FY2024 | $138.9B | $3.4B | $10.09 | 3.78% | $6.1B |
| FY2023 | $148.4B | $9.7B | $23.65 | 8.48% | $12.2B |
Frequently asked questions
What was Marathon Petroleum Corporation's revenue last quarter?
Marathon Petroleum Corporation reported revenue of $51.99 billion for Q2 FY2026, up 53.8% from the same period a year earlier.
Is Marathon Petroleum Corporation profitable?
Yes. Marathon Petroleum Corporation reported net income of $5.14 billion for Q2 FY2026, a net margin of 9.88% on revenue.
How has Marathon Petroleum Corporation's margin trended?
Operating margin was 14.08% in Q2 FY2026, compared with 5.61% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Marathon Petroleum Corporation generate?
Marathon Petroleum Corporation generated free cash flow of $9.14 billion in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for MARATHON PETROLEUM CORPORATION on SentiSense, with up to forty quarters and twenty fiscal years of history.