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    M

    Marathon Petroleum Corp (MPC)

    Official site

    ENERGY • OIL & GAS REFINING & MARKETING • NYSE

    $476.85
    -8.07 (-1.66%)

    Market Cap: $133.95B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    90%(35/39)
    Avg Surprise
    +112.23%
    Streak
    3 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$24.67
    Range$14.61 - $30.00
    18 analysts
    EPS Revisions
    2
    0
    7d
    8
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$10.35+138.4%
    60d ago$19.53+26.3%
    30d ago$20.90+18.1%
    7d ago$23.13+6.7%
    Current$24.67
    Revenue Consensus
    $43.6B
    Range$25.7B - $56.7B
    11 analysts
    Period ending Dec 31, 2026
    EPS Consensus$21.33
    Range$2.74 - $34.77
    17 analysts
    Revenue Consensus
    $55.8B
    Range$19.9B - $83.8B
    11 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$21.33---
    Sep 26EST
    		-$24.67---
    Jun 26
    Reported Aug 4
    		$17.73$14.52+22.11%Beat+347.7%
    Mar 26
    Reported May 5
    		$1.65$0.75+120.00%Beat+787.5%
    Dec 25
    Reported Feb 3
    		$4.07$2.71+50.18%Beat+428.6%
    Sep 25
    Reported Nov 4
    		$3.01$3.16-4.75%Miss+61.0%
    Jun 25
    Reported Aug 5
    		$3.96$3.22+22.98%Beat-3.9%
    Mar 25
    Reported May 6
    		$-0.24N/A+55.56%Beat-109.3%
    Dec 24
    Reported Feb 4
    		$0.77$0.02+3750.00%Beat-80.7%
    Sep 24
    Reported Nov 5
    		$1.87$1.09+71.56%Beat-77.0%
    Jun 24
    Reported Aug 6
    		$4.12$3.09+33.33%Beat-22.6%
    Mar 24
    Reported Apr 30
    		$2.58$2.58+0.00%Beat-57.6%
    Dec 23
    Reported Jan 30
    		$3.98$2.22+79.28%Beat-40.2%
    Sep 23
    Reported Oct 31
    		$8.14$7.75+5.03%Beat+4.2%
    Jun 23
    Reported Aug 1
    		$5.32$4.59+15.90%Beat-49.9%
    Mar 23
    Reported May 2
    		$6.09$5.60+8.75%Beat+320.0%
    Dec 22
    Reported Jan 31
    		$6.65$5.63+18.12%Beat+411.5%
    Sep 22
    Reported Nov 1
    		$7.81$7.02+11.25%Beat+969.9%
    Jun 22
    Reported Aug 2
    		$10.61$8.50+24.82%Beat+1483.6%
    Mar 22
    Reported May 3
    		$1.45$1.28+13.28%Beat+825.0%
    Dec 21
    Reported Feb 2
    		$1.30$0.56+132.14%Beat+238.3%
    Sep 21
    Reported Nov 2
    		$0.73$0.70+4.29%Beat+173.0%
    Jun 21
    Reported Aug 4
    		$0.67$0.38+76.32%Beat+150.4%
    Mar 21
    Reported May 4
    		$-0.20N/A+71.83%Beat-25.0%
    Dec 20
    Reported Feb 2
    		$-0.94$-1.24+24.19%Beat-160.3%
    Sep 20
    Reported Nov 2
    		$-1.00$-1.74+42.53%Beat-161.3%
    Jun 20
    Reported Aug 3
    		$-1.33$-1.76+24.43%Beat-176.9%
    Mar 20
    Reported May 5
    		$-0.16$-0.27+40.74%Beat-77.8%
    Dec 19
    Reported Jan 29
    		$1.56$0.85+83.53%Beat-35.3%
    Sep 19
    Reported Oct 31
    		$1.63$1.33+22.56%Beat-4.1%
    Jun 19
    Reported Aug 1
    		$1.73$1.33+30.08%Beat-23.8%
    Mar 19
    Reported May 8
    		$-0.09$-0.01-800.00%Miss-212.5%
    Dec 18
    Reported Feb 7
    		$2.41$1.94+24.23%Beat+134.0%
    Sep 18
    Reported Nov 1
    		$1.70$1.70+0.00%Beat-4.0%
    Jun 18
    Reported Jul 26
    		$2.27$2.04+11.27%Beat+120.4%
    Mar 18
    Reported Apr 30
    		$0.08$0.13-38.46%Miss+33.3%
    Dec 17
    Reported Feb 1
    		$1.03$0.99+4.04%Beat+139.5%
    Sep 17
    Reported Oct 26
    		$1.77$1.48+19.59%Beat-
    Jun 17
    Reported Jul 27
    		$1.03$1.06-2.83%Miss-
    Mar 17
    Reported Apr 27
    		$0.06$-0.04+250.00%Beat-
    Dec 16
    Reported Feb 1
    		$0.43$0.27+59.26%Beat-

    Dividends

    Dividend Metrics

    Forward Yield0.84%
    Forward Annual Dividend$4.00
    Payout Ratio11.21%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+14.42%
    5Y CAGR+9.96%
    MPC dividend history and ex-dividend datesRun MPC in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio18.02EV/EBITDA9.31x
    Price/FCF10.68xFCF Yield9.36%
    Profitability
    Profit Margin5.55%Operating Margin13.60%
    ROE42.10%ROIC21.99%
    Financial Health
    Debt/Equity1.72xInterest Coverage10.37x
    Current Ratio1.25xQuick Ratio0.89x
    Trading Statistics
    Beta0.54Avg Volume2.75M
    52-Week High$477.7352-Week Low$160.07

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$454.63
    SMA 20$426.66
    SMA 50$392.08
    SMA 200$273.87
    EMA 10$456.14
    EMA 20$435.74
    EMA 50$395.67
    EMA 200$297.24

    MACD

    Line: 24.91Signal: 20.06Hist: 4.85

    ADX

    ADX: 37.9+DI: 33.9-DI: 11.0

    Aroon & PSAR

    Aroon Up96.0
    Aroon Down36.0
    PSAR$434.23

    Bollinger Bands

    Upper Band$493.74
    Lower Band$359.58
    %B Position3144%(Upper)
    Band Width0.87

    RSI (14-Day)

    Overbought
    74.4

    Momentum Oscillators

    Stoch %K97.0
    Stoch %D94.2
    Williams %R-8.0
    ROC (10d)13.5%
    Momentum56.70
    CCI (20d)119.8
    MFI (14d)78.3

    Volatility Measures

    ATR (14d)$15.73(3.3%)
    StdDev (20d)33.54
    Hist Vol42.0%(High)

    Volume Flow

    VWAP$475.88
    OBV172.7M
    AD Line-636.6M
    CMF (20d)0.073

    Volume Metrics

    Avg Vol (20d)2.7M
    Vol Ratio0.8x
    VWMA (20d)$421.24

    Pivot Points

    R3$500.57
    R2$492.89
    R1$488.91
    Pivot Point$481.23
    S1$477.25
    S2$469.57
    S3$465.59

    Advanced Oscillators

    TSI47.75
    Ultimate Osc65.1
    KST158.15

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$52.34B$34.57B$33.42B$35.85B$34.10B$31.85B$33.47B$35.37B$38.36B$33.21B$36.82B$41.58B
    Cost of Revenue$43.06B$31.26B$28.86B$31.20B$30.02B$29.36B$30.56B$32.14B$33.95B$29.59B$32.58B$34.93B
    Gross Profit$9.27B$3.31B$4.56B$4.65B$4.08B$2.49B$2.91B$3.23B$4.42B$3.62B$4.24B$6.66B
    Operating Expenses$1.95B$1.90B$1.87B$1.94B$1.88B$1.80B$1.77B$1.88B$1.90B$1.83B$1.85B$1.90B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$894.00M$867.00M$836.00M$863.00M$867.00M$783.00M$804.00M$815.00M$823.00M$779.00M$820.00M$824.00M
    Operating Income$7.32B$1.40B$2.69B$2.71B$2.20B$687.00M$1.14B$1.35B$2.52B$1.78B$2.40B$4.75B
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$340.00M$370.00M$343.00M$310.00M$319.00M$304.00M$245.00M$221.00M$194.00M$179.00M$111.00M$118.00M
    Income Before Tax$6.98B$1.03B$2.35B$2.40B$1.88B$383.00M$896.00M$1.13B$2.33B$1.60B$2.28B$4.63B
    Income Tax Expense$1.44B$183.00M$372.00M$460.00M$268.00M$37.00M$111.00M$113.00M$373.00M$293.00M$407.00M$1.00B
    Net Income$5.54B$851.00M$1.98B$1.94B$1.61B$346.00M$785.00M$1.01B$1.96B$1.31B$1.88B$3.63B
    EBITDA$8.17B$2.22B$3.53B$3.56B$3.00B$1.49B$1.98B$2.19B$3.35B$2.59B$3.20B$5.57B
    EBIT$7.32B$1.40B$2.69B$2.71B$2.20B$687.00M$1.14B$1.35B$2.52B$1.78B$2.40B$4.75B
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $590.76M
    Gov Obligations / Revenue
    0.4%
    Obligations YoY
    35.5%
    Active Awards
    180
    New Awards (TTM)
    180
    Avg Remaining Term
    N/A

    Top agency: Department of Defense at 100.0% of trailing twelve month obligations across 1 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    SPE60226FC71VDepartment of DefenseDefense Logistics Agency$33.91MApr 15, 2026
    SPE60226FC56CDepartment of DefenseDefense Logistics Agency$27.30MMar 3, 2026
    SPE60226FC43YDepartment of DefenseDefense Logistics Agency$21.32MFeb 3, 2026
    SPE60225FB78PDepartment of DefenseDefense Logistics Agency$18.48MAug 15, 2025
    SPE60226FC13GDepartment of DefenseDefense Logistics Agency$16.04MNov 12, 2025
    SPE60226FC02EDepartment of DefenseDefense Logistics Agency$14.33MOct 9, 2025
    SPE60226FC28PDepartment of DefenseDefense Logistics Agency$11.84MDec 19, 2025
    SPE60225FB78TDepartment of DefenseDefense Logistics Agency$11.12MAug 18, 2025
    SPE60225FB95HDepartment of DefenseDefense Logistics Agency$11.08MSep 24, 2025
    SPE60225FB95JDepartment of DefenseDefense Logistics Agency$10.99MSep 24, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

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    MPC Valuation and Fair Value

    P/E
    18.0x
    Forward P/E
    5.5x
    EV/EBITDA
    9.3x
    P/FCF
    10.7x
    PEG
    0.9x
    P/B
    7.2x
    See GNG's fair value

    MPC Profitability: Margins, ROIC and FCF

    Gross margin
    14.0%
    Operating margin
    13.6%
    Net margin
    5.5%
    ROIC
    22.0%
    ROE
    42.1%
    FCF margin
    8.3%
    FCF yield
    9.4%

    MPC Competitors

    CompanyTicker
    PetrĂ³leo Brasileiro S.A. - PetrobrasPBR-A
    Valero Energy CorporationVLO
    Petroleo Brasileiro Petrobras SA ADRPBR
    BP PLC ADRBP
    ConocoPhillipsCOP
    Phillips 66PSX
    TotalEnergies SE ADRTTE
    Canadian Natural Resources LtdCNQ

    Sector: Energy

    MPC Analyst Ratings

    Consensus
    Buy
    Analysts
    19
    Strong Buy
    4
    Buy
    5
    Hold
    9
    Sell
    0
    Strong Sell
    1

    MPC Bull Case vs Bear Case

    Bull case

    • MPC earns a 22.0% return on invested capital.
    • MPC beat EPS estimates in 87.5% of its last 8 reported quarters.
    • MPC grew quarterly revenue 53.7% year over year.

    MPC Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    511.0%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $24.67
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    8 up, 0 down

    MPC Dividend

    Forward yield
    0.8%
    Payout ratio
    11.2%
    3Y DPS growth
    14.4%
    5Y DPS growth
    10.0%
    Pay months
    Mar, Jun, Sep, Dec
    MPC dividend history

    Frequently Asked Questions About MPC

    What is MPC's current dividend yield?

    Marathon Petroleum Corp (MPC) has a forward dividend yield of 0.84%.

    Does MPC pay dividends?

    Yes, Marathon Petroleum Corp pays dividends with a forward dividend yield of 0.84%.

    What is MPC's P/E ratio?

    Marathon Petroleum Corp has a price-to-earnings (P/E) ratio of 18.02.

    What is MPC's market cap?

    Marathon Petroleum Corp (MPC) has a market capitalization of $133.95B with a current stock price of $476.85.

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