Marathon Petroleum Corp. — Third Quarter 2026 Earnings Summary

Marathon Petroleum Corp. reported third-quarter 2026 net income attributable to MPC of $7.4 billion, or $26.59 per diluted share, compared to $1.4 billion in the same period of 2025. Adjusted net income for the quarter reached $7.5 billion, while adjusted EBITDA rose to $11.7 billion, driven by higher market crack spreads and strong operational execution across refining, midstream, and renewable diesel segments. The company returned $3.3 billion to shareholders through dividends and share repurchases and announced a 10% increase in its quarterly dividend. Additionally, MPC disclosed the divestiture of its St. Paul Park and Mandan refineries for $4.2 billion, with proceeds intended to fund high-return investments primarily on the Gulf Coast.