Core Insights - Marathon Petroleum experienced a significant decline in revenue and earnings in Q4, with adjusted EPS falling nearly 81% year over year to $0.77 and revenue decreasing 8.6% to $33.14 billion [2][3] Financial Performance - Adjusted EPS for Q4 2024 was $0.77 compared to $3.98 in Q4 2023, reflecting an 80.7% decrease [3] - Revenue dropped from $36.26 billion in Q4 2023 to $33.14 billion in Q4 2024, a decline of 8.6% [3] - Adjusted net income fell to $249 million from $1.505 billion, marking an 83.5% decrease [3] - Adjusted EBITDA decreased from $3.57 billion to $2.12 billion, a reduction of 40.6% [3] Business Overview - Marathon Petroleum operates one of the largest refining systems in the U.S., with a capacity to process approximately 3 million barrels of crude oil daily [4] - The company has an integrated network of refineries across the Gulf Coast, Mid-Continent, and West Coast regions, optimizing operations for efficient production [4] Strategic Focus Areas - The company emphasizes refining capacity and operational efficiency to maintain low production costs and high profit margins [5] - A partnership with midstream spin-off MPLX is crucial for providing infrastructure for crude oil and product transportation, enhancing flexibility and geographic reach [5] - The strategic shift towards renewable fuels indicates a significant step towards future growth [5] Segment Performance - The Refining and Marketing segment's adjusted EBITDA plummeted to $559 million from $2.25 billion, largely due to lower market crack spreads [6] - The Midstream segment achieved an adjusted EBITDA of $1.7 billion, up from $1.6 billion, driven by increased rates and volumes [7] - The Renewable Diesel segment improved its adjusted EBITDA to $28 million from a loss of $47 million, attributed to heightened utilization rates at the Martinez joint venture [7] Shareholder Returns - The company returned $10.2 billion to shareholders in 2024 through dividends and share buybacks, demonstrating a commitment to shareholder value [8] - There were no significant changes in dividends reported for this quarter, with a focus on strategic investments and operational resilience [9] Future Outlook - For 2025, Marathon's management plans a capital spending of $1.25 billion to enhance refining efficiency in key locations [10] - The strategy aims to maintain a competitive advantage by pursuing high-return projects that support long-term goals [10] - Investors are encouraged to monitor the midstream and renewable segments for potential growth, particularly in renewable energy infrastructures like the Martinez joint venture [11]

Earnings Performance - Marathon Petroleum reported quarterly earnings of $0.77 per share, significantly exceeding the Zacks Consensus Estimate of $0.06 per share, but down from $3.98 per share a year ago, representing an earnings surprise of 1,183.33% [1] - The company has surpassed consensus EPS estimates for the last four quarters [2] Revenue Insights - The company posted revenues of $33.47 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 8.93%, but down from $36.82 billion year-over-year [2] - Marathon Petroleum has also topped consensus revenue estimates in each of the last four quarters [2] Stock Performance - Since the beginning of the year, Marathon Petroleum shares have increased by approximately 5.4%, outperforming the S&P 500's gain of 1.9% [3] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, including current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is $0.67 on revenues of $30.43 billion, and for the current fiscal year, it is $8.78 on revenues of $123.3 billion [7] Industry Context - The Oil and Gas - Refining and Marketing industry is currently ranked in the bottom 27% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]

Exhibit 99.1 Marathon Petroleum Corp. Reports Fourth-Quarter 2024 Results and 2025 Capital Outlook FINDLAY, Ohio, Feb 4, 2025 – Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $371 million, or $1.15 per diluted share, for the fourth quarter of 2024, compared with net income attributable to MPC of $1.5 billion, or $3.84 per diluted share, for the fourth quarter of 2023. Adjusted net income was $249 million, or $0.77 per diluted share, for the fourth quarter of 2024. This ...

FINDLAY, Ohio, Feb. 4, 2025 /PRNewswire/ -- Fourth-quarter net income attributable to MPC of $371 million, or $1.15 per diluted share; adjusted net income of $249 million, or $0.77 per adjusted diluted share Progresses Midstream Gulf Coast NGL strategy with MPLX's announcement of fractionation complex and export terminal $10.2 billion of capital returned to shareholders through share repurchases and dividends in 2024 Expect distributions from MPLX in 2025 will cover MPC's dividends and $1.25 billion standal ...

Marathon Petroleum Corporation (MPC) is set to release fourth-quarter earnings on Feb. 4. The Zacks Consensus Estimate for the to-be-reported quarter's profit is pegged at 37 cents per share on revenues of $30.72 billion.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Let us delve into the factors that might have influenced MPC’s performance in the to-be-reported quarter. Before that, it is worth taking a look at the company’s performance in the last reported quarter. Highlights of MP ...

The market expects Marathon Petroleum (MPC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be re ...

VANCOUVER, British Columbia, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Madison Pacific Properties Inc. (the Parent Company) (TSX: MPC and MPC.C), a Vancouver-based real estate company announces judgement issued by the Federal Court of Appeal (“FCA”) on its tax reassessments appeal. As previously reported in the Parent Company’s Consolidated Financial Statements and MD&A, the Parent Company and certain subsidiaries had received from the Canada Revenue Agency (“CRA”) and Alberta Tax and Revenue Administration (“ATRA” ...

FINDLAY, Ohio, Jan. 24, 2025 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) announced today that its annual meeting of shareholders will take place April 30, 2025, at 10 a.m. ET in a virtual-only format via live webcast. Shareholders of record as of March 3, 2025, are entitled to notice of and to vote at the annual meeting. The company's proxy statement will include additional information regarding how shareholders may access and participate in the virtual annual meeting.About Marathon Petroleum Corpo ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Marathon Petroleum (MPC) , which belongs to the Zacks Oil and Gas - Refining and Marketing industry.This refiner has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 64.15%.For the most recent quarter, Marathon Petroleum was expected to post earnings of $0 ...

Marathon Petroleum (MPC) closed the latest trading day at $140.53, indicating a -1.55% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.55%. On the other hand, the Dow registered a loss of 0.06%, and the technology-centric Nasdaq increased by 1.24%.Market participants will be closely following the financial results of Marathon Petroleum in its upcoming release. The company plans to announce its earnings on February 4, 2025. On that day, Marathon Petroleum is projected ...