Marathon Q4 Earnings & Revenues Beat Estimates, Expenses Down Y/Y

Key Takeaways Marathon Petroleum delivered Q4 adjusted EPS of $4.07, topping estimates, while revenues of $33.4B also beat.Refining & Marketing EBITDA surged on higher crack spreads, an $18.65 per barrel margin, and 95% utilization.MPC returned about $1.3B to shareholders in Q4 and ended 2025 with $4.4B left under buybacks. Marathon Petroleum Corporation (MPC) reported fourth-quarter adjusted earnings per share of $4.07, which beat the Zacks Consensus Estimate of $2.73. Moreover, the bottom line increased s ...