Marathon Petroleum (MPC) Beats Forecasts in Q4 Results

Core Insights - Marathon Petroleum Corporation (NYSE:MPC) experienced a significant share price increase of 15.46% from February 2 to February 9, 2026, marking it as one of the top-performing energy stocks during that week [1]. Company Performance - Marathon Petroleum is recognized as a leading integrated downstream energy company, operating the largest refining system in the United States [2]. - The company reported strong Q4 2025 results on February 3, with adjusted earnings of $4.07 per share, surpassing forecasts by $1.36. Revenue for the quarter reached $33.42 billion, exceeding estimates by nearly $3 billion [3]. - The refining margin for Q4 was reported at $18.65 per barrel, reflecting a year-over-year increase of over 44%. This surge contributed to refining and marketing earnings of approximately $2 billion, a significant rise from $559 million the previous year [4]. - During Q4, Marathon operated its refineries at about 95% capacity, achieving a total throughput of just over 3 million barrels per day. Notably, both the Garyville refinery in Louisiana and the Robinson refinery in Illinois set monthly crude throughput records [4]. Analyst Ratings - On February 4, TD Cowen analyst Jason Gabelman raised the price target for Marathon Petroleum from $183 to $198 while maintaining a 'Buy' rating. Other analysts from Citi, UBS, and Wells Fargo also increased their price targets following the company's strong Q4 performance [5].