What Impact Falling Gasoline Prices Will Have On Marathon Petroleum's Earnings

Marathon Petroleum Corp.'s Quarterly Forecast  Analysts' Estimates for Q4 2023 Q3 2023 Q4 2022 Revenue $35.2B$41.6B $40.1B Diluted EPS$2.22 $8.28$7.09 Net income $835.9M$3.2B $3.1BSource: Visible AlphaPretax profit in the company's midstream pipeline unit likely rose 9$1.2 billion, according to Visible Alpha. But pretax earnings in its refining and marketing division, typically accounting for the bulk of Marathon's income, are projected to drop 86% to $566 million.U.S. retail gasoline prices fell t ...