Marathon(MPC) - 2025 Q1 - Earnings Call Presentation

Financial Performance - Adjusted EBITDA was $1.975 billion[10], supported by the strength of the Midstream business[8]。 - The company reported a net loss attributable to MPC of $74 million[10, 12]。 - $1.3 billion of capital was returned to shareholders, including $1.057 billion in share repurchases[9, 10]。 - Cash flow from operations, excluding changes in working capital, was $1.010 billion[10]。 Segment Performance - Refining & Marketing (R&M) segment adjusted EBITDA was $489 million[15]。 - Midstream segment adjusted EBITDA increased 8% year-over-year to $1.720 billion[21, 22]。 - Renewable Diesel segment reported an adjusted EBITDA loss of $42 million[25]。 Outlook - Second-quarter 2025 crude throughput is projected at 2.775 million barrels per day (MBPD)[30]。 - Total throughput for the second quarter of 2025 is expected to be 2.945 MBPD[30]。 - Turnaround costs for the second quarter are estimated at $265 million[30]。