Marathon(US:MPC)2025-08-05 15:00Financial Performance - Adjusted EBITDA was $3286 million[16], with Refining & Marketing contributing $1890 million[21], and Midstream contributing $1641 million[67] - Cash Flow from Operations, excluding changes in working capital, reached $2605 million[10, 16] - Share repurchases amounted to $692 million[8, 16] - Dividends paid out totaled $279 million[16] Strategic Initiatives - Announced the Northwind Midstream acquisition for $2375 million[7, 11], expecting a mid-teen return on investment[13] - The Northwind Midstream acquisition supports MPLX's Permian wellhead-to-water strategy, covering over 200,000 dedicated acres and 200+ miles of gathering pipelines[11] Segment Performance - Refining & Marketing segment Adjusted EBITDA per Barrel was $6.79[16] - Refining & Marketing margin reached $4895 million[24] - Year-to-date Midstream Segment Adjusted EBITDA increased by 5% year-over-year to $3361 million[27, 28] Sustainability - The company is targeting a 30% reduction in Scope 1 & 2 GHG Emissions Intensity by 2030 and a 38% reduction by 2035 from 2014 levels[38] - The company is targeting a 20% reduction in Freshwater Withdrawal Intensity by 2030 from 2016 levels[39]