Marathon(US:MPC)2025-11-04 16:00Financial Performance - Adjusted earnings per share were $3.01[9] - Adjusted EBITDA reached $3,206 million[9] - Cash flow from operations, excluding changes in working capital, amounted to $2,387 million[7, 9] - $926 million was returned to shareholders[7, 9] - The company expects $2.8 billion of annual distributions from MPLX[7, 33] Segment Highlights - Refining & Marketing (R&M) segment adjusted EBITDA was $1,762 million[13] - R&M segment adjusted EBITDA per barrel was $6.37[9] - Refining & Marketing margin was $4,865 million[16] - Midstream segment adjusted EBITDA reached $1,709 million, a 5% year-over-year growth[19] - Renewable Diesel segment experienced a weaker margin environment, resulting in a negative adjusted EBITDA of -$56 million[21] Outlook - The company anticipates total throughput of 2,905 MBPD for Refining & Marketing in the fourth quarter of 2025[27] - Turnaround costs are projected at $420 million for the fourth quarter of 2025[27] 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[29]