MPCMarathon Petroleum Corporation
Marathon Petroleum Corporation (MPC) is a major player in the oil & gas refining and marketing sector, with a dominant presence in the U.S. refining and retail fuel markets. The company generates revenue through refining crude oil into gasoline, diesel, and other petroleum products, as well as through the marketing and distribution of these fuels. Its next catalyst is Nov 3, 2026 — Q3 2026 Earnings Release, which will test the company’s ability to deliver strong refining margins and manage its debt load amid volatile oil prices and regulatory pressures.
- Revenue: $154.80B (2026)
- Net income: $8.23B (2026)
- Free cash flow (TTM): $13.65B
The schedule
- Tue3Nov
Third-quarter earnings announcement detailing peak summer driving season margins, crude input costs, and potential expansions to the capital return program.
- Tue9Feb
Fourth-quarter results and forward guidance for 2027, focusing on winter heating demand, refining turnaround schedules, and full-year CapEx.
- Tue23Mar
Strategic update on the Martinez renewable facility and assessment of the evolving regulatory landscape for low-carbon fuel standards under the current administration.
- Tue4May
First-quarter results detailing the impact of spring refinery turnaround activity and preliminary inventory builds ahead of the summer driving season.
- Tue15Jun
Market pricing of mid-year OPEC+ production decisions and localized geopolitical volatility, directly impacting input crude differentials and product crack spreads.
- Tue3Aug
Past
- Tue4Aug
Actual outcome: Bear · $248.31 at outcome
Marathon Petroleum reported EPS of $1.73, exactly meeting consensus estimates but failing to deliver the upside surprise investors anticipated during the peak summer driving season. Despite bullish sentiment and strong momentum indicators leading into the print, the lack of a definitive earnings beat disappointed the market, driving the stock below the $258 bear floor.
Marathon Petroleum reported EPS of $1.73, exactly meeting consensus estimates but failing to deliver the upside surprise investors anticipated during the peak summer driving season. Despite bullish sentiment and strong momentum indicators leading into the print, the lack of a definitive earnings beat disappointed the market, driving the stock below the $258 bear floor.
- Tue5May
Actual outcome: Bear · $242.26 at outcome
Marathon Petroleum reported Q1 EPS of $1.73, exactly meeting analyst estimates, while announcing a new $5 billion share repurchase program and naming Brian Worthington as the new VP of Investor Relations. Although management highlighted surging refining margins and a favorable supply-demand backdrop linked to Middle East disruptions, the stock declined. The bearish reaction was driven by the bottom-line earnings merely matching expectations, which disappointed investors looking for a definitive earnings beat to justify the stock's recent momentum-driven breakout.
Marathon Petroleum reported Q1 EPS of $1.73, exactly meeting analyst estimates, while announcing a new $5 billion share repurchase program and naming Brian Worthington as the new VP of Investor Relations. Although management highlighted surging refining margins and a favorable supply-demand backdrop linked to Middle East disruptions, the stock declined. The bearish reaction was driven by the bottom-line earnings merely matching expectations, which disappointed investors looking for a definitive earnings beat to justify the stock's recent momentum-driven breakout.
- Thu26Feb
Actual outcome: Bull · $195.92 at outcome
Marathon Petroleum delivered a significant Q4 beat, reporting EPS of $4.07 against estimates of $2.73, driven by robust refining margins and strong operational performance (105% full-year margin capture). The results alleviated concerns about softening crack spreads and, combined with the company's aggressive capital return program, catalyzed a strong rally that drove the stock well past the bull target.
Marathon Petroleum delivered a significant Q4 beat, reporting EPS of $4.07 against estimates of $2.73, driven by robust refining margins and strong operational performance (105% full-year margin capture). The results alleviated concerns about softening crack spreads and, combined with the company's aggressive capital return program, catalyzed a strong rally that drove the stock well past the bull target.
