Marathon Petroleum Corp

Marathon Petroleum Corp

MPC

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Market Cap$70.91B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Marathon Petroleum CorpMarathon Petroleum Corp15.81.61%19%0.52

Earnings Call Q1 2026

May 5, 2026 - AI Summary

Q1 operating/safety performance was exceptionally strong (surprising “best-in-decade” reliability): Refineries ran at 89% utilization with ~100% capture and nearly 0 unplanned downtime (lowest level in a decade) while completing about 40% of full-year planned maintenance. This supports confidence that margin capture can remain durable even with volatility.
Financial results beat expectations on strong refining margins; main drivers were R&M, offset by costs/midstream softness: - Adj. EPS: $1.65; Adj. EBITDA: $2.8B (up ~$800M YoY, mainly Refining & Marketing). - Refining turnaround costs: $530M in Q1 (full-year outlook unchanged at $1.35B). - Refining & Marketing adj. EBITDA: ~$1.4B; adj. EBITDA per barrel: $5.37. - Midstream adj. EBITDA down $122M YoY, mainly derivative losses, no nonrecurring benefit from prior year, and divestiture effects.
Q2 guidance: high utilization (~94%) with “pulled-forward” maintenance, plus confidence in repeatability: - R&M utilization guide ~94% for Q2, driven by executing/accelerating part of maintenance in Q1 without changing scope (cost pulled forward to stay prepared for strong demand). - Management highlighted regional drivers: Gulf Coast export strength, Garyville jet/yield upgrades, West Coast supported by supply-flow constraints tied to Iran-related disruptions. - Capture expectation: while Q1 capture was very strong, management reiterated 100% capture target durability depends on market/secondary conditions and derivative timing.

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$267.38

Target Price by Analysts

8.1% upsideMarathon Petroleum Target Price DetailsTarget Price
$467.14

Current Fair Value

88.9% upside

Undervalued by 88.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$70.91 Billion
Enterprise Value$103.09 Billion
Dividend Yield$3.91 (1.61%)
Earnings per Share$13.27
Beta0.52
Outstanding Shares295,000,000

Return

Return on Equity19.49%ROE
Return on Assets3.70%
Return on Invested Capital14.25%

Valuation & Multiples

P/E Ratio15.85P/E Ratio
PEG-2PEG
Price to Sales0.53Price to Sales
Price to Book Ratio3.13Price to Book Ratio
Enterprise Value to Revenue0.75
Enterprise Value to EBIT11.34
Enterprise Value to Net Income31
Total Debt to Enterprise0.33
Debt to Equity2.05Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 5, 2026
EPS Estimate
$0.74
Average shareholder expectation
Revenue Estimate
$33.42 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$11.55
Average shareholder expectation
Revenue Estimate
$41.42 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.7229▼ 28.46%
Total Calls2,691,507▲ 11.70%
Total Puts1,945,752▼ 19.86%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %74.07%▼ 0.70%
Total Invested$53.88B▲ 48.09%
Investors Holding1,942▲ 209.00%

ESG Score

No data

About Marathon Petroleum Corp

CEO: Michael Hennigan

Relevant Senate Committees

Joint Committee on Taxation

Provides critical analysis and scoring for tax legislation, directly influencing corporate tax structures, investment incentives, and the overall tax burden for the petroleum refining industry.

Finance

Direct control over taxation and trade policy, which profoundly impacts corporate profitability, fuel taxes, and the import/export of crude oil and refined products for the industry.

Agriculture, Nutrition, and Forestry

Oversees the CFTC, which regulates the commodities and derivatives markets (including oil and gas futures), and the Farm Bill, which can impact biofuel mandates affecting gasoline blending.

Energy and Natural Resources

Direct oversight of national energy policy, including oil and gas supply, leasing, and infrastructure (e.g., pipelines), significantly impacts the availability and cost of crude oil, a primary input for refineries.

Environment and Public Works

Direct oversight of EPA regulations significantly impacts refinery operations, emissions standards, and environmental compliance costs; also influences demand for refined products through transportation infrastructure.

Foreign Relations

Directly impacts global crude oil supply and pricing through sanctions and foreign policy decisions, which are critical input costs for petroleum refineries.