Marathon Petroleum returns to profit in Q1 FY26 with net income USD 511 million

Marathon Petroleum Corporation

Marathon Petroleum Corporation

MPC

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  • Marathon Petroleum posted first-quarter net income attributable to shareholders of $511 million, or $1.73 per share, swinging from a loss a year earlier.
  • Cash from operations climbed to $1.1 billion, while adjusted EBITDA rose to $2.8 billion from $2.0 billion a year earlier.
  • Refining & Marketing segment adjusted EBITDA more than doubled to $1.38 billion, while the margin widened 4.36 percentage points to $17.74 per barrel on 89% crude utilization.
  • Midstream segment adjusted EBITDA slipped to $1.6 billion from $1.7 billion, while Renewable Diesel segment adjusted EBITDA turned positive to $38 million from a loss a year earlier.
  • Returned $1.0 billion of capital, announced an incremental $5 billion share repurchase authorization, and highlighted Garyville jet project completion with El Paso FCC upgrade targeted for 2Q26.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marathon Petroleum Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605050645PR_NEWS_USPR_____CL50829) on May 05, 2026, and is solely responsible for the information contained therein.

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