Compared to Estimates, Marathon Petroleum (MPC) Q4 Earnings: A Look at Key Metrics

Marathon Petroleum (MPC) reported $33.42 billion in revenue for the quarter ended December 2025, representing a year-over-year decline of 0.1%. EPS of $4.07 for the same period compares to $0.77 a year ago.

The reported revenue represents a surprise of +12.89% over the Zacks Consensus Estimate of $29.61 billion. With the consensus EPS estimate being $2.73, the EPS surprise was +48.9%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Marathon Petroleum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Refining & Marketing margin: $18.65 versus $17.51 estimated by four analysts on average.
• Refining & Marketing margin - Mid-Continent: $18.19 compared to the $15.80 average estimate based on four analysts.
• Refining & Marketing margin - West Coast: $21.94 versus $23.03 estimated by four analysts on average.
• Refining & Marketing - Refinery throughputs - Net refinery throughput: 3038 millions of barrels of oil versus 2905.92 millions of barrels of oil estimated by four analysts on average.
• Refining & Marketing margin - Gulf Coast: $17.09 compared to the $16.84 average estimate based on four analysts.
• Refinery throughputs - Mid-Continent - Crude oil refined: 1,097.00 Mbpd compared to the 1,054.08 Mbpd average estimate based on three analysts.
• Refinery throughputs - West Coast - Gross refinery throughputs: 557.00 Mbpd versus 518.93 Mbpd estimated by three analysts on average.
• Refinery throughputs - West Coast - Other charge and blendstocks: 55.00 Mbpd versus 64.59 Mbpd estimated by three analysts on average.
• Refinery throughputs - West Coast - Crude oil refined: 502.00 Mbpd versus 454.35 Mbpd estimated by three analysts on average.
• Refined product yields - Mid-Continent - Total: 1,177.00 Mbpd compared to the 1,141.34 Mbpd average estimate based on three analysts.
• Refined product yields - Gulf Coast - Total: 1,407.00 Mbpd compared to the 1,345.11 Mbpd average estimate based on three analysts.
• Refining & Marketing - Refinery throughputs - Crude oil refined: 2817 millions of barrels of oil versus the three-analyst average estimate of 2672.2 millions of barrels of oil.

View all Key Company Metrics for Marathon Petroleum here>>>

Shares of Marathon Petroleum have returned +14.4% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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