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Marathon Petroleum Q2 Earnings Top Estimates, Revenues Down 11% YoY
ByAinvest
Friday, Aug 8, 2025 9:21 am ET1min read
Marathon Petroleum Corporation reported Q2 adjusted earnings per share of $3.96, beating estimates of $3.22. Revenues were $34.1 billion, down 11.1% YoY, and expenses declined 11% YoY. The Refining & Marketing segment reported adjusted EBITDA of $1.9 billion, down 7% YoY, while the Midstream segment's adjusted EBITDA was $1.6 billion, up 1.3% YoY.
Title: Marathon Petroleum Corporation Reports Q2 EarningsMarathon Petroleum Corporation (MPC) reported its second-quarter 2025 earnings on Tuesday, July 1, 2025, with adjusted earnings per share (EPS) of $3.96, which surpassed the Zacks Consensus Estimate of $3.22 [2]. The company's revenues totaled $34.1 billion, a 11.1% year-over-year (YoY) decline, while expenses fell 11% YoY [2].
The Refining & Marketing segment reported adjusted EBITDA of $1.9 billion, down 7% YoY, primarily due to higher planned turnaround costs and increased refining operating costs per barrel. The refining margin of $17.58 per barrel increased from $17.53 a year ago [2]. Capacity utilization during the quarter remained steady at 97% [2].
The Midstream segment's adjusted EBITDA was $1.6 billion, up 1.3% YoY, due to higher rates and throughputs from recent acquisitions, which were partially offset by higher operating expenses [2]. The company also reported that it spent $1.1 billion on capital programs during the quarter [2].
Marathon Petroleum's cash and cash equivalents as of June 30, 2025, stood at $1.7 billion, with total debt, including that of MPLX, at $28.7 billion, representing a debt-to-capitalization ratio of 53.6% [2]. The company's board of directors declared a cash dividend of 91 cents per share on July 30, 2025, payable on September 10, 2025 [2].
For the third quarter of 2025, Marathon Petroleum expects a refining operating cost of $5.70 per barrel and total refinery throughputs of 2,940 thousand barrels per day, with 2,730 thousand barrels per day of crude oil refined and 210 thousand barrels per day of other charge and blendstocks [2].
References:
[1] https://www.benzinga.com/markets/earnings/25/08/46864305/marathon-petroleums-q2-revenue-earnings-slip-year-over-year-but-beat-analyst-expectations
[2] https://finance.yahoo.com/news/marathon-q2-earnings-revenues-beat-120300289.html
[3] https://www.stocktitan.net/sec-filings/MPC/10-q-marathon-petroleum-corporation-quarterly-earnings-report-9b9abd97534b.html
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