Marathon's Q3 Performance Surges Above Forecasts, But Analyst Flags Caution On Mid-Con Outlook For Q4 [Yahoo! Finance]
Marathon Petroleum Corporation (MPC)
Last marathon petroleum corporation earnings: 1/29 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
ir.marathonpetroleum.com
Company Research
Source: Yahoo! Finance
Cheng, with a Sector Outperform rating and a $170 price target, shared views on third-quarter results reported yesterday On Tuesday, Marathon Petroleum reported revenue of $35.4 billion, topping estimates. Adjusted EPS was $1.87 vs. $0.98 expected Marathon Petroleum expects fourth-quarter Refining operating costs per barrel of $5.50 and Refinery throughputs of 2,880 mbpd The analyst expects results to positively impact near-term share price performance, with refining operations performing strongly. Throughput, unit cost, margin capture, and turnaround expenses all exceeded expectations. Cheng notes robust commercial operations and efficient turnaround execution were key contributors to the beat. This marks the second consecutive quarter of better-than-expected margin capture, which could renew the shares' momentum, adds the analyst. However, Cheng says that the fourth-quarter outlook is weaker than anticipated, with throughput outlook below their previous estimate of 2,970
Show less
Read more
Impact Snapshot
Event Time:
MPC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MPC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MPC alerts
High impacting Marathon Petroleum Corporation news events
Weekly update
A roundup of the hottest topics
MPC
News
- Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- Cyclum Announces New Executives to Lead Next Generation Travel Centre Growth [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cyclum Announces New Executives to Lead Next Generation Travel Centre Growth [Yahoo! Finance]Yahoo! Finance
- Drone Technology Strengthens Emergency Response for Muscogee Nation [Yahoo! Finance]Yahoo! Finance
- Oil and Gas Sector Strategies for Low-Carbon Fuels, 2024 Industry Research - Decarbonization Journey with Strategic Focus on Low-Carbon Fuel Development [Yahoo! Finance]Yahoo! Finance
MPC
Earnings
- 11/6/24 - Beat
MPC
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 3
- 11/5/24 - Form 10-Q
- MPC's page on the SEC website