Marathon Petroleum Tops Q3 Earnings, Boosts Stock Buyback [Yahoo! Finance]
Marathon Petroleum Corporation (MPC)
Last marathon petroleum corporation earnings: 1/29 06:30 am
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Source: Yahoo! Finance
The outperformance primarily reflects the stronger-than-expected performance of its Refining & Marketing segment. The operating income of the segment totaled $298 billion, surpassing the consensus mark, calling for a loss of $64 million on the back of strong product sales and throughput. However, the company's bottom line fell sharply from the year-ago adjusted profit of $8.14 due to a drop in refining margin. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Marathon Petroleum reported revenues of $35.4 billion, which beat the Zacks Consensus Estimate of $31.6 billion but fell 14.9% year over year. In an important development for investors, MPC's board of directors declared a quarterly cash dividend of 91 cents per share to its common shareholders of record on Nov. 20. The payout, which represents a 10% sequential increase, will be made on Dec. 10. Marathon Petroleum Corporation price-consensus-eps-surprise-chart | Marathon Petroleum Corporation Quote
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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