Reports Q3 revenue $35.85B, consensus $31.71B. “In the third quarter, Refining & Marketing delivered strong cash generation,” said President and Chief Executive Officer Maryann Mannen. “In Midstream, we took actions to grow and optimize the portfolio, strengthening the durability of mid-single digit segment adjusted EBITDA growth. MPLX will provide $2.8 billion of annualized distributions to MPC that we expect to cover our dividends and standalone capital spending, and to be a source of capital allocation, a differentiator in the energy industry. Our integrated value chains and geographically diversified assets position us to lead in capital allocation.”
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