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Marathon Petroleum (CH:MPN)
NYSE:MPN

Marathon Petroleum (MPN) Price & Analysis

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MPN Stock Chart & Stats

Currently, no data available
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Bulls Say, Bears Say

Bulls Say
Strong Cash GenerationMPC’s substantial operating and free cash flow provides durable flexibility to fund refinery investments, manage debt and return capital. Although refining cash flow is cyclical, the current generation level strengthens resilience through changing market conditions.
Operational And Feedstock AdvantagesReliable refinery operations and access to advantaged North American crude can support better utilization, feedstock economics and product availability. These capabilities strengthen MPC’s competitive position and help reduce exposure to external supply disruptions.
Midstream Growth And DiversificationMPLX investment in natural gas, NGL and processing infrastructure adds fee-oriented cash flow and broadens MPC’s earnings base beyond refining. Expanding capacity and targeted distribution growth can improve long-term cash-flow durability across cycles.
Bears Say
Elevated LeverageLeverage is high for a cyclical refiner, increasing fixed financial obligations and limiting flexibility if refining margins weaken. While strong profitability currently supports the balance sheet, a downturn could pressure debt reduction and capital returns.
Cyclical ProfitabilityMPC’s earnings depend heavily on refining margins, product demand and regional pricing differentials, which can change materially over the cycle. This volatility makes sustained margins and cash generation less predictable than in less commodity-sensitive businesses.
Maintenance And Commodity RiskRecurring refinery turnarounds require significant spending and can reduce throughput while assets are offline. Combined with inventory and commodity-price volatility, this creates ongoing execution risk and can weaken operating cash flow even when underlying demand is healthy.

Marathon Petroleum News

MPN FAQ

What was Marathon Petroleum’s price range in the past 12 months?
Currently, no data Available
What is Marathon Petroleum’s market cap?
Marathon Petroleum’s market cap is CHF83.76B.
    When is Marathon Petroleum’s upcoming earnings report date?
    Marathon Petroleum’s upcoming earnings report date is Nov 03, 2026 which is in 65 days.
      How were Marathon Petroleum’s earnings last quarter?
      Marathon Petroleum released its earnings results on Aug 04, 2026. The company reported $14.188 earnings per share for the quarter, beating the consensus estimate of $11.419 by $2.77.
        Is Marathon Petroleum overvalued?
        According to Wall Street analysts Marathon Petroleum’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
          Does Marathon Petroleum pay dividends?
          Marathon Petroleum does not currently pay dividends.
          What is Marathon Petroleum’s EPS estimate?
          Marathon Petroleum’s EPS estimate is 15.5.
            How many shares outstanding does Marathon Petroleum have?
            Currently, no data Available
            What happened to Marathon Petroleum’s price movement after its last earnings report?
            Marathon Petroleum reported an EPS of $14.188 in its last earnings report, beating expectations of $11.419. Following the earnings report the stock price went same N/A.
              Which hedge fund is a major shareholder of Marathon Petroleum?
              Currently, no hedge funds are holding shares in CH:MPN
              What is the TipRanks Smart Score and how is it calculated?
              Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                Company Description

                Marathon Petroleum

                Marathon Petroleum Corporation (MPC) functions as a prominent integrated energy enterprise, primarily concentrating its downstream operations across the United States. Its business is bifurcated into two main divisions: Refining & Marketing, and Midstream. The Refining & Marketing segment is responsible for processing crude oil and various other raw materials at its refineries, strategically located in the U.S. Gulf Coast, Mid-Continent, and West Coast regions. This division also acquires refined petroleum products and ethanol for subsequent distribution. Key outputs from this segment encompass a diverse array of transportation fuels, including different gasoline blends, heavy fuel oil, and asphalt. Additionally, it manufactures chemicals such as aromatics, propane, propylene, and sulfur. MPC sells these refined goods through multiple channels, including wholesale marketers domestically and globally, purchasers on the open spot market, and independent entrepreneurs who manage primarily Marathon-branded retail locations. It also supplies fuel via long-term agreements to direct dealer sites, predominantly under the ARCO brand. The Midstream segment handles the comprehensive movement, storage, distribution, and commercialization of crude oil and refined products. This is achieved through its extensive network of refining logistics assets, pipelines, terminals, towboats, and barges. Moreover, this segment engages in the collection, processing, and transportation of natural gas, alongside the gathering, transport, fractionation, storage, and marketing of natural gas liquids. By December 31, 2021, the corporation supported 7,159 branded jobber retail points, managed by independent entrepreneurs, spanning 37 U.S. states, the District of Columbia, and Mexico. Marathon Petroleum Corporation, established in 1887, maintains its corporate headquarters in Findlay, Ohio.

                Marathon Petroleum (MPN) Earnings & Revenues

                MPN Company Deck

                MPN Earnings Call

                Q2 2026
                0:00 / 0:00
                Earnings Call Sentiment|Positive
                The call conveyed a positive operational and financial outlook driven by strong refining execution, margin capture, sizable capital projects coming online (Garyville, Robinson), and substantial MPLX-driven midstream growth. Management emphasized robust cash generation and an aggressive capital-return posture (over $1B returned in Q1 and a new $5B buyback authorization). Key near-term negatives included significant derivative-related unrealized losses (~$500M), working capital usage (~$573M), midstream EBITDA decline (~$122M), and elevated turnaround costs ($530M). Management highlighted commercial and operational flexibility, strong liquidity (~$2.2B cash), and confidence in sustaining performance, but also acknowledged material market volatility and inventory risks. Overall, positives (execution, higher EBITDA, strategic investments, and shareholder returns) materially outweigh the headwinds (derivative losses, WC impact, and regional maintenance-related softness).View all CH:MPN earnings summaries

                MPN Revenue Breakdown

                93.63%93.63%4.24%2.12%<0.01%
                93.63% Refining & Marketing
                4.24% Midstream
                2.12% Renewable Diesel
                <0.01% Other service revenue
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                MPN Stock 12 Month Forecast

                Average Price Target

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