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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 Free Cash FlowRobust operating and free cash flow gives MPC capacity to fund maintenance and growth projects, reduce debt, and return capital. Although refining cash flow is cyclical, the current generation provides meaningful financial flexibility over the next several quarters.
Improving Refining ExecutionHigh reliability and strong margin capture support sustainable earnings quality by improving throughput and reducing disruption costs. Planned utilization near 94%, added jet capacity, and yield projects could further strengthen MPC’s competitive operating position.
Midstream Growth And DiversificationMPLX’s natural-gas, NGL, processing, and export investments add infrastructure-backed cash flow alongside refining. Expanding capacity and targeted distribution growth can improve MPC’s earnings resilience and broaden its long-term growth platform.
Bears Say
Elevated LeverageDebt is substantial relative to equity for a business exposed to refining cycles. If margins or utilization weaken, interest and funding needs could constrain capital returns, investment flexibility, and the pace of balance-sheet improvement.
Cyclical ProfitabilityMPC’s earnings depend heavily on crack spreads, product demand, utilization, and regional differentials. This structural exposure makes revenue and margins less predictable, so strong TTM results may not persist through a weaker refining cycle.
Maintenance And Commodity VolatilityLarge turnaround requirements consume cash and can reduce available capacity, while derivatives, inventory, and price volatility can distort reported results. These recurring operational and market exposures may pressure margins and cash conversion over coming quarters.

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 CHF81.06B.
    When is Marathon Petroleum’s upcoming earnings report date?
    Marathon Petroleum’s upcoming earnings report date is Nov 03, 2026 which is in 74 days.
      How were Marathon Petroleum’s earnings last quarter?
      Marathon Petroleum released its earnings results on Aug 04, 2026. The company reported $14.394 earnings per share for the quarter, beating the consensus estimate of $11.584 by $2.81.
        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 15.61.
            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 $14.394 in its last earnings report, beating expectations of $11.584. 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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