Marathon Petroleum Corporation has faced challenges due to tighter crack spreads, but its MLP, MPLX, has performed well, contributing to a solid earnings report and supporting shares. MPC's refining operations are undervalued at 3.2x, 2024 EBITDA, with aggressive share repurchases also increasing the per-share value of its MPLX stake. Despite a tough refining environment, MPC's secure dividend and flexible buyback strategy offer a minimum 3% share count reduction and strong shareholder returns.
While the top- and bottom-line numbers for Marathon Petroleum (MPC) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Oil refining specialist Marathon Petroleum (MPC) had a rough fourth quarter, according to its earnings report released on Tuesday, Feb. 4. Quarterly earnings per share (EPS) fell nearly 81% year over year to an adjusted EPS of $0.77.
Marathon Petroleum (MPC) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $3.98 per share a year ago.
Marathon Petroleum (MPC) closed at $149.96 in the latest trading session, marking a -0.94% move from the prior day.
MPC's Refining & Marketing segment is expected to report a 12.6% drop in fourth-quarter revenues, due to weaker demand, declining crack spreads and rising operating costs.
Marathon Petroleum (MPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Marathon Petroleum (MPC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
In the closing of the recent trading day, Marathon Petroleum (MPC) stood at $140.53, denoting a -1.55% change from the preceding trading day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?