Why Is Marathon Petroleum (MPC) Down 3.1% Since Last Earnings Report?
Marathon Petroleum (MPC) reported earnings 30 days ago. What's next for the stock?
Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching Marathon Petroleum (MPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
These Could Be The Last 2 Cheap Dividends After The Election Bounce
Trump's win cements what we've been saying for months: You can forget about a hard landing or a soft landing—This economy is headed for no landing at all.
Crack Spread to Soar: Add MPC, XOM and PSX to Your Watchlist
Favorable crack spread will aid refining margins of Phillips 66, Marathon Petroleum and Exxon Mobil.
Investors Heavily Search Marathon Petroleum Corporation (MPC): Here is What You Need to Know
Marathon Petroleum (MPC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Marathon Petroleum (MPC) Is Considered a Good Investment by Brokers: Is That True?
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?
Marathon's Q3 Performance Surges Above Forecasts, But Analyst Flags Caution On Mid-Con Outlook For Q4
Marathon Petroleum Corporation MPC shares are trading higher on Wednesday. Scotiabank analyst Paul.
Marathon Petroleum Tops Q3 Earnings, Boosts Stock Buyback
In Q3, MPC spent $950 million on capital programs (39% on Refining & Marketing and 59% on the Midstream segment) compared to $522 million in the year-ago period.
Marathon Petroleum: Shares Are Attractive Despite Muted Q3 Results
Marathon Petroleum shares have dropped significantly, but Q3 earnings exceeded expectations, boosting the stock by over 3% and reinforcing my bullish stance. The Company's refining operations' implied equity value has sharply declined, creating a compelling investment opportunity, especially with the company's strong capital return capacity and share repurchases. Despite cyclical challenges, US product demand remains firm, and global policy easing should stabilize economic activity, supporting a recovery in crack spreads.
Marathon Petroleum Corporation (MPC) Q3 2024 Earnings Call Transcript
Marathon Petroleum Corporation. (NYSE:MPC ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Kristina Kazarian - IR Maryann Mannen - CEO John Quaid - CFO Rick Hessling - Chief Commercial Officer Timothy Aydt - EVP, Refining David Heppner - Chief Strategy Officer & SVP, Business Development Conference Call Participants Neil Mehta - Goldman Sachs Douglas Leggate - Wolfe Research Manav Gupta - UBS Paul Cheng - Scotiabank Roger Read - Wells Fargo John Royall - JPMorgan Jason Gabelman - TD Cowen Operator Welcome to the MPC Third Quarter 2024 Earnings Call.
Marathon Petroleum reports increased revenue but plummeting profits in Q3
Marathon Petroleum Corp (NYSE:MPC) reported a steep decline in profitability on lower market crack spreads that have adversely impacted refining margins. The oil refiner reported a net income of $622 million, or $1.87 per share, for the third quarter of 2024, significantly down from earnings of $3.3 billion, or $8.28 per share, recorded in the same period last year.
Marathon Petroleum (MPC) Tops Q3 Earnings and Revenue Estimates
Marathon Petroleum (MPC) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $8.14 per share a year ago.
