Seeking Alpha

More on Marathon Petroleum's Q2 results

  • Marathon Petroleum's (MPC) Q2 adjusted EPS of $1.95 came in below analyst estimates, above the company's own lowered outlook of $1.75-$1.85, which had included ~$0.12 in after-tax charges related to pension expenses. (Q2 results)
  • While revenue jumped 27% Y/Y to $25.68B vs. $23.57B consensus, total costs and expenses jumped 31% to $24.74B.
  • Operating income in refining and marketing fell 32% to $903M; income from the much smaller speedway and pipeline transportation segments rose.
  • Consolidated refined product sales volume jumped 34%.
  • Shares -0.2% premarket.
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