NYSE$MPC

Marathon Petroleum Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Marathon Petroleum reported a net loss of $242 million and adjusted EBITDA of $1.6 billion, driven by refining margin recovery and stability of the midstream business.

Marathon Petroleum Corp. reported a net loss of $242 million, or $(0.37) per diluted share, for the first quarter of 2021. Adjusted net loss was $132 million, or $(0.20) per diluted share. Adjusted EBITDA was $1.6 billion, driven by refining margin recovery and stability of midstream business.

  • Reported first-quarter loss of $242 million, or $(0.37) per diluted share, which includes pre-tax charges of $70 million; reported adjusted loss of $132 million, or $(0.20) per diluted share.
  • Reported adjusted EBITDA of $1.6 billion, driven by refining margin recovery, stability of midstream business, and continued focus to lower the overall cost structure.
  • Progressing renewables portfolio with final investment decision for Martinez conversion.
  • $21 billion Speedway sale close to completion.

Headline financials

Total Revenue

$22.7B

Previous: $25.2B-9.9%
EPS (adj)

-$0.20

Previous: -$0.16-25.0%
Capital Expenditures

-$304M

Previous: -$1.06B+71.4%
Free Cash Flow

-$546M

Previous: -$10.3B+94.7%
Net Income

-$242M

Previous: -$9.23B+97.4%
Operating Income

$217M

Previous: -$11.8B+101.8%
Gross Profit

$1.63B

Previous: $2.39B-32.0%
Cash & Equivalents

$624M

Previous: $1.69B-63.1%
Total Assets

$86.7B

Previous: $86.3B+0.4%

Revenue & EPS history

Marathon Petroleum · Revenue · Quarterly

$22.7B

Q1 2021-9.9%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Second Quarter 2021 Outlook

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.4%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+2.2%

Avg return

30 days after

58%

38 / 66 earnings

Positive

+8.9%

Q4 2020

Best reaction

-13.2%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.9%-3.0%+3.2%
Q4 2025+5.2%+14.7%+22.9%
Q3 2025-6.1%-1.0%-2.9%
Q2 2025+0.6%-4.2%+6.6%
Q1 2025+1.0%+5.3%+10.4%
Q4 2024+6.7%+2.1%-6.4%
Q3 2024+7.1%+6.1%+3.6%
Q2 2024+4.5%+8.5%+4.0%
Q1 2024-10.7%-9.0%-14.2%
Q4 2023+3.4%+3.9%+5.7%
Q3 2023+5.7%+2.7%+1.6%
Q2 2023+2.1%+3.7%+7.3%
Q1 2023-10.1%-12.7%-13.5%
Q4 2022-4.8%-8.5%+0.4%
Q3 2022+1.0%+3.5%+5.8%
Q2 2022+2.6%-0.1%+7.1%
Q1 2022+8.1%+7.6%+17.0%
Q4 2021+4.0%+7.8%+5.0%
Q3 2021-5.3%-2.2%-5.8%
Q2 2021+1.0%+2.3%+4.1%
Q1 2021+3.9%+5.0%+10.7%
Q4 2020+8.9%+1.8%-0.1%
Q3 2020+8.2%+7.1%+37.6%
Q2 2020-1.3%-4.0%-8.4%
Q1 2020-6.3%+4.8%+20.6%
Q4 2019+2.7%-1.6%-10.4%
Q3 2019+0.4%+0.4%-8.4%
Q2 2019-4.9%-12.1%-12.7%
Q1 2019-10.9%-14.7%-20.9%
Q4 2018-6.2%-7.5%-14.0%
Q3 2018-1.4%-3.0%-7.5%
Q2 2018+8.4%+8.2%+12.2%
Q1 2018-10.5%-5.5%-2.3%
Q4 2017-2.7%-5.2%-5.9%
Q3 2017+3.6%+5.8%+9.9%
Q2 2017-1.2%+1.6%-7.1%
Q1 2017+2.7%+3.7%+6.5%
Q4 2016-0.3%+0.7%+6.7%
Q3 2016-3.3%-4.3%+8.9%
Q2 2016+4.1%+2.5%+10.6%
Q1 2016-5.5%
Q4 2015-13.2%
Q3 2015+3.9%
Q2 2015-2.0%
Q1 2015+0.1%
Q4 2014+1.5%
Q3 2014+4.0%
Q2 2014+5.8%
Q1 2014+3.0%
Q4 2013+5.2%
Q3 2013-2.3%
Q2 2013-1.9%
Q1 2013-10.8%
Q4 2012+3.1%
Q3 2012-3.4%
Q2 2012-1.4%
Q1 2011-0.8%
Q1 2012-2.1%
Q4 2011+2.5%
Q4 2009+2.5%
Q1 2010+2.5%
Q3 2010-1.1%
Q3 2011-1.1%
Q4 2010+8.6%
Q2 2011+8.6%
Q2 2010+8.6%

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