NYSE$MPC
Marathon Petroleum Corporation · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported net income attributable and adjusted EBITDA, reflecting strong operational and commercial execution amidst robust market demand.
Marathon Petroleum Corp. reported a strong third quarter with a net income of $4.5 billion, or $9.06 per diluted share. Adjusted net income was $3.9 billion, or $7.81 per diluted share, and adjusted EBITDA reached $6.8 billion. The company completed its $15 billion share repurchase commitment and increased its quarterly dividend by approximately 30%.
- Net income attributable to MPC was $4.5 billion, or $9.06 per diluted share; adjusted net income was $3.9 billion, or $7.81 per diluted share.
- Adjusted EBITDA was $6.8 billion, driven by improved operational and commercial execution.
- MPLX increased its distribution by 10%, with MPC expecting to receive a total of $2 billion on an annual basis.
- The company completed a $15 billion return of capital commitment, repurchasing approximately 30% of outstanding shares, and announced a dividend increase of approximately 30% to $0.75 per share.
Headline financials
Revenue & EPS history
Marathon Petroleum · Revenue · Quarterly
$45.8B
Forward guidance
Marathon Petroleum provided an outlook for the fourth quarter of 2022, including refining operating costs per barrel, distribution costs, refining planned turnaround costs, depreciation and amortization, and refinery throughputs.
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 Q3 2022
+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
| Quarter | Report date | Reaction (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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