NYSE$MPC
Marathon Petroleum Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Marathon Petroleum's financial performance decreased due to lower market crack spreads, while Midstream segment saw growth from higher rates and volumes.
Marathon Petroleum Corp. reported a net income of $622 million, or $1.87 per diluted share, for the third quarter of 2024. Adjusted EBITDA was $2.5 billion. The company returned $3.0 billion to shareholders through share repurchases and dividends and announced an additional $5 billion share repurchase authorization.
- Third-quarter net income attributable to MPC was $622 million, or $1.87 per diluted share.
- Adjusted EBITDA was $2.5 billion and net cash provided by operating activities was $1.7 billion.
- Midstream growth is anchored in the Permian and Marcellus; segment adjusted EBITDA was $1.6 billion, up nearly 6% year-over-year.
- MPC expects to receive distributions of $2.5 billion annually following MPLX’s 12.5% quarterly distribution increase.
- $3.0 billion of capital was returned to shareholders; an additional $5 billion share repurchase authorization and a 10% quarterly dividend increase were announced.
Headline financials
Revenue & EPS history
Marathon Petroleum · Revenue · Quarterly
$35.1B
Forward guidance
Fourth-Quarter 2024 Outlook for Refining & Marketing Segment
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 2024
+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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