NYSE$MPC
Marathon Petroleum Corporation · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Marathon Petroleum's Q4 2024 performance was marked by a net income of $371 million, with adjusted EBITDA at $2.1 billion, despite lower market crack spreads impacting refining margins.
Marathon Petroleum Corp. reported a net income of $371 million for the fourth quarter of 2024, a decrease compared to the $1.5 billion reported in the same quarter of 2023. Adjusted EBITDA for the quarter was $2.1 billion, also lower than the $3.6 billion reported in the prior year. The company returned approximately $1.6 billion of capital to shareholders during the quarter through share repurchases and dividends.
- Net income attributable to MPC was $371 million, or $1.15 per diluted share.
- Adjusted net income was $249 million, or $0.77 per diluted share.
- Adjusted EBITDA was $2.1 billion.
- The company returned approximately $1.6 billion of capital to shareholders through share repurchases and dividends.
Headline financials
Revenue & EPS history
Marathon Petroleum · Revenue · Quarterly
$33.5B
Forward guidance
MPC's standalone capital spending outlook for 2025 is $1.25 billion, with approximately 70% focused on value-enhancing capital and 30% on sustaining capital. MPLX's capital spending outlook for 2025 is $2.0 billion.
Tailwinds
- Continued high return investments at its Los Angeles, Galveston Bay and Robinson refineries.
- Executing shorter-term projects that offer high returns through margin enhancement and cost reduction.
- Expanding its Permian to Gulf Coast integrated value chain.
- Progressing long-haul pipeline growth projects to support expected increased producer activity.
- Investing in Permian and Marcellus processing capacity in response to producer demand.
Headwinds
- No specific negatives were mentioned in the provided text.
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 Q4 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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