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Marathon Petroleum MPC Q2 2025 earnings

Reported August 5, 2025 · Before market open

Revenue$33.8BBeat by $477.4M
EPS$3.96Beat by $0.72
Revenue estimate$33.3B
EPS estimate$3.24

Next report

Nov 3, 2026 (in a month)
Revenue estimate$46.2B
EPS estimate$23.15

Financials

Q2 2025

Income statement

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Revenue$33.8B-10.9%
Gross profit$3.8B-4.9%
Operating income$2.2B-12.9%
Net income$1.2B-19.7%
EPS (diluted)$3.96-8.5%

Balance sheet

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Cash & equivalents$1.7B-62.3%
Total debt$1.4B+17.6%
Total equity$16.6B-22.0%
Total assets$78.5B-7.9%

Cash flow

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Operating cash flow$2.6B-18.6%
CapEx$695.0M+42.7%
Free cash flow$1.9B-29.4%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$50.78B-19.3%
Enterprise value$50.49B-15.4%
P/E23.8×+15.0×
P/S0.4×0.0×

Profitability

See full
Gross margin8.6%-2.7pp
Operating margin4%-3.7pp
Net margin1.6%-3.3pp
FCF margin2.7%-3.2pp

Returns & leverage

See full
Return on equity11.3%-19.3pp
Debt / equity0.1×0.0×
Current ratio1.2×-0.1×

Segments

By segment

See full
Refining & Marketing$31.8B-12.1%
Midstream$2.8B+3.8%
Renewable Diesel$633.0M+26.9%

By product

See full
Refined products$31.0B-10.0%
Services and other$1.3B+0.5%

FAQ

When did Marathon Petroleum report Q2 2025 earnings?
Marathon Petroleum (MPC) reported Q2 2025 earnings on August 5, 2025 before market open.
What were Marathon Petroleum's Q2 2025 revenue and EPS?
Marathon Petroleum reported revenue of $33.8B and eps of $3.96 for Q2 2025.
Did Marathon Petroleum beat estimates in Q2 2025?
Revenue beat the consensus estimate of $33.3B by $477.4M. EPS beat the consensus estimate of $3.24 by $0.72.
How did Marathon Petroleum's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 10.5% from $37.8B a year earlier and eps declined 3.9% from $4.12.
Where can I find Marathon Petroleum's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001510295-25-000052) and the 10-Q periodic report (0001510295-25-000054) directly on SEC EDGAR. The filing index links above go to sec.gov.