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Marathon Petroleum MPC Q2 2026 earnings

Reported August 4, 2026 · Before market open

Revenue$52.0BBeat by $11.1B
Adjusted EPS$17.73Beat by $3.46
Revenue estimate$40.9B
EPS estimate$14.27
“Strong planning, commercial, and operational execution enabled safe and reliable operations to meet resilient consumer demand. Our results reflect the differentiated capabilities of our value chains and the execution of our optimization strategies, The completion of two high-return, yield-enhancing refining investments further position us to deliver incremental value. MPLX’s execution of its Natural Gas and NGL strategy supports durable growth and increasing distributions that differentiate MPC, allowing us to lead in capital return.”
Management

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

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

Financials

Q2 2026

Income statement

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Revenue$52.0B+53.8%
Gross profit$8.9B+137%
Operating income$7.3B+233%
Net income$5.1B+323%
EPS (diluted)$17.73+348%

Balance sheet

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Cash & equivalents$7.8B+364%
Total debt$32.8B+2,276%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$117.99B+102%
Enterprise value$117.34B+150%
P/E13.8×-6.5×
P/S0.8×+0.3×

Profitability

See full
Gross margin12.5%+3.9pp
Operating margin9.2%+5.2pp
Net margin5.6%+4.0pp

FAQ

When did Marathon Petroleum report Q2 2026 earnings?
Marathon Petroleum (MPC) reported Q2 2026 earnings on August 4, 2026 before market open.
What were Marathon Petroleum's Q2 2026 revenue and EPS?
Marathon Petroleum reported revenue of $52.0B and adjusted eps of $17.73 for Q2 2026.
Did Marathon Petroleum beat estimates in Q2 2026?
Revenue beat the consensus estimate of $40.9B by $11.1B. EPS beat the consensus estimate of $14.27 by $3.46.
How did Marathon Petroleum's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 53.8% from $33.8B a year earlier.
Where can I find Marathon Petroleum's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001510295-26-000060) and the 10-Q periodic report (0001510295-26-000061) directly on SEC EDGAR. The filing index links above go to sec.gov.