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Marathon Petroleum MPC Midstream — Adjusted EBITDA

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Other financials

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%
Total equity$16.8B+2.2%
Total assets$88.2B+8.0%

Cash flow

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Operating cash flow$1.1B+1,852%
CapEx$913.0M+37.7%
Free cash flow$208.0M+129%

Valuation

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Market cap$83.62B+69.3%
Enterprise value$82.97B+121%
P/E9.8×-13.4×
P/S0.5×+0.2×

Profitability

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Gross margin12.5%+3.9pp
Operating margin9.2%+5.2pp
Net margin5.6%+4.0pp
FCF margin4.2%+1.0pp

Returns & leverage

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Return on equity27.9%+15.6pp
Debt / equity0.1×0.0×
Current ratio1.2×0.0×

Where this comes from

Reported directly by Marathon Petroleum in its filing.

Tagged under the XBRL concept mpc:AdjustedEBITDA.

The source filing: Marathon Petroleum’s 8-K, filed August 4, 2026. Open the filing →

Filed
Aug 4, 2026, 6:49 AM EDT
Accession
0001510295-26-000060

FAQ

What is Marathon Petroleum's midstream — adjusted EBITDA?
Marathon Petroleum (MPC) reported midstream — adjusted EBITDA of $1.78B in Q2 2026.
How has Marathon Petroleum's midstream — adjusted EBITDA changed year-over-year?
Marathon Petroleum's midstream — adjusted EBITDA increased by 8.3% year-over-year, from $1.64B to $1.78B.
What is the long-term trend for Marathon Petroleum's midstream — adjusted EBITDA?
Over 4 years (2021 to 2025), Marathon Petroleum's midstream — adjusted EBITDA has grown at a 5.7% compound annual growth rate (CAGR), from $5.41B to $6.75B.
What does midstream — adjusted EBITDA mean?
A non-GAAP measure of the midstream segment's operating performance, calculated by adding back depreciation, amortization, and other non-cash or non-recurring items to segment operating income. It provides a clear view of the cash-generating capability of the pipeline and storage assets independent of capital structure.

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