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Marathon Petroleum MPC Midstream — Goodwill

Discontinued — last reported Q4 '25

Other segment segments

Refining & Marketing
$6.14B0.0%

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Other financials

Income statement

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Revenue$34.2B+8.5%
Gross profit$2.9B+36.3%
Operating income$1.4B+104%
Net income$511.0M+791%
EPS (diluted)$1.73+821%

Balance sheet

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Cash & equivalents$2.2B-43.6%
Total debt$1.5B+22.3%
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$0+58.4%

Profitability

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Gross margin10.4%+1.9pp
Operating margin6.7%+2.5pp
Net margin3.4%+1.7pp

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 us-gaap:Goodwill.

The official record: Marathon Petroleum’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marathon Petroleum's midstream — goodwill?
Marathon Petroleum (MPC) reported midstream — goodwill of $8.79B in Q4 2025.
How has Marathon Petroleum's midstream — goodwill changed year-over-year?
Marathon Petroleum's midstream — goodwill increased by 14.4% year-over-year, from $7.68B to $8.79B.
What does midstream — goodwill mean?
The excess purchase price paid for acquired midstream business assets over their fair market value.
How do you interpret midstream — goodwill?
An increase indicates recent acquisitions, while a decrease suggests potential impairment of previously acquired assets.
How does midstream — goodwill compare across companies?
Common in energy infrastructure firms that grow through M&A; peers often report this as 'Goodwill' on the balance sheet.