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Marathon Petroleum MPC Midstream — Goodwill, Impaired, Accumulated Impairment Loss

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$5.58B0.0%

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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$92.39B+79.1%
Enterprise value$91.74B+129%
P/E10.8×-13.4×
P/S0.6×+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 us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The source filing: Marathon Petroleum’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 1:30 PM EST
Fiscal year
FY2025
Accession
0001510295-26-000009
(Millions of dollars)Refining & MarketingMidstreamTotal
Impairment losses
Balance as of December 31, 20245617,6838,244
Acquisitions1,1101,110
Impairment losses
Balance as of December 31, 2025$561$8,793$9,354
Gross goodwill as of December 31, 2025$6,141$11,934$18,075
Accumulated impairment losses(5,580)(3,141)(8,721)
Balance as of December 31, 2025$561$8,793$9,354

Item 8. Financial Statements and Supplementary Data

FAQ

What is Marathon Petroleum's midstream — goodwill, impaired, accumulated impairment loss?
Marathon Petroleum (MPC) reported midstream — goodwill, impaired, accumulated impairment loss of $3.14B in Q4 2025.
What does midstream — goodwill, impaired, accumulated impairment loss mean?
The cumulative total of all impairment charges taken against the midstream segment's goodwill since the assets were acquired. This metric tracks the total historical erosion of value from the segment's acquisition-related intangible assets.

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