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Marathon Petroleum MPC Refining & Marketing — Other segment item

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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 us-gaap:SegmentReportingOtherItemAmount.

The source filing: Marathon Petroleum’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 1:03 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001510295-26-000042
(Millions of dollars)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Cost of purchases$27,435$25,658
Refining operating costs1,5991,472
Distribution costs1,5811,478
Other segment items(a)341405
Refining & Marketing segment expenses$30,956$29,013
Midstream
Other segment items(b)1,4331,399
Midstream segment expenses$1,433$1,399

Item 1. Financial Statements

FAQ

What is Marathon Petroleum's refining & marketing — other segment item?
Marathon Petroleum (MPC) reported refining & marketing — other segment item of $341M in Q1 2026.
How has Marathon Petroleum's refining & marketing — other segment item changed year-over-year?
Marathon Petroleum's refining & marketing — other segment item decreased by 15.8% year-over-year, from $405M to $341M.
What is the long-term trend for Marathon Petroleum's refining & marketing — other segment item?
Over 3 years (2022 to 2025), Marathon Petroleum's refining & marketing — other segment item has grown at a -3.8% compound annual growth rate (CAGR), from $1.79B to $1.59B.
What does refining & marketing — other segment item mean?
This captures miscellaneous income or expenses specific to the refining and marketing segment that do not fit into primary categories like operating or distribution costs. It may include items such as insurance recoveries, legal settlements, or minor asset disposals. It is used to reconcile segment-level performance to the broader financial statements.

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