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Marathon Petroleum MPC Refining & Marketing — Sales and other operating revenues

Other segment segments

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Refining & Marketing
Revenues from external customers(a)$32,326$29,457
Intersegment revenues940
Refining & Marketing segment revenues32,33529,497
Midstream
Revenues from external customers(a)1,3021,441
Intersegment revenues1,5221,469
Midstream segment revenues2,8242,910

Item 1. Financial Statements

FAQ

What is Marathon Petroleum's refining & marketing — sales and other operating revenues?
Marathon Petroleum (MPC) reported refining & marketing — sales and other operating revenues of $32.34B in Q1 2026.
How has Marathon Petroleum's refining & marketing — sales and other operating revenues changed year-over-year?
Marathon Petroleum's refining & marketing — sales and other operating revenues increased by 9.6% year-over-year, from $29.5B to $32.34B.
What is the long-term trend for Marathon Petroleum's refining & marketing — sales and other operating revenues?
Over 4 years (2021 to 2025), Marathon Petroleum's refining & marketing — sales and other operating revenues has grown at a 1.9% compound annual growth rate (CAGR), from $115.49B to $124.31B.
What does refining & marketing — sales and other operating revenues mean?
This represents the total gross revenue generated by the refining and marketing segment from the sale of refined petroleum products to wholesale, retail, and spot market customers. It reflects the top-line performance of the segment, driven by both the volume of products sold and the prevailing market prices for refined fuels. It is a key indicator of market demand and the segment's competitive position in the fuel supply chain.

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