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Marathon Petroleum MPC Refining & Marketing — Segment expenses

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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:CostsAndExpenses.

The official record: Marathon Petroleum’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marathon Petroleum's refining & marketing — segment expenses?
Marathon Petroleum (MPC) reported refining & marketing — segment expenses of $30.96B in Q1 2026.
How has Marathon Petroleum's refining & marketing — segment expenses changed year-over-year?
Marathon Petroleum's refining & marketing — segment expenses increased by 6.7% year-over-year, from $29.01B to $30.96B.
What is the long-term trend for Marathon Petroleum's refining & marketing — segment expenses?
Over 3 years (2022 to 2025), Marathon Petroleum's refining & marketing — segment expenses has grown at a -8.1% compound annual growth rate (CAGR), from $152.39B to $118.18B.
What does refining & marketing — segment expenses mean?
The total sum of all costs associated with the refining and marketing segment's operations.
How do you interpret refining & marketing — segment expenses?
A decrease relative to revenue indicates improved margin expansion, while an increase suggests rising costs that could erode profitability.
How does refining & marketing — segment expenses compare across companies?
Equivalent to 'Total Segment Operating Expenses' across the refining industry.