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Marathon Petroleum MPC Renewable Diesel — D&A

Other segment segments

Refining & Marketing
$387M-4.7%
Midstream
$382M+8.8%

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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:DepreciationDepletionAndAmortization.

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
Depreciation and amortization
Refining & Marketing$387$406
Midstream382351
Renewable Diesel(a)1618
Total segment depreciation and amortization785775
Corporate2418
Consolidated depreciation and amortization$809$793
Pro-rata share of Renewable Diesel JV depreciation and amortization$22$22

Item 1. Financial Statements

FAQ

What is Marathon Petroleum's renewable diesel — D&A?
Marathon Petroleum (MPC) reported renewable diesel — D&A of $16M in Q1 2026.
How has Marathon Petroleum's renewable diesel — D&A changed year-over-year?
Marathon Petroleum's renewable diesel — D&A decreased by 11.1% year-over-year, from $18M to $16M.
What is the long-term trend for Marathon Petroleum's renewable diesel — D&A?
Over 3 years (2022 to 2025), Marathon Petroleum's renewable diesel — D&A has grown at a 1.0% compound annual growth rate (CAGR), from $67M to $69M.
What does renewable diesel — D&A mean?
This non-cash expense represents the systematic allocation of the cost of tangible and intangible assets used in the renewable diesel segment over their useful lives. It reflects the capital intensity and aging of the segment's production infrastructure.

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