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Marathon Petroleum MPC Renewable Diesel — Income (Loss) from Equity Method Investments

Other segment segments

Midstream
$207M-1.0%
Refining & Marketing
-$2M-140%

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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:IncomeLossFromEquityMethodInvestments.

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
Income from equity method investments
Refining & Marketing$(2)$5
Midstream207209
Renewable Diesel(29)16
Consolidated income from equity method investments$176$230

Item 1. Financial Statements

FAQ

What is Marathon Petroleum's renewable diesel — income (loss) from equity method investments?
Marathon Petroleum (MPC) reported renewable diesel — income (loss) from equity method investments of -$29M in Q1 2026.
How has Marathon Petroleum's renewable diesel — income (loss) from equity method investments changed year-over-year?
Marathon Petroleum's renewable diesel — income (loss) from equity method investments decreased by 281.3% year-over-year, from $16M to -$29M.
What is the long-term trend for Marathon Petroleum's renewable diesel — income (loss) from equity method investments?
Over 3 years (2022 to 2025), Marathon Petroleum's renewable diesel — income (loss) from equity method investments has grown at a 60.1% compound annual growth rate (CAGR), from -$20M to $82M.
What does renewable diesel — income (loss) from equity method investments mean?
This metric captures the company's share of earnings or losses from investments in entities where it exercises significant influence but does not have full control. It reflects the performance of joint ventures or partnerships involved in the renewable diesel supply chain.

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