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Marathon Petroleum MPC Renewable Diesel — Renewable Diesel JV depreciation and amortization

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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$92.39B+73.7%
Enterprise value$91.74B+124%
P/E10.8×-14.1×
P/S0.6×+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 mpc:RenewableDieselJVDepreciationAndAmortization.

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
Corporate(250)(192)
Refining & Renewable Diesel planned turnaround costs(531)(465)
Renewable Diesel JV planned turnaround costs(a)(29)(8)
Depreciation and amortization(809)(793)
Renewable Diesel JV depreciation and amortization(a)(22)(22)
Clean fuel production tax credit(b)32
Net interest and other financial costs(370)(304)
Income before income taxes$1,034$383

Item 1. Financial Statements

FAQ

What is Marathon Petroleum's renewable diesel — renewable diesel JV depreciation and amortization?
Marathon Petroleum (MPC) reported renewable diesel — renewable diesel JV depreciation and amortization of $22M in Q1 2026.
How has Marathon Petroleum's renewable diesel — renewable diesel JV depreciation and amortization changed year-over-year?
Marathon Petroleum's renewable diesel — renewable diesel JV depreciation and amortization decreased by 0.0% year-over-year, from $22M to $22M.
What is the long-term trend for Marathon Petroleum's renewable diesel — renewable diesel JV depreciation and amortization?
Over 2 years (2022 to 2024), Marathon Petroleum's renewable diesel — renewable diesel JV depreciation and amortization has grown at a 843.4% compound annual growth rate (CAGR), from $1M to $89M.
What does renewable diesel — renewable diesel JV depreciation and amortization mean?
This metric represents the non-cash expense allocated to the Renewable Diesel segment related to the systematic allocation of the cost of tangible assets associated with joint venture operations over their useful lives. It reflects the capital intensity of the renewable fuel production infrastructure and the ongoing consumption of asset value within the segment's joint venture partnerships. Investors use this to assess the underlying capital investment requirements and the non-cash impact on segment profitability.

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