Marathon Petroleum MPC Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Sales and other operating revenues by Business | ||||||
| Midstream | $2.82B-2.0% | $2.88B-1.6% | $2.93B+4.2% | $2.81B-3.4% | $2.91B+1.7% | |
| Refining & Marketing | $32.34B+6.6% | $30.33B-7.1% | $32.65B+2.6% | $31.83B+7.9% | $29.5B-5.5% | |
| Renewable Diesel | $579M-32.3% | $855M+19.4% | $716M+13.1% | $633M+1.1% | $626M+3.1% | |
| Other segment item by Business | ||||||
| Midstream | $1.43B+3.6% | $1.38B-3.6% | $1.43B+5.4% | $1.36B-2.7% | $1.4B+2.5% | |
| Refining & Marketing | $341M-14.8% | $400M-5.2% | $422M+15.3% | $366M-9.6% | $405M-21.2% | |
| Renewable Diesel | $417M-45.9% | $771M+9.4% | $705M+21.8% | $579M-2.2% | $592M+15.2% | |
| Segment expenses by Business | ||||||
| Midstream | $1.43B+3.6% | $1.38B-3.6% | $1.43B+5.4% | $1.36B-2.7% | $1.4B+2.5% | |
| Refining & Marketing | $30.96B+9.3% | $28.33B-8.3% | $30.9B+3.2% | $29.95B+3.2% | $29.01B-5.3% | |
| Renewable Diesel | $512M-41.4% | $874M+10.1% | $794M+18.5% | $670M-2.0% | $684M+12.1% | |
| Gross PP&E by Business | ||||||
| Midstream | $34.67B+1.8% | $34.06B+2.0% | $33.4B+6.7% | $31.29B+1.0% | $30.99B+1.0% | |
| Refining & Marketing | $34.66B+0.8% | $34.37B+1.2% | $33.97B+1.3% | $33.55B+0.8% | $33.27B+0.9% | |
| Renewable Diesel | $970M0.0% | $970M+0.1% | $969M0.0% | $969M+0.1% | $968M-0.8% | |
| Adjusted EBITDA by Business | ||||||
| Midstream | $1.6B-4.9% | $1.68B-1.7% | $1.71B+4.1% | $1.64B-4.6% | $1.72B+0.8% | |
| Refining & Marketing | $1.38B-31.0% | $2B+13.3% | $1.76B-6.8% | $1.89B+287% | $489M-12.5% | |
| Renewable Diesel | $38M— | $0+100% | -$56M-195% | -$19M+54.8% | -$42M— | |
| Property, plant and equipment, net by Business | ||||||
| Midstream | $22.65B+1.3% | $22.37B+1.6% | $22.02B+10.7% | $19.88B0.0% | $19.89B0.0% | |
| Refining & Marketing | $13.85B-0.4% | $13.91B+0.5% | $13.84B+0.4% | $13.79B-0.7% | $13.89B-0.5% | |
| Renewable Diesel | $559M-2.6% | $574M-2.5% | $589M-2.6% | $605M-2.6% | $621M-2.7% | |
| Income (Loss) from Equity Method Investments by Business | ||||||
| Midstream | $207M+15.0% | $180M-15.5% | $213M+11.5% | $191M-8.6% | $209M-0.5% | |
| Refining & Marketing | -$2M— | —— | $3M0.0% | $3M-40.0% | $5M-54.5% | |
| Renewable Diesel | -$29M-212% | $26M+18.2% | $22M+22.2% | $18M+12.5% | $16M-48.4% | |
| Accumulated Depreciation by Business | ||||||
| Midstream | $12.02B+2.8% | $11.69B+2.7% | $11.38B-0.2% | $11.41B+2.8% | $11.1B+2.8% | |
| Refining & Marketing | $20.81B+1.7% | $20.46B+1.7% | $20.13B+1.9% | $19.75B+1.9% | $19.38B+1.9% | |
| Renewable Diesel | $411M+3.8% | $396M+4.2% | $380M+4.4% | $364M+4.9% | $347M+2.7% | |
| D&A by Business | ||||||
| Midstream | $382M+0.3% | $381M+3.3% | $369M+5.7% | $349M-0.6% | $351M-3.6% | |
| Refining & Marketing | $387M-0.8% | $390M-8.5% | $426M+5.2% | $405M-0.2% | $406M-3.8% | |
| Renewable Diesel | $16M0.0% | $16M-5.9% | $17M-5.6% | $18M0.0% | $18M-28.0% | |
| Operating costs by Business | ||||||
| Refining & Marketing | $1.6B+0.4% | $1.59B+3.0% | $1.55B+4.0% | $1.49B+1.0% | $1.47B+1.6% | |
| Renewable Diesel | $67M-5.6% | $71M+6.0% | $67M+1.5% | $66M-5.7% | $70M+2.9% | |
| Capital Expenditures And Investments by Business | ||||||
| Midstream | $892M-8.9% | $979M+6.5% | $919M+33.0% | $691M+79.0% | $386M+1.8% | |
| Refining & Marketing | $328M-26.8% | $448M+5.9% | $423M+21.9% | $347M-4.1% | $362M-25.2% | |
| Renewable Diesel | $62M+6,100% | $1M-93.8% | $16M+1,500% | $1M0.0% | $1M-50.0% | |
| Distribution costs by Business | ||||||
| Refining & Marketing | $1.58B-0.9% | $1.6B+1.4% | $1.57B+2.4% | $1.54B+4.0% | $1.48B+0.3% | |
| Renewable Diesel | $28M-12.5% | $32M+45.5% | $22M-12.0% | $25M+13.6% | $22M-21.4% | |
| Sales and other operating revenues by Product | ||||||
| Refined products | $31.27B+4.4% | $29.95B-5.7% | $31.76B+2.3% | $31.05B+8.7% | $28.57B-5.3% | |
| Services and other | $1.28B-7.5% | $1.38B-5.5% | $1.46B+9.6% | $1.33B-3.3% | $1.38B-0.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Marathon Petroleum break its business down?
- Marathon Petroleum (MPC) reports sales and other operating revenues by business across 3 parts — Midstream, Refining & Marketing and Renewable Diesel. Each is extracted from the segment footnotes and tracked over time.
- Where does Marathon Petroleum's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Marathon Petroleum's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
