Marathon Petroleum MPC Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Sales and other operating revenues by Business | ||||||
| Midstream | $11.45B-0.7% | $11.53B+0.2% | $11.51B+1.1% | $11.38B+0.9% | $11.28B+2.6% | |
| Refining & Marketing | $127.15B+2.3% | $124.31B-0.7% | $125.19B-0.5% | $125.87B-3.4% | $130.24B-1.2% | |
| Renewable Diesel | $2.78B-1.7% | $2.83B+9.6% | $2.58B+10.0% | $2.35B+6.1% | $2.21B+5.2% | |
| Other segment item by Business | ||||||
| Midstream | $5.61B+0.6% | $5.58B+0.3% | $5.56B+1.6% | $5.47B+1.3% | $5.4B+3.5% | |
| Refining & Marketing | $1.53B-4.0% | $1.59B-6.7% | $1.71B-1.1% | $1.73B-2.8% | $1.78B+10.2% | |
| Renewable Diesel | $2.47B-6.6% | $2.65B+10.8% | $2.39B+11.2% | $2.15B+5.9% | $2.03B+3.6% | |
| Segment expenses by Business | ||||||
| Midstream | $5.61B+0.6% | $5.58B+0.3% | $5.56B+1.6% | $5.47B+1.3% | $5.4B+3.5% | |
| Refining & Marketing | $120.13B+1.6% | $118.18B-1.9% | $120.51B-1.1% | $121.85B-3.4% | $126.09B0.0% | |
| Renewable Diesel | $2.85B-5.7% | $3.02B+9.6% | $2.76B+9.4% | $2.52B+5.5% | $2.39B+2.8% | |
| Gross PP&E by Business | ||||||
| Midstream | $133.42B+2.8% | $129.74B+2.7% | $126.38B+2.4% | $123.37B+0.9% | $122.21B+0.9% | |
| Refining & Marketing | $136.55B+1.0% | $135.16B+1.1% | $133.75B+0.7% | $132.88B+0.6% | $132.09B+0.6% | |
| Renewable Diesel | $3.88B+0.1% | $3.88B-0.2% | $3.88B— | —— | —— | |
| Adjusted EBITDA by Business | ||||||
| Midstream | $6.63B-1.8% | $6.75B-0.4% | $6.78B+1.2% | $6.7B+0.3% | $6.68B+2.0% | |
| Refining & Marketing | $7.03B+14.5% | $6.14B+30.6% | $4.7B+15.4% | $4.07B-3.1% | $4.21B-26.2% | |
| Renewable Diesel | -$37M+68.4% | -$117M— | —— | —— | —— | |
| Property, plant and equipment, net by Business | ||||||
| Midstream | $86.92B+3.3% | $84.16B+3.0% | $81.69B+2.7% | $79.57B-0.1% | $79.63B-0.2% | |
| Refining & Marketing | $55.4B-0.1% | $55.43B-0.1% | $55.47B-0.5% | $55.74B-0.7% | $56.14B-0.8% | |
| Renewable Diesel | $2.33B-2.6% | $2.39B-2.6% | $2.45B— | —— | —— | |
| Income (Loss) from Equity Method Investments by Business | ||||||
| Midstream | $791M-0.3% | $793M-3.6% | $823M+4.7% | $786M-1.5% | $798M+3.6% | |
| Renewable Diesel | $37M-54.9% | $82M-5.7% | $87M+10.1% | $79M+8.2% | $73M+4.3% | |
| Accumulated Depreciation by Business | ||||||
| Midstream | $46.49B+2.0% | $45.58B+2.0% | $44.69B+2.0% | $43.8B+2.9% | $42.58B+2.9% | |
| Refining & Marketing | $81.15B+1.8% | $79.73B+1.8% | $78.28B+1.5% | $77.14B+1.6% | $75.95B+1.7% | |
| Renewable Diesel | $1.55B+4.3% | $1.49B+4.1% | $1.43B— | —— | —— | |
| D&A by Business | ||||||
| Midstream | $1.48B+2.1% | $1.45B+1.2% | $1.43B+1.1% | $1.42B+0.3% | $1.41B+0.6% | |
| Refining & Marketing | $1.61B-1.2% | $1.63B-1.9% | $1.66B-1.3% | $1.68B-2.8% | $1.73B-2.2% | |
| Renewable Diesel | $67M-2.9% | $69M-11.5% | $78M0.0% | $78M+1.3% | $77M+2.7% | |
| Operating costs by Business | ||||||
| Refining & Marketing | $6.22B+2.1% | $6.1B+2.4% | $5.95B+1.9% | $5.84B+2.2% | $5.72B+0.1% | |
| Renewable Diesel | $271M-1.1% | $274M+1.1% | $271M-2.9% | $279M+2.6% | $272M+1.1% | |
| Capital Expenditures And Investments by Business | ||||||
| Midstream | $3.48B+17.0% | $2.98B+25.3% | $2.38B+18.0% | $2.01B+28.8% | $1.56B+3.9% | |
| Refining & Marketing | $1.55B-2.2% | $1.58B-2.2% | $1.62B+3.5% | $1.56B+3.0% | $1.52B+5.0% | |
| Renewable Diesel | $80M+321% | $19M-5.0% | $20M+186% | $7M-12.5% | $8M0.0% | |
| Distribution costs by Business | ||||||
| Refining & Marketing | $6.29B+1.7% | $6.19B+2.0% | $6.06B+1.7% | $5.96B+0.7% | $5.92B+1.1% | |
| Renewable Diesel | $107M+5.9% | $101M+4.1% | $97M+6.6% | $91M+7.1% | $85M-10.5% | |
| Sales and other operating revenues by Product | ||||||
| Refined products | $124.03B+2.2% | $121.33B-0.2% | $121.55B-0.1% | $121.68B-2.8% | $125.12B-0.8% | |
| Services and other | $5.46B-1.8% | $5.56B0.0% | $5.56B+1.3% | $5.48B+0.1% | $5.48B+1.5% |
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.
