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-3.0% | $2.88B+0.7% | $2.93B+4.6% | $2.81B+3.8% | $2.91B+10.9% | |
| Refining & Marketing | $32.34B+9.6% | $30.33B-2.8% | $32.65B-2.1% | $31.83B-12.1% | $29.5B-4.9% | |
| Renewable Diesel | $579M-7.5% | $855M+40.9% | $716M+48.9% | $633M+26.9% | $626M+21.1% | |
| Other segment item by Business | ||||||
| Midstream | $1.43B+2.4% | $1.38B+1.3% | $1.43B+6.4% | $1.36B+5.4% | $1.4B+15.0% | |
| Refining & Marketing | $341M-15.8% | $400M-22.2% | $422M-4.3% | $366M-11.8% | $405M+68.8% | |
| Renewable Diesel | $417M-29.6% | $771M+50.0% | $705M+51.6% | $579M+25.9% | $592M+13.6% | |
| Segment expenses by Business | ||||||
| Midstream | $1.43B+2.4% | $1.38B+1.3% | $1.43B+6.4% | $1.36B+5.4% | $1.4B+15.0% | |
| Refining & Marketing | $30.96B+6.7% | $28.33B-7.6% | $30.9B-4.2% | $29.95B-12.4% | $29.01B-0.1% | |
| Renewable Diesel | $512M-25.1% | $874M+43.3% | $794M+42.8% | $670M+24.5% | $684M+10.3% | |
| Gross PP&E by Business | ||||||
| Midstream | $34.67B+11.9% | $34.06B+10.9% | $33.4B+9.9% | $31.29B+3.8% | $30.99B+3.5% | |
| Refining & Marketing | $34.66B+4.2% | $34.37B+4.3% | $33.97B+2.6% | $33.55B+2.4% | $33.27B+2.6% | |
| Renewable Diesel | $970M+0.2% | $970M-0.6% | $969M— | $969M— | $968M— | |
| Adjusted EBITDA by Business | ||||||
| Midstream | $1.6B-7.1% | $1.68B-1.6% | $1.71B+5.0% | $1.64B+1.3% | $1.72B+8.2% | |
| Refining & Marketing | $1.38B+182% | $2B+257% | $1.76B+55.1% | $1.89B-6.5% | $489M-75.4% | |
| Renewable Diesel | $38M+190% | $0— | -$56M+8.2% | -$19M+29.6% | -$42M+53.3% | |
| Property, plant and equipment, net by Business | ||||||
| Midstream | $22.65B+13.9% | $22.37B+12.4% | $22.02B+10.7% | $19.88B-0.3% | $19.89B-0.8% | |
| Refining & Marketing | $13.85B-0.3% | $13.91B-0.3% | $13.84B-1.9% | $13.79B-2.8% | $13.89B-3.2% | |
| Renewable Diesel | $559M-10.0% | $574M-10.0% | $589M— | $605M— | $621M— | |
| Income (Loss) from Equity Method Investments by Business | ||||||
| Midstream | $207M-1.0% | $180M-14.3% | $213M+21.0% | $191M-5.9% | $209M+15.5% | |
| Refining & Marketing | -$2M-140% | —— | $3M-89.7% | $3M-57.1% | $5M-50.0% | |
| Renewable Diesel | -$29M-281% | $26M-16.1% | $22M+57.1% | $18M+50.0% | $16M+23.1% | |
| Accumulated Depreciation by Business | ||||||
| Midstream | $12.02B+8.3% | $11.69B+8.3% | $11.38B+8.4% | $11.41B+11.9% | $11.1B+12.2% | |
| Refining & Marketing | $20.81B+7.4% | $20.46B+7.6% | $20.13B+6.0% | $19.75B+6.4% | $19.38B+7.1% | |
| Renewable Diesel | $411M+18.4% | $396M+17.2% | $380M— | $364M— | $347M— | |
| D&A by Business | ||||||
| Midstream | $382M+8.8% | $381M+4.7% | $369M+4.5% | $349M+1.2% | $351M+2.3% | |
| Refining & Marketing | $387M-4.7% | $390M-7.6% | $426M-4.9% | $405M-10.6% | $406M-8.6% | |
| Renewable Diesel | $16M-11.1% | $16M-36.0% | $17M0.0% | $18M+5.9% | $18M+12.5% | |
| Operating costs by Business | ||||||
| Refining & Marketing | $1.6B+8.6% | $1.59B+9.9% | $1.55B+7.7% | $1.49B+9.0% | $1.47B+0.5% | |
| Renewable Diesel | $67M-4.3% | $71M+4.4% | $67M-10.7% | $66M+11.9% | $70M+4.5% | |
| Capital Expenditures And Investments by Business | ||||||
| Midstream | $892M+131% | $979M+158% | $919M+65.0% | $691M+187% | $386M+18.0% | |
| Refining & Marketing | $328M-9.4% | $448M-7.4% | $423M+14.6% | $347M+14.9% | $362M+24.8% | |
| Renewable Diesel | $62M+6,100% | $1M-50.0% | $16M+433% | $1M-50.0% | $1M0.0% | |
| Distribution costs by Business | ||||||
| Refining & Marketing | $1.58B+7.0% | $1.6B+8.4% | $1.57B+6.7% | $1.54B+2.9% | $1.48B+4.5% | |
| Renewable Diesel | $28M+27.3% | $32M+14.3% | $22M+37.5% | $25M+31.6% | $22M-31.3% | |
| Sales and other operating revenues by Product | ||||||
| Refined products | $31.27B+9.4% | $29.95B-0.7% | $31.76B-0.4% | $31.05B-10.0% | $28.57B-3.5% | |
| Services and other | $1.28B-7.4% | $1.38B-0.1% | $1.46B+5.3% | $1.33B+0.5% | $1.38B+6.3% |
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.
