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+1.5% | $11.53B+4.9% | $11.51B+6.3% | $11.38B+5.8% | $11.28B+6.7% | |
| Refining & Marketing | $127.15B-2.4% | $124.31B-5.7% | $125.19B-6.6% | $125.87B-10.3% | $130.24B-6.5% | |
| Renewable Diesel | $2.78B+25.8% | $2.83B+34.5% | $2.58B+35.0% | $2.35B+27.0% | $2.21B+25.4% | |
| Other segment item by Business | ||||||
| Midstream | $5.61B+3.8% | $5.58B+6.8% | $5.56B+8.5% | $5.47B+8.5% | $5.4B+7.6% | |
| Refining & Marketing | $1.53B-13.9% | $1.59B-1.1% | $1.71B+24.7% | $1.73B+43.7% | $1.78B+67.6% | |
| Renewable Diesel | $2.47B+21.7% | $2.65B+35.1% | $2.39B+34.1% | $2.15B+30.0% | $2.03B+32.8% | |
| Segment expenses by Business | ||||||
| Midstream | $5.61B+3.8% | $5.58B+6.8% | $5.56B+8.5% | $5.47B+8.5% | $5.4B+7.6% | |
| Refining & Marketing | $120.13B-4.7% | $118.18B-6.3% | $120.51B-5.5% | $121.85B-4.4% | $126.09B+0.6% | |
| Renewable Diesel | $2.85B+19.3% | $3.02B+30.0% | $2.76B+29.4% | $2.52B+26.5% | $2.39B+27.6% | |
| Gross PP&E by Business | ||||||
| Midstream | $133.42B+9.2% | $129.74B+7.1% | $126.38B+5.2% | $123.37B+4.2% | $122.21B+5.1% | |
| Refining & Marketing | $136.55B+3.4% | $135.16B+3.0% | $133.75B+3.0% | $132.88B+3.0% | $132.09B+2.4% | |
| Renewable Diesel | $3.88B— | $3.88B— | $3.88B— | —— | —— | |
| Adjusted EBITDA by Business | ||||||
| Midstream | $6.63B-0.7% | $6.75B+3.1% | $6.78B+5.8% | $6.7B+6.0% | $6.68B+7.1% | |
| Refining & Marketing | $7.03B+67.0% | $6.14B+7.6% | $4.7B-37.0% | $4.07B-61.9% | $4.21B-64.5% | |
| Renewable Diesel | -$37M— | -$117M— | —— | —— | —— | |
| Property, plant and equipment, net by Business | ||||||
| Midstream | $86.92B+9.2% | $84.16B+5.5% | $81.69B+2.2% | $79.57B+0.2% | $79.63B+1.0% | |
| Refining & Marketing | $55.4B-1.3% | $55.43B-2.1% | $55.47B-1.8% | $55.74B-2.3% | $56.14B-3.2% | |
| Renewable Diesel | $2.33B— | $2.39B— | $2.45B— | —— | —— | |
| Income (Loss) from Equity Method Investments by Business | ||||||
| Midstream | $791M-0.9% | $793M+3.0% | $823M+9.3% | $786M+2.3% | $798M+6.8% | |
| Renewable Diesel | $37M-49.3% | $82M+17.1% | $87M+259% | $79M+1,856% | $73M+334% | |
| Accumulated Depreciation by Business | ||||||
| Midstream | $46.49B+9.2% | $45.58B+10.2% | $44.69B+11.3% | $43.8B+12.4% | $42.58B+13.7% | |
| Refining & Marketing | $81.15B+6.8% | $79.73B+6.8% | $78.28B+6.7% | $77.14B+7.2% | $75.95B+7.0% | |
| Renewable Diesel | $1.55B— | $1.49B— | $1.43B— | —— | —— | |
| D&A by Business | ||||||
| Midstream | $1.48B+4.8% | $1.45B+3.2% | $1.43B+4.4% | $1.42B+4.2% | $1.41B+5.0% | |
| Refining & Marketing | $1.61B-7.0% | $1.63B-7.9% | $1.66B-5.5% | $1.68B-5.1% | $1.73B-4.1% | |
| Renewable Diesel | $67M-13.0% | $69M-8.0% | $78M+17.7% | $78M+19.1% | $77M+18.9% | |
| Operating costs by Business | ||||||
| Refining & Marketing | $6.22B+8.8% | $6.1B+6.7% | $5.95B+5.0% | $5.84B+3.6% | $5.72B+0.6% | |
| Renewable Diesel | $271M-0.4% | $274M+1.9% | $271M+3.6% | $279M+13.0% | $272M+9.5% | |
| Capital Expenditures And Investments by Business | ||||||
| Midstream | $3.48B+123% | $2.98B+97.8% | $2.38B+60.3% | $2.01B+73.7% | $1.56B+31.2% | |
| Refining & Marketing | $1.55B+1.9% | $1.58B+9.3% | $1.62B+55.4% | $1.56B+68.7% | $1.52B+75.0% | |
| Renewable Diesel | $80M+900% | $19M+138% | $20M-76.3% | $7M-95.6% | $8M-96.6% | |
| Distribution costs by Business | ||||||
| Refining & Marketing | $6.29B+6.2% | $6.19B+5.6% | $6.06B+4.6% | $5.96B+4.0% | $5.92B+4.8% | |
| Renewable Diesel | $107M+25.9% | $101M+6.3% | $97M+10.9% | $91M-1.1% | $85M-9.1% | |
| Sales and other operating revenues by Product | ||||||
| Refined products | $124.03B-0.9% | $121.33B-3.8% | $121.55B-5.7% | $121.68B-9.5% | $125.12B-6.1% | |
| Services and other | $5.46B-0.4% | $5.56B+3.0% | $5.56B+5.0% | $5.48B+5.7% | $5.48B+7.7% |
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.
