Marathon Petroleum Corporation is set to announce its latest quarterly earnings on Monday, May 4th. Analysts estimate an earnings per share of $0.843 for this period.
Marathon Petroleum Corporation's stock price is currently at $229.38, showing a price increase of $2.17 (0.955%) from the previous close of $227.21. The trading volume is $247,971, representing a 9.52% increase relative to the average trading volume.
In the last quarterly earnings report on Monday, February 2nd, Marathon Petroleum Corporation exceeded expectations with an EPS of $2.73.
Marathon Petroleum Corporation offers a forward dividend yield of 1.74%. The company distributed dividends of 10.192 cents per share year-over-year, with a trailing twelve-month dividend per share of $3.82.
Morgan Stanley recently upgraded Marathon Petroleum Corporation's stock to "Overweight" from the previous "Overweight" grade, advising investors to hold the stock. This upgrade was based on a price of $221.1 when published on April 24th.
Marathon Petroleum Corporation generated a free cash flow of $1.89 billion, with acquisitions netting $885 million. The company's net cash position increased by $1 billion, ending the period with $3.67 billion in cash.
The company reported a net income of $1.53 billion on a revenue of $32.57 billion, resulting in an EPS of $5.13. Key expenses include general and administrative expenses of $836 million and interest expenses of $378 million.
Key financial ratios for Marathon Petroleum Corporation include a net profit margin of 4.71%, return on equity of 8.87%, and a price-to-earnings ratio of 7.92.
Marathon Petroleum Corporation holds total assets of $85.56 billion, with total liabilities amounting to $61.47 billion. The company's net debt stands at $30.69 billion.
This comprehensive report provides insights into Marathon Petroleum Corporation's financial performance and outlook.
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures aromatics, propane, propylene, and sulfur. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. As of December 31, 2021, the company operated 7,159 brand jobber outlets in 37 states, the District of Columbia, and Mexico through independent entrepreneurs. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.