Marathon Petroleum (MPC) Set to Announce Quarterly Earnings on Tuesday

Marathon Petroleum (NYSE:MPC) is expected to be issuing its Q3 2026 results before the market opens on Tuesday, November 3rd. Analysts expect the company to announce earnings of $25.37 per share and revenue of $46.60 billion for the quarter. Interested persons can find conference call details on the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 11:00 AM ET.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. The company had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The firm’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.96 EPS. On average, analysts expect Marathon Petroleum to post $64.12 EPS for the current fiscal year and $66.21 EPS for the next fiscal year.

Marathon Petroleum Stock Up 2.8%

MPC stock opened at $470.02 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25. The firm has a market cap of $137.22 billion, a PE ratio of 16.16, a PEG ratio of 0.12 and a beta of 0.54. The firm’s 50 day moving average price is $409.37 and its 200-day moving average price is $283.02. Marathon Petroleum has a one year low of $161.93 and a one year high of $493.98.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 19th. Marathon Petroleum’s payout ratio is 13.75%.

Insiders Place Their Bets

In other news, insider Molly R. Benson sold 17,196 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $358.57, for a total value of $6,165,969.72. Following the transaction, the insider directly owned 30,334 shares of the company’s stock, valued at $10,876,862.38. The trade was a 36.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Shawn M. Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the transaction, the senior vice president directly owned 12,619 shares of the company’s stock, valued at $4,416,650. This represents a 16.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 21,691 shares of company stock worth $7,780,127 over the last quarter. Company insiders own 0.17% of the company’s stock.

Key Headlines Impacting Marathon Petroleum

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Firm refining margins are supporting expectations for another strong performance from Marathon Petroleum. High gasoline prices, tight fuel inventories and disrupted shipping routes may continue benefiting refiners, improving the outlook for MPC’s earnings. Marathon Petroleum Rides Firm Refining Margins Into Earnings 3 Oil Stocks Retail Investors Are Watching As US Gasoline Prices Stay High
• Positive Sentiment: Raymond James raised its price target for MPC to $560, signaling increased confidence in the refiner’s earnings outlook and valuation. Raymond James Raises Target for Marathon Petroleum Stock to USD 560
• Positive Sentiment: A Zacks analysis identifies Marathon Petroleum as a top-rated energy stock, adding bullish analyst-screening support to the investment case. This Top Oils and Energy Stock is a Strong Buy
• Neutral Sentiment: Phillips 66’s ability to benefit from crude discounts provides a favorable sector read-through for refiners, although its economics are company-specific and do not directly change MPC’s results. How PSX’s Flexible Crude Slate Supports Its Refining Economics
• Negative Sentiment: Exchange-traded funds were net sellers of MPC shares on October 22, indicating some institutional or passive-fund selling pressure that could temper the stock’s advance. ETFs Are Net Sellers of Marathon Petroleum

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MPC shares. The Goldman Sachs Group boosted their price target on shares of Marathon Petroleum from $376.00 to $472.00 and gave the company a “buy” rating in a research report on Monday, September 21st. Mizuho boosted their target price on shares of Marathon Petroleum from $304.00 to $457.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Evercore set a $330.00 price objective on shares of Marathon Petroleum in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $400.00 to $560.00 and gave the company an “overweight” rating in a report on Wednesday, October 14th. Finally, Piper Sandler upped their price target on shares of Marathon Petroleum from $344.00 to $462.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $424.31.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.