Marathon Petroleum posts $5.1 billion net income in second quarter of 2026
Key Facts
Marathon Petroleum reported net income attributable to the company of $5.1 billion, or $17.73 per diluted share, in the second quarter of 2026. The company compared those results with net income of $1.2 billion and diluted earnings per share of $3.96 in the second quarter of 2025. Adjusted EBITDA was $8.5 billion, compared with $3.3 billion in the year-earlier period. The company said results were driven mainly by higher crack spreads across all regions. The figures provide a financial backdrop ahead of the third-quarter results announcement.
The company returned more than $2.8 billion to shareholders during the second quarter of 2026. As of June 30, it had $6.1 billion remaining under its share repurchase authorizations. Marathon Petroleum recorded two quarterly cash dividends of $1.00 per share during 2026 before the new announcement referenced in the news draft. The company’s records show the two payments in May and August, with payment dates in June and September, respectively. These records provide context for the company’s dividends during the year, alongside its share repurchase activity.
MPC shares closed at $470.64 on October 26, 2026, then at $435.98 on October 27. The sequence of closing prices reflects a decline between the two sessions, with no verified data available here on the session high or low. In the first quarter of 2026, the company reported net income of $511 million, or $1.73 per diluted share. It also said it returned $1 billion to shareholders that quarter and announced an additional $5 billion share repurchase authorization. These results place second-quarter capital returns within a series of measures the company announced during the first half of the year.
Company data show the annual dividend per share rising from $2.12 in 2019 to $3.73 in 2025, an increase of 76% from the 2019 level. In October 2025, the company announced a quarterly dividend of $1.00 per share, an increase of about 10% from $0.91. It had raised the dividend in October 2024 to $0.91 from $0.825 in July of the same year. Marathon Petroleum operates in the downstream and midstream sectors and says it runs the largest refining system in the United States. The company will hold its third-quarter results call on November 3, 2026, at 11:00 a.m. Eastern time.