Marathon Petroleum Corporation: EPS $26.93 vs $25.37 expected; revenue $56.5B vs $46.6B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 26.93 | 25.37 | +6.1% | 3.01 |
| Revenue (USD bn) | 56.49 | 46.60 | +21.2% | 34.81 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 3, 2026 | Q3 FY2026 | 26.93 | 25.3700 | +6.1% | 56.49 | 46.60 | +21.2% |
| Aug 4, 2026 | Q2 FY2026 | 17.73 | 14.2700 | +24.2% | 52.34 | 40.87 | — |
| May 5, 2026 | Q1 FY2026 | 1.65 | 0.7390 | — | 34.57 | 33.42 | +3.4% |
| Feb 3, 2026 | Q4 FY2025 | 4.07 | 2.7200 | +49.6% | 33.42 | 31.08 | +7.5% |
| Nov 4, 2025 | Q3 FY2025 | 3.01 | 3.1500 | −4.4% | 34.81 | 33.45 | +4.1% |
| Aug 5, 2025 | Q2 FY2025 | 3.96 | 3.2400 | +22.2% | 33.80 | 33.32 | +1.4% |
| May 6, 2025 | Q1 FY2025 | −0.24 | −0.5423 | +55.7% | 31.85 | 31.87 | −0.1% |
| Feb 4, 2025 | Q4 FY2024 | 0.77 | 0.0220 | — | 33.47 | 33.14 | +1.0% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Marathon Petroleum Corporation results: EPS $26.93 vs $25.37 expected; revenue $56.5B vs $46.6B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 6.1%; revenue above the estimate by 21.2%.
Revenue was up 62.3% from $34.8 billion a year earlier (Q3 FY2025). EPS was up 794.7% from $3.01 a year earlier. On its record, EPS topped analysts' estimates in 4 of 5 earlier comparable reports.
What the results mean
Marathon Petroleum Corporation’s results reflect a business combining oil refining, fuel marketing, transportation and storage. Revenue growth indicates an expansion in sales value, but the available information does not establish how prices and volumes contributed or independently demonstrate improved operating profitability.
Refining performance depends on the spread between crude costs and the value of products sold, alongside transportation fuel demand and refinery operating efficiency. Pipelines, storage and gas processing provide revenue streams with different drivers from refining margins, making each business’s contribution essential to interpreting the results.
What to watch on the earnings call: The earnings call merits attention for management’s explanation of price and volume contributions to revenue growth, refining margin trends and refinery operating efficiency. Other useful topics include fuel demand, operating and maintenance costs, the contribution of transportation, storage and gas processing to cash generation, and spending priorities.
For the full analysis of Marathon Petroleum Corporation stock — valuation, scores and financial statements — see the stock page linked with this story.