EL7.AI
StocksMediumUpdated×2•Originally published 3 November 2026•Updated 3 November 2026•
2 min read

Marathon Petroleum Reports Third-Quarter Adjusted EPS of $26.93

Key Facts

1Adjusted earnings per share were $26.93, versus analysts’ estimate of $25.38, and revenue was $56.49 billion.
2Adjusted earnings per share exceeded Zacks’ estimate of $25.74 by 4.62%.
3The quarterly cash dividend was $1.10 per share, with an ex-dividend date of November 18 and payment on December 10, 2026.
4The 2026 capital spending outlook, excluding MPLX, is $1.5 billion.

Marathon Petroleum reported adjusted earnings of $26.93 per share in the third quarter of 2026, according to figures reported by Investing.com on November 3. The result topped analysts’ estimate of $25.38 per share, according to the same source. Revenue was $56.49 billion, compared with a consensus estimate of $46.72 billion. Zacks reported a different adjusted earnings estimate of $25.74 per share and said the result exceeded it by 4.62%. The company said its results discussion call was scheduled for the same day at 11:00 a.m. Eastern Time.

The results follow the company’s report of net income attributable to it of $5.1 billion in the second quarter of 2026, compared with $1.2 billion in the second quarter of 2025. Adjusted EBITDA was $8.5 billion in the second quarter, versus $3.3 billion a year earlier. In that quarter, the refining and marketing margin was $36.33 per barrel, up from $17.58 in the same period of 2025. The company attributed its second-quarter refining results mainly to higher crack spreads across all regions. CEO Maryann Mannen said, "Strong planning and commercial and operational execution enabled safe, reliable operations to meet resilient consumer demand."

As part of its capital allocation, the company’s investor relations reported a quarterly cash dividend of $1.10 per share. The ex-dividend date is November 18, 2026, with payment scheduled for December 10. The company maintained its 2026 capital spending outlook, excluding MPLX, at $1.5 billion. About 65% of expected spending was allocated to value-enhancing investments, while 35% was earmarked for sustaining operations. This allocation sets out the company’s stated capital spending priorities for the year.

The company’s shares, traded under the ticker MPC, closed at $430.39 in the November 2 session, according to EL7 data. That close was from the session before the results announcement. The company is scheduled to discuss its third-quarter results and provide an update on operations on a call on November 3 at 11:00 a.m. Eastern Time. The company had maintained its 2026 capital spending outlook at $1.5 billion, excluding MPLX. The outlook includes allocating about 65% to value-enhancing investments and 35% to sustaining operations.

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