Marathon Pete Corp - MPC STOCK NEWS

Marathon Petroleum Corp (NYSE: MPC) has announced it will release its 2025 first-quarter financial results on Tuesday, May 6, 2025. The company will host a conference call at 11 a.m. EDT on the same day to discuss the quarterly performance.

Investors and interested parties can access the conference call through MPC's website. The earnings release and other investor materials will be available online before the call. A replay of the webcast will remain accessible on the company's website for two weeks following the event.

Marathon Petroleum (NYSE: MPC) has announced pricing for a $2.0 billion senior notes offering, comprising $1.1 billion of 5.15% senior notes due 2030 and $900 million of 5.70% senior notes due 2035. The proceeds will be used to repay the company's outstanding $1.25 billion of 4.700% senior notes due May 2025 and for general corporate purposes.

The offering is expected to close on February 10, 2025, subject to customary conditions. Wells Fargo Securities, Citigroup Global Markets, and MUFG Securities Americas are serving as joint book-running managers for the offering.

MPLX LP reported strong financial results for full-year 2024, with net income of $4.3 billion and adjusted EBITDA of $6.8 billion, representing increases of 10% and 8% year-over-year, respectively. The company returned $3.9 billion to unitholders through distributions and unit repurchases.

Key operational highlights include increased pipeline throughputs of 5.9 million barrels per day and terminal throughput of 3.1 million bpd. The company announced significant expansion plans including a new Gulf Coast fractionation complex with two 150,000 bpd facilities and a strategic partnership with ONEOK for a 400,000 bpd LPG export terminal.

For 2025, MPLX outlined a $2.0 billion capital spending plan, with $1.45 billion allocated to Natural Gas and NGL Services growth. The company maintained a strong financial position with $1.5 billion in cash and a leverage ratio of 3.1x.

Marathon Petroleum Corp. (MPC) reported Q4 2024 net income of $371 million ($1.15 per diluted share), down from $1.5 billion ($3.84 per diluted share) in Q4 2023. The company's adjusted net income was $249 million ($0.77 per diluted share) compared to $1.5 billion ($3.98 per diluted share) in Q4 2023.

For full-year 2024, MPC generated net cash from operations of $8.7 billion and returned $10.2 billion to shareholders through share repurchases and dividends. The company's Midstream segment showed 6% EBITDA growth. Q4 2024 adjusted EBITDA was $2.1 billion, versus $3.6 billion in Q4 2023.

MPC established a new Renewable Diesel segment and announced its 2025 standalone capital outlook of $1.25 billion. The company maintained strong liquidity with $3.2 billion in cash and equivalents, including $1.5 billion at MPLX, plus $5 billion available on its credit facility.

Marathon Petroleum Corp. (NYSE: MPC) has announced its 2025 annual shareholders meeting details. The meeting will be conducted virtually via live webcast on April 30, 2025, at 10 a.m. ET. Shareholders who are on record as of March 3, 2025, will have the right to receive notice and vote at the annual meeting. The company will provide detailed instructions for shareholder access and participation in the virtual meeting through its upcoming proxy statement.

Marathon Petroleum Corp. (NYSE: MPC) has announced its latest quarterly dividend declaration. The company's board of directors has approved a dividend of $0.91 per share on common stock. Shareholders who are on record as of the close of business on February 19, 2025, will receive the dividend payment on March 10, 2025.

Flyscan Systems announced that Kinder Morgan (NYSE: KMI) has joined its strategic investor group, which includes Marathon Petroleum, Enbridge, and Hatch. The investment will support Flyscan's growth and accelerate its entry into the Natural Gas detection and quantification market.

Flyscan, founded in 2015 as a spin-off from Canada's National Optics Institute, is pioneering technology for pipeline leak detection and right-of-way damage prevention. The company utilizes remote sensing and artificial intelligence to detect liquid hydrocarbons and automate visual inspection from regulatory patrol planes.

KMI's COO James Holland emphasized the state-of-the-art nature of Flyscan's technologies and their importance in protecting employees, the environment, and communities. The partnership aims to leverage KMI's strategic footprint across multiple fuel types and extensive presence in the US market.

Marathon Petroleum's Garyville refinery has achieved a significant safety milestone, celebrating 30 years of maintaining OSHA's Voluntary Protection Program (VPP) Star status, making it the longest-running VPP Star refinery in the United States. The facility, which first earned this prestigious recognition in 1994, was only the sixth refinery nationwide and second in Louisiana to receive this honor.

Nearly 400 employees and contractors attended the milestone celebration in October 2024. The event featured special guest D-D Breaux, former LSU Women's Gymnastics Head Coach, who drew parallels between athletic excellence and workplace safety commitment. Mike Henschen, Senior Vice President of Refining Operations, and Jeremy Beasley, Environmental, Safety & Security Manager, emphasized the teamwork required to maintain this certification.

VPP Star status represents OSHA's highest recognition for exceptional achievements in safety and health management, demonstrating the refinery's outstanding commitment to maintaining a safe and healthy work environment.

Marathon Petroleum 's (MPC) Mexico City office partnered with TECHO, a Latin American nonprofit, to provide new homes for three families in need. The project, completed in a single weekend, involved 27 MPC employee volunteers who helped construct houses made from prefabricated wooden panels. Each home was equipped with a 290-gallon water catchment system, replacing previous makeshift shelters that had dirt floors and no running water.

The initiative marks the first collaboration between MPC's Mexico City office and TECHO. The office, which supports the company's ARCO® retail brand and fuel marketing operations in Mexico, plans to continue similar community involvement efforts in the future.