Marathon Pete Corp Stock Price, News & Analysis

MPLX reported strong Q1 2025 financial results with net income of $1.1 billion, up from $1 billion in Q1 2024. The company achieved 7% year-over-year adjusted EBITDA growth to $1.8 billion, with distributable cash flow of $1.5 billion. Key highlights include the strategic acquisition of remaining 55% stake in BANGL LLC for $715 million and FID of the Traverse natural gas pipeline. The company's Crude Oil segment saw adjusted EBITDA of $1.1 billion, while Natural Gas segment reached $660 million. MPLX announced a quarterly distribution of $0.9565 per unit with 1.5x coverage. The company maintains a strong financial position with $2.5 billion in cash and a leverage ratio of 3.3x, while executing multiple growth projects in the Permian and Marcellus basins.

Marathon Petroleum Corp (NYSE: MPC) reported a net loss of $74 million ($0.24 per share) in Q1 2025, compared to net income of $937 million in Q1 2024. The company achieved $2.0 billion in adjusted EBITDA, down from $3.3 billion year-over-year. The quarter featured extensive planned maintenance, with the Midstream segment showing strong performance with an 8% increase in adjusted EBITDA. Key financials include: - Refining & Marketing: $489M adjusted EBITDA (down from $2.0B) - Midstream: $1.7B adjusted EBITDA (up from $1.6B) - Renewable Diesel: -$42M adjusted EBITDA (improved from -$90M) MPC returned $1.3 billion to shareholders, including $1.1B in share repurchases. The company maintains strong liquidity with $3.8B cash and announced strategic expansions including BANGL Pipeline acquisition ($715M) and new Traverse Pipeline project.

Marathon Petroleum (NYSE: MPC) has announced its latest quarterly dividend payment. The company's board of directors has declared a dividend of $0.91 per share on common stock.

Key details of the dividend announcement:

• Payment Date: June 10, 2025
• Record Date: May 21, 2025 (close of business)
• Dividend Amount: $0.91 per share

This dividend announcement from the Findlay, Ohio-based company represents a continued commitment to delivering shareholder value through regular dividend distributions.

Pegasus Tech Ventures announces a Startup Pitch Contest during San Francisco Climate Week on April 23, 2025, focusing on emerging energy solutions. The event, cosponsored by Marathon Petroleum (NYSE: MPC), will showcase innovative startups in energy modernization, supply chain optimization, AI/ML, and climate technologies.

The winning startup will advance to the Startup World Cup Grand Finale in Silicon Valley on October 17, 2025, competing against 100+ regional champions for a $1,000,000 investment. The collaboration between Marathon Petroleum and Pegasus Tech Ventures aims to identify and invest in emerging technology companies within the energy landscape, supporting MPC's commitment to innovation and sustainability.

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.