Welcome to our dedicated page for Marathon Pete news (Ticker: MPC), a resource for investors and traders seeking the latest updates and insights on Marathon Pete stock.
Marathon Petroleum Corporation (MPC) generates frequent news as an integrated downstream and midstream energy company with large-scale refining, marketing, and midstream operations. Headquartered in Findlay, Ohio, MPC reports that it operates the nation’s largest refining system and maintains a marketing network that includes Marathon brand retail outlets across the United States. The company’s ownership of the general partner and majority limited partner interest in MPLX LP adds another layer of news related to midstream infrastructure and logistics.
News coverage for MPC commonly includes quarterly and full-year financial results, where the company discusses net income, adjusted net income, adjusted EBITDA, segment performance, refining margins, throughput, and operating costs. These releases often highlight the performance of the Refining & Marketing, Midstream, and Renewable Diesel segments, as well as capital returned to shareholders through dividends and share repurchases.
Investors following MPC news will also see announcements about dividend decisions, such as increases to the quarterly dividend, and updates on distributions from MPLX to Marathon Petroleum. Leadership and governance developments, including changes in the chairman of the board or the appointment of a new executive vice president and chief financial officer, are disclosed through press releases and related SEC filings.
Another key category of MPC news involves strategic and operational updates. These may describe capital spending plans at specific refineries, midstream growth projects pursued through MPLX, and the status of pipelines, gas processing plants, fractionation facilities, and export infrastructure connected to MPC’s refining and marketing activities. For a consolidated view of these developments, this news page brings together company-issued releases and market updates related to Marathon Petroleum Corporation (MPC).
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.
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.