Marathon Petroleum (MPC) earnings history
Most recent quarter
- Fiscal period
- Q2 2026
- Period end
- Jun 30, 2026
- EPS actual
- $17.73
- EPS estimate
- $14.27
- EPS surprise
- +24.24%
- Revenue surprise
- +28.07%
- Revenue
- $52.3B
- Revenue estimate
- $40.9B
- Reported
- Aug 4, 2026
Marathon Petroleum reported Q2 2026 results on August 4, 2026. Earnings per share came in at $17.73, ahead of the $14.27 estimate by 24.24%. Revenue was $52.3 billion, about 28% above the $40.9 billion consensus. Compared with Q2 2025, EPS was about 4.5 times the $3.96 of a year earlier, and revenue rose about 53% from $34.1 billion.
The quarter stands out in the table. Its EPS is the highest of the last 20 quarters, well above Q2 2022's $10.61. Revenue came close to the Q2 2022 high of $54.2 billion. Annual EPS had fallen from $26.56 in 2022 to $23.53 in 2023, then $9.34 in 2024 and $10.92 in 2025. Q1 2025 was a loss of $0.12 per share. The first half of 2026 adds up to $19.38, already above the full-year 2025 total. Marathon Petroleum beat the EPS estimate in 19 of the last 20 quarters. The only miss was Q3 2025, at 4.30% below.
Marathon Petroleum reported Q3 between October 31 and November 5 in each of the past five years. That points to late October or early November 2026 for the next report. It will show whether revenue stays near the $52 billion level of Q2.
Earnings history
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 4, 2026 | $14.27 | $17.73 | +24.24% | $52.3B | SEC |
| Q1 2026 | May 5, 2026 | $0.74 | $1.65 | +123.37% | $34.6B | SEC |
| Q4 2025 | Feb 3, 2026 | $2.72 | $4.07 | +49.55% | $33.4B | SEC |
| Q3 2025 | Nov 4, 2025 | $3.15 | $3.01 | −4.30% | $35.8B | SEC |
| Q2 2025 | Aug 5, 2025 | $3.24 | $3.96 | +22.25% | $34.1B | SEC |
| Q1 2025 | May 6, 2025 | −$0.54 | −$0.12 | +77.54% | $31.9B | SEC |
| Q4 2024 | Feb 4, 2025 | $0.02 | $0.77 | +3400.00% | $33.5B | SEC |
| Q3 2024 | Nov 5, 2024 | $0.99 | $1.87 | +89.60% | $35.4B | SEC |
| Q2 2024 | Aug 6, 2024 | $3.09 | $4.12 | +33.32% | $38.4B | SEC |
| Q1 2024 | Apr 30, 2024 | $2.54 | $2.58 | +1.63% | $33.2B | SEC |
| Q4 2023 | Jan 30, 2024 | $2.19 | $3.98 | +81.75% | $36.8B | SEC |
| Q3 2023 | Oct 31, 2023 | $7.75 | $8.14 | +5.08% | $41.6B | SEC |
| Q2 2023 | Aug 1, 2023 | $4.55 | $5.32 | +16.80% | $36.8B | SEC |
| Q1 2023 | May 2, 2023 | $5.55 | $6.09 | +9.68% | $35.1B | SEC |
| Q4 2022 | Jan 31, 2023 | $5.67 | $6.65 | +17.36% | $40.1B | SEC |
| Q3 2022 | Nov 1, 2022 | $7.08 | $7.81 | +10.33% | $47.2B | SEC |
| Q2 2022 | Aug 2, 2022 | $8.91 | $10.61 | +19.09% | $54.2B | SEC |
| Q1 2022 | May 3, 2022 | $1.26 | $1.49 | +18.10% | $38.4B | SEC |
| Q4 2021 | Feb 2, 2022 | $0.55 | $1.30 | +137.70% | $35.6B | SEC |
| Q3 2021 | Nov 2, 2021 | $0.71 | $0.73 | +3.33% | $32.6B | SEC |
Quarterly revenue
Frequently asked questions
When did Marathon Petroleum (MPC) last report earnings?
Marathon Petroleum last reported on Aug 4, 2026, covering fiscal Q2 2026.
Did MPC beat earnings estimates?
Yes. Marathon Petroleum reported EPS of $17.73 for Q2 2026 against a $14.27 estimate — a 24.24% beat.
How much revenue did MPC report last quarter?
Marathon Petroleum reported $52.3B in revenue for Q2 2026, against a consensus estimate of $40.9B.
Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.
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