# Marathon Petroleum (MPC) — Earnings

MPC · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/mpc/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| 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 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1510295/000151029526000061/mpc-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/80f17268-a99c-d565-a4e7-71b0ddf0813f.html) |

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

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 4, 2026 | $14.27 | $17.73 | 24.24% | $40.9B | $52.3B |
| Q1 2026 | May 5, 2026 | $0.74 | $1.65 | 123.37% | $33.4B | $34.6B |
| Q4 2025 | Feb 3, 2026 | $2.72 | $4.07 | 49.55% | $31.1B | $33.4B |
| Q3 2025 | Nov 4, 2025 | $3.15 | $3.01 | -4.30% | $33.5B | $35.8B |
| Q2 2025 | Aug 5, 2025 | $3.24 | $3.96 | 22.25% | $33.3B | $34.1B |
| Q1 2025 | May 6, 2025 | −$0.54 | −$0.12 | 77.54% | $31.9B | $31.9B |
| Q4 2024 | Feb 4, 2025 | $0.02 | $0.77 | 3400.00% | $33.1B | $33.5B |
| Q3 2024 | Nov 5, 2024 | $0.99 | $1.87 | 89.60% | $34.3B | $35.4B |
| Q2 2024 | Aug 6, 2024 | $3.09 | $4.12 | 33.32% | $36.7B | $38.4B |
| Q1 2024 | Apr 30, 2024 | $2.54 | $2.58 | 1.63% | $32.1B | $33.2B |
| Q4 2023 | Jan 30, 2024 | $2.19 | $3.98 | 81.75% | $34.9B | $36.8B |
| Q3 2023 | Oct 31, 2023 | $7.75 | $8.14 | 5.08% | $37.7B | $41.6B |
| Q2 2023 | Aug 1, 2023 | $4.55 | $5.32 | 16.80% | $32.6B | $36.8B |
| Q1 2023 | May 2, 2023 | $5.55 | $6.09 | 9.68% | $33.2B | $35.1B |
| Q4 2022 | Jan 31, 2023 | $5.67 | $6.65 | 17.36% | $33.9B | $40.1B |
| Q3 2022 | Nov 1, 2022 | $7.08 | $7.81 | 10.33% | $35.8B | $47.2B |
| Q2 2022 | Aug 2, 2022 | $8.91 | $10.61 | 19.09% | $40.3B | $54.2B |
| Q1 2022 | May 3, 2022 | $1.26 | $1.49 | 18.10% | $30.8B | $38.4B |
| Q4 2021 | Feb 2, 2022 | $0.55 | $1.30 | 137.70% | $21.2B | $35.6B |
| Q3 2021 | Nov 2, 2021 | $0.71 | $0.73 | 3.33% | $19.5B | $32.6B |

## 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.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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