Marathon Petroleum Corp is expected to release its Q3 2026 10-Q filing on November 2, 2026, before market open. Last quarter: MPC delivered $5.14 billion in net income in Q2 FY2026, driven by a nearly doubling of refining margins amid global supply disruptions and rising RFS costs.
EPS Estimate
$9.98
Revenue Estimate
$41.27B
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the MPC page.
Drawn from management commentary in the Q2 2026 10-Q:
Management attributed the strong Refining & Marketing results to higher realized refining margins, supported by stable demand and higher product prices resulting from global crude oil supply disruptions tied to increasing Middle East conflicts.
MPC entered into arrangements with the U.S. Department of Energy to receive approximately 22 million barrels of crude oil from the Strategic Petroleum Reserve in 2026, with a commitment to return about 27 million barrels beginning in April 2027 through July 2029.
On May 5, 2026, the board approved an additional $5.0 billion share repurchase authorization, bringing the total remaining authorization to $6.13 billion as of June 30, 2026.
Revenue
$51.99B
+53.83% YoY
EPS (Diluted)
$17.73
+347.73% YoY
Operating Income
$7.32B
+233.27% YoY
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