Marathon Petroleum (MPC) Expected to Release Earnings on Tuesday

Key Points

• Marathon Petroleum is expected to report Q3 2026 results before Tuesday’s market open, with analysts forecasting $25.37 in EPS and $46.60 billion in revenue.
• The company’s previous quarter exceeded expectations, posting $17.73 EPS versus a $14.27 consensus and $51.99 billion in revenue, up 53.5% year over year. Strong refining margins, high gasoline prices and tight fuel inventories are supporting expectations for another strong performance.
• Analysts maintain a generally positive outlook, with MPC carrying a “Moderate Buy” consensus rating and a $424.31 average price target; the company also pays a $1.00 quarterly dividend, or $4.00 annually.

Marathon Petroleum (NYSE:MPC - Get Free Report) is projected to post its Q3 2026 results before the market opens on Tuesday, November 3rd. Analysts expect the company to announce earnings of $25.37 per share and revenue of $46.60 billion for the quarter. Investors may visit the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 11:00 AM ET.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The firm had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. During the same period last year, the business posted $3.96 EPS. The company's revenue for the quarter was up 53.5% on a year-over-year basis. On average, analysts expect Marathon Petroleum to post $64.12 EPS for the current fiscal year and $66.21 EPS for the next fiscal year.

Marathon Petroleum Price Performance

NYSE MPC opened at $470.02 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $137.22 billion, a P/E ratio of 16.16, a PEG ratio of 0.12 and a beta of 0.54. The company has a 50-day moving average price of $409.37 and a 200-day moving average price of $283.02. Marathon Petroleum has a 52 week low of $161.93 and a 52 week high of $493.98.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a $1.00 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $4.00 annualized dividend and a yield of 0.9%. Marathon Petroleum's dividend payout ratio (DPR) is presently 13.75%.

Analysts Set New Price Targets

MPC has been the topic of several analyst reports. Zacks Research upgraded shares of Marathon Petroleum from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 4th. Mizuho raised their price objective on Marathon Petroleum from $304.00 to $457.00 and gave the stock a "neutral" rating in a research note on Thursday, October 8th. Raymond James Financial increased their target price on shares of Marathon Petroleum from $350.00 to $445.00 and gave the stock an "outperform" rating in a report on Monday, September 14th. Jefferies Financial Group reissued a "hold" rating and issued a $433.00 price objective on shares of Marathon Petroleum in a research note on Sunday, October 11th. Finally, Barclays lifted their target price on shares of Marathon Petroleum from $321.00 to $488.00 and gave the company an "overweight" rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and an average target price of $424.31.

Key Marathon Petroleum News

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Firm refining margins are supporting expectations for another strong performance from Marathon Petroleum. High gasoline prices, tight fuel inventories and disrupted shipping routes may continue benefiting refiners, improving the outlook for MPC’s earnings. Marathon Petroleum Rides Firm Refining Margins Into Earnings 3 Oil Stocks Retail Investors Are Watching As US Gasoline Prices Stay High
• Positive Sentiment: Raymond James raised its price target for MPC to $560, signaling increased confidence in the refiner’s earnings outlook and valuation. Raymond James Raises Target for Marathon Petroleum Stock to USD 560
• Positive Sentiment: A Zacks analysis identifies Marathon Petroleum as a top-rated energy stock, adding bullish analyst-screening support to the investment case. This Top Oils and Energy Stock is a Strong Buy
• Neutral Sentiment: Phillips 66’s ability to benefit from crude discounts provides a favorable sector read-through for refiners, although its economics are company-specific and do not directly change MPC’s results. How PSX’s Flexible Crude Slate Supports Its Refining Economics
• Negative Sentiment: Exchange-traded funds were net sellers of MPC shares on October 22, indicating some institutional or passive-fund selling pressure that could temper the stock’s advance. ETFs Are Net Sellers of Marathon Petroleum

Insider Buying and Selling at Marathon Petroleum

In other news, VP Erin M. Brzezinski sold 570 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total value of $206,790.30. Following the sale, the vice president owned 1,576 shares of the company's stock, valued at approximately $571,757.04. This represents a 26.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Shawn M. Lyon sold 1,000 shares of Marathon Petroleum stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $375.75, for a total transaction of $375,750.00. Following the transaction, the senior vice president directly owned 11,194 shares of the company's stock, valued at approximately $4,206,145.50. This represents a 8.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,691 shares of company stock worth $7,780,127 over the last ninety days. Company insiders own 0.17% of the company's stock.

About Marathon Petroleum

Marathon Petroleum Corporation NYSE: MPC is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum's refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.

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