Marathon Petroleum ( (MPC) ) has released its Q1 earnings. Here is a breakdown of the information Marathon Petroleum presented to its investors.
Marathon Petroleum Corporation (MPC) is a leading integrated downstream and midstream energy company, operating the largest refining system in the United States and owning significant midstream assets through its majority interest in MPLX LP.
In the first quarter of 2025, Marathon Petroleum reported a net loss of $74 million, or $0.24 per diluted share, primarily due to extensive planned maintenance activities. Despite the loss, the company achieved an adjusted EBITDA of $2.0 billion, bolstered by strong performance in its Midstream segment.
Key financial highlights include a significant decrease in the Refining & Marketing segment’s adjusted EBITDA to $489 million from $1.986 billion in the previous year, largely due to lower market crack spreads. However, the Midstream segment showed resilience with an 8% increase in adjusted EBITDA, driven by higher throughputs and strategic acquisitions. The Renewable Diesel segment also improved, reducing its losses compared to the previous year.
Looking ahead, Marathon Petroleum remains optimistic about its ability to meet summer demand and improve margins in its refining business. The company is focused on executing high-return investments and expanding its midstream capabilities, positioning itself for long-term growth and capital returns.