Marathon Petroleum Refining Margins Fall Drags Q1 Profit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2025
0mins
Source: Benzinga
First Quarter Financial Results: Marathon Petroleum Corporation reported first-quarter revenues of $31.85 billion, exceeding expectations, while adjusted EPS loss was $(0.24), better than the consensus estimate of $(0.53). The refining segment saw a decline in adjusted EBITDA to $489 million due to lower market crack spreads.
Shareholder Returns and Outlook: The company returned approximately $1.3 billion to shareholders through buybacks and declared a quarterly dividend of $0.91 per share. For the second quarter, it anticipates refining operating costs per barrel of $5.30 and refinery throughputs of 2,945 mbpd.
Analyst Views on MPC
Wall Street analysts forecast MPC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MPC is 201.50 USD with a low forecast of 184.00 USD and a high forecast of 213.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 175.760
Low
184.00
Averages
201.50
High
213.00
Current: 175.760
Low
184.00
Averages
201.50
High
213.00
About MPC
Marathon Petroleum Corporation is an integrated, downstream energy company. The Company’s segments include Refining & Marketing, Midstream and Renewable Diesel. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent and West Coast regions of the United States. It sells refined products to wholesale marketing customers domestically and internationally, to buyers on the spot market, and to independent entrepreneurs who operate primarily Marathon branded outlets. The Midstream segment gathers, transports, stores and distributes crude oil, refined products, including renewable diesel, and other hydrocarbon-based products, principally for the Refining & Marketing segment via refining logistics assets, pipelines, terminals, and others. The Renewable Diesel segment processes renewable feedstocks into renewable diesel, markets renewable diesel and distributes renewable products through its Midstream segment and third parties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
