MPLX Reports Q4 2025 Earnings with Strong Cash Flow and Distribution Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy MPC?
Source: PRnewswire
- Net Income Growth: MPLX reported a net income of $1.193 billion for Q4 2025, an 8.5% increase from $1.099 billion in Q4 2024, indicating sustained profitability that is likely to enhance investor confidence moving forward.
- Adjusted EBITDA Increase: The adjusted EBITDA for the fourth quarter reached $1.804 billion, up 2.4% from $1.762 billion in the same quarter of 2024, reflecting the company's success in operational efficiency and cost control, which is expected to support future dividend growth.
- Strong Cash Flow Performance: MPLX generated $1.496 billion in net cash from operating activities in Q4 2025, showcasing robust cash generation capabilities that will support future capital expenditures and shareholder returns, thereby enhancing financial stability.
- Healthy Distribution Coverage: The company declared a distribution of $1.0765 per unit with a coverage ratio of 1.3x, indicating a strong financial health while continuing to return value to shareholders, which is expected to attract more long-term investors.
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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: 176.190
Low
184.00
Averages
201.50
High
213.00
Current: 176.190
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.
Marathon Petroleum Set to Announce Q4 Earnings on February 3rd
- Earnings Announcement Date: Marathon Petroleum Corporation (MPC) is set to release its Q4 2023 earnings report on February 3rd before market open, with a consensus EPS estimate of $2.71, reflecting a substantial year-over-year increase of 251.9%, indicating a significant improvement in profitability.
- Revenue Expectations Decline: Despite strong EPS projections, the revenue estimate stands at $30.51 billion, representing an 8.8% year-over-year decline, which suggests potential sales pressures and challenges in the market environment.
- Historical Performance: Over the past two years, MPC has beaten EPS estimates 88% of the time and revenue estimates 100% of the time, demonstrating the company's financial stability and bolstering market confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen five upward revisions and eight downward revisions, while revenue estimates have experienced two upward revisions and six downward revisions, indicating analyst divergence and market uncertainty regarding future performance.
See More
Marathon Petroleum Reports Significant Net Income Growth in Q4
- Net Income Surge: Marathon Petroleum's net income for Q4 reached $1.54 billion, a significant increase from $371 million last year, indicating a strong improvement in profitability despite a slight revenue decline.
- Earnings Per Share Boost: The company's earnings per share soared from $1.15 to $5.12, exceeding analysts' expectations of $2.71, reflecting successful cost control and operational efficiency.
- Adjusted Net Income Growth: Adjusted net income rose from $249 million to $1.22 billion, with adjusted earnings per share increasing to $4.07, demonstrating robust performance in core business operations.
- Operational Income Increase: Operating income grew from $1.14 billion to $2.69 billion, while adjusted EBITDA increased from $2.12 billion to $3.49 billion, showcasing ongoing improvements in operational efficiency and profitability.
See More
Marathon Petroleum Q4 Earnings Exceed Expectations
- Earnings Beat: Marathon Petroleum reported a Q4 non-GAAP EPS of $4.07, surpassing expectations by $1.36, indicating strong profitability that could boost investor confidence in the company's financial health.
- Revenue Stability: The revenue of $33.42 billion, down 0.1% year-over-year, still exceeded forecasts by $2.91 billion, demonstrating the company's ability to maintain stable income levels amid market fluctuations, thereby enhancing its competitive position.
- Capital Expenditure Outlook: The 2026 capital outlook stands at $1.5 billion, with $1.41 billion allocated to the refining and marketing segment, reflecting a proactive investment strategy aimed at increasing capacity and market share for future growth.
- Midstream Investment: MPLX's total capital expenditure of $2.7 billion highlights Marathon Petroleum's ongoing commitment to its midstream operations, which may provide long-term revenue growth potential for the company.
See More
MPLX Reports Q4 2025 Earnings with Strong Cash Flow and Distribution Growth
- Net Income Growth: MPLX reported a net income of $1.193 billion for Q4 2025, an 8.5% increase from $1.099 billion in Q4 2024, indicating sustained profitability that is likely to enhance investor confidence moving forward.
- Adjusted EBITDA Increase: The adjusted EBITDA for the fourth quarter reached $1.804 billion, up 2.4% from $1.762 billion in the same quarter of 2024, reflecting the company's success in operational efficiency and cost control, which is expected to support future dividend growth.
- Strong Cash Flow Performance: MPLX generated $1.496 billion in net cash from operating activities in Q4 2025, showcasing robust cash generation capabilities that will support future capital expenditures and shareholder returns, thereby enhancing financial stability.
- Healthy Distribution Coverage: The company declared a distribution of $1.0765 per unit with a coverage ratio of 1.3x, indicating a strong financial health while continuing to return value to shareholders, which is expected to attract more long-term investors.
See More
Marathon Petroleum Reports $1.5 Billion Net Income for Q4 2025
- Significant Net Income Growth: Marathon Petroleum reported a net income of $1.5 billion for Q4 2025, translating to $5.12 per diluted share, a substantial increase from $371 million and $1.15 per share in Q4 2024, indicating a strong enhancement in profitability and market performance.
- Robust Adjusted Net Income: The adjusted net income for Q4 2025 reached $1.2 billion, or $4.07 per share, compared to $249 million and $0.77 per share in Q4 2024, demonstrating the company's success in cost control and operational efficiency improvements.
- Strong EBITDA Performance: The adjusted EBITDA for Q4 2025 was $3.5 billion, up from $2.1 billion in Q4 2024, reflecting robust operational performance in refining and marketing, which further solidifies the company's market position.
- Capital Expenditure Outlook: Marathon Petroleum anticipates a standalone capital spending of $1.5 billion for 2026, with approximately 65% allocated to value-enhancing capital and 35% to sustaining capital, indicating a commitment to future growth and strategic planning.
See More
Preview of the Review: Cast No Shadow
- Stock Market Performance: Stocks are experiencing a rise similar to January's performance, indicating positive investor sentiment.
- Influencing Factors: Fresh economic data and a strong upcoming earnings season are contributing to the optimistic outlook among investors.
See More
Marathon Petroleum Set to Announce Q4 Earnings on February 3rd
- Earnings Announcement Date: Marathon Petroleum Corporation (MPC) is set to release its Q4 2023 earnings report on February 3rd before market open, with a consensus EPS estimate of $2.71, reflecting a substantial year-over-year increase of 251.9%, indicating a significant improvement in profitability.
- Revenue Expectations Decline: Despite strong EPS projections, the revenue estimate stands at $30.51 billion, representing an 8.8% year-over-year decline, which suggests potential sales pressures and challenges in the market environment.
- Historical Performance: Over the past two years, MPC has beaten EPS estimates 88% of the time and revenue estimates 100% of the time, demonstrating the company's financial stability and bolstering market confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen five upward revisions and eight downward revisions, while revenue estimates have experienced two upward revisions and six downward revisions, indicating analyst divergence and market uncertainty regarding future performance.
See More
Marathon Petroleum Reports Significant Net Income Growth in Q4
- Net Income Surge: Marathon Petroleum's net income for Q4 reached $1.54 billion, a significant increase from $371 million last year, indicating a strong improvement in profitability despite a slight revenue decline.
- Earnings Per Share Boost: The company's earnings per share soared from $1.15 to $5.12, exceeding analysts' expectations of $2.71, reflecting successful cost control and operational efficiency.
- Adjusted Net Income Growth: Adjusted net income rose from $249 million to $1.22 billion, with adjusted earnings per share increasing to $4.07, demonstrating robust performance in core business operations.
- Operational Income Increase: Operating income grew from $1.14 billion to $2.69 billion, while adjusted EBITDA increased from $2.12 billion to $3.49 billion, showcasing ongoing improvements in operational efficiency and profitability.
See More
Marathon Petroleum Q4 Earnings Exceed Expectations
- Earnings Beat: Marathon Petroleum reported a Q4 non-GAAP EPS of $4.07, surpassing expectations by $1.36, indicating strong profitability that could boost investor confidence in the company's financial health.
- Revenue Stability: The revenue of $33.42 billion, down 0.1% year-over-year, still exceeded forecasts by $2.91 billion, demonstrating the company's ability to maintain stable income levels amid market fluctuations, thereby enhancing its competitive position.
- Capital Expenditure Outlook: The 2026 capital outlook stands at $1.5 billion, with $1.41 billion allocated to the refining and marketing segment, reflecting a proactive investment strategy aimed at increasing capacity and market share for future growth.
- Midstream Investment: MPLX's total capital expenditure of $2.7 billion highlights Marathon Petroleum's ongoing commitment to its midstream operations, which may provide long-term revenue growth potential for the company.
See More
MPLX Reports Q4 2025 Earnings with Strong Cash Flow and Distribution Growth
- Net Income Growth: MPLX reported a net income of $1.193 billion for Q4 2025, an 8.5% increase from $1.099 billion in Q4 2024, indicating sustained profitability that is likely to enhance investor confidence moving forward.
- Adjusted EBITDA Increase: The adjusted EBITDA for the fourth quarter reached $1.804 billion, up 2.4% from $1.762 billion in the same quarter of 2024, reflecting the company's success in operational efficiency and cost control, which is expected to support future dividend growth.
- Strong Cash Flow Performance: MPLX generated $1.496 billion in net cash from operating activities in Q4 2025, showcasing robust cash generation capabilities that will support future capital expenditures and shareholder returns, thereby enhancing financial stability.
- Healthy Distribution Coverage: The company declared a distribution of $1.0765 per unit with a coverage ratio of 1.3x, indicating a strong financial health while continuing to return value to shareholders, which is expected to attract more long-term investors.
See More
Marathon Petroleum Reports $1.5 Billion Net Income for Q4 2025
- Significant Net Income Growth: Marathon Petroleum reported a net income of $1.5 billion for Q4 2025, translating to $5.12 per diluted share, a substantial increase from $371 million and $1.15 per share in Q4 2024, indicating a strong enhancement in profitability and market performance.
- Robust Adjusted Net Income: The adjusted net income for Q4 2025 reached $1.2 billion, or $4.07 per share, compared to $249 million and $0.77 per share in Q4 2024, demonstrating the company's success in cost control and operational efficiency improvements.
- Strong EBITDA Performance: The adjusted EBITDA for Q4 2025 was $3.5 billion, up from $2.1 billion in Q4 2024, reflecting robust operational performance in refining and marketing, which further solidifies the company's market position.
- Capital Expenditure Outlook: Marathon Petroleum anticipates a standalone capital spending of $1.5 billion for 2026, with approximately 65% allocated to value-enhancing capital and 35% to sustaining capital, indicating a commitment to future growth and strategic planning.
See More
Preview of the Review: Cast No Shadow
- Stock Market Performance: Stocks are experiencing a rise similar to January's performance, indicating positive investor sentiment.
- Influencing Factors: Fresh economic data and a strong upcoming earnings season are contributing to the optimistic outlook among investors.
See More
