MPC Earnings Prediction
The chart below shows how MPC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MPC sees a -1.22% change in stock price 10 days leading up to the earnings, and a +0.19% change 10 days following the report. On the earnings day itself, the stock moves by +1.08%. This data can give you a slight idea of what to expect for the next quarter's release.
MPC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
35.16B
-14.79%
-7.46%
Gross Margin
6.16%
-53.65%
-27.01%
Operating Margin
3.22%
-69.99%
-43.11%
Net Margin
2.89%
-67.16%
-43.88%
EPS
1.87
-77.42%
-56.81%
No Data Available
MPC Earnings Analysis
MARATHON PETROLEUM CORPORATION Corporation (MPC.N) Earnings Conference Call
Positive
Cash Flow Generation: 1. Strong Cash Flow Generation: MPC generated operating cash flow of $1.9 billion in Q3 2024, driven by both refining and midstream businesses, showcasing robust financial health.
Shareholder Distribution Increase: 2. Increased Shareholder Returns: The company announced a 12.5% increase in MPLX's quarterly distribution, raising the expected annual cash distribution to MPC to $2.5 billion, which is anticipated to fully cover MPC's dividend and capital programs in 2025.
Share Repurchase Authorization: 3. Significant Share Repurchase Authorization: MPC announced an additional $5 billion share repurchase authorization, bringing the total remaining under share repurchase authorizations to $8.5 billion, reinforcing its commitment to returning capital to shareholders.
Refining Utilization Excellence: 4. High Refining Utilization Rates: The company achieved a refining utilization rate of 94% in Q3 2024, with specific regions like the West Coast and Mid-Con operating in the upper 90s, reflecting operational excellence and reliability.
Dividend Growth Commitment: 5. Consistent Dividend Growth: Over the past three years, MPC has grown its quarterly dividend at a compound annual growth rate of approximately 16%, demonstrating a strong commitment to returning capital to shareholders.
Negative
Adjusted EBITDA Decline: 1. Decreased Adjusted EBITDA: Adjusted EBITDA fell by approximately $900 million sequentially, primarily due to lower results in the Refining and Marketing segment.
Increased Operating Costs: 2. Higher Operating Costs: Refining operating costs increased to $5.30 per barrel in Q3, up from previous quarters, driven by lower throughputs and higher project-related expenses.
Declining Crude Throughput: 3. Projected Lower Throughput: For Q4, crude throughput volumes are projected to decline to just over 2.6 million barrels per day, representing a utilization rate of only 90%.
Turnaround Expense Increase: 4. Increased Turnaround Expenses: Turnaround expenses for Q4 are expected to be approximately $285 million, indicating a significant financial burden on operations.
Midstream Segment Stagnation: 5. Flat Midstream Segment Performance: The Midstream segment's adjusted EBITDA was flat sequentially, showing no growth despite a 6% year-over-year increase, indicating potential stagnation in this area.
MPC FAQs
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MPC Earning Call Sentiment
Marathon Petroleum Corporation (MPC) Q3 2024 Earnings Call Transcript
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MPC.N
0.65%Positive
The earnings call summary and Q&A indicate strong financial performance, particularly in capital returns, share repurchases, and dividend growth, which are generally positive for stock price. The management's commitment to operational excellence and portfolio optimization, alongside strategic investments, further supports a positive outlook. While there are some uncertainties, such as unclear responses about portfolio optimization and debt refinancing, the overall sentiment is positive due to robust capital return plans and improved throughput.