Form 8-K · Current report
Marathon Petroleum 8-K, filed Nov 3, 2026
- Filed
- CIK
- 0001510295
- Accession no.
- 0001510295-26-000069
Summary
Marathon Petroleum Corp. (MPC) reported third-quarter 2026 net income attributable to MPC of $7.4 billion, or $26.59 per diluted share, compared with $1.4 billion, or $4.51 per diluted share, a year earlier, with adjusted EBITDA of $11.7 billion. The company announced a 10% quarterly dividend increase, an incremental $5 billion share repurchase authorization, and a $4.2 billion divestiture of its St. Paul Park and Mandan refineries and related midstream assets, expected to close at the end of 2026.
Key points
- Third-quarter 2026 adjusted net income was $7.5 billion, or $26.93 per diluted share, versus $915 million, or $3.01 per diluted share, in the third quarter of 2025.
- Refining & Marketing segment adjusted EBITDA was $9.9 billion in the third quarter of 2026, versus $1.8 billion a year earlier, driven primarily by higher market crack spreads.
- MPLX increased its quarterly distribution by 12.5% for the third consecutive year, resulting in $3.1 billion of expected annual distributions to MPC.
- MPC returned $3.3 billion of capital to shareholders in the third quarter and had $3.1 billion remaining under its share repurchase authorizations as of September 30, 2026, before the incremental $5 billion authorization.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition On November 3, 2026, Marathon Petroleum Corporation issued a press release announcing its financial results for the quarter ended September 30, 2026. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Information in this Item 2.02 and Exhibit 99.1 of Item 9.01 below shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise incorporated by reference into any filing pursuant to the Securities Act of 1933, as amended, or the Exchange Act except as otherwise expressly stated in such…
An excerpt of the text as filed with the SEC, cut for length.
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