Form 10-Q · Quarterly report
Marathon Petroleum 10-Q, filed Nov 3, 2026
- Filed
- CIK
- 0001510295
- Accession no.
- 0001510295-26-000071
Summary
Marathon Petroleum reported significant increases in net income for the third quarter of 2026, attributing higher margins to global crude oil supply disruptions and regional conflicts. The company announced plans to divest its St. Paul Park and Mandan refineries while agreeing to exchange crude oil barrels with the U.S. Department of Energy’s Strategic Petroleum Reserve.
Key points
- , Management announced a definitive agreement to sell St. Paul Park and Mandan refineries for $4.2 billion.
- The company received 21 million barrels from the U.S. Department of Energy during the second and third quarters of 2026.
- An additional $5.0 billion share repurchase authorization was approved by the board of directors.
- The company reported net income of $7.45 billion for the third quarter of 2026, compared to $1.37 billion in the third quarter of 2025.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion EXECUTIVE SUMMARY Business and Economic Environment Update Our Refining & Marketing segment results for the third quarter of 2026 versus the third quarter of 2025 reflect higher realized refining margins supported by stable demand and higher product prices driven by global crude oil supply disruptions as a result of increasing regional conflicts, particularly in the Middle East and Russia. Longer term, global demand growth is expected to outpace the net impact of refining capacity additions and rationalizations through the end of the decade. We anticipate these 33 Table of Contents fundamentals, as well as the U.S. …
An excerpt of the text as filed with the SEC, cut for length.
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