Recap: Marathon Petroleum Q3 Earnings

Shares of Marathon Petroleum MPC rose 0.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 161.35% year over year to ($1.00), which beat the estimate of ($1.70).

Revenue of $17,548,000,000 declined by 43.76% year over year, which missed the estimate of $17,990,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Nov 02, 2020

Time: 11:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/mplx/mediaframe/41139/indexr.html

Price Action

52-week high: $68.89

52-week low: $15.26

Price action over last quarter: down 21.60%

Company Profile

Marathon Petroleum is an independent refiner with 14 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.8 million barrels per day. The firm also owns and operates midstream assets primarily through its listed MLP, MPLX.