MPC

MPC's rally has fundamental support from stronger refining economics, disciplined operations and rising midstream cash flow.

Independent oil refiner and marketer Marathon Petroleum Corporation MPC reported second-quarter 2026 earnings of $17.73 per share, which beat the Zacks Consensus Estimate of $14.52 by 22.1%. Earnings per share also surged 347.7% from the year-ago level of $3.96 per share, primarily reflecting significantly stronger Refining & Marketing performance.

Here is how Marathon Petroleum (MPC) and PBF Energy (PBF) have performed compared to their sector so far this year.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Marathon Petroleum (MPC) delivered massive earnings, driven by exceptional crack spreads and global refining disruptions, despite a subsequent stock price decline. MPC management expects tight refining markets and elevated spreads to persist through 2027, supported by ongoing geopolitical conflicts and refinery outages. Q2 results included $8.5B EBITDA, $6.6B cash from operations, $2.8B shareholder returns, and 94% utilization, with Gulf Coast and West Coast regions achieving $27/barrel adjusted EBITDA.

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Marathon Petroleum pairs 112% refining margin capture with $2.5B in buybacks as management projects strong refining conditions into 2027.

The headline numbers for Marathon Petroleum (MPC) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Marathon Petroleum (NYSE:MPC | MPC Price Prediction) reported $17.73 in quarterly earnings per share against a $13.95 estimate, and its stock is up 90.47% year to date.

Marathon Petroleum NYSE: MPC reported second-quarter 2026 adjusted EBITDA of $8.5 billion and earnings per share of $17.73, as strong refining margins, high utilization and crude sourcing optimization lifted results across its operations.