The company reported a net loss attributable to MPC of $(74) million, or $(0.24) per diluted share, for Q1 2025. It said that for Q1 2024 it had net income of $937 million, or $2.58 per diluted share. Adjusted EBITDA was $2.0 billion, compared with $3.3 billion for Q1 2024.

1. 01

   The company reported a net loss attributable to MPC of $(74) million, or $(0.24) per diluted share, for Q1 2025. It said that for Q1 2024 it had net income of $937 million, or $2.58 per diluted share. Adjusted EBITDA was $2.0 billion, compared with $3.3 billion for Q1 2024.

2. 02

   Refining & Marketing segment adjusted EBITDA fell to $489 million for Q1 2025 from $2.0 billion for Q1 2024. The company cited lower market crack spreads as the factor behind the decline. Segment adjusted EBITDA per barrel was $1.91, compared with $8.22 a year earlier.

3. 03

   Midstream segment adjusted EBITDA rose to $1.7 billion for Q1 2025 from $1.6 billion for Q1 2024. The company cited higher throughputs and growth from equity affiliates as the main drivers of the results. The chief executive said segment adjusted EBITDA increased 8% from a year earlier.

4. 04

   The company said that as of March 31, 2025, it had $3.8 billion of cash and cash equivalents and $5 billion available under its bank revolving credit facility. In Q1, it returned approximately $1.3 billion to shareholders, and $6.7 billion remained available under its share repurchase authorizations.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.