The company said net income attributable to MPC was $1.2 billion ($3.96 per diluted share) for Q2 2025, compared with $1.5 billion ($4.33 per share) for Q2 2024. It said adjusted EBITDA was $3.3 billion, compared with $3.4 billion a year earlier.

1. 01

   The company said net income attributable to MPC was $1.2 billion ($3.96 per diluted share) for Q2 2025, compared with $1.5 billion ($4.33 per share) for Q2 2024. It said adjusted EBITDA was $3.3 billion, compared with $3.4 billion a year earlier.

2. 02

   Marathon Petroleum said adjusted EBITDA for the Refining & Marketing segment in Q2 was $1.9 billion ($2.0 billion a year earlier), and for the Midstream segment was $1.6 billion ($1.6 billion a year earlier). Refinery utilization was 97%, and total throughput was 3.1 million bpd.

3. 03

   The company said it had cash and cash equivalents of $1.7 billion as of June 30, 2025, including $1.4 billion held at MPLX, and no borrowings under its $5 billion revolving credit facility. It said it returned about $1.0 billion to shareholders in Q2, and $6.0 billion remained available under its share repurchase authorizations.

4. 04

   The company said MPLX has entered into a definitive agreement to acquire Northwind Midstream for $2.375 billion in cash and expects the deal to close in Q3 2025. It also said it completed the sale of its interest in an ethanol production joint venture to its partner in Q3 for gross proceeds of $425 million.

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

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