Marathon Petroleum said net income attributable to MPC for Q3 2025 was $1.4 billion, or $4.51 per diluted share, and adjusted net income was $915 million, or $3.01 per diluted share. Net income attributable to MPC for Q3 2024 was $622 million, or $1.87 per diluted share.

1. 01

   Marathon Petroleum said net income attributable to MPC for Q3 2025 was $1.4 billion, or $4.51 per diluted share, and adjusted net income was $915 million, or $3.01 per diluted share. Net income attributable to MPC for Q3 2024 was $622 million, or $1.87 per diluted share.

2. 02

   The company said adjusted EBITDA for Q3 2025 was $3.2 billion, compared with $2.5 billion for Q3 2024. Adjusted EBITDA by segment was $1,762 million for Refining & Marketing, $1,709 million for Midstream and $(56) million for Renewable Diesel.

3. 03

   Marathon Petroleum said R&M margin for Q3 2025 was $17.60 per barrel, compared with $14.63 per barrel for Q3 2024, crude oil capacity utilization was 95% and total throughput was 3.0 million barrels per day. The company said R&M margin results were driven by higher crack spreads compared to Q3 2024.

4. 04

   Marathon Petroleum said it returned approximately $926 million of capital to shareholders in Q3 2025, and as of September 30 had $5.4 billion available under its share repurchase authorizations. The company also said it sold its interest in an ethanol production joint venture to its partner for gross proceeds of $427 million in Q3.

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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