Marathon Petroleum Sinks to Q1 Loss Amid Low Refining Margins

Marathon Petroleum Sinks to Q1 Loss Amid Low Refining Margins

Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, on Tuesday reported a loss for the first quarter as weak refining margins continued to depress profits and high turnaround activity limited the upside from margins and sales revenues. Marathon Petroleum booked a net loss of $74 million, or $0.24 per diluted share, for the first quarter of 2025, compared with net income of $937 million, or $2.58 per diluted share, for the first …

Marathon Petroleum Q1 down on earnings due to weak refining margins

Marathon Petroleum Corporation (MPC) released its Q1 2025 earnings results on May 6, 2025, reporting a net loss attributable to MPC of $74 million, or $0.24 per diluted share, compared to a net income of $937 million, or $2.58 per diluted share, in Q1 2024. Below is a detailed analysis of the earnings report based on available information, focusing on key financial metrics, segment performance, operational highlights, and forward-looking guidanc…

Marathon outlines 2025 capital spending plans across refining and midstream segments

Marathon Petroleum Corp. announced its 2025 capital spending outlook, highlighting high-return investments in its refining, marketing and midstream segments.