Marathon Petroleum Q3 Earnings: Outpaces Expectations, Powers Up Shareholder Rewards & More

Marathon Petroleum Corporation (NYSE:MPC) shares are trading higher after its third-quarter results.

Total revenues and other income of $35.4 billion topped the consensus of $32.8 billion.

Adjusted EBITDA was $2.49 billion for the quarter, compared with $5.71 billion in prior year quarter. Refining operating costs per barrel were $5.30 versus $5.14 a year ago. 

Read: Marathon Petroleum Q3 Earnings Preview: Can Strong Sales Volume Offset Rising Costs?

Refining & Marketing refined product sales volume for the quarter was 3,685 mbpd (vs. 3,596 mbpd a year ago); Crude oil capacity utilization was 94% (flat year over year).  

Refining & Marketing segment adjusted EBITDA declined to $1.053 billion from $4.373 billion a ...