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Nov 4, 2025 12:00 PM

Marathon Petroleum Faces Pressure From Rising Turnaround Costs And Renewable Diesel Losses

Marathon Petroleum Corp. (NYSE:MPC) stock fell Tuesday after the company reported mixed third-quarter fiscal 2025 results.

Details

The company reported revenue of $35.85 billion, up from $35.37 billion in the prior-year period. Sales exceeded the analyst estimate of $32.55 billion.

Adjusted EPS rose to $3.01 from $1.87 a year ago, missing the $3.15 analyst estimate.

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Net income attributable to Marathon Petroleum was $1.4 billion, or $4.51 per diluted share, compared with $622 million, or $1.87 per diluted share, in the same quarter last year.

Adjusted EBITDA came in at $3.2 billion, higher than $2.5 billion a year ago.

The company returned approximately $650 million to shareholders in share repurchases. As of quarter-end, $5.4 billion remained available under existing share repurchase authorizations.

As of September 30, 2025, the company reported $2.7 billion in cash and cash equivalents, including $1.8 billion at MPLX (NYSE:MPLX).

Segment Performance

In the Refining & Marketing segment, crude capacity utilization reached 95%, with throughput volumes of approximately 3.0 million barrels per day.

Segment adjusted EBITDA excludes ...