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Marathon Petroleum (MPC) Beats Earnings Estimates in Q4

Findlay, Ohio-based Marathon Petroleum Corp.MPC is a leading independent refiner, transporter and marketer of petroleum products. The company, in its current form, came into existence following the 2011 spin-off of Houston, Texas-based Marathon Oil Corp.'s MRO refining/sales business into a separate, independent and publicly traded entity.

Currently, Marathon Petroleum has a Zacks Rank #3 (Hold) but that could change following its fourth-quarter 2015 earnings report which has just released. Coming to earnings surprise history, the company has a descent track record: it has beaten estimates in 2 of the last four quarters at an average rate of 21.33%.

We have highlighted some of the key details from the just-released announcement below:

Earnings: Adjusted earnings per share came in at 79 cents, beating the Zacks Consensus Estimate of 67 cents.

Revenue: Revenues of $15,679 million failed to surpass the Zacks Consensus Estimate of $16,542 million.

Key Stats: Operating income from the Refining & Marketing segment was $207 million compared with $1,016 million in the year-ago quarter. Total refined product sales volumes were 2,257 thousand barrels per day (mbpd), lower than 2,275 mbpd in the year-ago quarter. Throughput fell from 1,860 mbpd in the year-ago quarter to 1,839 mbpd.

Check back later for our full write up on this Marathon Petroleum earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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