Marathon Petroleum Corporation · MPC · Next earnings

Marathon Petroleum Corporation reports Tuesday, Feb 2, 2027

MPC reports before market open with consensus EPS at $21.58 and revenue at $45.52B. Last quarter: MPC Posts Record Q3 Utilization and Redirects Asset-Sale Proceeds to Growth

Reports Before market open89 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $21.58 Calendar consensus
Consensus revenue $45.52B Calendar consensus
Report date Feb 2, 2027 Tuesday, date estimated
Session Before market open 89 days away

Where MPC left off: FY2026 Q3

Full report

MPC Posts Record Q3 Utilization and Redirects Asset-Sale Proceeds to Growth

EPS surprise +6.1% Reported $26.93 vs $25.37
Revenue surprise +21.2% Reported $56.49B vs $46.60B
Stock move -0.7% Event window
Subsequent drift 0.0% Up to 20 sessions

Guidance sentiment remained maintained. Management described a constructive refining outlook through mid-cycle 2027 and targeted 95% refinery utilization in Q4, with planned turnarounds.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Secondary-product margin volatility could affect refining performance.
  • Geopolitical supply disruptions remain a potential source of volatility.
  • Q4 turnaround expenses may limit capture, while future WCS utilization and asset-sale valuation remain analyst concerns.

Questions analysts left open

  • Valuation of recent asset sales.
  • Future utilization of Western Canadian Select crude.
  • How MPC uses its large cash balance between share repurchases and reinvestment.

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Recent MPC quarters

All MPC earnings
-0.7%FY2026 Q3+3.2%FY2026 Q1+6.0%FY2025 Q4-6.1%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.