Marathon Petroleum reports Q1 2026 results
Net income $511 million, adjusted $487 million. Cash from operations $1.1 billion. $1 billion capital returned; $5 billion share repurchase authorized.
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Integrated petroleum refining, midstream, retail, and renewable fuels company
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In short: Marathon Petroleum reported $511 million in Q1 2026 net income and completed a $130 million upgrade at its El Paso refinery.
Net income $511 million, adjusted $487 million. Cash from operations $1.1 billion. $1 billion capital returned; $5 billion share repurchase authorized.
The company leads in the 2026 Just Capital rankings.
Just Capital and CNBC name it the industry leader. Chief Business Transformation Officer Brian Partee highlights positive impact on employees, shareholders, and communities.
Q4 net income is $1.5 billion ($5.12/share); full-year $4.0 billion ($13.22/share). Cash from operations $8.3 billion supports $4.5 billion capital returns. 2026 capex outlook provided.
Oil and gas stocks slide as crude prices tumble on US-Iran de-escalation hopes and Hormuz shipping risks.
Plus, Big Blue blew it.
Companies like Valero, Phillips 66 and Marathon Petroleum are benefiting from record margins for turning crude oil into fuel.
Detailed price information for Marathon Petroleum Corp (MPC-N) from The Globe and Mail including charting and trades.
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