(From Marathon Petroleum Corporation)

Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $1.4 billion, or $4.51 per diluted share, for the third quarter of 2025, compared with net income attributable to MPC of $622 million, or $1.87 per diluted share, for the third quarter of 2024.

Adjusted net income was $915 million, or $3.01 per diluted share, for the third quarter of 2025. Adjustments are shown in the accompanying release tables.

In the third quarter of 2025, the company recorded a $56 million charge resulting from the quarterly fair value remeasurement of outstanding performance-based stock compensation. This reduced diluted earnings per share and adjusted diluted earnings per share by $0.14

The third quarter of 2025 adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA) was $3.2 billion, compared with $2.5 billion for the third quarter of 2024. Adjustments are shown in the accompanying release tables.

“In the third quarter, Refining & Marketing delivered strong cash generation,” said President and Chief Executive Officer Maryann Mannen. “In Midstream, we took actions to grow and optimize the portfolio, strengthening the durability of mid-single digit segment adjusted EBITDA growth. MPLX will provide $2.8 billion of annualized distributions to MPC that we expect to cover our dividends and standalone capital spending, and to be a source of capital allocation, a differentiator in the energy industry. Our integrated value chains and geographically diversified assets position us to lead in capital allocation.”