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Marathon Petroleum Corporation (NYSE:MPC) Q1 2026 Earnings Call Transcript

2026-05-15 23:04:37

Marathon Petroleum Corporation (NYSE: MPC) reported strong Q1 2026 earnings, beating expectations with an EPS of $1.65. The company highlighted robust operational performance with 89% refinery utilization, low unplanned downtime, and strategic investments in jet production capacity and natural gas/NGL infrastructure through MPLX. MPC also reinforced its commitment to shareholder returns with over $1 billion returned in Q1 and an additional $5 billion share repurchase authorization.

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