MPC

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Marathon Petroleum has delivered a very large 5 year return for shareholders, yet its valuation checks send mixed messages, with a Discounted Cash Flow (DCF) estimate pointing to the stock trading below intrinsic value while market multiples lean toward it being expensive. Over the last 5 years, Marathon Petroleum has returned about 7x, which puts extra focus on whether recent gains leave enough valuation cushion. Expectations around future refining margins and cash flows, including ahead of the upcoming earnings release, can support the intrinsic value case. At the same time, regulatory and operational risks such as protests around shipping and labor issues may weigh on how durable those cash flows look. With a value score of 1 out of 6, the broader checks currently lean toward Marathon Petroleum not being a clear bargain despite what the DCF suggests. The issue now is whether Marathon Petroleum's strong share price run has already priced in the cash flow outlook that underpins the intrinsic value estimate, or if there is still a margin of safety left for new capital. Marathon Petroleum delivered 79.0% returns over the last year. See how this stacks up to the rest of the Oil and Gas industry. The Discounted Cash Flow (DCF) approach here focuses on the cash Marathon Petroleum can return to shareholders over time, adjusted back to today’s dollars. On this model, the company’s latest twelve month free cash flow is about $6.7b, with projections assuming cash flows that broadly level off after an initial growth phase rather than accelerating indefinitely. Those cash flows translate into an estimated intrinsic value of about $369 per share, which implies the stock appears roughly 17.2% undervalued relative to the current price. Despite attention around the upcoming earnings release and recent protests at the Garyville refinery highlighting regulatory and labor risks, the market price remains below the level suggested by this cash flow profile. On this DCF view, Marathon Petroleum stock currently appears undervalued relative to its projected cash generation. Our Discounted Cash Flow (DCF) analysis suggests Marathon Petroleum is undervalued by 17.2%. Track this in your watchlist or portfolio, or discover 49 more high quality undervalued stocks. He...

Findlay, Ohio-based Marathon Petroleum Corporation (MPC) is a leading U.S. downstream and midstream energy company. With a market capitalization of approximately $86.7 billion, it operates the nation's largest refining system, markets fuel through Marathon-branded retail locations, and owns a majority interest in MPLX, which provides crude oil, natural gas, and logistics infrastructure services. MPC is set to report its Q2 earnings on Tuesday, August 4, 2026, before the market opens. Ahead of the release, analysts expect the company to report diluted EPS of $13.26, up 234.9% from $3.96 in the year-ago quarter. MPC has surpassed Wall Street's EPS estimates in three of the last four quarters, while missing expectations in the remaining quarter. Elon Musk Dubs Him ‘Scam Altman’ Not Sam — Then Altman Clapped Back: ‘Homeboy You’re The One Selling Space Datacenters’ Oracle Stock Crashes to a 52-Week Low. Here’s Why It Might Be Time to Buy. Short Seller Hunterbrook Attacked Bloom Energy’s Supply-Chain Claims. BE Stock Is Bruised, But Not Broken. Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2026, analysts expect the company to report EPS of $33.00, reflecting a 208.4% increase from $10.70 in fiscal 2025. MPC stock has climbed 72.8% over the past 52 weeks, significantly outperforming both the S&P 500 Index ($SPX), which returned 20.3%, and the State Street Energy Select Sector SPDR ETF (XLE), which gained 29.2% during the same period. On July 13, 2026, Marathon Petroleum shares climbed more than 4% as WTI crude oil surged over 9% to a 3.5-week high following escalating U.S. Iran tensions and renewed concerns over disruptions in the Strait of Hormuz. The sharp rise in oil prices lifted energy stocks broadly, reflecting expectations of stronger industry profitability despite broader market weakness. Analysts remain cautiously optimistic about MPC, with the stock carrying a consensus "Moderate Buy" rating. Among the 17 analysts covering the stock, seven recommend a "Strong Buy," three rate it a "Moderate Buy," and seven suggest a "Hold." While the stock currently trades above the average analyst price target of $292.94, the Street-high price target of $344 suggests an upswing potential of 17.4% from the current market price. On the date of publication, Kritika Sarmah did not have (either directly or...

FINDLAY, Ohio, June 16, 2026 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, August 4, 2026, at 11 a.m. EDT to discuss 2026 second-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream and midstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. More information is available at www.marathonpetroleum.com. Investor Relations Contacts: (419) 421-2071Brian Worthington, Vice President, Investor RelationsAlyx Teschel, Director, Investor Relations Media Contact: (419) 421-3577Jamal Kheiry, Communications Manager View original content:https://www.prnewswire.com/news-releases/marathon-petroleum-corp-to-report-second-quarter-financial-results-on-august-4-2026-302801473.html

FuelCell Energy FCEL posted a second-quarter fiscal 2026 adjusted loss of 58 cents per share, wider than the Zacks Consensus Estimate of a 54-cent loss. The underperformance was tied largely to softer service and generation activity. Management attributed the service decline to the absence of module exchanges during the quarter, while generation revenue reflected lower operating output as the Groton project underwent repairs. However, the bottom line improved from the year-ago adjusted loss of $1.79 on the back of cost reduction and operating efficiency. Quarterly revenues came in at $35.6 million, below the Zacks Consensus Estimate of $41 million and the year-ago sales of $37.4 million. Even so, contracted backlog remained sizable at more than $1.1 billion as of April 30, 2026. FuelCell Energy generated $18 million of product revenues in the quarter, supported by scheduled module deliveries to Gyeonggi Green Energy in South Korea. Service revenues were $4.2 million, while generation revenues were $8.7 million and advanced technologies revenues were $4.7 million. FuelCell Energy, Inc. price-consensus-eps-surprise-chart | FuelCell Energy, Inc. Quote FuelCell Energy Leans Into Data Centers as Pipeline Jumps FCEL emphasized accelerating demand for behind-the-meter baseload power tied to AI and high-density data center buildouts. During the quarter, the company highlighted a 4-gigawatt proposal pipeline, with data centers accounting for roughly 89% of the total. Management also pointed to a larger deal profile, with average proposal size rising to 130 megawatts as of May 1, 2026. The company believes its standardized 12.5-megawatt “FuelCell Energy Block” is designed to reduce repeat engineering and permitting work and support faster multi-megawatt deployments. FCEL Takes a Large Hit From Groton-Related Charges Profitability was weighed down by a significant non-cash impairment tied to the Groton project. The company recorded a $42.6 million impairment expense related to its decision to upgrade equipment at the 7.4-megawatt Groton Navy project to utilize three standard 2.5-megawatt blocks. As a result, operating expenses rose to about $65 million in the quarter, and loss from operations widened to $77.9 million. While the impairment drove most of the year-over-year increase, management framed the upgrade as a reliability-focused decision tied to supporting a crit...

In recent days, Marathon Petroleum reported first-quarter 2026 earnings that exceeded analyst expectations, driven by strong Refining & Marketing performance and an expanded US$8.60 billion share repurchase authorization. This combination of earnings strength and aggressive buybacks highlights how the company is leaning on cash generation to reshape its capital structure. Next, we’ll examine how Marathon Petroleum’s stronger-than-expected earnings and enlarged buyback program influence its existing investment narrative and risk profile. Outshine the giants: these 13 early-stage AI stocks could fund your retirement. To own Marathon Petroleum, you need to believe its large U.S. refining and midstream footprint can keep generating strong cash flow despite long term energy transition headwinds. The latest earnings beat and sizable buyback expansion reinforce the near term catalyst of cash returns to shareholders, but they do not eliminate the structural risks tied to declining fossil fuel demand and potentially tighter environmental policy. The expanded US$8.60 billion share repurchase authorization is the most relevant recent announcement here, because it amplifies the impact of Marathon’s earnings strength on per share metrics. This move sits alongside a US$1.00 per share dividend and a history of sizable repurchases, tying the current investment story closely to how effectively the company converts refining and midstream performance into ongoing cash returns. Yet beneath the strong results, one issue investors should be aware of is the risk that stricter carbon policies accelerate and... Read the full narrative on Marathon Petroleum (it's free!) Marathon Petroleum's narrative projects $135.0 billion revenue and $7.2 billion earnings by 2029. This requires fairly flat yearly revenue growth and about a $2.6 billion earnings increase from $4.6 billion today. Uncover how Marathon Petroleum's forecasts yield a $265.06 fair value, in line with its current price. Some of the most optimistic analysts were already penciling in US$150.5 billion of revenue and US$8.6 billion of earnings by 2029, so compared with the baseline view they were counting on much stronger margin expansion and successful project execution at sites like Garyville and in MPLX. After a quarter like this, it is worth asking yourself whether those bullish expectations still feel aggressive, or if th...

A month has gone by since the last earnings report for Marathon Petroleum (MPC). Shares have added about 8.7% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Marathon Petroleum due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Marathon Petroleum Corporation before we dive into how investors and analysts have reacted as of late. Marathon Petroleum reported first-quarter 2026 adjusted earnings per share of $1.65, which beat the Zacks Consensus Estimate of 72 cents. Moreover, the bottom line increased significantly from the year-ago adjusted loss of 24 cents. The outperformance was driven by stronger-than-expected Refining & Marketing segment performance. The Findlay, OH-based oil and gas refining and marketing company reported revenues of $34.6 billion, which beat the Zacks Consensus Estimate of $30.3 billion. Moreover, the top line increased 8.5% year over year, reflecting higher sales and other operating revenues, along with higher revenues from other income. The company distributed approximately $1 billion to its shareholders during the first quarter and ended the quarter with $3.6 billion of capacity remaining under its share repurchase authorizations as of March 31, 2026. MPC also announced an incremental $5 billion share repurchase authorization. With the addition of this new authorization, the company will have $8.6 billion available under its share repurchase authorizations as of March 31, 2026. Refining & Marketing: The Refining & Marketing segment reported adjusted EBITDA of $1.4 billion, up approximately 181.6% from the year-ago figure of $489 million, and the figure surpassed the consensus estimate by 51%. The refining margin improved to $17.74 per barrel from $13.38 in the prior-year quarter, primarily reflecting stronger crack spreads. Moreover, the figure beat the consensus estimate by 10.3%. Refining capacity utilization for the quarter was 89%, in line with the year-ago period. Midstream: This unit mainly reflects Marathon Petroleum’s general partner and majority limited partner interests in MPLX — a publicly traded master limited partnership that owns, operates, develops and acquires pipelines and other midstream assets. The segme...

Marathon Petroleum Corporation’s MPC refining network spans the Gulf Coast, Mid-Continent and West Coast, but recent industry developments suggest its California exposure may be becoming increasingly valuable. The company operates the Los Angeles refinery, the largest refinery on the West Coast, with crude oil processing capacity of 365,000 barrels per day. Marathon Petroleum also owns the Anacortes refinery in Washington and the Kenai refinery in Alaska, giving it a meaningful presence in a region where fuel supply is becoming structurally tighter. Image Source: Marathon Petroleum Corporation Unlike the U.S. Gulf Coast, where refining capacity additions and export flexibility help balance markets, the West Coast has experienced years of capacity rationalization. Several refineries have either shut down, converted to renewable fuel production or reduced operations. At the same time, stringent environmental regulations and permitting hurdles make new refinery construction highly unlikely. This has created a market where unexpected outages can have an outsized impact on fuel availability and pricing. The importance of this dynamic becomes more evident during periods of elevated demand. California remains one of the largest gasoline-consuming markets in the United States, while local supply growth remains constrained. As a result, refiners with existing, well-positioned assets can benefit from stronger margins when inventories tighten or operational disruptions emerge elsewhere in the region. For Marathon Petroleum, scale matters. The Los Angeles refinery is a major producer of California's specialized CARB-compliant fuels, which face limited competition due to strict product specifications. The ability to supply these premium fuels strengthens the strategic value of the asset and provides access to a market that is difficult for outside refiners to serve efficiently. Marathon Petroleum is not alone in benefiting from West Coast refining exposure. Valero Energy VLO operates major refining assets in California, including facilities in Benicia and Wilmington. Like Marathon Petroleum, Valero supplies CARB-compliant fuels and stands to benefit when regional fuel markets tighten. However, Valero's overall refining footprint remains more concentrated on the Gulf Coast, making California a smaller contributor to its overall earnings mix. PBF Energy PBF also maintains...

It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectations. This is because investors always try to position themselves ahead of time and look to tap stocks that are high-quality in nature. We ran a screener that yielded stocks Albemarle ALB, Construction Partners ROAD, Sterling Infrastructure Inc. STRL, Silicon Motion Technology SIMO and Marathon Petroleum MPC as the likely winners on the earnings beat potential. Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations. After all, a 20% earnings rise (though apparently looks good) doesn’t tell you if earnings growth has been exhibiting a decelerating trend. Also, seasonal fluctuations come into play sometimes. If a company’s Q1 is seasonally weak and Q4 strong, then it is likely to report a sequential earnings decline. In such cases, growth rates are misleading when judging the true health of a company. On the other hand, after much brainstorming and analysis of companies’ financials and initiatives, Wall Street analysts project the earnings of companies. They, in fact, club their insights and a company’s guidance when deriving an earnings estimate. Thus, outperforming that estimate is almost equivalent to beating the company’s own expectation as well as the market perception. And if the margin of earnings surprise is big, it typically drives the stock higher right after the release. Thus, more than anything else, an earnings surprise can push a stock higher. Now, finding stocks that have the potential to beat on the bottom line may be investors’ dream, but not an easy job. One way to do this is to look at the earnings surprise history of the company. An impressive track in this regard generally acts as a catalyst in sending a stock higher. It indicates the company’s ability to surpass estimates. And investors generally believe that the company will apply the same secret sauce to execute yet another earnings beat in its next release. In order to shortlist stocks that are likely to come up with an earnings surprise, we chose the following as our primary screening parameters. Last EPS Surprise greater than or equal to 10%: Stocks delivering positive surprise in the last quarter tend to surprise again. Average EPS Surprise in the last four quarters greater than 20%: We li...

ConocoPhillips, EOG Resources, and Phillips 66 drive 38% of IEO’s income, making the fund deeply dependent on energy sector volatility. IEO returned 41% in the past year but retirees should avoid it; payouts are unpredictable and WTI at 98th percentile suggests downside risk. The analyst who called NVIDIA in 2010 just named his top 10 stocks and iShares US Oil & Gas Exploration & Production ETF wasn't one of them. Get them here FREE. The iShares U.S. Oil & Gas Exploration & Production ETF (NYSEARCA:IEO) just paid a $0.55 distribution in March, the lightest quarterly payment since mid-2024. IEO holders are buying the aggregated dividend policies of America's largest oil and gas producers, and those policies flex with the commodity. With WTI back above $112 per barrel in mid-May, the question is whether distributions through the rest of 2026 will hold near current levels, surge toward 2022 highs, or decline as they did during the winter oil swoon. IEO is a passive index fund tracking U.S. oil and gas exploration, production, and refining names. It charges 0.38% in expenses and pays out roughly what its underlying companies pay, net of fees. When ConocoPhillips raises its variable dividend, IEO's next quarterly distribution rises. When EQT cuts in a weak gas market, IEO's distribution shrinks. That mechanic makes the payout inherently lumpy. Quarterly distributions ranged from $0.19 in the second quarter of 2020 to $1.22 in the third quarter of 2022. The 2025 payments averaged $0.58 per share, in line with 2024. IEO functions as a pass-through for energy cash flow. The analyst who called NVIDIA in 2010 just named his top 10 stocks and iShares US Oil & Gas Exploration & Production ETF wasn't one of them. Get them here FREE. Three names produce most of the income. ConocoPhillips alone is roughly 20% of assets, with EOG Resources at about 10% and Phillips 66 at about 9%, putting the top three near 38% of the fund. Marathon Petroleum and Devon Energy add another 11%. ConocoPhillips is the linchpin. The stock is up 43% over the past year and pays a base dividend plus a variable component tied to free cash flow. With WTI averaging well above its breakeven, base coverage is secure. The variable piece will fall if oil retreats toward $55 December 2025 low. Gas-weighted holdings introduce separate risk. EQT and Coterra represent about 9% of the fund, and Henry Hub has c...

Marathon Petroleum Corporation MPC reported first-quarter 2026 adjusted earnings per share of $1.65, which beat the Zacks Consensus Estimate of 72 cents. Moreover, the bottom line increased significantly from the year-ago adjusted loss of 24 cents. The outperformance was driven by stronger-than-expected Refining & Marketing segment performance. The Findlay, OH-based oil and gas refining and marketing company reported revenues of $34.6 billion, which beat the Zacks Consensus Estimate of $30.3 billion. Moreover, the top line increased 8.5% year over year, reflecting higher sales and other operating revenues, along with higher revenues from other income. Marathon Petroleum Corporation price-consensus-eps-surprise-chart | Marathon Petroleum Corporation Quote The company distributed approximately $1 billion to its shareholders during the first quarter and ended the quarter with $3.6 billion of capacity remaining under its share repurchase authorizations as of March 31, 2026. MPC also announced an incremental $5 billion share repurchase authorization. With the addition of this new authorization, the company will have $8.6 billion available under its share repurchase authorizations as of March 31, 2026. Refining & Marketing: The Refining & Marketing segment reported adjusted EBITDA of $1.4 billion, up approximately 181.6% from the year-ago figure of $489 million, and the figure surpassed the consensus estimate by 51%. The refining margin improved to $17.74 per barrel from $13.38 in the prior-year quarter, primarily reflecting stronger crack spreads. Moreover, the figure beat the consensus estimate by 10.3%. Refining capacity utilization for the quarter was 89%, in line with the year-ago period. Midstream: This unit mainly reflects Marathon Petroleum’s general partner and majority limited partner interests in MPLX — a publicly traded master limited partnership that owns, operates, develops and acquires pipelines and other midstream assets. The segment reported adjusted EBITDA of $1.6 billion, down from the year-ago figure of $1.7 billion. The figure also missed the consensus estimate by 2.7%. Marathon Petroleum reported expenses of $33.2 billion in the first quarter of 2026, up from $31.2 billion reported in the year-ago quarter. In the reported quarter, Marathon Petroleum spent $1.2 billion on capital programs (26% on Refining & Marketing and 71% on the Midstream s...

Image source: The Motley Fool. May 5, 2026, 11 a.m. ET President and Chief Executive Officer — Maryann Mannen Chief Financial Officer — Maria Khoury Executive Vice President, Refining — [Unknown Executive; cited as "Mike" during call] Executive Vice President, Global Feedstocks, Products, and Logistics — Rick Hessling Vice President, Investor Relations — Kristina Kazarian Need a quote from a Motley Fool analyst? Email [email protected] Maryann Mannen: Good morning. Our first quarter results demonstrated the impact of our strategy, the capability of our integrated system. Operationally, we delivered. Our refineries ran at 89% utilization with nearly 100% capture. This was our strongest first quarter on process safety as well as our lowest level of unplanned downtime this decade, all while completing approximately 40% of our full year planned maintenance activity. Given the constructive macro backdrop for the remainder of 2026, we proactively made decisions to enhance operational readiness. As a result, we are well positioned to respond to the strong level of demand we are seeing across the system. Late in the first quarter, geopolitical events tightened global markets, disrupted trade flows, and drove global cracks higher. While estimates vary, we believe approximately 6 million barrels per day, representing close to 6% of global refined products capacity has come offline during the conflict in the Middle East. And the time line for return of supply remains dependent on the extent of any damage to facilities and resumption of crude flows to those refineries. Against that backdrop, domestic demand for gasoline, diesel and jet fuel remained strong with exports providing incremental upside. We are largely insulated from global crude supply disruptions given our crude sourcing comes mainly from the United States and Canada. Combined with the depth and sophistication of our highly integrated value chains, we are well positioned to optimize through volatility. This market environment underscores the strength of our refining system, and it showed in our financial results this quarter. We invested nearly $330 million in our Refining and Marketing business this quarter with near-term projects focused on increasing jet optionality. High expected returns, clear line of sight and disciplined deployment, we are directing capital towards advantage assets with visible demand pool...

Performance was driven by high operational reliability, achieving the lowest level of unplanned downtime this decade and nearly 100% capture when excluding derivative timing impacts. Management proactively accelerated approximately 40% of full-year planned maintenance into Q1 to ensure the system is fully available for the constructive macro environment expected in the remainder of 2026. The company is largely insulated from Middle East crude supply disruptions because sourcing is primarily concentrated in the United States and Canada. Strategic capital is being directed toward high-return yield optimization projects, such as the Garyville jet expansion, which added 30,000 barrels per day of capacity to meet growing global demand. The commercial strategy focuses on expanding the crack spread by utilizing inland connectivity to purchase advantaged Bakken and Canadian barrels over higher-priced waterborne alternatives. MPLX serves as a critical source of durable cash flow, with 90% of its growth capital focused on natural gas and NGL opportunities to meet international demand for secure energy. Q2 guidance assumes 94% utilization, reflecting high operational readiness following the completion of heavy Q1 maintenance activity. Management remains extremely constructive on the long-term refining macro, anticipating that global demand will ultimately outpace supply beyond 2026. The Robinson Jet flexibility investment is expected to come online in Q3 2026, adding 10,000 barrels per day of production to address regional demand growth. MPLX is projected to deliver 12.5% distribution growth over the next two years, underpinned by mid-single-digit adjusted EBITDA growth. The company expects the $500 million in unrealized derivative losses from Q1 to largely unwind in Q2 as physical barrels are received. A new $5 billion share repurchase authorization was announced, reinforcing a commitment to industry-leading capital returns through the cycle. Q1 capture was negatively impacted by $500 million in unrealized derivative losses and headwinds in secondary products due to extreme commodity price volatility. Geopolitical conflicts in the Middle East have removed approximately 6 million barrels per day of global refining capacity, creating a tight supply environment that favors U.S. refiners. Renewable diesel results were uplifted by the recognition of clean fuel production t...