Marathon Petroleum (MPC - Free Report) reported $36.82 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 32.1%. EPS of $5.32 for the same period compares to $10.61 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $31.02 billion, representing a surprise of +18.71%. The company delivered an EPS surprise of +16.92%, with the consensus EPS estimate being $4.55.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Marathon Petroleum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Refining & Marketing - Net refinery throughput: 2925 MBBL/D compared to the 1287.91 MBBL/D average estimate based on three analysts.
- Refining & Marketing - Crude oil refined Throughput: 2698 MBBL/D versus 2634.22 MBBL/D estimated by three analysts on average.
- Income from operations- Refining & Marketing: $2.29 billion versus the four-analyst average estimate of $2.22 billion.
- Income from operations- Midstream: $1.20 billion versus $1.07 billion estimated by four analysts on average.
- Corporate and other unallocated items: -$183 million versus -$169.55 million estimated by four analysts on average.
- Midstream Segment- Segment EBITDA: $1.53 billion versus $1.28 billion estimated by two analysts on average.
- Refining & Marketing- EBITDA: $3.16 billion versus the two-analyst average estimate of $3.17 billion.
View all Key Company Metrics for Marathon Petroleum here>>>Shares of Marathon Petroleum have returned +13.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Marathon Petroleum (MPC - Free Report) reported $36.82 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 32.1%. EPS of $5.32 for the same period compares to $10.61 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $31.02 billion, representing a surprise of +18.71%. The company delivered an EPS surprise of +16.92%, with the consensus EPS estimate being $4.55.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Marathon Petroleum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Refining & Marketing - Net refinery throughput: 2925 MBBL/D compared to the 1287.91 MBBL/D average estimate based on three analysts.
- Refining & Marketing - Crude oil refined Throughput: 2698 MBBL/D versus 2634.22 MBBL/D estimated by three analysts on average.
- Income from operations- Refining & Marketing: $2.29 billion versus the four-analyst average estimate of $2.22 billion.
- Income from operations- Midstream: $1.20 billion versus $1.07 billion estimated by four analysts on average.
- Corporate and other unallocated items: -$183 million versus -$169.55 million estimated by four analysts on average.
- Midstream Segment- Segment EBITDA: $1.53 billion versus $1.28 billion estimated by two analysts on average.
- Refining & Marketing- EBITDA: $3.16 billion versus the two-analyst average estimate of $3.17 billion.
View all Key Company Metrics for Marathon Petroleum here>>>Shares of Marathon Petroleum have returned +13.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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