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Marathon Petroleum (MPC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

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Marathon Petroleum (MPC - Free Report) reported $35.85 billion in revenue for the quarter ended September 2025, representing a year-over-year increase of 1.4%. EPS of $3.01 for the same period compares to $1.87 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $30.82 billion, representing a surprise of +16.33%. The company delivered an EPS surprise of -3.22%, with the consensus EPS estimate being $3.11.

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 margin: $17.60 versus the four-analyst average estimate of $17.70.
  • Refining & Marketing margin - Mid-Continent: $19.88 versus the four-analyst average estimate of $18.55.
  • Refining & Marketing margin - West Coast: $19.17 versus $22.38 estimated by four analysts on average.
  • Refining & Marketing - Refinery throughputs - Net refinery throughput: 3005 millions of barrels of oil compared to the 2939.48 millions of barrels of oil average estimate based on four analysts.
  • Refining & Marketing margin - Gulf Coast: $14.77 versus the four-analyst average estimate of $15.03.
  • Refinery throughputs - Mid-Continent - Crude oil refined: 1,147.00 Mbpd compared to the 1,089.39 Mbpd average estimate based on three analysts.
  • Refinery throughputs - West Coast - Gross refinery throughputs: 557.00 Mbpd compared to the 547.29 Mbpd average estimate based on three analysts.
  • Refinery throughputs - West Coast - Other charge and blendstocks: 35.00 Mbpd versus the three-analyst average estimate of 42.24 Mbpd.
  • Refinery throughputs - West Coast - Crude oil refined: 522.00 Mbpd compared to the 505.05 Mbpd average estimate based on three analysts.
  • Refined product yields - Mid-Continent - Total: 1,213.00 Mbpd versus 1,157.28 Mbpd estimated by three analysts on average.
  • Refined product yields - Gulf Coast - Total: 1,330.00 Mbpd compared to the 1,317.00 Mbpd average estimate based on three analysts.
  • Refining & Marketing - Refinery throughputs - Crude oil refined: 2822 millions of barrels of oil versus the three-analyst average estimate of 2729.72 millions of barrels of oil.

View all Key Company Metrics for Marathon Petroleum here>>>

Shares of Marathon Petroleum have returned +8.4% over the past month versus the Zacks S&P 500 composite's +1.5% 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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