Marathon Petroleum CorporationNYSE: MPC
Energy · Oil & Gas Refining & Marketing
$244.91
-2.22%
Vol: 1.7M
Research Digest
Wednesday, June 17, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Marathon Petroleum stock trading near recent highs as analysts digest buyback expansion and recent leadership changesPositive▶
MPC traded between $250.28 and $264.14 on May 21, 2026, closing around $258.44. The stock continues to benefit from a recently expanded $5.0 billion share repurchase authorization (taking total authorization to $55.10 billion) and a strong Q1 earnings beat reported earlier in May. The company also recently announced leadership changes, with Brian Worthington named VP of Investor Relations and Kristina Kazarian moving to VP Finance and Treasurer, effective May 25, 2026. A $1.00 quarterly dividend was declared with record date May 20, 2026, payable June 10. Refining margins remain supported by Middle East supply disruption.
May 20Marathon Petroleum's $1.00 dividend goes ex-today (May 20), with new Treasurer Kristina Kazarian taking the role May 25 amid an expanded $55.1B buyback authorization.Positive▶
Marathon Petroleum's $1.00 quarterly dividend has an ex-date of May 20, 2026, the same day the company is finalizing a leadership transition: Kristina Kazarian becomes VP, Finance and Treasurer effective May 25, with Brian Worthington succeeding her as VP, Investor Relations. The moves follow MPC's blow-out Q1 2026 print earlier in the month, where adjusted EPS of $1.65 trounced consensus by $0.90 as Middle East-driven supply disruptions inflated refining margins, and revenue reached $34.57B. The board expanded the share repurchase authorization to roughly $55.1B, reinforcing one of the most aggressive capital-return programs in the energy sector. MPC stock is up about 55% over the past year, with refiners benefiting from elevated crack spreads tied to the Iran-Israel conflict. No fresh analyst rating changes were flagged in the past 24-48 hours.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Marathon Petroleum names new IR and Treasurer leaders effective May 25, reinforcing post-Q1 beat narrative with $5B additional buyback authorization.Positive▶
On May 12, 2026 Marathon Petroleum beat Q1 2026 estimates with adjusted EPS of $1.65 versus $0.75 expected, revenue of $34.57B, and adjusted EBITDA of $2.8B, with net income of $511M and cash from operations of $1.1B. Refinery utilization was 89% with near-100% capture rates while completing ~40% of planned 2026 turnarounds. The Board approved an incremental $5B share repurchase authorization, bringing available buyback capacity to $8.6B as of March 31. Marathon also declared a $1.00/share dividend payable June 10. Brian Worthington was named VP Investor Relations effective May 25, succeeding Kristina Kazarian who becomes VP Finance and Treasurer. Morgan Stanley raised its PT to $233 from $200 (Overweight); TD Cowen raised to $320 from $299 (Buy); Raymond James raised to $285 from $270 (Outperform).
May 15Marathon Petroleum's $7.5B credit facility refresh and $5B buyback authorization underscore capital returns as 10 analysts revise estimates higher.Positive▶
Marathon Petroleum's $7.50B unsecured revolving credit facility refresh (jointly with MPLX, replacing 2022 facilities) was finalized recently, providing multi-year liquidity through April 2031. The board also approved a $5B share repurchase authorization. Following Q1 2026 EPS of $1.65 (vs $1.09 consensus) and revenue of $34.57B, 10 analysts revised earnings upward and Goldman Sachs, Barclays, Raymond James and TD Cowen all raised price targets. Brian Worthington was named VP Investor Relations effective May 25, succeeding Kristina Kazarian who becomes VP Finance and Treasurer. Average analyst rating Buy with $243.47 target. Risk: refining margin cyclicality.
May 14Marathon Petroleum names Brian Worthington as new VP Investor Relations effective May 25 after a $5B buyback authorization and Q1 EPS beatPositive▶
On May 11, Marathon Petroleum announced Brian Worthington will succeed Kristina Kazarian as VP Investor Relations effective May 25, 2026; Kazarian becomes VP Finance and Treasurer, both reporting to CFO Maria Khoury. The leadership transition follows the May 5 Q1 print where EPS of $1.65 crushed the $0.75 consensus on revenue of $34.57B vs $33.07B expected, with $1B+ returned to shareholders in the quarter and the Board approving an incremental $5B share repurchase authorization. Strategic capex is being directed to high-return projects including the Garyville jet expansion adding 30,000 bpd. TD Cowen raised its price target to $320 from $299 with a Buy rating. Risk: refining margin volatility and concentration in cyclical end markets could pressure subsequent quarters.
May 13Marathon Petroleum shares rose 3.1% to $252.48 after a Q1 EPS beat ($1.65 vs $0.75) and $5B incremental buyback authorization.Positive▶
Marathon Petroleum delivered a strong Q1 2026 with EPS of $1.65 (vs $0.75 estimate) on revenue of $34.57B, driving adjusted EBITDA of $2.8B versus $2.0B in Q1 2025. The board authorized an additional $5B in buybacks, lifting total available repurchase capacity to $8.6B. Management noted the lowest unplanned downtime of the decade and proactively accelerated 40% of full-year maintenance into Q1 to maximize availability for an expected constructive macro backdrop. Goldman Sachs raised its price target to $291 from $264 on May 7. Brian Worthington was named VP Investor Relations effective May 25.
May 12Marathon Petroleum named Brian Worthington VP Investor Relations effective May 25 as Q1 capital returns hit $1B and buyback authorization rises to $8.6B.Positive▶
Marathon Petroleum announced on May 11 that Brian Worthington will become VP, Investor Relations effective May 25, succeeding Kristina Kazarian who moves to VP, Finance and Treasurer. The leadership update follows a strong Q1 print on May 5: EPS of $1.65 beat estimates of $0.75 by $0.90, and net income reached $511M ($1.73/diluted share). MPC returned $1.0B of capital and the board authorized an additional $5B buyback, lifting total available repurchase capacity to $8.6B. Refineries ran at 89% utilization with near-100% capture, and the Garyville jet flexibility project went online. Q1 also marked the company's lowest unplanned downtime this decade.
May 11Marathon Petroleum smashed Q1 estimates with $1.65 EPS (vs $0.75 est) and authorized an additional $5B share buyback as analysts hike price targets.Positive▶
Marathon Petroleum reported Q1 2026 EPS of $1.65, beating consensus of $0.75 by $0.90, with revenue of $34.57B beating by ~$1.5B and adjusted EBITDA up $800M YoY to $2.8B. The refiner returned over $1B to shareholders in the quarter and announced an incremental $5 billion share buyback authorization, plus a $1.00 quarterly dividend payable June 10. Performance was driven by the lowest unplanned downtime this decade and near-100% capture rates, with the Garyville jet fuel project coming online. Goldman Sachs raised its target to $291 (from $264), TD Cowen to $320 (from $299), and Barclays to $270 (from $230). Risk: refining margins are cyclical and the Q1 beat reflects favorable crack spreads that may not persist.
May 8Marathon Petroleum crushes Q1 estimates with $1.65 EPS (vs. $0.75 est.), driven by refining margin strengthPositive▶
MPC reported Q1 earnings of $1.65 per diluted share, beating consensus of $0.75 by $0.90 per share, with revenue of $34.568 billion vs. estimate of $33.072 billion. High operational reliability and the Garyville jet expansion (30K bpd) added capacity. Company returned $1 billion capital, announced $5 billion incremental share repurchase. Robinson Jet flexibility (10K bpd) launching Q3 2026. Iran conflict-driven refining margin expansion powered results.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| MPCMARATHON | $244.91 | -2.22% | -7.0% | 10.1x | 0.52 | $71.4B |
| VLOVALERO | $239.99 | -1.70% | -8.7% | 11.2x | 0.55 | $71.2B |
| PSXPHILLIPS | $167.28 | -2.74% | -8.3% | 9.7x | 0.67 | $67.0B |
| XOMEXXON | $140.54 | -0.93% | -13.4% | 13.2x | 0.15 | $583.4B |
| CVXCHEVRON | $177.55 | -1.42% | -10.0% | 14.1x | 0.47 | $353.7B |
| COPCONOCOPHILLIPS | $110.72 | -0.56% | -11.1% | 12.1x | 0.11 | $135.5B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.