Marathon Petroleum Corp

MPC 10-Q · Q2 2025

MPC Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 33,799 37,914 -10.9%
Show Product Lines breakouts
Crude Oil · Refining & Marketing 1,419 2,099 -32.4%
Refined products · Midstream 472 393 +20.1%
Refined products · Refining & Marketing 29,945 33,605 -10.9%
Refined products · Renewable Diesel 629 489 +28.6%
Services and other · Midstream 868 867 +0.1%
Services and other · Refining & Marketing 464 459 +1.1%
Services and other · Renewable Diesel 2 2 0.0%
Show Business Segments breakouts
Midstream 1,340 1,260 +6.3%
Midstream · Intersegment Elimination 1,471 1,448 +1.6%
Midstream · Operating Segments 2,811 2,708 +3.8%
Refining & Marketing 31,828 36,163 -12.0%
Refining & Marketing · Intersegment Elimination 6 38 -84.2%
Refining & Marketing · Operating Segments 31,834 36,201 -12.1%
Renewable Diesel 631 491 +28.5%
Renewable Diesel · Intersegment Elimination 2 8 -75.0%
Renewable Diesel · Operating Segments 633 499 +26.9%
Show Consolidation Items breakouts
Intersegment Elimination 1,479 1,494 -1.0%
Operating Segments 35,278 39,408 -10.5%
Show Related Party Transactions By Related Party breakouts
Related Party 326 227 +43.6%
Income Loss From Equity Method Investments 212 373 -43.2%
Show Business Segments breakouts
Midstream · Operating Segments 191 203 -5.9%
Refining & Marketing · Operating Segments 3 7 -57.1%
Renewable Diesel · Operating Segments 18 12 +50.0%
Show Consolidation Items breakouts
Operating Segments 212 222 -4.5%
Gain Loss On Disposition Of Assets1 6 -1 +700.0%
Derivative Gain Loss On Derivative Net (Q)
Show Derivative Risk breakouts
Commodity Contract 32 -49 +165.3%
Commodity Contract · Cost Of Sales 31 -46 +167.4%
Commodity Contract · Other Income 1 -1 +200.0%
Other Operating Income 84 76 +10.5%
Revenues And Other Income 34,101 38,362 -11.1%
Cost of Revenue 30,025 33,945 -11.5%
Depreciation & Amortization 789 838 -5.8%
Show Business Segments breakouts
Midstream · Operating Segments 349 345 +1.2%
Refining & Marketing · Operating Segments 405 453 -10.6%
Renewable Diesel · Operating Segments 18 17 +5.9%
Show Consolidation Items breakouts
Corporate Non Segment 17 23 -26.1%
Operating Segments 772 815 -5.3%
Selling, General & Administrative 867 823 +5.3%
Taxes Excluding Income And Excise Taxes 223 234 -4.7%
Total Costs & Expenses 31,904 35,840 -11.0%
Show Business Segments breakouts
Midstream · Operating Segments 1,361 1,291 +5.4%
Refining & Marketing · Operating Segments 29,947 34,186 -12.4%
Renewable Diesel · Operating Segments 670 538 +24.5%
Operating Income 2,197 2,522 -12.9%
Interest And Debt Expense 319 194 +64.4%
Income Before Taxes 1,878 2,328 -19.3%
Income Tax Expense (Benefit) 268 373 -28.2%
Net Income 1,610 1,955 -17.6%
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest 394 435 -9.4%
Net Income 1,216 1,515 -19.7%
EPS (Basic) 3.96 4.34 -8.8%
Wtd Avg Shares (Basic) 307 349 -12.0%
EPS (Diluted) 3.96 4.33 -8.5%
Wtd Avg Shares (Diluted) 307 350 -12.3%
Interest Income -31 -105 +70.5%
Comprehensive Income 1,217 1,506 -19.2%
Net Income Loss Available To Common Stockholders Basic 1,215 1,514 -19.7%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 1,673 4,441 -62.3%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 1,386 2,501 -44.6%
Accounts Receivable 11,128 12,307 -9.6%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 754 758 -0.5%
Inventory 10,106 9,800 +3.1%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 192 168 +14.3%
Other Assets Current 821 741 +10.8%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 33 33 0.0%
Total Current Assets 23,728 31,347 -24.3%
Non-Current Assets
Goodwill 8,244 8,244 0.0%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 7,645 7,645 0.0%
Operating Lease Right-of-Use Assets 1,399 1,187 +17.9%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 275 282 -2.5%
Other Non-Current Assets 3,014 2,944 +2.4%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 1,512 1,560 -3.1%
Total Assets 78,484 85,229 -7.9%
Other Assets
Equity Method Investments 7,294 6,821 +6.9%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 5,024 4,373 +14.9%
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 34,805 34,686 +0.3%
Show Business Segments breakouts
Midstream · Operating Segments 19,883 19,943 -0.3%
Refining & Marketing · Operating Segments 13,794 14,193 -2.8%
Renewable Diesel · Operating Segments 605
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 19,191 19,186 0.0%
Show Consolidation Items breakouts
Corporate Non Segment 523 550 -4.9%
Current Liabilities
Accounts Payable 13,345 14,865 -10.2%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 745 610 +22.1%
Employee Related Liabilities Current 756 766 -1.3%
Taxes Payable Current 1,414 1,680 -15.8%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 92 88 +4.5%
Long Term Debt And Capital Lease Obligations Current 1,819 4,903 -62.9%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 1,500 2,827 -46.9%
Operating Lease Liability Current 446 463 -3.7%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 47 50 -6.0%
Other Liabilities Current 1,475 1,323 +11.5%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 368 373 -1.3%
Total Current Liabilities 19,255 24,000 -19.8%
Commercial Paper (Q)
Show Consolidated Entities breakouts
Parent Company 210
Debt Current -1,819 -4,903 +62.9%
Non-Current Liabilities
Deferred Tax Liabilities 5,718 5,810 -1.6%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 18 16 +12.5%
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 1,231 1,228 +0.2%
Operating Lease Liabilities 935 711 +31.5%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 218 225 -3.1%
Deferred Credits And Other Liabilities Noncurrent 1,246 1,358 -8.2%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 434 482 -10.0%
Total Liabilities 55,220 57,141 -3.4%
Other Liabilities
Long Term Debt And Capital Lease Obligations 26,835 24,034 +11.7%
Show Legal Entity breakouts
MPLX · Variable Interest Entity Primary Beneficiary 19,725 19,245 +2.5%
Stockholders' Equity
Common Stock 10 10 0.0%
Treasury Stock Value -54,360 -48,592 -11.9%
Additional Paid In Capital Common Stock 33,658 33,635 +0.1%
Retained Earnings 37,424 36,423 +2.7%
Accumulated Other Comprehensive Income -108 -152 +28.9%
Total Stockholders' Equity 16,624 21,324 -22.0%
Minority Interest 6,640 6,562 +1.2%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 23,264 27,886 -16.6%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -108 -152 +28.9%
Additional Paid In Capital 33,658 33,635 +0.1%
Common Stock 10 10 0.0%
Noncontrolling Interest 6,640 6,562 +1.2%
Retained Earnings 37,424 36,423 +2.7%
Treasury Stock Common -54,360 -48,592 -11.9%
Total Liabilities & Equity 78,484 85,229 -7.9%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Amortization Of Financing Costs And Discounts 21 -39 +153.8%
Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash 67 66 +1.5%
Deferred Income Taxes -58 -95 +38.9%
Equity Method Investment Dividends Or Distributions 555 554 +0.2%
Unrealized Gain Loss On Derivatives And Commodity Contracts -54 10 -640.0%
Change in Accounts Receivable 61 -82 +174.4%
Change in Inventory -538 -481 -11.9%
Increase Decrease In Accounts Payable And Accrued Liabilities -515 704 -173.2%
Increase Decrease In Other Operating Capital Net 6 1 +500.0%
Other Operating Activities Cash Flow Statement -60 -200 +70.0%
Net Cash from Operations 2,575 4,774 -46.1%
Investing Activities
Capital Expenditures -1,358 -1,072 -26.7%
Payments To Acquire Businesses Net Of Cash Acquired -237 -622 +61.9%
Proceeds From Sales Of Business Affiliate And Productive Assets 18 2 +800.0%
Payments To Acquire Interest In Joint Venture -488 -179 -172.6%
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital 60 134 -55.2%
Other Investing Activities 108 141 -23.4%
Net Cash from Investing -1,897 -807 -135.1%
Financing Activities
Proceeds From Issuance Of Commercial Paper 5,055
Repayments Of Commercial Paper -4,845
Proceeds From Issuance Of Long Term Debt And Capital Securities Net 5,932 1,630 +263.9%
Repayments Of Long Term Debt And Capital Securities -4,975 -38 -12992.1%
Debt Issuance Costs -38 -14 -171.4%
Proceeds From Issuance Of Common Stock 23 19 +21.1%
Share Repurchases -1,837 -5,114 +64.1%
Payments Of Dividends Common Stock -564 -589 +4.2%
Payments To Minority Shareholders -738 -672 -9.8%
Payments For Repurchase Of Other Equity -200 -150 -33.3%
Proceeds From Payments For Other Financing Activities -28 -42 +33.3%
Net Cash from Financing -2,215 -4,970 +55.4%
Supplemental
Income Taxes Paid 119 191 -37.7%
Interest Paid 590 602 -2.0%
Other Cash Flow
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect -1,537 -1,003 -53.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,674 4,443 -62.3%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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