Marathon Petroleum's results for Q3 2026 (ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-11-03. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $56,032 million (+61.0% vs a year earlier) |
| Diluted EPS (GAAP) | $26.59 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $26.93 |
| Full-year guidance | Stated (no change given) |
Guidance
MPC's 2026 capital spending outlook, excluding MPLX, is $1.5 billion; Q4 guides refinery throughput of 3,080 mbpd and operating costs of $5.60/bbl.
Why this label: Only full-year figure is the 2026 capital spending outlook ($1.5B ex-MPLX), with no prior or change wording; Q4 items are operating guidance; no revenue/EPS guide.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| capital spending (excluding MPLX) | FY2026 | $1.5 billion | not stated |
Next-quarter outlook:
| Metric | Period | Range |
|---|---|---|
| refining operating costs per barrel | Q4 2026 | $5.60 |
| distribution costs | Q4 2026 | $1,725 million |
| refining planned turnaround costs | Q4 2026 | $230 million |
| total refinery throughputs | Q4 2026 | 3,080 mbpd (2,830 crude) |
| corporate costs | Q4 2026 | $300 million (incl. $60 million D&A) |
From the release
Revenue: "Sales and other operating revenues · $ · 56,032 · $ · 34,809 · $ · 142,226 · $ · 100,125"
Earnings per share: "Third-quarter net income attributable to MPC of $7.4 billion, or $26.59 per diluted share, adjusted net income of $7.5 billion, or $26.93 per diluted share"
capital spending (excluding MPLX): "MPC’s 2026 capital spending outlook (excluding MPLX) is $1.5 billion."
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Q3 net income $7.4 billion, $26.59 per diluted share, versus $4.51 a year ago.
Source
Marathon Petroleum earnings release (SEC filing), accession 0001510295-26-000069, filed 2026-11-03.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.