WS Investor
04 Nov 2025, 20:53
Marathon Petroleum reports strong Q3 results with higher earnings and dividend increase
Marathon Petroleum posted third-quarter 2025 net income of $1.4 billion, or $4.51 per diluted share, up from $622 million a year earlier. Adjusted net income reached $915 million, or $3.01 per share, supported by strong Refining & Marketing performance and steady Midstream growth. Adjusted EBITDA rose to $3.2 billion from $2.5 billion last year. The company returned $926 million to shareholders, including $650 million in buybacks, and announced a 10% dividend increase. MPLX, its midstream unit, raised its quarterly distribution by 12.5%, resulting in an expected $2.8 billion in annual payouts to Marathon. CEO Maryann Mannen highlighted the company’s focus on cash generation, portfolio optimization, and disciplined capital allocation.
Marathon Petroleum posted third-quarter 2025 net income of $1.4 billion, or $4.51 per diluted share, up from $622 million a year earlier. Adjusted net income reached $915 million, or $3.01 per share, supported by strong Refining & Marketing performance and steady Midstream growth. Adjusted EBITDA rose to $3.2 billion from $2.5 billion last year. The company returned $926 million to shareholders, including $650 million in buybacks, and announced a 10% dividend increase. MPLX, its midstream unit, raised its quarterly distribution by 12.5%, resulting in an expected $2.8 billion in annual payouts to Marathon. CEO Maryann Mannen highlighted the company’s focus on cash generation, portfolio optimization, and disciplined capital allocation.