MPC Marathon Petroleum

Q3 2025 10-Q
Filed: Nov 4, 2025Period ending Sep 30, 2025
Energy
Petroleum RefiningSEC EDGAR

Marathon Petroleum (MPC) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 4, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

  • Revenue $34.8B Q3 2025 vs $35.1B Q3 2024 (-$0.3B), with Refining & Marketing sales revenues down $687M due to lower average sales prices partially offset by sales volume growth
  • Operating margin improved; Refining & Marketing adj. EBITDA $1.762B Q3 2025 vs $1.136B Q3 2024; segment adj. EBITDA per barrel 6.37$ vs 4.15$, margin $17.60/barrel vs $14.63/barrel YoY
+3 more insights

Risk Factors

  • Continued exposure to commodity price volatility impacting refining margins and profitability
  • Regulatory risks including environmental compliance with evolving emissions standards and regulations
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Quarterly Financial Summary
XBRL

Revenue

$34.8B

-0.8% YoY +3.0% QoQ

Net Income

$1.4B

+120.3% YoY +12.7% QoQ

Operating Margin

7.8%

+395bp YoY +129bp QoQ

Net Margin

3.9%

+216bp YoY +34bp QoQ

ROE

8.0%

Total Assets

$83.2B

EPS (Diluted)

$4.47

+129.2% YoY +14.0% QoQ

Operating Cash Flow

$2.6B

+54.9% YoY -1.1% QoQ

Source: XBRL data from Marathon Petroleum Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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