Compared with projections, Marathon Petroleum (MPC) fourth quarter results: Examining important figures

Marathon Petroleum Q4 2025 Financial Highlights

For the quarter ending December 2025, Marathon Petroleum (MPC) posted revenue of $33.42 billion, reflecting a slight decrease of 0.1% compared to the same period last year. Earnings per share (EPS) reached $4.07, a significant increase from the previous year's $0.77.

The company's revenue surpassed the Zacks Consensus Estimate of $29.61 billion by 12.89%. EPS also exceeded expectations, coming in 48.9% higher than the consensus estimate of $2.73.

While headline figures such as revenue and earnings are closely monitored by investors, a deeper look at key operational metrics can provide a clearer picture of the company's performance. Comparing these figures to both analyst projections and prior-year results helps investors better anticipate future stock movements.

Key Metrics: Marathon Petroleum's Recent Performance

• Refining & Marketing Margin: $18.65, above the average analyst estimate of $17.51 (4 analysts).
• Mid-Continent Refining & Marketing Margin: $18.19, compared to the $15.80 average estimate (4 analysts).
• West Coast Refining & Marketing Margin: $21.94, slightly below the $23.03 average estimate (4 analysts).
• Net Refinery Throughput: 3,038 million barrels, exceeding the 2,905.92 million barrels expected (4 analysts).
• Gulf Coast Refining & Marketing Margin: $17.09, above the $16.84 average estimate (4 analysts).
• Mid-Continent Crude Oil Refined: 1,097.00 Mbpd, ahead of the 1,054.08 Mbpd average estimate (3 analysts).
• West Coast Gross Refinery Throughput: 557.00 Mbpd, surpassing the 518.93 Mbpd average estimate (3 analysts).
• West Coast Other Charge and Blendstocks: 55.00 Mbpd, below the 64.59 Mbpd average estimate (3 analysts).
• West Coast Crude Oil Refined: 502.00 Mbpd, higher than the 454.35 Mbpd average estimate (3 analysts).
• Mid-Continent Total Refined Product Yields: 1,177.00 Mbpd, above the 1,141.34 Mbpd average estimate (3 analysts).
• Gulf Coast Total Refined Product Yields: 1,407.00 Mbpd, exceeding the 1,345.11 Mbpd average estimate (3 analysts).
• Total Crude Oil Refined: 2,817 million barrels, compared to the 2,672.2 million barrels average estimate (3 analysts).

Stock Performance and Analyst Outlook

Over the past month, Marathon Petroleum shares have gained 14.4%, outperforming the Zacks S&P 500 composite, which declined by 0.5%. The stock currently holds a Zacks Rank #3 (Hold), suggesting it may perform in line with the broader market in the near future.

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