Marathon Petroleum Earnings: Everything You Must Know Now

Marathon Petroleum Corporation (NYSE:MPC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Marathon Petroleum Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 21.74% to $1.98 in the quarter versus EPS of $2.53 in the year-earlier quarter.

Revenue: Rose 26.88% to $25.7 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Marathon Petroleum Corporation reported adjusted EPS income of $1.98 per share. By that measure, the company beat the mean analyst estimate of $1.93. It beat the average revenue estimate of $23.57 billion.

Quoting Management: “MPLX`s strategically located assets, and the talented workforce operating them, continue to deliver excellent performance for our unitholders,” said Gary R. Heminger, chairman and chief executive officer. “Consistent with our commitment to provide unitholders with an attractive long-term distribution growth profile, the board of directors has increased our distribution again this quarter, reflecting our confidence in MPLX`s outlook. This increase in the distribution is consistent with our intent to maintain a distribution growth rate of 15 to 20 percent for at least the next several years.”

Key Stats (on next page)…

Revenue increased 10.1% from $23.35 billion in the previous quarter. EPS decreased 8.76% from $2.17 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $3.18 to a profit $2.35. For the current year, the average estimate has moved down from a profit of $10.32 to a profit of $8.06 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , , , ,  

More from The Cheat Sheet