Categories Earnings, Energy, LATEST

Marathon Petroleum Corp. (MPC): Q3 2019 Earnings Snapshot

— Marathon Petroleum Corp. (NYSE: MPC) reported third-quarter 2019 earnings of $1.63 per share, vs. $1.38 per share expected.

— Total revenues and other income grew 35% to $31.2 billion, vs $34.4 billion expected. Realized $283 million of synergies in Q3.

— Will separate its Speedway business into an independent company. Will also evaluate alternatives to enhance value across the midstream business.

— MPC shares were up 1.5% immediately following the announcement.

Marathon Petroleum Q3 2019 Earnings Infographic

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Add Comment
Viewing Highlight