Marathon Petroleum stock heads toward November 3 earnings
Published on 10/04/2026 at 20:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Marathon Petroleum stock (ISIN US56585A1025) closed at USD 421.93 on the NYSE on October 2, 2026, up 0.42 percent, while the company heads toward its November 3 earnings report. The latest quarter delivered USD 51.99 billion in revenue and diluted EPS of USD 17.73, giving investors two concrete markers for the next update.
November 3 is the next checkpoint
Marathon Petroleum said in its September 17, 2026 release that it will discuss third-quarter financial results on November 3, 2026, during an 11:00 a.m. ET conference call. The company plans to publish the related financial material before the call, making the date the next scheduled company checkpoint.
The timing matters because the second-quarter comparison reset expectations. Revenue rose 53.5 percent from the prior-year quarter, while diluted EPS increased from USD 3.96 to USD 17.73, according to MarketBeat on October 2, 2026. The USD 13.46 EPS increase is the clearest numerical measure of the quarter's operating leverage.
Second quarter profit widened sharply
Marathon Petroleum reported USD 5.1 billion in second-quarter 2026 net income attributable to MPC, compared with USD 1.2 billion in the second quarter of 2025. Adjusted EBITDA reached USD 8.5 billion versus USD 3.3 billion a year earlier, as reported by Equity Insider on September 24, 2026.
The earnings profile also explains why the November release carries weight for the stock. A repeat of the second-quarter margin and cash-generation pattern would have to be measured against the elevated valuation already reflected in the share price, rather than against the weaker prior-year base alone.
Analyst targets trail the stock
MarketBeat reported on October 2, 2026, that Bank of America raised its Marathon Petroleum price target from USD 410 to USD 426 while keeping a Neutral rating. The same report listed Goldman Sachs at a USD 472 target after a move from USD 376, adding a wider range of views around refining margins.
The consensus picture is more cautious than the individual targets. MarketBeat lists a Moderate Buy rating from 17 analysts, an average target of USD 370.38, a high target of USD 472 and a low target of USD 210, while the October 2 close stood at USD 421.93. The gap makes the November results especially important for whether recent earnings strength can support the market's higher share-price level.
Refining remains the operating anchor
Marathon Petroleum says it operates 13 refineries with crude-processing capacity of 3 million barrels per day across the United States, alongside its midstream and retail activities, according to its company website. That scale links the next earnings report to both refining margins and the utilization of a large logistics network.
Marathon Petroleum stock holds near its high
Marathon Petroleum stock closed at USD 421.93 on October 2, 2026, on the NYSE, with a session range of USD 405.57 to USD 424.67. Its 52-week range was USD 161.93 to USD 431.08, and market capitalization was USD 123.2 billion on the same date.
Marathon Petroleum stock facts
- Company: Marathon Petroleum Corporation
- ISIN: US56585A1025
- Ticker: MPC
- Trading venue: NYSE
- Price (as of October 2, 2026, 3:59 p.m. ET): USD 421.93, Closing price (October 2, 2026)
- Market capitalization: USD 123.2 billion (as of October 2, 2026)
- 52-week range: USD 161.93-431.08 (as of October 2, 2026)
- Sector / Industry: Energy / Oil, Gas and Consumable Fuels
Upcoming dates for Marathon Petroleum stock
- November 3, 2026: Third-quarter financial results and conference call
