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Mar 31, 2021
Marathon Petroleum Q1 2021 Earnings Report
Marathon Petroleum reported a net loss of $242 million and adjusted EBITDA of $1.6 billion, driven by refining margin recovery and stability of the midstream business.
Key Takeaways
Marathon Petroleum Corp. reported a net loss of $242 million, or $(0.37) per diluted share, for the first quarter of 2021. Adjusted net loss was $132 million, or $(0.20) per diluted share. Adjusted EBITDA was $1.6 billion, driven by refining margin recovery and stability of midstream business.
Reported first-quarter loss of $242 million, or $(0.37) per diluted share, which includes pre-tax charges of $70 million; reported adjusted loss of $132 million, or $(0.20) per diluted share.
Reported adjusted EBITDA of $1.6 billion, driven by refining margin recovery, stability of midstream business, and continued focus to lower the overall cost structure.
Progressing renewables portfolio with final investment decision for Martinez conversion.
$21 billion Speedway sale close to completion.
Forward Guidance
Second Quarter 2021 Outlook
Historical Earnings Impact
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Avg. Return Before/After Earnings
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