Marathon Petroleum Corporation reports results for the quarter ended September 30 - Earnings Summary

• Marathon Petroleum Corporation MPC.N reported quarterly adjusted earnings of $26.93​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $3.01. The mean expectation of nineteen analysts for the quarter was for earnings of $24.47 per share. Wall Street expected results to range from $14.61 to $26.63 per share.

• Revenue rose 57.6% to $56.49 billion from a year ago; analysts expected $46.04 billion.

• Marathon Petroleum Corporation's reported EPS for the quarter was $26.59​.

• The company reported quarterly net income of $7.45 billion.

• Marathon Petroleum Corporation shares had risen by 8.8% this quarter and gained 164.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 46.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas refining and marketing peer group is also "buy"

• Wall Street's median 12-month price target for Marathon Petroleum Corporation is $455.00, about 5.4% above its last closing price of $430.39

This summary was machine generated from LSEG data November 3 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)