Marathon Petroleum Corporation (NYSE:MPC) is one of the Goldman Sachs Energy Stocks: 10 Stocks to Buy.
On February 3, 2026, Marathon Petroleum Corporation announced fourth-quarter 2025 net income of $1.5 billion, or $5.12 per diluted share, and adjusted net income of $1.2 billion, or $4.07 per diluted share, compared to $371 million and $249 million, respectively, in Q4 2024. The firm reported $3.5 billion in adjusted EBITDA for the quarter, up from $2.1 billion.
The Refining & Marketing segment EBITDA was $1.997 billion, with crude capacity utilization at 95%. The R&M margin jumped to $18.65 per barrel, while refining operational costs climbed to $5.70 per barrel. The midstream segment’s EBITDA reached $1.7 billion, driven by increased rates, throughputs, and contributions from recent acquisitions, offset by divestitures. The Renewable Diesel division’s EBITDA was $7 million. Marathon Petroleum Corporation returned around $1.3 billion to shareholders in the fourth quarter. The corporation ended 2025 with $3.7 billion in cash and no borrowings under its $5 billion revolving credit facility.
Marathon Petroleum Corporation is engaged in the refining, marketing, and transportation of petroleum products. It works in two segments: Refining and Marketing and Midstream.
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