Q1: 2026-05-05 Earnings Summary
EPS of $1.65 beats by $0.90
| Revenue of $34.57B (8.53% Y/Y) beats by $3.74B
Marathon Petroleum Corporation (MPC) Q1 2026 Earnings Call May 5, 2026 11:00 AM EDT
Company Participants
Kristina Kazarian – Vice President of Finance & Investor Relations
Maryann Mannen – President, CEO & Chairman of the Board
Maria Khoury – Executive VP & CFO
Rick Hessling – Chief Commercial Officer
Michael Hennigan – Executive Chairman of the Board
Conference Call Participants
Neil Mehta – Goldman Sachs Group, Inc., Research Division
Manav Gupta – UBS Investment Bank, Research Division
Sam Margolin – Wells Fargo Securities, LLC, Research Division
Douglas George Blyth Leggate – Wolfe Research, LLC
Theresa Chen – Barclays Bank PLC, Research Division
Jason Gabelman – TD Cowen, Research Division
Joseph Laetsch – Morgan Stanley, Research Division
Presentation
Operator
Welcome to the MPC First Quarter 2026 Earnings Call. My name is Julie, and I will be your operator for today’s call. [Operator Instructions] Please note that this conference is being recorded.
I will now turn the call over to Kristina Kazarian. Kristina, you may begin.
Kristina Kazarian
Vice President of Finance & Investor Relations
Welcome to Marathon Petroleum Corporation’s First Quarter 2026 Earnings Conference Call. The slides that accompany this call can be found on our website at marathonpetroleum.com under the Investor tab. Joining me on the call today are Maryann Mannen, CEO; Maria Khoury, CFO; and other members of the executive team.
We invite you to read the safe harbor statements on Slide 2. We will be making forward-looking statements today. Actual results may differ. Factors that could cause actual results to differ are included there as well as in our filings with the SEC.
With that, I will turn the call over to Maryann.
Maryann Mannen
President, CEO & Chairman of the Board
Good morning. Our first quarter results demonstrated the impact of our strategy and the capability of our integrated system. Operationally, we delivered. Our refineries ran at 89% utilization with
