Marathon Petroleum: Q4 EPS, Revenue Fall
Marathon Petroleum saw revenue and earnings fall year over year in Q4, leading to a significant profit decline.
Oil refining specialist Marathon Petroleum (NYSE:MPC) had a rough fourth quarter, according to its earnings report released on Tuesday, Feb. 4. Quarterly earnings per share (EPS) fell nearly 81% year over year to an adjusted EPS of $0.77. Revenue of $33.14 billion decreased 8.6%. The quarter underscored pronounced challenges in some segments of the business, notably within the Refining and Marketing segment.
Source: Marathon Petroleum. YOY = Year over year. EBITDA = Earnings before interest, taxes, depreciation, and amortization.
Marathon Petroleum, operating extensively in the U.S., runs one of the largest refining systems with a capacity to process approximately 3 million barrels of crude oil daily. The company boasts an integrated network of refineries across the Gulf Coast, Mid-Continent, and West Coast regions, optimizing operations for efficient production.
