Energy company Marathon Petroleum Corp. (NYSE: MPC) on Tuesday reported lower earnings and an increase in revenues & other income for the second quarter of 2024.
- Second-quarter net income attributable to MPC was $1.5 billion or $4.33 per share, vs. $2.23 billion or $5.32 per share last year
- Adjusted earnings decreased to $4.12 per share in the second quarter from $5.32 per share in the year-ago quarter
- Adjusted EBITDA came in at $3.4 billion in Q2 and net cash provided by operating activities totaled $3.2 billion
- During the quarter, the company returned $2.9 billion in share repurchases and $290 million in dividends to shareholders
- Through July 31, the company repurchased an additional $0.9 billion of company shares
- As of June 30, 2024, Marathon had $8.5 billion of cash, cash equivalents, and short-term investments and $5 billion available on its bank revolving credit facility
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
GIS Earnings: All you need to know about General Mills’ Q1 2025 earnings results
General Mills, Inc. (NYSE: GIS) reported its first quarter 2025 earnings results today. Net sales decreased 1% year-over-year to $4.8 billion. Organic sales were down 1%. Net earnings attributable to
Guardian Pharmacy seeks to raise up to $108 mil in US IPO
Joining the wave of healthcare IPOs this year, amid Fed rate cut expectations, Guardian Pharmacy Services, Inc. is preparing to go public. In a statement filed with the Securities and
Earnings Preview: Will Micron (MU) maintain recovery momentum in Q4?
After recovering from a rough patch, Micron Technology Inc. (NASDAQ: MU) is preparing to report fourth-quarter results next week, even as the market keeps a close watch on the event
