Energy company Marathon Petroleum Corp. (NYSE: MPC) on Tuesday reported lower earnings and revenues for the second quarter of 2023.
- Second-quarter net income attributable to the company was $2.2 billion or $5.32 per share, compared to $5.9 billion or $10.95 per share in the year-ago quarter
- Adjusted EBITDA decreased to $4.5 billion during the three-month period from $9.1 billion a year earlier
- The bottom line was negatively impacted by a sharp fall in revenues & other income to $36.8 billion from $54.2 billion in Q2 2022
- Net cash provided by operating activities came in at $4.0 billion, reflecting sustained commercial improvements
- During the quarter, the company returned $3.4 billion of capital, through $3.1 billion in share repurchases and $316 million in dividends
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
