Categories Earnings, Energy, LATEST

Marathon Petroleum Corp. (MPC): Q3 2019 Earnings Snapshot

— Marathon Petroleum Corp. (NYSE: MPC) reported third-quarter 2019 earnings of $1.63 per share, vs. $1.38 per share expected.

— Total revenues and other income grew 35% to $31.2 billion, vs $34.4 billion expected. Realized $283 million of synergies in Q3.

— Will separate its Speedway business into an independent company. Will also evaluate alternatives to enhance value across the midstream business.

— MPC shares were up 1.5% immediately following the announcement.

Marathon Petroleum Q3 2019 Earnings Infographic

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Also Read:  Skechers Q1 earnings up 25%; shares plummet on downbeat outlook

Most Popular

Cloudera (CLDR) posts narrower loss in Q1, beats estimates

Cloudera Inc. (NYSE: CLDR) reported a narrower loss in the first quarter of 2021 driven by lower costs and expenses as well as higher revenue. The results exceeded analysts' expectations.

CrowdStrike (CRWD): Shift to digital transformation presents huge expansion opportunity

CrowdStrike Holdings Inc. (NASDAQ: CRWD) has witnessed strong momentum with the stock gaining over 96% since the beginning of the year. The company delivered strong results for the first quarter

Why Zscaler (ZS) stock reached all-time high on Monday?

Internet security has been evolving over time, aided by the rapid adoption of cloud computing, the ubiquity of mobile phones, and the growing threats that cause serious problems to enterprises