Categories Earnings, Energy

Marathon Petroleum Corp. (MPC): Q4 2019 Earnings Snapshot

—  Marathon Petroleum Corp. (NYSE: MPC) reported GAAP earnings of $0.68 per share in the fourth-quarter 2019,  which included a pre-tax charge of $1.2 billion primarily related to a midstream goodwill impairment related to MPLX LP.

— On an adjusted basis, Q4 earnings came in at $1.56 per share vs.  $0.86 per share expected.

— Total revenue fell 3.4 % to $31.4 billion, vs. $33.88 billion expected.

— Marathon realized $420 million of synergies in the fourth quarter.

Marathon Petroleum Q4 2019 earnings infographic.

— MPC shares rose 1% immediately following the announcement.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

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