— 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.](https://cdn.news.alphastreet.com/wp-content/uploads/2020/01/Marathon-Petroleum-Q4-2019-earnings-infographic-608x1024.png)
— MPC shares rose 1% immediately following the announcement.
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