Categories AlphaGraphs, Earnings, Energy
Infographic: Highlights of Marathon Petroleum Q1 Earnings Report
Marathon Petroleum Corp. (NYSE: MPC) reported a wider net loss for the first quarter of 2020, hurt by a sharp decline in revenues.
On an adjusted basis, loss widened to $0.16 per share in the first quarter from $0.09 per share last year. On a reported basis, the energy firm posted a loss of $9.2 billion or $14.25 per share, compared to a loss of $7 million or $0.01 per share in the first quarter of 2019.
The bottom-line performance was negatively impacted by a 16% fall in revenues to $24 billion. The results, meanwhile, came in above the estimates.
Shares of Marathon Petroleum closed the last trading session higher, and gained further during Tuesday’s pre-market session. The stock has lost 49% since the beginning of the year and 41% in the past twelve months.
Most Popular
DRI Earnings: Darden Restaurants’ Q2 2026 sales and profit rise YoY
Darden Restaurants, Inc. (NYSE: DRI), a leading fine dining restaurant chain, on Thursday reported an increase in sales and adjusted earnings for the second quarter of fiscal 2026. Total sales
CarMax (KMX) Q3 2026 earnings drop on lower sales; results beat estimates
Used car retailer CarMax, Inc. (NYSE: KMX) on Thursday reported a decline in earnings for the third quarter of fiscal 2026, hurt by lower sales. However, both revenues and earnings
ACN Earnings: Key quarterly highlights from Accenture’s Q1 2026 financial results
Accenture (NYSE: ACN) reported its first quarter 2026 earnings results today. Revenues of $18.7 billion increased 6% in US dollars and 5% in local currency compared to the same period a
