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
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
