Filing Flows › Marathon Petroleum (MPC) › Guidance history
Marathon Petroleum (MPC) guidance history: what it guided and what it reported
Marathon Petroleum gave guidance in 12 earnings releases on file since Jan 30, 2024. Its releases raised guidance twice and lowered it 0 times.
Operating expenses
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $1.7B (Nov 3, 2026) | — | to be reported | — |
| Q3 2026 | $1.6B (Aug 4, 2026) | — | — | — |
| Q2 2026 | $1.6B (May 5, 2026) | — | — | — |
| Q1 2026 | $1.6B (Feb 3, 2026) | — | — | — |
| Q4 2025 | $1.6B (Nov 4, 2025) | — | — | — |
| Q3 2025 | $1.5B (Aug 5, 2025) | — | — | — |
| Q2 2025 | $1.5B (May 6, 2025) | — | — | — |
| Q1 2025 | $1.5B (Feb 4, 2025) | — | — | — |
| Q4 2024 | $1.5B (Nov 5, 2024) | — | — | — |
| Q3 2024 | $1.6B (Aug 6, 2024) | — | — | — |
Depreciation & amortization
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $390M (Nov 3, 2026) | — | to be reported | — |
| Q3 2026 | $390M (Aug 4, 2026) | — | — | — |
| Q2 2026 | $390M (May 5, 2026) | — | — | — |
| Q1 2026 | $385M (Feb 3, 2026) | — | — | — |
| Q4 2025 | $400M (Nov 4, 2025) | — | — | — |
| Q3 2025 | $415M (Aug 5, 2025) | — | — | — |
| Q2 2025 | $410M (May 6, 2025) | — | — | — |
| Q1 2025 | $380M (Feb 4, 2025) | — | — | — |
| Q4 2024 | $475M (Nov 5, 2024) | — | — | — |
| Q3 2024 | $485M (Aug 6, 2024) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $110M (Feb 3, 2026) → raised $2.9B (Aug 4, 2026) | — | to be reported | — |
| FY2025 | $2.0B (Feb 4, 2025) → lowered $100M (Aug 5, 2025) → reaffirmed $100M (Nov 4, 2025) | $3.5B (GAAP) | not judged | — |
The latest quarter
Marathon Petroleum, Q3 2026: revenue $56.0B (+61% year over year), operating margin 18.7%, net earnings $7.4B, operating cash flow $10.7B. The chart follows the revenue to costs, profit and cash.
Questions
Does Marathon Petroleum beat its guidance?
Marathon Petroleum gave guidance in 12 earnings releases on file since Jan 30, 2024. Its releases raised guidance twice and lowered it 0 times.
How often does Marathon Petroleum raise guidance?
Its earnings releases raised guidance twice and lowered it 0 times since Jan 30, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.