Filing Flows › Marathon Petroleum (MPC) › Q3 2026
Marathon Petroleum (MPC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Marathon Petroleum (MPC) reported revenue of $56.0B for the third quarter 2026 (Q3 2026), +61% from a year earlier and +8% from the quarter before. Operating margin was 18.7%, net earnings $7.4B (13.3% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $56.0B | +8% | +61% |
| Operating profit | $10.4B | +43% | +285% |
| Net earnings | $7.4B | +45% | +444% |
| Operating cash flow | $10.7B | +4% | +311% |
| Free cash flow | $9.6B | +5% | +478% |
What changed
Revenue was $56.0B in Q3 2026, up 61% year over year and up 8% from the previous quarter. Refining & Marketing was the largest line at 95% of revenue. Refining & Marketing added $20.4B year over year (up 63%), 96% of the total change.
Operating profit was $10.4B, a 18.7% margin (up 10.9 points year over year). Of the extra revenue versus Q3 2025, 36% reached operating profit, above the 8% margin then. Total costs grew 42% against revenue growth of 61%. The fastest-growing cost line was Cost of revenue (+40%). Net earnings were $7.4B, up 444% year over year. The effective tax rate was 22.5%.
Operating cash flow was $10.7B (up 311% year over year), 136% of net income including minority interests. Non-cash charges added back $0.84B of depreciation and amortization. Working capital and other items added $2.0B. Capital expenditures of $1.1B left free cash flow of $9.6B.
Questions
What was Marathon Petroleum's revenue in the third quarter 2026?
Marathon Petroleum (MPC) reported revenue of $56.0B for the third quarter 2026 (Q3 2026), +61% from a year earlier and +8% from the quarter before.
Was Marathon Petroleum profitable in the third quarter 2026?
Operating profit was $10.4B (18.7% of revenue) and net earnings $7.4B.
Source: Marathon Petroleum 10-Q on SEC EDGAR.