Zacks Investment Research·1d ago
3 Refining Stocks That Have Doubled in 2026: What's Next?VLO, PBF and MPC could see further upside as global refinery outages, tight fuel inventories and cheaper heavy crude support favorable refining margins.
MPC's recent earnings and cash generation have surged, with quarterly revenue reaching $56.0B in 2026Q3 and free cash flow of $9.6B, suggesting refining spread capture is the dominant driver rather than structural expansion.
Price trend, volume and key moving averages
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Revenue climbed to $56.0B in 2026Q3 and gross margin widened from 4.3% in 2025Q1 to 21.8%, suggesting refinery spread capture rather than cost discipline is driving profitability, with operating margin reaching 18.7%.
Marathon Petroleum benefits from tighter global fuel markets due to disruptions like the Strait of Hormuz closure, which has lifted refining margins.
The company is seeing increased refining margins as a result of global supply disruptions, enhancing profitability.
Marathon Petroleum's midstream segment is contributing to earnings growth, adding diversification and stability to its revenue streams.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 3, 2026 | $26.93+6.1% vs $25.37 | $56.5B+21.2% vs $46.6B |
Q3 2026 Aug 4, 2026 | $17.73+24.2% vs $14.27 | $52.3B+28.1% vs $40.9B |
Q2 2026 May 5, 2026 | $1.65+123.3% vs $0.74 | $34.6B+3.4% vs $33.4B |
Q1 2026 Feb 3, 2026 | $4.07+49.6% vs $2.72 | $33.4B+7.5% vs $31.1B |
VLO, PBF and MPC could see further upside as global refinery outages, tight fuel inventories and cheaper heavy crude support favorable refining margins.
Marathon Petroleum's $4.2B asset sale sets the stage for Gulf Coast investments aimed at boosting diesel output, crude throughput and premium gasoline exports.
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Benchmark MPC against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Marathon Petroleum Corporation (MPC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $372.74 | $108.82B | 28.09 | -4.44% | 3.05% | 16.66% | 1% | |
| $346.45 | $102.87B | 45.77 | -5.54% | 8.81% | 45.87% | 1.31% | |
| $245.72 | $98.52B | 22.77 | -7.64% | 7.41% | 39.26% | 1.92% | |
| $67.27 | $7.96B | -48.40 | -11.42% | 6.98% | 42.13% | 1.64% | |
| $63.95 | $3.92B | -168.29 | -9.53% | 1.86% | 45.98% | 1.6% | |
| $55.91 | $56.73B | 11.60 | 8.37% | 33.83% | 30.37% | 7.05% |
Marathon Petroleum Corporation (MPC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Marathon Petroleum Corporation (MPC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 3, 2026·SEC
Oct 29, 2026·SEC
Aug 4, 2026·SEC
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Marathon Petroleum Corporation (MPC) stock FAQ — growth, dividends, profitability & financials explained
Marathon Petroleum Corporation (MPC) reported $175.17B in revenue over the trailing twelve months. Revenue was $132.70B in fiscal year 2025. That is 103% more than the $65.26B of fiscal year 2008.
Marathon Petroleum Corporation (MPC) revenue fell by 4.4% in fiscal year 2025, compared with the prior fiscal year.
Yes. Marathon Petroleum Corporation (MPC) earned $14.63B in net income over the trailing twelve months (a 8.4% net margin).
Yes. Marathon Petroleum Corporation (MPC) pays a dividend that yields 1.00% at the current price, a moderate yield.
Marathon Petroleum Corporation (MPC) had a return on equity (ROE) of 16.7% in fiscal year 2025. That is above the market's typical 10-15%.
Marathon Petroleum Corporation (MPC) generated $20.84B in free cash flow over the trailing twelve months.
