MPC · News · 20260804N
Capital Expenditure Outlook
Marathon Petroleum Corp · 2026-08-04 · Importance 58 · Surprise 42 · In source text
Marathon Petroleum plans approximately $1.5 billion of 2026 capital investment, excluding MPLX. MPLX increased its 2026 growth-capital outlook to $2.9 billion, primarily to advance its natural-gas and NGL value-chain strategy. The El Paso and Robinson yield-enhancing refinery investments came online in the second quarter, while management expects higher turnaround costs in the third quarter.
Key facts
- Management projects higher turnaround costs in Q3 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | — | Management projects higher turnaround costs in Q3 2026. |