MPC · 8-K · 20260804PR000060

Refining Margin Trends

Marathon Petroleum Corp · 2026-08-04 · Importance 69 · Surprise 64

Refining & Marketing segment adjusted EBITDA increased to $6.655 billion from $1.890 billion year over year, while adjusted EBITDA per barrel increased to $24.84 from $6.79. R&M margin increased to $36.33 per barrel from $17.58, primarily because of higher crack spreads in all regions. Crude capacity utilization was 94%, with total throughput of 2.9 million barrels per day, compared with 97% utilization and 3.1 million barrels per day in the prior-year quarter. Refining operating costs increased to $5.72 per barrel from $5.34 because of lower utilization from planned Mid-Continent downtime.

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