MPC · 8-K · 20260804PR000060
Guidance / Outlook
Marathon Petroleum Corp · 2026-08-04 · Importance 48 · Surprise 24 · In source text
For the third quarter of 2026, MPC provided Refining & Marketing guidance for $5.60 per barrel of refining operating costs, $1.65 billion of distribution costs, and $290 million of planned refinery turnaround costs. The company expects crude oil refined throughput of 2.82 million barrels per day and total throughput of 3.005 million barrels per day. Corporate costs are projected at $260 million, including $30 million of depreciation and amortization. The $1.65 billion distribution-cost outlook exceeds the specified materiality threshold.
Key facts
- Third-Quarter 2026 outlook: Distribution costs: $1,650 million source
- Third-Quarter 2026 outlook: Refinery throughputs total expected: 3,005 mbpd (Crude oil refined 2,820 mbpd; Other charge and blendstocks 185 mbpd) source
- Third-Quarter 2026 outlook: Refining operating costs per barrel: $5.60 source
- Third-Quarter 2026 outlook: Refining planned turnaround costs: $290 million source
- Third-Quarter 2026 outlook: Depreciation and amortization: $390 million source
- Third-Quarter 2026 outlook: Corporate (includes $30 million of D&A): $260 million source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | committed | -2.7% | Third-Quarter 2026 outlook: Distribution costs: $1,650 million |
| operating_income | negative | committed | -0.6% | Third-Quarter 2026 outlook: Depreciation and amortization: $390 million |
| net_income | negative | committed | -0.6% | Third-Quarter 2026 outlook: Depreciation and amortization: $390 million |
| operating_income | negative | committed | -0.5% | Third-Quarter 2026 outlook: Refining planned turnaround costs: $290 million |
| operating_income | negative | committed | -0.4% | Third-Quarter 2026 outlook: Corporate (includes $30 million of D&A): $260 million |
| revenue | positive | committed | — | Third-Quarter 2026 outlook: Refinery throughputs total expected: 3,005 mbpd (Crude oil refined 2,820 mbpd; Other charge and blendstocks… |
| operating_income | negative | committed | — | Third-Quarter 2026 outlook: Refining operating costs per barrel: $5.60 |
| cash | negative | committed | — | Third-Quarter 2026 outlook: Refining planned turnaround costs: $290 million |