MPC · 10-Q · 2026Q2 · Full report
Capital Return Program
Marathon Petroleum Corp · 2026-08-04 · Importance 77 · Surprise 82 · Matches filing data
Cash used for common stock repurchases, including fees and expenses, totaled $3.28 billion in the first six months of 2026, compared with $1.84 billion in the first six months of 2025, an increase of approximately 78%. Dividend payments increased by $21 million year over year because of higher per-share dividends, partly offset by fewer shares outstanding following repurchases. Distributions to noncontrolling interests increased $75 million, primarily due to a higher MPLX distribution per common unit. The company also spent $100 million repurchasing MPLX common units, compared with $200 million in the prior-year period.
Key facts
- As of June 30, 2026, Marathon had $6.13 billion remaining under the share repurchase authorizations. source
- On May 5, 2026, the board approved an additional $5.0 billion share repurchase authorization with no expiration date. source
- On July 28, 2026, MPLX declared a quarterly cash distribution of $1.0765 per common unit payable on August 14, 2026 to unitholders of record on August 7, 2026, and MPC’s portion of this distribution is approximately $697 million. source
- As of June 30, 2026, MPLX had $1.02 billion remaining under the unit repurchase authorizations. source
- Cash used in common stock repurchases, including fees and expenses, totaled $3.28 billion in the first six months of 2026. source
- During the six months ended June 30, 2026, MPLX repurchased approximately 2 million MPLX common units at an average cost per unit of $56.32 and paid $100 million of cash for the repurchased common units. source
- Cash used in common stock repurchases, including fees and expenses, totaled $1.84 billion in the first six months of 2025. source
- Cash used in repurchases of noncontrolling interests was $100 million in the first six months of 2026 and $200 million in the first six months of 2025 related to the repurchase of MPLX common units. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -0.6% | On July 28, 2026, MPLX declared a quarterly cash distribution of $1.0765 per common unit payable on August 14, 2026 to unitholders of… |