MPC · 10-Q · 2026Q2 · Full report

Liquidity and Cash Position

Marathon Petroleum Corp · 2026-08-04 · Importance 63 · Surprise 64 · In source text

Consolidated cash and cash equivalents increased to approximately $7.77 billion at June 30, 2026, from $3.67 billion at December 31, 2025. Net cash provided by operating activities was $11.448 billion in the first six months of 2026, compared with $2.575 billion in the prior-year period. The $8.87 billion increase in operating cash flow was primarily driven by improved operating results and a favorable $4.23 billion working-capital change. Investing and financing activities used $2.441 billion and $4.912 billion, respectively, during the period.

Key facts

• The market value of the approximately 647 million MPLX common units was $36.47 billion based on the June 30, 2026 closing price of $56.33 per common unit. source
• Financing activities were a net $4.91 billion use of cash in the first six months of 2026 compared to a net $2.22 billion use of cash in the first six months of 2025. source
• Consolidated cash and cash equivalents balance was approximately $7.77 billion at June 30, 2026. source
• Total increase in cash for the six months ended June 30, 2026 was $4,095 million. source
• MPC received limited partner distributions from MPLX of $1.39 billion in the six months ended June 30, 2026 and $1.24 billion in the six months ended June 30, 2025. source
• Consolidated cash and cash equivalents balance was $3.67 billion at December 31, 2025. source
• Net cash used in financing activities for the six months ended June 30, 2026 was $4,912 million. source
• Total decrease in cash for the six months ended June 30, 2025 was $1,537 million. source

Impact estimates