MPC · 10-Q · 2026Q2 · Full report
Renewable Diesel Margin
Marathon Petroleum Corp · 2026-08-04 · Importance 55 · Surprise 64 · In source text
Renewable Diesel adjusted EBITDA increased $277 million in the second quarter and $357 million in the first six months of 2026, despite quarterly EBITDA remaining negative at $19 million. Renewable Diesel margin increased to $321 million from $49 million in the quarter and to $454 million from $75 million year to date, driven by improved regulatory credit values. Six-month renewable diesel sales volume declined 44 thousand gallons per day because of planned turnaround activity at the Martinez Renewables JV, partially offsetting the benefit from higher sales prices. Planned downtime at the Martinez Renewables JV also reduced utilization during the first six months of 2026.
Key facts
- Renewable Diesel segment adjusted EBITDA increased $277 million in Q2 2026 driven by an increase in Renewable Diesel margin from $49 million in Q2 2025 to $321 million in Q2 2026. source
- Renewable Diesel segment adjusted EBITDA increased $357 million for the first six months of 2026, with Renewable Diesel margin of $454 million in the first six months of 2026 compared to $75 million in the first six months of 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +0.7% | Renewable Diesel segment adjusted EBITDA increased $357 million for the first six months of 2026, with Renewable Diesel margin of $454… |
| operating_income | positive | realized | +0.5% | Renewable Diesel segment adjusted EBITDA increased $277 million in Q2 2026 driven by an increase in Renewable Diesel margin from $49… |