MPC · 10-Q · 2026Q3 · Full report
Liquidity and Cash Position
Marathon Petroleum Corp · 2026-11-03 · Importance 69 · Surprise 64 · From source text
Consolidated cash and cash equivalents were approximately $12.81 billion at September 30, 2026, compared with $3.67 billion at December 31, 2025. Operating cash flow for the first nine months of 2026 was $22.180 billion, versus $5.184 billion in 2025, while investing activities used $4.571 billion and financing activities used $8.475 billion. Operating cash flow increased $17.0 billion year over year, primarily due to higher operating results and a favorable $6.27 billion working-capital change. Working capital, excluding short-term debt changes, provided $5.45 billion of cash in the first nine months of 2026, compared with an $818 million use in 2025.
Key facts
- Marathon Petroleum Corp's cash and cash equivalents were approximately $12.81 billion at September 30, 2026, compared with $3.67 billion at December 31, 2025. source
- Marathon Petroleum Corp generated $22.180 billion of operating cash and used $4.571 billion in investing activities and $8.475 billion in financing activities during the first nine months of 2026. source
- Marathon Petroleum Corp's net cash provided by operating activities increased $17.0 billion in the first nine months of 2026 compared with the first nine months of 2025. source
- Marathon Petroleum Corp's financing activities used a net $8.48 billion of cash in the first nine months of 2026, compared with a net $88 million use of cash in the first nine months of 2025. source
- Marathon Petroleum Corp's investing activities used a net $4.57 billion of cash in the first nine months of 2026, compared with $5.65 billion in the first nine months of 2025. source
- Marathon Petroleum Corp used $800 million to purchase short-term investments in the first nine months of 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +16.6% | Marathon Petroleum Corp's net cash provided by operating activities increased $17.0 billion in the first nine months of 2026 compared with… |
| cash | positive | realized | +8.9% | Marathon Petroleum Corp's cash and cash equivalents were approximately $12.81 billion at September 30, 2026, compared with $3.67 billion… |
| cash | negative | realized | -8.2% | Marathon Petroleum Corp's financing activities used a net $8.48 billion of cash in the first nine months of 2026, compared with a net $88… |
| cash | negative | realized | -4.5% | Marathon Petroleum Corp generated $22.180 billion of operating cash and used $4.571 billion in investing activities and $8.475 billion in… |
| cash | positive | realized | +1.1% | Marathon Petroleum Corp's investing activities used a net $4.57 billion of cash in the first nine months of 2026, compared with $5.65… |