MPC · 10-Q · 2026Q3 · Full report

Capital Return Program

Marathon Petroleum Corp · 2026-11-03 · Importance 59 · Surprise 60 · From source text

On November 3, 2026, the board authorized an additional $5.0 billion of MPC share repurchases, on top of the $5.0 billion authorization announced May 5, 2026; neither authorization has an expiration date. At September 30, $3.12 billion remained under the May authorization. MPLX repurchased approximately 3 million common units for $150 million in the first nine months of 2026, with $970 million remaining under its unit-repurchase authorization. MPLX also declared a quarterly distribution of $1.2111 per unit, of which MPC’s share was approximately $784 million, and MPC received $2.09 billion of MPLX distributions year to date versus $1.86 billion in 2025.

Key facts

• On November 3, 2026, Marathon Petroleum's board approved an additional $5.0 billion share repurchase authorization, in addition to the $5.0 billion authorization announced May 5, 2026. source
• Marathon Petroleum Corp spent $6.29 billion on common stock repurchases, including fees and expenses, in the first nine months of 2026, compared with $2.49 billion in the first nine months of 2025. source
• Marathon Petroleum owned approximately 647 million MPLX common units as of September 30, 2026, with a market value of $36.46 billion at a closing price of $56.32 per unit. source
• As of September 30, 2026, Marathon Petroleum had $3.12 billion remaining under its May 5, 2026 share repurchase authorization. source
• Marathon Petroleum received $2.09 billion of limited partner distributions from MPLX in the nine months ended September 30, 2026, compared with $1.86 billion in the same 2025 period. source
• Marathon Petroleum's share of MPLX's declared quarterly cash distribution of $1.2111 per common unit was approximately $784 million. source
• MPLX had $970 million remaining under its unit repurchase authorization as of September 30, 2026. source
• Marathon Petroleum's May 5 and November 3, 2026 share repurchase authorizations have no expiration date. source

Impact estimates