Marathon Petroleum (MPC) Misses Q3 EPS by 6c

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MPLX LP Reports Third-Quarter 2015 Financial Results

October 29, 2015 7:14 AM EDT

Reported adjusted EBITDA of $64.6 million; distributable cash flow of $52.5 million Declared distribution of $0.47 per common unit, a 6.8 percent increase over second-quarter 2015 and a 31.5 percent increase over third-quarter 2014 MarkWest merger transaction expected to close this year

FINDLAY, Ohio, Oct. 29, 2015 - MPLX LP (NYSE: MPLX) today reported third-quarter 2015 net income attributable to MPLX of $41.5 million, or $0.41 per common limited partner unit, compared with $29.1 million, or $0.37 per common limited partner unit, for the third quarter of 2014. Third-quarter... More

Marathon Petroleum Corporation Reports Third-Quarter 2015 Results

October 29, 2015 7:06 AM EDT

Reported third-quarter earnings of $948 million ($1.76 per diluted share) Converted nearly 1,000 of 1,245 acquired sites to the Speedway brand since close Canceled $2.2 billion Residual Oil Upgrader Expansion (ROUX) project Returned $327 million of capital to shareholders, including $156 million of share repurchases MarkWest combination with MPLX expected to close this year

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Marathon Petroleum Corporation Announces Dividend

October 28, 2015 12:46 PM EDT

FINDLAY, Ohio, Oct. 28, 2015 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its board of directors declared a dividend of $0.32 per share on common stock. The dividend is payable Dec. 10, 2015, to shareholders of record as of the close of business Nov. 18, 2015.

On Oct. 29, MPC will provide an update on its 2015 third-quarter results through an earnings news release, to... More