Marathon Petroleum (MPC) Misses Q1 EPS by 7c

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Go back to Marathon Petroleum (MPC) Misses Q1 EPS by 7c

Marathon Petroleum Corp. Reports First-Quarter Results

May 8, 2019 6:54 AM EDT

FINDLAY, Ohio, May 8, 2019 /PRNewswire/ --  

Reported first-quarter loss of $7 million, or $(0.01) per diluted share, including a net benefit of $0.08 per diluted share due to a non-cash gain, transaction-related costs, and tax adjustments Refining & Marketing segment loss from operations of $334 million Midstream segment income from operations of $908 million Retail segment income from operations of $170 millionRealized synergies of $133 million in the first quarter Generated $1.6 billion of operating cash flow and returned $1.2 billion of capital to shareholders, including $885 million in share... More