Marathon Petroleum (MPC) Tops Q3 EPS by 25c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/13/2026
Go back to Marathon Petroleum (MPC) Tops Q3 EPS by 25c
October 31, 2019 6:25 AM EDT
FINDLAY, Ohio, Oct. 31, 2019 /PRNewswire/ --
Reported income of $1.1 billion, or $1.66 per diluted share; adjusted income of $1.1 billion, or $1.63 per diluted share Generated $2.8 billion of operating cash flow Returned $848 million to shareholders through dividends and share repurchases Realized synergies of $283 million Strong 98% refining utilization, and significant operational improvements on the West Coast Record retail merchandise sales; 33 consecutive quarters of same-store merchandise growth Announces intent to separate Speedway and formation of Midstream Special Committee
Marathon Petroleum Corp.... More
October 31, 2019 6:20 AM EDT
FINDLAY, Ohio, Oct. 31, 2019 /PRNewswire/ --Â Marathon Petroleum Corporation (NYSE: MPC) today announced its intention to separate Speedway into an independent, publicly traded company. Independent Speedway will consist of MPC's company-owned retail store operations with an expected 2019 EBITDA of approximately $1.5 billion. MPC will retain its direct-dealer business, with an expected 2019 EBITDA of approximately $0.4 billion, which is also included in the Retail segment as currently reported. As part of the Speedway separation process, MPC will also initiate a nationwide search for a Speedway CEO from both internal and external sources.
"Today's... More
