Marathon Petroleum Corp. Reports First-Quarter 2020 Results

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Go back to Marathon Petroleum Corp. Reports First-Quarter 2020 Results

Mizuho Securities Reiterates Buy Rating on Marathon Petroleum (MPC)

May 6, 2020 7:04 AM EDT

Mizuho Securities analyst Paul Sankey reiterated a Buy rating and $50.00 price target on Marathon Petroleum (NYSE: MPC) following the company's 1Q earnings report. Overall, MPC reported a 1Q20 adjusted net loss of $(0.16) per share vs $(0.29) consensus.

In line with other refiners, MPC... More

Marathon Petroleum (MPC) Tops Q1 EPS by 15c, Revenues Beat

May 5, 2020 6:44 AM EDT

Marathon Petroleum (NYSE: MPC) reported Q1 EPS of ($0.16), $0.15 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $24.08 billion versus the consensus estimate of $23.91 billion.

Reported first-quarter loss of $9.2 billion, or $(14.25) per diluted share, including pre-tax non-cash charges of $12.4 billion; adjusted loss of $106 million, or $(0.16) per diluted... More