Q2 Adjusted EBITDA Reaches $3.4 Billion, Reflecting Strong Operational Performance
Marathon Petroleum Corp. [MPC] reported a net income of $1.5 billion for the second quarter of 2024, ending on June 30. This figure marks a decrease from the net income of $2.2 billion reported in the previous quarter. The company's performance in Q2 reflects the ongoing financial dynamics within the energy sector.
The company, headquartered in Findlay, Ohio, reported to SEC in an 8-K filing $4.33 earnings per share in the quarter, compared to $5.32 in the previous quarter.
Marathon Petroleum Corp., a key player in the Energy sector, reported revenue of $38.36 billion. Compared to the previous quarter, this revenue figure indicates a 4.16% increase. The company's performance in the current reporting period reflects its position within the energy industry and its market dynamics.
In comparison to the same quarter in the previous year, Marathon Petroleum Corp. observed a notable decrease in revenue, dropping from $71.57 billion to $38.36 billion. This decline signifies a substantial 46.50% reduction in revenue year over year.
Sponsored
Moreover, the company reported a profit of $1.5 billion in the current quarter, showcasing a decline from the profit of $5.66 billion recorded in the corresponding quarter of the previous year. This reflects a significant decrease in profitability of 73.48% year over year.
As of August 7, 2024 end of day trading.
Dollars in millions | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
|---|
Income Statement |
| Revenue | $32,706.0 | $150,307.0 | | $36,824.0 |
| Operating Profit | $1,784.0 | $14,514.0 | $4,753.0 | $3,305.0 |
| Net Income | $1,312.0 | $11,172.0 | $3,631.0 | $2,580.0 |
| Net Cash | -$2,269.0 | -$3,185.0 | -$175.0 | -$1,282.0 |
| Gross Margin | $3,113.0 | $21,741.0 | | $5,062.0 |
| Operating Margin | $0.0 | $0.0 | | $0.0 |
| Profit as % of Revenues | 9.52 | 14.46 | | 13.75 |
| Profit as % of Assets | 1.53 | 12.70 | 4.04 | 2.93 |
| Profit as % of Stockholder Equity | 4.49 | 36.62 | 11.41 | 8.16 |
| Return on Equity | 1.00 | 36.62 | 11.41 | 8.16 |
| Return on Assets | 0.34 | 12.99 | 4.04 | 2.98 |
| Turnover Ratio | 0.38 | 1.71 | | 0.42 |
| EBITA | $0.0 | $0.0 | | $0.0 |
Balance Sheet |
| Total Assets | $85,528.0 | $85,987.0 | $89,969.0 | $86,442.0 |
| Total Liabilities | $55,757.0 | $54,588.0 | $57,171.0 | $53,874.0 |
Cash Flow Statement |
| Operating Cash Flow | $1,532.0 | $14,117.0 | $12,994.0 | $8,041.0 |
| Investing Cash Flow | -$824.0 | -$3,095.0 | -$2,131.0 | -$1,696.0 |
| Financing Cash Flow | -$2,977.0 | -$14,207.0 | -$11,038.0 | -$7,627.0 |
USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although we take care to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications. Sponsored
