Recap: Marathon Petroleum Q1 Earnings - Marathon Petroleum (NYSE:MPC)

Marathon Petroleum MPC reported its Q1 earnings results on Tuesday, May 3, 2022 at 06:05 AM.

Here's what investors need to know about the announcement.

Marathon Petroleum beat estimated earnings by 34.23%, reporting an EPS of $1.49 versus an estimate of $1.11.

Revenue was up $15.50 billion from the same period last year.

Last quarter the company beat on EPS by $0.75 which was followed by a 1.95% drop in the share price the next day.

Here's a look at Marathon Petroleum's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.55	0.71	0.53	-0.71
EPS Actual	1.30	0.73	0.67	-0.20
Revenue Estimate	24.33B	22.65B	21.61B	18.91B
Revenue Actual	35.61B	32.61B	29.83B	22.88B

To track all earnings releases for Marathon Petroleum visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.