Recap: Marathon Petroleum Q1 Earnings

Recap: Marathon Petroleum Q1 Earnings

 

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.

Earnings

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.

Past Earnings Performance

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.

Posted In: BZI-RecapsEarningsNews