What Impact Falling Gasoline Prices Will Have On Marathon Petroleum's Earnings
MPCMarathon(MPC) Investopedia·2024-01-25 04:35

Marathon Petroleum Corp.'s Quarterly Forecast Analysts' Estimates for Q4 2023 Q3 2023 Q4 2022 Revenue 35.2B35.2B 41.6B 40.1BDilutedEPS40.1B Diluted EPS 2.22 8.288.28 7.09 Net income 835.9M835.9M 3.2B 3.1BSource:VisibleAlphaPretaxprofitinthecompanysmidstreampipelineunitlikelyrose93.1B Source: Visible Alpha Pretax profit in the company's midstream pipeline unit likely rose 9% to 1.2 billion, according to Visible Alpha. But pretax earnings in its refining and marketing division, typically accounting for the bulk of Marathon's income, are projected to drop 86% to $566 million. U.S. retail gasoline prices fell ...