Marathon Petroleum falls on third-quarter profit miss

Southern

04/11/2025 14:59

Updates

** Shares of Marathon Petroleum MPC.N fall 9.6% to $176.96

** Co posts Q3 adjusted profit of $3.01 per share vs analysts estimates of $3.15 per share, per LSEG data, as higher refining turnaround costs and operating expenses offset stronger margins and throughput

** Quarterly refining planned turnaround costs - or the expenses the company expects to incur during scheduled maintenance or temporary shutdowns - stood at $400 million, compared with $287 million a year earlier

** TD Cowen analysts say results were negative as the rare earnings miss came amid broader refining outperformance

** Including session's move, stock up 26.7% YTD

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))