Valued at a market cap of $54 billion, Marathon Petroleum Corporation (MPC) is an integrated downstream energy company that transports and markets petroleum products. The Findlay, Ohio-based company also provides transportation, storage, and logistics services for crude oil and refined products. It is scheduled to announce its fiscal Q2 earnings for 2025 before the market opens on Tuesday, Aug. 5.
Before this event, analysts project this downstream energy company to report a profit of $3.26 per share, down 20.9% from $4.12 per share in the year-ago quarter. The company has surpassed Wall Street’s bottom-line estimates in each of the last four quarters. Its loss per share of $0.24 in the previous quarter topped the consensus estimates by a notable margin of 61.9%.
For the full year, analysts expect MPC to report EPS of $7.08, down 27.1% from $9.71 in fiscal 2024. Nonetheless, its EPS is expected to grow 62% year-over-year to $11.47 in fiscal 2026.
MPC has gained 5.3% over the past 52 weeks, underperforming the S&P 500 Index's ($SPX) 10.9% return over the same time frame. However, it has outpaced the Energy Select Sector SPDR Fund’s (XLE) 5.5% loss over the same period.
On May 6, shares of MPC surged marginally after its Q1 earnings release. Due to lower sales and other operating revenues, the company’s overall top-line declined 4.1% year-over-year to $31.9 billion. Meanwhile, its loss of $0.24 per share fell significantly from a profit of $2.58 per share in the year-ago quarter, but outpaced the consensus estimates by a notable margin of 61.9%. The bottom-line beat might have slightly raised investor confidence.
Wall Street analysts are moderately optimistic about MPC’s stock, with a "Moderate Buy" rating overall. Among 19 analysts covering the stock, nine recommend "Strong Buy," two indicate "Moderate Buy," and eight suggest "Hold.” The mean price target for MPC is $176.39, indicating a potential marginal upside from the current levels.
On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
