Marathon Petroleum (NYSE: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.
