Marathon Petroleum Posts $1.2B Q2 Net Income, $3.96 EPS, 97% Utilization, 3.1M BPD Throughput, Raises Q3 Guidance

Marathon Petroleum reported strong second-quarter 2025 earnings, with net income reaching $1.2 billion and adjusted earnings per share (EPS) of $3.96, surpassing analyst estimates of $3.22. The company achieved a crude capacity utilization rate of 97%, resulting in a total throughput of 3.1 million barrels per day. Revenue for the quarter was $34.1 billion. Marathon Petroleum also returned $1 billion in capital to shareholders during this period. Looking ahead, the company expects third-quarter total throughput of 2.94 million barrels per day and anticipates direct operating costs of $5.70 per barrel. CEO Maryann Mannen expressed optimism about the long-term outlook, citing higher refining margins as a key driver of profitability. This performance contrasts with other industry players such as Maurel & Prom, which reported a 25% decline in half-year core profit due to lower oil prices.