Marathon Petroleum: 3Q Earnings Snapshot
FINDLAY, Ohio (AP) _ Marathon Petroleum Corp. (MPC) on Thursday reported third-quarter net income of $737 million.
On a per-share basis, the Findlay, Ohio-based company said it had profit of $1.62. Earnings, adjusted for non-recurring costs, were $1.70 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.
The refiner posted revenue of $23.13 billion in the period.
Marathon Petroleum shares have risen 8 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 1 percent. The stock has climbed 19 percent in the last 12 months.