Marathon Petroleum Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 3, 2026, reporting third-quarter net income attributable to MPC of $7.447 billion on sales and other operating revenues of $56.032 billion.

Key Highlights

  • Net income attributable to MPC: $7.447 billion for the three months ended September 30, 2026, compared to $1.370 billion in the same period of 2025.
  • Sales and other operating revenues: $56.032 billion for Q3 2026, up from $34.809 billion in Q3 2025.
  • Diluted EPS: $26.59 per share for Q3 2026, versus $4.51 per share in Q3 2025.
  • Nine-month net income attributable to MPC: $13.096 billion for the nine months ended September 30, 2026, compared to $2.512 billion for the same period in 2025.
  • Cash and cash equivalents: $12.805 billion as of September 30, 2026, versus $3.672 billion at December 31, 2025.
  • Total assets: $102.514 billion as of September 30, 2026, compared to $83.955 billion at December 31, 2025.
  • Shares outstanding: 272,282,280 shares of common stock as of October 29, 2026.

Marathon Petroleum Q3 2026 Financial Results and Balance Sheet Overview

According to the filing, Marathon Petroleum Corporation (NYSE:MPC) reported total revenues and other income of $56.487 billion for the three months ended September 30, 2026, compared to $35.849 billion in the prior-year quarter. Total costs and expenses for Q3 2026 were $46.037 billion, resulting in income from operations of $10.450 billion, versus $2.713 billion in Q3 2025. The provision for income taxes for the quarter was $2.285 billion, compared to $460 million in Q3 2025.

For the nine months ended September 30, 2026, the company disclosed total revenues and other income of $143.392 billion and income from operations of $19.176 billion. Net income for the nine-month period was $14.267 billion in total, of which $13.096 billion was attributable to MPC and $1.171 billion to noncontrolling interests. Basic net income attributable to MPC per share for the nine months was $45.51, on weighted average shares outstanding of 287 million.

On the balance sheet, the filing reported total assets of $102.514 billion as of September 30, 2026. Long-term debt stood at $32.894 billion, up from $30.505 billion at December 31, 2025. Total current liabilities were $29.055 billion, with accounts payable of $20.578 billion. Inventories were $10.196 billion at quarter-end. The company also disclosed short-term investments of $804 million as of September 30, 2026, compared to none at December 31, 2025.

What Was Disclosed

Marathon Petroleum filed its quarterly report covering the period ended September 30, 2026, disclosing revenues, earnings, per-share data, and balance sheet figures for both the third quarter and first nine months of 2026, along with comparative prior-year figures.