Marathon Petroleum's stock soared 5.18% during intraday trading on Tuesday, following the release of its fourth-quarter 2025 financial results that significantly exceeded analyst expectations.
The refiner reported adjusted earnings per share of $4.07, beating the consensus estimate of $2.88, while revenue of $33.42 billion also topped forecasts. The strong performance was primarily driven by a substantial increase in refining margins, with the refining and marketing margin reaching $18.65 per barrel compared to $12.93 per barrel a year earlier.
This margin expansion led to a core profit of approximately $2 billion for the refining segment, a significant rise from $559 million in the prior-year quarter. The results reflect a rebound in U.S. refinery crack spreads, showcasing the company's robust operational and commercial execution amid favorable market conditions.
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