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Marathon Petroleum Corp  (MPC)
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    Sector  Energy    Industry Oil & Gas Integrated Operations
 
 

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Marathon Petroleum Corp announced first quarter 2017 operating income of $292 millions



Marathon Petroleum Corp showed respectable growth in the first quarter 2017, where earnings per share soared year on year to $0.06 per share and Sales increased by 27.7 % to $16.29 billions, led by sales in Speedway segment.

Sequentially eps dropped by -86.04 % from $0.43 per share and Sales decreased by -5.05 % from $17.16 billions.
Marathon Petroleum Corp said it's sales growth was driven by Speedway segment up 36.38% Pipeline Transportation segment up 18.75%, while sales in Refining or Marketing segment fell -37.68%.
Broad-based income growth in Refining or Marketing, Speedway, Pipeline Transportation segment, turn Marathon Petroleum Corp into profitability. First quarter net income was $101 millions, an improvement versus a net loss of $-78 millions in the same quarter a year ago. Marathon Petroleum Corp also emphasized it's improving profit margins, where net margin rose to 0.62% in first quarter 2017, and operating margin edged up to 1.79%.

Analysing further company's results, an astounding rise of 83.88% in Avg. Gasoline volume per station (thousands gallons/month) to 188.08 explains the first quarter 2017 performance.
Other gains in Gasolines Refined Product Yields (MBP/D) 5.44 %, Asphalt Refined Product Yields (MBP/D) 6.82 %, were worth mentioning.
The Oil & Gas Integrated Operations company, also outlined contraction in Propane Refined Product Yields (MBP/D) -8.33 %, Feedstocks Special Refined Product Yields (MBP/D) -11.52 %.
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