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

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Significant EPS Decline, Sales are Up


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Marathon Petroleum Corp announced second quarter 2017 operating income of $982 millions



Marathon Petroleum Corp announced earnings per share of $0.93 and Sales of $16.29 billions in the second quarter 2017, Company's income dropped by -38.41 % per share, versus $1.51 eps, earned in the same quarter a year ago, although Marathon Petroleum Corp saw it's Sales rise by 8.14 % in the same period.

In contrast to the first quarter 2017 Sales advanced by 11.62 % from $16.29 billions and eps more than doubled by 1450 % from $0.06 per share.
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%.
Profits improved in following segments: Refining or Marketing 50.05%, Speedway 104.2%, Pipeline Transportation 4.35%. Net income of $574 millions in the second quarter 2017 fell by -26.69 % from $783 millions in the corresponding period a year before. Marathon Petroleum Corp shifted it's focus on improving sales in the second quarter 2017, as a result net margin eased to 3.16%.

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 second 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 %.

Marathon Petroleum Corp is expected to report next financial results on October 23, 2017.
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