Marathon Petroleum Beats Earnings Expectations as Refining Margins Surge

Marathon Petroleum (NYSE: MPC) beat fourth-quarter earnings expectations by a mile as refining margins surged in the latter part of 2025. One of the biggest U.S. refiners on Tuesday reported fourth-quarter adjusted net income of $1.2 billion, or $4.07 per share, trouncing the analyst consensus estimate of $2.72 earnings per share in The Wall Street Journal. The fourth quarter of 2025 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped to $3.5 billion, compared with $2.1 billion for the fourth quarter of 2024,…