Marathon Petroleum is expected to report Q3 2026 revenue of $33.56 billion and EPS of $25.74, while its stock currently trades at $444.73 against an average analyst price target of $452.00.
Investors are primarily focused on the company’s Refining & Marketing (R&M) margin per barrel, which is projected to reach $44.76 for the quarter.
The anticipated 755% year-over-year earnings explosion reflects a period of historic refining profitability and optimized capture rates despite a slight contraction in total revenue. Analysts are also monitoring the impact of $290 million in guided maintenance costs and the continued pace of the company's aggressive share repurchase program.