Earnings call briefThird-quarter 2026
Marathon Petroleum says it expects elevated margins through at least mid-2027
The company expects its Gulf Coast investments to enter service by year-end 2027, including a 90,000-barrel-per-day distillate treater at Galveston Bay.
GetSignal Marathon Petroleum MPC
CEO Maryann T. Mannen said on the third-quarter call that the company expects to remain in an enhanced mid-cycle environment through the end of the decade, with elevated margins through at least mid-2027. Mannen said the company expects its Gulf Coast investments to enter service by year-end 2027, including a 90,000-barrel-per-day distillate treater at Galveston Bay.
Quotes from the call
“We expect the investments we have been making in our Gulf Coast region to enter service by year-end 2027. These include the construction of a 90 thousand-barrel-per-day distillate treater at our Galveston Bay refinery.”
Key facts from the call
- Expected fourth-quarter crude throughput
- 2.8 million barrels per day
- Expected fourth-quarter utilization
- 95%
- Expected fourth-quarter turnaround expenses
- $230 million
- 2026 turnaround expense outlook
- $1.35 billion
Source: Marathon Petroleum's third-quarter 2026 earnings call, November 3, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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