MPC - Marathon Petroleum Non-GAAP EPS of $1.30 beats by $0.74 revenue of $35.61B beats by $9.82B

Marathon Petroleum press release (NYSE:MPC): Q4 Non-GAAP EPS of $1.30 beats by $0.74. Revenue of $35.61B (+95.9% Y/Y) beats by $9.82B. Capital expenditure of $651M. Adjusted earnings before interest, taxes, depreciation, and amortization was $2.8B in the third quarter of 2021, compared with $907M for the fourth quarter of 2020. Announced 2022 MPC standalone capital spending outlook of $1.7 billion; approximately 50% of growth capital for Martinez refinery conversion. Martinez renewable fuels project total cost of $1.2 billion; approximately $300 million spent to date, $700 million for 2022, and $200 million for 2023.

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Marathon Petroleum Non-GAAP EPS of $1.30 beats by $0.74, revenue of $35.61B beats by $9.82B