Marathon Petroleum stock gains 2.54 percent after strong Q2 EPS beat

Published on 10/05/2026 at 17:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Marathon Petroleum stock was trading at USD 433.06 on October 5, 2026, after Q2 EPS beat consensus by USD 3.46. Analysts set targets from USD 210.00 to USD 472.00.

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Marathon Petroleum (ISIN US56585A1025) was trading at USD 433.06 on the NYSE on October 5, 2026, up USD 10.73 or 2.54 percent from the prior close. The move follows a Q2 2026 earnings performance in which diluted EPS reached USD 17.73, beating the USD 14.27 consensus estimate by USD 3.46, according to MarketBeat.

Q2 earnings reset the scale

Marathon Petroleum reported USD 51.99 billion in Q2 revenue, up 53.5 percent from the prior year and above the USD 40.87 billion consensus estimate. Net income reached USD 5.14 billion, compared with USD 1.22 billion in the same quarter a year earlier, while EPS increased from USD 3.96 to USD 17.73, Ticker Scout reported for the quarter ended June 30, 2026.

The earnings mix matters because the profit expansion was driven by refining economics rather than a simple volume increase. Q2 adjusted EBITDA for Refining and Marketing reached USD 6.66 billion, up 252.1 percent year over year, while consolidated adjusted EBITDA rose 157.5 percent to USD 8.46 billion, according to Ticker Scout.

Analyst targets trail the market price

The valuation picture is more restrained than the earnings headline. MarketBeat lists a Moderate Buy consensus from 17 analysts, an average target of USD 370.38, a low target of USD 210.00 and a high target of USD 472.00. The average target is USD 62.68, or 14.5 percent, below the USD 433.06 market price.

Bank of America raised its target from USD 410.00 to USD 426.00 while keeping a Neutral rating in a note issued on October 2, 2026, according to MarketBeat. Goldman Sachs had raised its target from USD 376.00 to USD 472.00 on September 21, 2026, while maintaining a Buy rating, MarketBeat reported.

Q3 date sets the next checkpoint

Marathon Petroleum has scheduled its discussion of third-quarter 2026 financial results for November 3, 2026, at 11:00 a.m. ET. The date and conference call details were published by Marathon Petroleum on September 17, 2026. That report will test whether Q2 refining margins can remain elevated into the next reporting period.

Marathon Petroleum stock reaches a new high

Marathon Petroleum stock was trading at USD 433.06 on the NYSE at 11:47 a.m. ET on October 5, 2026, with a session range of USD 421.45 to USD 433.60. Its 52-week range was USD 161.93 to USD 433.60, and market capitalization stood at USD 126.4 billion.