Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Marathon Petroleum Corporation (MPC) reported their third quarter 2025 financial results highlighting continued robust cash generation, strategic progress in refining operations, and supply-demand dynamics influencing their outlook.</li><li>The quarter saw MPC execute planned refinery turnarounds with a utilization rate of 95%, translating to a strong capture rate of 96% despite market-driven headwinds.</li><li>Year-to-date capture improved to 102% compared to 95% in the previous year, underscoring MPC's ability to achieve favorable outcomes in varying market conditions.</li></ul>

Marathon Petroleum Corporation (MPC) reported their third quarter 2025 financial results highlighting continued robust cash generation, strategic progress in refining operations, and supply-demand dynamics influencing their outlook.The quarter saw MPC execute planned refinery turnarounds with a utilization rate of 95%, translating to a strong capture rate of 96% despite market-driven headwinds.Year-to-date capture improved to 102% compared to 95% in the previous year, underscoring MPC's ability to achieve favorable outcomes in varying market conditions.

Marathon Petroleum: Growth of Midstream Operations & Contribution to Stable Cash Flows & Shareholder Returns!

<ul><li>Marathon Petroleum Corporation (MPC) reported strong financial performance for the second quarter of 2025, signaling a well-executed strategy in both refining and midstream operations.</li><li>The company achieved a remarkable 97% utilization rate across its refineries, leveraging its integrated value chain to capture a margin of 105%.</li><li>This reflects an effective response to current market fundamentals, including robust diesel demand and tight inventory levels, which continue to support favorable margins.</li></ul>

Marathon Petroleum Corporation (MPC) reported strong financial performance for the second quarter of 2025, signaling a well-executed strategy in both refining and midstream operations.The company achieved a remarkable 97% utilization rate across its refineries, leveraging its integrated value chain to capture a margin of 105%.This reflects an effective response to current market fundamentals, including robust diesel demand and tight inventory levels, which continue to support favorable margins.

Marathon Petroleum: Optimization of Galveston Bay to Sustain Profitability Even Amidst Market Fluctuations!

<ul><li>The recent results and investment outlook for Marathon Petroleum Corporation (MPC) reflect both strategic advancements and operational challenges faced during the quarter.</li><li>In the first quarter of 2025, MPC reported a net loss of $0.24 per share, primarily due to decreased results in their Refining and Marketing, as well as renewable diesel segments.</li><li>However, despite posting a net loss, the company achieved a commendable 104% capture rate amidst significant turnaround activities, indicative of strong operational execution under volatile market conditions.</li></ul>

The recent results and investment outlook for Marathon Petroleum Corporation (MPC) reflect both strategic advancements and operational challenges faced during the quarter.In the first quarter of 2025, MPC reported a net loss of $0.24 per share, primarily due to decreased results in their Refining and Marketing, as well as renewable diesel segments.However, despite posting a net loss, the company achieved a commendable 104% capture rate amidst significant turnaround activities, indicative of strong operational execution under volatile market conditions.

Marathon Petroleum: Midstream Growth & Integration As A Key Growth Catalyst!

<ul><li>Marathon Petroleum Corporation’s recent earnings offered a detailed account of its strategic priorities, operational milestones, and financial performance, presenting a clear view of the company’s position and direction.</li><li>In 2024, the company achieved its lowest OSHA recordable injury rate company-wide, alongside improved environmental metrics over the past five years, highlighting a continued emphasis on safety and sustainability.</li><li>Operational cash flow reached $8.7 billion, enabling a notable capital return of $10.2 billion to shareholders, underscoring strong financial execution.</li></ul>

Marathon Petroleum Corporation’s recent earnings offered a detailed account of its strategic priorities, operational milestones, and financial performance, presenting a clear view of the company’s position and direction.In 2024, the company achieved its lowest OSHA recordable injury rate company-wide, alongside improved environmental metrics over the past five years, highlighting a continued emphasis on safety and sustainability.Operational cash flow reached $8.7 billion, enabling a notable capital return of $10.2 billion to shareholders, underscoring strong financial execution.

Marathon Petroleum’s $17 Billion Shake-Up Is Just the Beginning – Here’s What’s Powering the Next Surge!

<ul><li>Marathon Petroleum Corporation reported third quarter earnings per share of $1.87 with a refining utilization rate of 94%.</li><li>The company continues to deliver solid performance in its refining and marketing (R&M) segment, boasting a 96% capture rate, a 2% improvement quarter-over-quarter, reflecting strong commercial performance.</li><li>The refining operating costs were at $5.30 per barrel, a slight increase primarily due to decreased throughputs and higher project expenses linked to intensified turnaround activity.</li></ul>

Marathon Petroleum Corporation reported third quarter earnings per share of $1.87 with a refining utilization rate of 94%.The company continues to deliver solid performance in its refining and marketing (R&M) segment, boasting a 96% capture rate, a 2% improvement quarter-over-quarter, reflecting strong commercial performance.The refining operating costs were at $5.30 per barrel, a slight increase primarily due to decreased throughputs and higher project expenses linked to intensified turnaround activity.

Marathon Petroleum Corporation: Refining Utilization & Operational Excellence To Redefine the Industry! - Major Drivers

United States

Marathon Petroleum Corporation refines, transports, and markets petroleum products. The Company sells its products to resellers and consumers in the mid-west, gulf coast, and southeast United States.

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Marathon Petroleum (MPC US)

Marathon Petroleum: Growth of Midstream Operations & Contribution to Stable Cash Flows & Shareholder Returns!

Marathon Petroleum Corporation (MPC) reported their third quarter 2025 financial results highlighting continued robust cash generation, strategic...

Baptista Research

Marathon Petroleum: Optimization of Galveston Bay to Sustain Profitability Even Amidst Market Fluctuations!

Marathon Petroleum Corporation (MPC) reported strong financial performance for the second quarter of 2025, signaling a well-executed strategy in...

Baptista Research

Marathon Petroleum: Midstream Growth & Integration As A Key Growth Catalyst!

The recent results and investment outlook for Marathon Petroleum Corporation (MPC) reflect both strategic advancements and operational challenges...

Baptista Research

Marathon Petroleum’s $17 Billion Shake-Up Is Just the Beginning – Here’s What’s Powering the Next Surge!

Marathon Petroleum Corporation’s recent earnings offered a detailed account of its strategic priorities, operational milestones, and financial...

Baptista Research

Marathon Petroleum Corporation: Refining Utilization & Operational Excellence To Redefine the Industry! - Major Drivers

Marathon Petroleum Corporation reported third quarter earnings per share of $1.87 with a refining utilization rate of 94%. The company continues...

Baptista Research

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