- Marathon Petroleum‘s 4Q adjusted EPS beats estimates at $3.98, compared to the estimate of $2.20.
- The capital expenditure for the quarter was $780 million, which exceeded the estimate of $516.3 million.
- Total throughput for the quarter was 2,931 mb/d.
- R&M margin was higher than estimated at +$17.79, compared to the estimate of +$15.67.
- Total revenues & other income for the quarter were $36.82 billion, surpassing the estimate of $35.28 billion.
- The company’s standalone (excluding MPLX) capital spending outlook for 2024 is $1.25 billion.
- In 2023, the business generated $14.1 billion of net cash from operations, which was driven by strong operational performance and commercial execution as stated by CEO Michael J. Hennigan.
- The company’s stock currently has 15 buys, 5 holds, and 1 sell.
A look at Marathon Petroleum Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Marathon Petroleum Corporation, a company that refines, transports, and markets petroleum products, has a positive long-term outlook according to Smartkarma’s Smart Scores. The company scores well in growth and momentum, with scores of 5 and 4 respectively. This indicates that the company is performing well in terms of expanding its business and maintaining positive momentum. Additionally, the company scores a 3 in value and resilience, suggesting that it is a solid investment option with stable operations. However, its dividend score of 2 is lower, indicating that it may not be the best option for investors looking for high dividend yields.
Based on Smartkarma’s Smart Scores, Marathon Petroleum Corporation has a promising future ahead. The company’s strong growth and momentum scores, combined with its solid value and resilience scores, make it an attractive investment option. With its focus on refining, transporting, and marketing petroleum products, Marathon Petroleum is well-positioned to benefit from the demand for energy in the mid-west, gulf coast, and southeast United States. However, investors seeking high dividends may want to consider other options as the company’s dividend score is on the lower side. Overall, Marathon Petroleum Corporation seems to be a strong and stable company with good prospects for long-term growth.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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