Findlay, Ohio-based Marathon Petroleum Corporation (MPC) operates as an integrated downstream energy company. With a market cap of $45.7 billion, Marathon Petroleum operates through Refining & Marketing and Midstream segments. The oil refining & marketing giant is gearing up to announce its fourth-quarter results before the market opens on Tuesday, Feb. 4.
Ahead of the event analysts expect Marathon Petroleum to report a non-GAAP profit of $0.26 per share, down a massive 93.5% from $3.98 per share reported in the year-ago quarter. However, the company has a robust earnings surprise history. It has surpassed Wall Street’s bottom-line estimates in each of the past four quarters. While its adjusted EPS for the last reported quarter tanked 77% year-over-year to $1.87, it surpassed analysts’ estimates by a significant 92.8%.
