Based in Findlay, Ohio, Marathon Petroleum Corporation (MPC), with a market cap of $58.2 billion, operates as a leading independent refiner, transporter, and marketer of petroleum products. The company is slated to announce its fiscal Q2 earnings results before the market opens on Tuesday, Aug. 6.
Ahead of this event, analysts expect the refiner to report a profit of $3.83 per share, representing a 28% decrease from $5.32 per share in the year-ago quarter. The company has consistently exceeded Wall Street's earnings expectations in the past four quarters. The company reported an EPS of $2.78 in the most recent quarter, exceeding the consensus EPS estimate by a 9.9% margin due to robust demand for refined products.
