The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Marathon Petroleum beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew.
Margins increased across the board.
Marathon Petroleum recorded revenue of $20.71 billion. The four analysts polled by S&P Capital IQ anticipated net sales of $19.32 billion on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $18.12 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $2.26. The 14 earnings estimates compiled by S&P Capital IQ forecast $2.10 per share. GAAP EPS were $2.24 for Q4 against -$0.23 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 8.8%, 650 basis points better than the prior-year quarter. Operating margin was 5.7%, 660 basis points better than the prior-year quarter. Net margin was 3.6%, 400 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $20.37 billion. On the bottom line, the average EPS estimate is $1.84.
Next year's average estimate for revenue is $91.30 billion. The average EPS estimate is $9.33.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 153 members out of 157 rating the stock outperform, and four members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Marathon Petroleum a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Marathon Petroleum is outperform, with an average price target of $69.81.
Is Marathon Petroleum the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Marathon Petroleum to My Watchlist.