Marathon Petroleum beats by $1.77, beats on revs (160.14)
- Reports Q4 (Dec) earnings of $3.98 per share, excluding non-recurring items, $1.77 better than the FactSet Consensus of $2.21; revenues fell 8.9% year/year to $36.26 bln vs the $34.9 bln FactSet Consensus.
- The fourth quarter of 2023 adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA) was $3.5 billion, compared with $5.8 billion for the fourth quarter of 2022. Adjustments are shown in the accompanying release tables.
- Co sees Q1 crude oil refined of 2,685 mbpd.