Marathon Petroleum: Stronger Q2 Crack Spreads For America's Largest Refiner

2025-07-23 12:52:46 ET

In Q1 , America's largest refiner - Marathon Petroleum ( MPC ) - posted a loss primarily due to large planned refining maintenance combined with a weak 3:2:1 refining crack spread. The company's Q2 earnings report is due out on August 5th and investors will be happy to know that the refining crack-spread has significantly improved as compared to Q1 (see graphic below) and the successful execution of the maintenance work is now in MPC's rear view mirror - just in time for the summer driving season. Today, I'll take a fresh look at the company and give a preview of the Q2 earnings report....

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