Quick Read – Marathon Petroleum (MPC) posted $17.73 EPS against a $13.95 estimate as its refining margin nearly doubled to $36 per barrel. – Valero (VLO) warns margins could drop 28% by 2027, but structural limits keep today’s crack spreads historically wide.
No new U.S. refinery has been built since 1976. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Marathon Petroleum didn’t make the cut
Grab the names FREE today. Marathon Petroleum (NYSE:MPC) reported $17.73 in quarterly earnings per share against a $13.95 estimate, and its stock is up 90.47% year to date. If you have been grumbling at the pump about $4.08 gasoline, congratulations, you found the party.
However, you were not invited unless you were invested here. The Blowout Nobody Was Modeling CNBC’s Pippa Stevens laid out the setup on air Tuesday. “Fuel prices are high and crude has pulled back, creating a perfect situation for the refiners. EPS up 975% quarter over quarter and nearly 350% year over year.” That is the whole thesis in two sentences.