Findlay, OH, United States
Findlay, OH, United States

Marathon Petroleum Corporation is a United States based oil refining, marketing, and pipeline transport company. The company was formed as a subsidiary on September 1, 2005, from the former Marathon Ashland Petroleum, LLC, and is based in Findlay, Ohio. Marathon Petroleum operated as a subsidiary of the Marathon Oil Corporation until July 1, 2011. Wikipedia.


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LONDON, UK / ACCESSWIRE / March 2, 2017 / Active Wall St. blog coverage looks at the headline from Marathon Petroleum Corp. (NYSE: MPC) and MPLX L.P. (NYSE: MPLX). Marathon Petroleum announced on March 01, 2017, that it has closed a transaction with MPLX L.P. ("MPLX"), pursuant to which Marathon Petroleum has contributed certain terminal, pipeline, and storage assets to MPLX for a total consideration of about $2.015 billion. Register with us now for your free membership and blog access at: Today, AWS is promoting its blog coverage on MPC and MPLX. Get all of our free blog coverage and more by clicking on the link below: This agreement between the two Companies is viewed as a strategic action to generate greater value for shareholders. On October 27, 2016, Marathon Petroleum announced several initiatives to enhance shareholder value, of which the primary motive is to generate value from its portfolio of high-quality midstream assets. MPC is probably the nation's third-largest refiner with a crude oil refining capacity of approximately 1.8 million barrels per calendar day in its seven-refinery system. Initially, under the strategic plan to deliver greater value to shareholders, Marathon Petroleum offered assets contributing a total of roughly $350 million by the end of FY17, subject to market and other conditions. The initial drop-down transactions led Marathon Petroleum to an estimated $1 billion of annual EBITDA which could eventually be dropped into MPLX to support the continued strong growth of partnerships while enhancing the value delivered to each Company. Marathon Petroleum is contributing this asset for the transaction in exchange of $504 million in MPLX's equity and $1.511 billion in cash. The equity to be issued under the transaction represents MPLX's common units and general partner units to maintain Marathon Petroleum's 2% general partner interest in MPLX. The valuation of units will be fixed on the basis of 10-day volume weighted average price of MPLX common units prior to the closing. The net consideration for these assets surpasses the net earnings of $250 million before taxes, interest, depreciation, and amortization over the next 12 months, by over 8 times. This transaction is expected to be immediately accretive to MPLX's 2017 distributable cash flow. Prior to this agreement concerning the sale of high-value assets, Marathon Petroleum and MPLX executed definitive agreements on March 14, 2016, to sell Marathon's Petroleum inland marine business to MPLX. Additionally, MPLX issued equity to Marathon Petroleum valued at $600 million at an approximate price of $26.09 per unit with 98% of the equity in the form of common units and remainder in general partner units. The inland marine business comprised of 18 tow boats and 205 barges which account for nearly 60% of the total volume shipped by Marathon Petroleum through its inland marine vessels. Marathon Petroleum views growth through these drop-down transactions where this first agreement is viewed as a predecessor to other possible deals. Such agreements would strengthen the current partnerships between the two Companies while offering enhanced value to Marathon Petroleum's limited and general partner interests in MPLX. Marathon Petroleum plans to execute these transactions over the next 3 years, subject to pending requisite approvals. Marathon Petroleum's stock climbed by 2.80%, closing Wednesday's session at $50.99 on volume of 5.17 million shares. The stock has surged 22.44% and 52.20% in the last six months and past twelve months, respectively. Moreover, the stock has advanced 2.00% since the start of the year. The Company's shares are trading at a PE ratio of 23.95 and have a dividend yield of 2.82%. At Wednesday's closing price, the stock's net capitalization stands at $27.09 billion. On Wednesday, March 01, 2017, the stock closed the trading session at $38.02, climbing 2.18% from its previous closing price of $37.21. A total volume of 1.63 million shares have exchanged hands, which was higher than the 3-month average volume of 1.55 million shares. MPLX L.P.'s stock price rallied 18.36% in the last three months, 16.65% in the past six months, and 52.20% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 11.35%. The stock has a dividend yield of 5.47% and currently has a market cap of $14.02 billion. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


News Article | March 2, 2017
Site: www.ogj.com

Marathon Petroleum Corp. has closed on a deal to contribute certain terminal, pipeline, and storage assets to MPLX LP for $2.015 billion.


News Article | February 15, 2017
Site: www.accesswire.com

LONDON, UK / ACCESSWIRE / February 15, 2017 / Active Wall St. announces its post-earnings coverage on Marathon Petroleum Corp. (NYSE: MPC). The Company disclosed its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on February 01, 2017. The Findlay, Ohio-based Company's quarterly total revenues and other income and diluted EPS grew on a year-over-year basis, outperforming market consensus estimates. Register with us now for your free membership at: One of Marathon Petroleum's competitors within the Oil & Gas Refining & Marketing space, Ultrapar Participacoes S.A. (NYSE: UGP), is expected to report its fiscal quarter ending December 2016 earnings results on February 22, 2017 after market close. AWS will be initiating a research report on Ultrapar Participacoes following the release of its next earnings results. Today, AWS is promoting its earnings coverage on MPC; touching on UGP. Get our free coverage by signing up to: During the quarter ended December 31, 2016, Marathon Petroleum total revenues and other income were $17.28 billion, which came in above $15.68 billion recorded at the end of Q4 FY15. Furthermore, total revenues and other income for the reported quarter beat market expectations of $13.68 billion. In Q4 FY16, the Company's income from operations was $553 million versus $338 million in the previous year's comparable quarter. Moreover, the Company's total segment's EBITDA rose to $1.12 billion in Q4 FY16 from $807 million in Q4 FY15. The independent refiner, transporter, and marketer of petroleum products reported net income attributable to Marathon Petroleum of $227 million, or $0.43 per diluted share, in Q4 FY16, compared to $187 million, or $0.35 per diluted share, in Q4 FY15. Wall Street had expected the Company to report diluted EPS of $0.25 in Q4 FY16. For full year FY16, the Company's total revenues and other income came in at $63.36 billion compared to $72.26 billion in FY15. The Company's net income attributable to Marathon Petroleum for FY16 was $1.17 billion, or $2.21 per diluted share, versus $2.85 billion, or $5.26 per diluted share, in FY15. During Q4 FY16, Refining & Marketing segment's income from operations was $219 million compared to $179 million in Q4 FY15. The segment's EBITDA for Q4 FY16 stood at $491 million compared to $447 million in the prior year's same quarter. Furthermore, the segment's refined product sales volume during Q4 FY16 was 2,240 million barrel per day (mbpd) versus 2,248 mbpd in Q4 FY15. Marathon Petroleum's Speedway segment's income from operations increased to $165 million in Q4 FY16 from $135 million in Q4 FY15. The segment's Q4 FY16 EBITDA came in at $235 million compared to $201million in Q4 FY15. Additionally, the segment's gasoline and distillate sales during the reported quarter were 1,489 million gallons compared to 1,537 million gallons in the prior year's corresponding quarter. In Q4 FY16, Midstream segment contributed $245 million to the Company's total income from operations compared to $94 million in the year ago same quarter. The segment reported Q4 FY16 EBITDA of $392 million which came in above $159 million recorded in the previous year's comparable quarter. During Q4 FY16, Crude oil and refined product pipeline throughputs were 2,346 mbpd versus 2,071 mbpd in Q4 FY15. The Gathering system throughput during Q4 FY16 was 3,164 million cubic feet per day compared to 3,075 million cubic feet per day in Q4 FY15. Moreover, the segment processed 5,970 million cubic feet per day of natural gas in Q4 FY16 compared to 5,468 million cubic feet per day in Q4 FY15. For the quarter ended on December 31, 2016, Marathon Petroleum generated $991 million in cash from operations compared to $405 million in quarter ended September 30, 2016. The Company's cash and cash equivalents balance stood at $887 million as on December 31, 2016 compared to $709 million at the close of books on September 30, 2016. The oil major's total consolidated debt as on December 31, 2016, was $10.57 billion. Furthermore, the Company's debt-to-total-capital at the end Q4 FY16 was 33% versus 34% at close of Q3 FY16. In a separate press release on January 27, 2017, Marathon Petroleum's Board of Directors announced dividend of $0.36 per share on common stock. The dividend is payable on March 10, 2017, to shareholders of record as of close of business on February 16, 2017. Furthermore, the Company return $210 million to its shareholders by way of dividends and share repurchases during the reported quarter. On Tuesday, February 14, 2017, the stock closed the trading session at $50.96, climbing 1.35% from its previous closing price of $50.28. A total volume of 4.36 million shares have exchanged hands. Marathon Petroleum's stock price advanced 16.88% in the last three months, 24.68% in the past six months, and 60.72% in the previous twelve months. The Company's shares are trading at a PE ratio of 23.94 and have a dividend yield of 2.83%. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


Patent
Marathon Petroleum | Date: 2015-02-05

This dual packing chamber is for use within a valve for existing pipelines. The secondary packing chamber can be easily incorporated into existing valves already in use. In the preferred embodiment, the secondary packing chamber is seated between the body of a valve and the yoke tube. The invention creates a primary packing chamber and a secondary packing chamber that acts as a stopper should the first packing chamber fail to ensure fluid is not accidently released to the environment.


Patent
Marathon Petroleum | Date: 2015-09-15

A method and apparatus for the reduction of fouling in a crude unit. Chemicals containing Phosphorous are understood to be utilized in the production or transportation of certain types of crude oils. It is believed that the elevated levels of phosphorus are contributing to the excessive fouling observed in the preheat exchanger circuits and crude heaters.


This is a unique way to optimize an existing refinery to process heavy bitumen. The upgrade utilizes a diluent recovery unit (DRU) in front of a Resid Hydrocracker. The recovered bitumen from the Resid Hydrocracker is fed to an integrated atmospheric fractionator to convert the light sweet refinery to diluted bitumen.


Patent
Marathon Petroleum | Date: 2015-02-12

This vapor control logic system is for optimizing terminal loading capacity by controlling load rack fuel dispensing with a vapor recovery unit (VRU) to prevent undesirable shutdown of fuel dispensing at terminal facilities.


Patent
Marathon Petroleum | Date: 2012-12-05

This instrumental method requires no sample preparation to determine not only whether a fuel contains DRA, but also the manufacturer(s) of the DRA. To date, there is no available method to quickly and easily perform this analysis. Only 60 microliters of sample are needed for the determination, which can be performed within two hours.


Patent
Marathon Petroleum | Date: 2012-11-20

Optimizing low coke naphtha reforming continues to pose significant challenges for oil refining companies in the operation of continuous catalytic regenerative reforming units for economic production of hydrogen, LPG and reformate. A novel processing scheme is hereby disclosed wherein multiple additives are used to increase spent catalyst coke to ensure operating the regenerators in steady state white burn operations. In previous disclosures novel additives sulfur and kerosene were identified as separately imparting enhanced rates of coke formation on the catalysts even at very mild severity catalytic reforming operations. To further accelerate spent catalyst coke formation and derive benefits from synergistic use of sulfur and kerosene, it is suggested that both sulfur and kerosene be used as additives in combination or in series with sulfur added first followed by kerosene and vice versa.


News Article | March 1, 2017
Site: www.prnewswire.com

LEHIGH VALLEY, Pa., March 1, 2017 /PRNewswire/ -- Air Products (NYSE: APD), a world-leading industrial gases company, today announced it has been awarded the long-term supply of approximately 30 million standard cubic feet per day of hydrogen by Marathon Petroleum Company LP for its...

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