Marathon petroleum corp. reports third-quarter 2024 results

Findlay, ohio , nov 5, 2024 /prnewswire/ -- third -quarter net income attributable to mpc of $622 million, or $1.87 per diluted share $2.5 billion  of adjusted ebitda and $1.7 billion of net cash provided by operating activities executing midstream growth anchored in the permian and marcellus; $1.6 billion segment adjusted ebitda in the third quarter, up nearly 6% year-over-year annually mpc expects to receive distributions of $2.5 billion following mplx's 12.5% quarterly distribution increase, building on the strong value proposition to mpc through our integrated relationship $3.0 billion  of capital returned to shareholders; announced additional $5 billion share repurchase authorization and a 10% quarterly dividend increase marathon petroleum corp. (nyse: mpc) today reported net income attributable to mpc of $622 million, or $1.87 per diluted share, for the third quarter of 2024, compared with net income attributable to mpc of $3.3 billion, or $8.28 per diluted share, for the third quarter of 2023.  the third quarter of 2024 adjusted earnings before interest, taxes, depreciation, and amortization (adjusted ebitda) was $2.5 billion, compared with $5.7 billion for the third quarter of 2023.
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