Skip to main content 4Q 2016 Earnings Call – Marathon Petroleum Corporation Investor Presentation | Shale Experts
Loading...
Pm

4Q 2016 Earnings Call – Marathon Petroleum Corporation

Marathon Petroleum Corporation · Feb 2, 2017 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 1
    Fourth-Quarter 2016 Earnings Conference Call and Webcast February 1, 2017
  2. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 2
    Highlights Reported fourth-quarter earnings of 227 million, or 0.43 per diluted share; full-year earnings of 1.17 billion, or 2.21 per diluted share Speedway achieved record full-year segment results Announced 2017 capital investment…
  3. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 3
    4Q and Full-Year 2016 Earnings* 4Q 2016 4Q 2015 2016 2015 Earnings* 227 MM 187 MM 1,174 MM 2,852MM Earnings per Diluted Share** 0.43 0.35 2.21 5.26 Earnings* Earnings per Diluted Share** 3,000 2,852 6 187 5.26 2,500 5 0.35 948…
  4. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 4
    Earnings* 4Q 2016 vs. 4Q 2015 Variance Analysis 500 151 400 (6) (33) 300 (61) 30 227 MM 40 200 187 (81) 100 0 4Q 2015 Refining & Speedway** Midstream*** Items not Interest and Income Noncontrolling 4Q 2016…
  5. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 5
    Refining & Marketing Segment Income 4Q 2016 vs. 4Q 2015 Variance Analysis 800 345 600 MM 400 26 47 105 (25) (4) (397) 13 219 200 179 (70) 0 *4Q 2015 **LLS **Sweet/ **LLS/WTI **LLS **Market Lower of Other Direct Other…
  6. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 6
    Refining & Marketing Segment Income 4Q 2016 vs. 3Q 2016 Variance Analysis 350 306 257 300 250 219 (70) (11) 200 MM 150 100 (201) (26) 1 50 (16) (21) 0 3Q 2016 *LLS *Sweet/ *LLS/WTI *LLS *Market Other Direct Other 4Q…
  7. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 7
    Refining & Marketing Segment Income 2016 vs. 2015 Variance Analysis 4,500 4,086 4,000 3,500 3,000 690 2,500 334 4 58 MM 2,000 (1,974) (260) (1,052) 64 1,543 1,500 (407) 1,000 500 0 2015* **LLS **Sweet/ **LLS/WTI…
  8. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 8
    Speedway Segment Income Variance Analysis 4Q 2016 vs. 4Q 2015 200 34 165 150 135 25 10 MM 100 (39) 50 0 4Q 2015 Light Product Merchandise Lower of Other 4Q 2016 Gross Margin Gross Margin Cost or Market 2016 vs. 2015…
  9. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 9
    Midstream Segment Income Variance Analysis 4Q 2016 vs. 4Q 2015 300 36 245 82 200 MM 20 13 100 94 0 4Q 2015* Revenue Equity MarkWest Operating Expenses 4Q 2016 Affiliates and Other 2016 vs. 2015 1,000 48 871 356 800…
  10. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 10
    Total Company Cash Flow 4Q 2016 2,000 95 896 (7) 1,500 277 MM 1,000 73 887 (793) (210) 709 (153) 500 0 9/30/2016 Operating Working Net Debt Cash Capital Issuance of Return of Distributions to Other 12/31/2016 Cash…
  11. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 11
    Liquidity and Capitalization/Select Cash-Flow Data MPC MPC MPLX As of December 31, 2016 Excluding Consolidated Adjustments(a) (MM except ratio data) MPLX Debt 10,572 4,423 6,149 Mezzanine equity 1,000 1,000 - Equity 20,203 8,219…
  12. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 12
    1Q 2017 Outlook Other Total Corporate Percent of Sour Crude Oil Turnaround Depreciation Other Crude Charge/ Total Direct and Other WTI-priced Throughput and Major and Manufacturing Throughput* Feedstocks Throughput* Operating…
  13. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 13
    Appendix 14
  14. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 14
    2017 Capital Outlook Excluding Acquisitions and Dropdowns 11% 3% Speedway Corporate & Other MPC excluding MPLX 1.7 B Refining & Marketing (R&M) 1,165 MM Midstream 90 MM 25% Speedway 380 MM R&M Sustaining Corporate & Other 100 MM…
  15. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 15
    Capital Expenditures & Investments (MM) 2016 Revised 4Q 2016 2016 2017 Plan Plan Refining & Marketing (R&M)(a) 1,170 313 1,101 1,165 Speedway 310 112 303 380 Midstream, including MPLX(a,b) 1,525 374 1,521 1,740 Corporate and…
  16. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 16
    Fuels Distribution Business Model Marketing Model Marketing Model Services Model (Wholesale Distribution) (Rack-to-Retail) MPC outsources fuels marketing Purchase MPCs marketing Precedents models purchase, services to MPLX for those…
  17. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 17
    Earnings (MM unless otherwise noted) 2015 2016 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Refining & Marketing segment income* 1,292 1,181 1,434 179 (62) 1,080 306 219 Speedway segment income** 168 127 243 135 167 193 209 165 Midstream segment income…
  18. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 18
    Reconciliation Adjusted EBITDA to Net Income Attributable to MPC (MM) 2016 LTM 1Q 2Q 3Q 4Q Net Income attributable to MPC 1 801 145 227 1,174 Less: Net interest and other financial income (costs) (142) (137) (141) (136) (556) Add:…
  19. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 19
    Reconciliation Adjusted EBITDA Related to MPLX to MPLX Net Income (MM) 2016 LTM 1Q 2Q 3Q 4Q MPLX Net Income (37) 20 143 132 258 Less: Net interest and other financial income (costs) (68) (64) (64) (65) (261) Add: Provision for…
  20. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 20
    Cash Provided from Operations Before Changes in Working Capital Reconciliation to Net Cash Provided by Operations (MM) 2016 (For the Quarter) 1Q 2Q 3Q 4Q Net cash provided by operations 327 2,263 405 991 Less changes in working…
  21. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 21
    Refining & Marketing Indicative Gross Margin 4Q 2016 2,500 2,000 87 1,900 581 36 (4) (30) 1,500 MM 1,230 1,000 500 (1,319) 219 (362) 0 *LLS *Sweet/ *LLS/WTI *LLS *Market Other R&M Direct Other R&M 6-3-2-1 Sour…
  22. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 22
    MPLX Distributions and Sales Proceeds to MPC* 100 91 98 69 73 MM 50 35 24 27 32 16 16 18 18 20 20 10 15 0 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 LP Distributions GP Distributions,…
  23. 4Q 2016 Earnings Call – Marathon Petroleum Corporation – slide 23
    24

From the store

Browse maps, data & reports in the Shale Experts store