Skip to main content 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation | Shale Experts
Loading...
Pm

1Q 2019 Earnings Presentation – Marathon Petroleum Corporation

Marathon Petroleum Corporation · May 8, 2019 · 24 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. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 1
    First Quarter 2019 Conference Call May 8, 2019
  2. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 2
    Strategic Overview & Updates 3
  3. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 3
    First Quarter Highlights Millions (unless otherwise noted) 1Q19 Net Loss (7) Income from Operations 669 Cash from Operations, excluding Working Capital 1,153 Adjusted EBITDA(a) 1,472 Capital Expenditures(b) 1,331 Share…
  4. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 4
    Earnings(a) 1Q 2019 vs. 1Q 2018 Variance Analysis 300 +14 Income (loss) from Operations +75 1Q19 1Q18 250 by Segment ( Millions) 200 +341 Refining & Marketing (334) (133) 150 Midstream 908 567 -123 100 Retail 170 95 MM 50…
  5. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 5
    Total Consolidated Cash Flow 1Q 2019 4,500 4,000 +573 3,500 +470 3,000 +1,153 2,500 MM -1,566 2,000 1,687 1,500 1,000 +29 877 -1,239 -230 500 0 12/31/2018 Operating Cash Working Net Debt Capital Return of Net…
  6. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 6
    Realized Synergies 1st Quarter 2019 133 million of realized synergies in 1Q19 Refining & Marketing = 89 million Refining = 55 million Crude oil supply and logistics = 30 million Marketing / Other = 4 million Corporate = 29…
  7. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 7
    Regional Margins Beginning 1Q19, Refining & Marketing margin(a) by region is now being provided Region R&M Margin(a) (/bbl) Gulf Coast 7.82 Mid-Continent 15.26 West Coast 10.94 Refining & Marketing Margin(a) 11.17 Due to…
  8. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 8
    Second-Quarter 2019 Outlook Other Corporate Turnaround Depreciation Other Total Crude Charge/ Total Sweet Sour and Other and Major and Manufacturing Direct Throughput 1 Feedstocks Throughput 1 Crude Crude Unallocated Maintenance…
  9. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 9
    Questions & Answers Strategic Overview
  10. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 10
    Appendix 11
  11. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 11
    Adjusted EBITDA(a) 1Q 2019 vs. 1Q 2018 Variance Analysis 1,800 1,600 +122 1,472 +467 1,400 -59 1,200 968 1,000 MM -26 800 600 400 200 0 1Q 2018 Refining & Midstream Retail Items not 1Q 2019 Marketing Allocated…
  12. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 12
    Refining & Marketing Segment Income 1Q 2019 vs. 1Q 2018 Variance Analysis 2,000 1,500 Volume Effect +47 +367 1,000 +793 -120 MM -97 500 +555 -809 -259 0 -133 -678 -334 -500 1Q 2018 Mid-Con USGC West Coast Sour…
  13. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 13
    Refining & Marketing Indicative Margin 1Q 2019 4,000 +418 +36 +412 3,100 3,000 -344 2,578 2,000 MM 1,000 -2,126 0 -1,308 -334 -1,000 Blended Crack Sweet Sour Market Other R&M Direct Other R&M Spread Differential…
  14. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 14
    Midstream Segment Income 1Q 2019 vs. 1Q 2018 Variance Analysis 1,000 +220 908 800 +121 600 567 MM 400 200 0 1Q 2018 MPLX ANDX 1Q 2019 (a) (a) Andeavor Logistics LP, acquired by Marathon on October 1, 2018 15
  15. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 15
    Retail Segment Income 1Q 2019 vs. 1Q 2018 Variance Analysis 600 +88 400 +39 MM +173 200 +21 170 -199 95 -47 0 1Q 2018 Fuel Fuel Merchandise Operating Depreciation Other 1Q 2019 Volume Margin Margin Expense…
  16. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 16
    Capitalization and Select Balance Sheet Data MPC As of March 31, 2019 MPC MPLX ANDX Excluding Consolidated Adjustments Adjustments(a) (a) MPLX & (MM except ratio data) ANDX Total Debt 28,115 13,833 5,132 9,150 Total Equity (b)…
  17. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 17
    Earnings 2018 2019 (MM unless otherwise noted) 1Q 2Q 3Q 4Q 1Q Refining & Marketing segment income (loss) (133) 1,025 666 923 (334) Retail segment income 95 159 161 613 170 Midstream segment income 567 617 679 889 908 Corporate and…
  18. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 18
    Reconciliation Net Income Attributable to MPC to Adjusted EBITDA and LTM Adjusted Pro Forma EBITDA (MM) 2Q 18 3Q 18 4Q 18 1Q 19 LTM Net Income (loss) attributable to MPC 1,055 737 951 (7) 2,736 Add: Net interest and other financial…
  19. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 19
    Reconciliation MPLX Net Income to Adjusted EBITDA Related to MPLX 2018 2019 (MM) LTM 2Q 3Q 4Q 1Q MPLX Net Income 456 516 439 509 1,920 Add: Net interest and other financial costs 151 153 227 171 702 Provision (benefit) for…
  20. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 20
    Reconciliation ANDX Net Income to Adjusted EBITDA Related to ANDX 2018 2019 (MM) LTM 2Q 3Q 4Q 1Q ANDX Net Income 132 166 171 157 626 Add: Net interest and other financial costs 60 57 61 61 239 Provision (benefit) for income…
  21. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 21
    Reconciliation Cash Provided by (used in) Operations to Operating Cash Flow Before Changes in Working Capital 2018 2019 (MM) 2Q 3Q 4Q 1Q Cash provided by (used in) operations 2,386 1,182 2,727 1,623 Less changes in working…
  22. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 22
    Reconciliation Refining & Marketing Income from Operations to Refining & Marketing Margin (MM) 1Q 2019 1Q 2018 Refining & Marketing loss from operations (334) (133) Plus: Refinery direct operating costs(a) 1,739 1,081…
  23. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 23
    Reconciliation Retail Income from Operations to Retail Total Margin (MM) 1Q 2019 1Q 2019 Retail income from operations 170 95 Plus (Less): Operating, selling, general and administrative expenses 583 384 Depreciation and…
  24. 1Q 2019 Earnings Presentation – Marathon Petroleum Corporation – slide 24
    25 25

From the store

Browse maps, data & reports in the Shale Experts store