Marathon Petroleum (MPC) Tax Provisions (2010 - 2026)
Marathon Petroleum (MPC) posted Tax Provisions of $183.0 million for Q1 2026, down 50.81% sequentially from $372.0 million in Q4 2025, and up 394.59% YoY from $37.0 million in Q1 2025.
Marathon Petroleum (MPC) Tax Provisions (2010 - 2026) Analysis & Trends
Marathon Petroleum has reported Tax Provisions for 17 years, with the latest figure at $183.0 million in Q1 2026.
- Quarterly Tax Provisions rose 394.59% year-over-year to $183.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 102.37% YoY) and the FY2025 annual result came in at $1.1 billion, up 27.75% from the prior year.
- Tax Provisions declined to $183.0 million in Q1 2026 per MPC's latest filing, from $372.0 million in the prior quarter.
- Over five years, Tax Provisions peaked at $1.8 billion in Q2 2022 and troughed at $37.0 million in Q1 2025.
- A 5-year average of $558.1 million and a median of $373.0 million in 2024 frame the typical range for Tax Provisions.
- The sharpest annual moves came in 2022 and 2024: Tax Provisions surged 35880.0% in 2022, then plunged 88.7% in 2024.
- Over 5 years, Tax Provisions stood at $984.0 million in 2022, then slumped by 58.64% to $407.0 million in 2023, then slumped by 72.73% to $111.0 million in 2024, then soared by 235.14% to $372.0 million in 2025, then tumbled by 50.81% to $183.0 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $183.0 million, $372.0 million, and $460.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 95.66 Bn | 87.89 Bn | 9.27 Bn | 1.44 Bn |
| 2 | Valero Energy | 94.75 Bn | 86.88 Bn | 5.47 Bn | 1.09 Bn |
| 3 | Phillips 66 | 89.01 Bn | 84.91 Bn | 8.38 Bn | 1.09 Bn |
| 4 | HF Sinclair | 15.53 Bn | 13.27 Bn | 1.57 Bn | 279.00 Mn |
| 5 | Sunoco | 10.05 Bn | 9.28 Bn | 1.46 Bn | 79.00 Mn |
| 6 | PBF Energy | 8.17 Bn | 7.28 Bn | 1.15 Bn | 314.20 Mn |
| 7 | Cosan | 6.54 Bn | 1.43 Bn | 552.94 Mn | 617.16 Mn |
| 8 | Ultrapar Holdings | 6.44 Bn | 4.72 Bn | 603.08 Mn | 268.29 Mn |
| 9 | Icahn Enterprises | 5.02 Bn | 3.05 Bn | 198.00 Mn | 2.00 Mn |
| 10 | Delek US Holdings | 3.90 Bn | 3.27 Bn | 365.10 Mn | 41.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.44 Bn |
| Mar 31, 2026 | 183.00 Mn |
| Dec 31, 2025 | 372.00 Mn |
| Sep 30, 2025 | 460.00 Mn |
| Jun 30, 2025 | 268.00 Mn |
| Mar 31, 2025 | 37.00 Mn |
| Dec 31, 2024 | 111.00 Mn |
| Sep 30, 2024 | 113.00 Mn |
| Jun 30, 2024 | 373.00 Mn |
| Mar 31, 2024 | 293.00 Mn |
| Dec 31, 2023 | 407.00 Mn |
| Sep 30, 2023 | 1.00 Bn |
| Jun 30, 2023 | 583.00 Mn |
| Mar 31, 2023 | 823.00 Mn |
| Dec 31, 2022 | 984.00 Mn |
| Sep 30, 2022 | 1.40 Bn |
| Jun 30, 2022 | 1.80 Bn |
| Mar 31, 2022 | 282.00 Mn |
| Dec 31, 2021 | 243.00 Mn |
| Sep 30, 2021 | -18.00 Mn |