Business Context and Reporting Period
Company: Marathon Petroleum Corporation (MPC)
Filing Type: Form 8-K (Current Report)
Date of Report: August 1, 2019
Reporting Period: Second Quarter 2019 earnings announcement.
Key Financial Metrics
The provided filing text serves as a notification of the earnings release and does not contain specific financial data points. The following metrics are referenced but not quantified in this document:
- Revenue, Profit, Cash Flow, Margins: Not provided in this text; details are contained in the referenced Press Release (Exhibit 99.1).
- Debt and Liquidity: Not provided in this text.
Material Changes
The filing does not detail specific material changes in financial performance versus prior periods. It notes the issuance of the Q2 2019 earnings press release and an update to the format of financial and statistical market data disclosures.
Guidance, Outlook, and Management Commentary
Disclosure Format Update: MPC announced a change in how it provides financial and statistical market data. Going forward, the company intends to update this information on its Investor Relations website no later than the close of business on the second business day following the end of each month, with potential for one to two additional updates within the month.
Exhibits: The Q2 2019 Conference Call presentation (Exhibit 99.2) contains the new data format and is incorporated by reference.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q2 2019 revenue, net income, and earnings per share figures.
- Examine Exhibit 99.2 (Conference Call Presentation) for the new format of market data and management commentary on operational performance.
- Verify the updated disclosure schedule on the MPC Investor Relations website for monthly data updates.
- Note that information in the press release and presentation is furnished but not deemed "filed" under Section 18 of the Exchange Act unless expressly stated otherwise.