Marathon Petroleum Q3 Profit Slumps - Quick Facts

(RTTNews) - Marathon Petroleum Corp. (MPC) reported a sharp plunge in third-quarter 2013 earnings to $168 million, or $0.54 per share, from $1.22 billion, or $3.59 per share, in the 2012 period. For the quarter, adjusted earnings amounted to $183 million, or $0.59 per share. On average, 18 analysts polled by Thomson Reuters expected earnings per share of $2.15 for the quarter. Analysts' estimates typically exclude one-time items.

Total income from operations was $301 million this quarter, a sharp fall from the previous year's $1.9 billion.

Total revenues and other income, however, improved to $26.27 billion, from $21.25 billion a year earlier. Four analysts estimated revenues of $24.84 billion for the quarter.

During the quarter, the company returned nearly $1.2 billion of capital to its shareholders via. a combination of dividends and share repurchases.