Marathon's Q3 Performance Surges Above Forecasts, But Analyst Flags Caution On Mid-Con Outlook For Q4
Marathon's Q3 Performance Surges Above Forecasts, But Analyst Flags Caution On Mid-Con Outlook For Q4
The analyst expects results to positively impact near-term share price performance, with refining operations performing strongly. Throughput, unit cost, margin capture, and turnaround expenses all exceeded expectations.Marathon Petroleum Corporation (NYSE:MPC) shares are trading higher on Wednesday. Scotiabank analyst Paul. Y. Cheng, with a Sector Outperform rating and a $170 price target, shared views on third-quarter results reported yesterday.
馬拉松原油公司（紐交所：MPC）股價週三上漲。Scotiabank 分析師 Paul. Y. Cheng 給予板塊表現優於評級和目標價爲170美元的觀點，對昨日公佈的季度報告做出了評論。
On Tuesday, Marathon Petroleum reported revenue of $35.4 billion, topping estimates. Adjusted EPS was $1.87 vs. $0.98 expected.
週二，馬拉松原油報告營業收入爲354億美元，超過預期。調整後每股收益爲1.87美元，預期爲0.98美元。
Marathon Petroleum expects fourth-quarter Refining operating costs per barrel of $5.50 and Refinery throughputs of 2,880 mbpd.
馬拉松原油預計第四季度精煉運營成本每桶5.50美元，精煉吞吐量爲2,880 mbpd。
The analyst expects results to positively impact near-term share price performance, with refining operations performing strongly. Throughput, unit cost, margin capture, and turnaround expenses all exceeded expectations.
分析師預計結果將積極影響近期股價表現，精煉業務表現強勁。通過量、單位成本、利潤率和週轉費用均超出預期。
Cheng notes robust commercial operations and efficient turnaround execution were key contributors to the beat.
Cheng 指出強勁的商業運營和高效的週轉執行是超出預期的關鍵因素。
This marks the second consecutive quarter of better-than-expected margin capture, which could renew the shares' momentum, adds the analyst.
這標誌着優於預期利潤率連續第二個季度，可能會再次推動股價動能，分析師補充道。
However, Cheng says that the fourth-quarter outlook is weaker than anticipated, with throughput outlook below their previous estimate of 2,970 mbbl/d.
然而，Cheng 表示，第四季度展望較預期較弱，吞吐量預期低於他們此前對每日2,970 mbbl 的估計。
The Mid-Con region is expected to underperform relative to their expectations, adds the analyst.
該分析師補充說，中部地域板塊預計將低於他們的預期。
Investors can gain exposure to the stock via iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) and VanEck Oil Refiners ETF (NYSE:CRAK).
投資者可以通過iShares U.S. Oil & Gas Exploration & Production ETF（BATS：IEO）和VanEck Oil Refiners ETF（NYSE：CRAK）獲得該股票的投資收益。
Price Action: MPC shares are up 3.49% at $154.78 at the last check Wednesday.
價格走勢：馬拉松原油的股票在最後的週三檢查時上漲了3.49％，報收154.78美元。
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譯文內容由第三人軟體翻譯。