Subtext

Marathon Petroleum Corporation MPC

SectorEnergy
Transcripts52
Date range2012-05-01 – 2025-05-06
Calls charted52

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-14-7+0+7+142012 Q12013 Q42015 Q32017 Q22019 Q22021 Q12022 Q42024 Q32012 Q1 · Overall: -1.82012 Q2 · Overall: +0.02012 Q3 · Overall: +1.32012 Q4 · Overall: +9.12013 Q1 · Overall: +3.22013 Q2 · Overall: -1.42013 Q3 · Overall: +1.62013 Q4 · Overall: +4.42014 Q1 · Overall: +5.72014 Q2 · Overall: +8.22014 Q3 · Overall: +4.52014 Q4 · Overall: +7.02015 Q1 · Overall: +4.52015 Q2 · Overall: +10.52015 Q3 · Overall: +6.52015 Q4 · Overall: +1.82016 Q1 · Overall: +3.82016 Q2 · Overall: +9.12016 Q3 · Overall: +3.72016 Q4 · Overall: +4.22017 Q1 · Overall: +5.32017 Q2 · Overall: +1.72017 Q3 · Overall: +8.82017 Q4 · Overall: +7.12018 Q2 · Overall: +9.92018 Q3 · Overall: +8.92018 Q4 · Overall: +4.92019 Q1 · Overall: +7.22019 Q2 · Overall: +7.02019 Q3 · Overall: +8.02019 Q4 · Overall: +4.92020 Q1 · Overall: +0.52020 Q2 · Overall: +6.02020 Q3 · Overall: +1.42020 Q4 · Overall: +6.62021 Q1 · Overall: +2.02021 Q2 · Overall: +0.02021 Q3 · Overall: +4.62021 Q4 · Overall: +4.92022 Q1 · Overall: -1.92022 Q2 · Overall: +6.52022 Q3 · Overall: +7.02022 Q4 · Overall: +4.62023 Q1 · Overall: +3.62023 Q2 · Overall: +4.72023 Q3 · Overall: +4.22023 Q4 · Overall: +10.92024 Q1 · Overall: +1.92024 Q2 · Overall: +10.12024 Q3 · Overall: +11.92024 Q4 · Overall: +10.52025 Q1 · Overall: +7.6
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-26-13+0+13+262012 Q12013 Q42015 Q32017 Q22019 Q22021 Q12022 Q42024 Q32012 Q1 · CEO: +8.82012 Q2 · CEO: +6.42012 Q3 · CEO: +11.12012 Q4 · CEO: +19.52013 Q1 · CEO: +11.52013 Q2 · CEO: +5.42013 Q3 · CEO: +11.42013 Q4 · CEO: +10.22014 Q1 · CEO: +16.42014 Q2 · CEO: +19.72014 Q3 · CEO: +14.72014 Q4 · CEO: +12.52015 Q1 · CEO: +11.72015 Q2 · CEO: +17.22015 Q3 · CEO: +12.52015 Q4 · CEO: +10.92016 Q1 · CEO: +13.52016 Q2 · CEO: +19.12016 Q3 · CEO: +9.72016 Q4 · CEO: +6.52017 Q1 · CEO: +16.22017 Q2 · CEO: +10.72017 Q3 · CEO: +18.72017 Q4 · CEO: +14.22018 Q2 · CEO: +21.42018 Q3 · CEO: +14.62018 Q4 · CEO: +22.92019 Q1 · CEO: +14.02019 Q2 · CEO: +15.72019 Q3 · CEO: +15.22019 Q4 · CEO: +17.62020 Q1 · CEO: +7.42020 Q2 · CEO: +14.82020 Q3 · CEO: +4.22020 Q4 · CEO: +13.42021 Q1 · CEO: +9.02021 Q2 · CEO: +1.02021 Q3 · CEO: +7.22021 Q4 · CEO: +8.22022 Q1 · CEO: +6.72022 Q2 · CEO: +15.92022 Q3 · CEO: +12.22022 Q4 · CEO: +18.52023 Q1 · CEO: +16.02023 Q2 · CEO: +14.82023 Q3 · CEO: +15.52023 Q4 · CEO: +17.12024 Q2 · CEO: +20.92024 Q3 · CEO: +21.02024 Q4 · CEO: +17.52025 Q1 · CEO: +14.72012 Q1 · CFO: -10.62012 Q2 · CFO: +2.62012 Q3 · CFO: +2.42012 Q4 · CFO: +5.12013 Q1 · CFO: +5.82013 Q2 · CFO: +0.72013 Q3 · CFO: +2.42013 Q4 · CFO: +8.12014 Q1 · CFO: -0.62014 Q2 · CFO: +7.92014 Q3 · CFO: +3.82014 Q4 · CFO: +5.02015 Q1 · CFO: +3.32015 Q2 · CFO: +11.72015 Q3 · CFO: +4.62015 Q4 · CFO: +5.22016 Q2 · CFO: +0.62016 Q3 · CFO: +2.52016 Q4 · CFO: +2.52017 Q1 · CFO: -2.72017 Q2 · CFO: +0.02017 Q3 · CFO: +1.12017 Q4 · CFO: +6.02018 Q2 · CFO: +5.92018 Q3 · CFO: +8.02018 Q4 · CFO: +2.12019 Q1 · CFO: -1.52019 Q2 · CFO: +2.72019 Q3 · CFO: +9.42019 Q4 · CFO: -2.62020 Q1 · CFO: -1.32020 Q2 · CFO: -4.12020 Q3 · CFO: +1.72020 Q4 · CFO: +0.02021 Q1 · CFO: -6.12021 Q2 · CFO: +1.12021 Q3 · CFO: +8.92021 Q4 · CFO: +8.02022 Q1 · CFO: -5.72022 Q2 · CFO: +7.52022 Q3 · CFO: +6.62022 Q4 · CFO: +4.72023 Q1 · CFO: +0.52023 Q2 · CFO: +5.42023 Q3 · CFO: +2.32023 Q4 · CFO: +6.62024 Q2 · CFO: +6.22024 Q3 · CFO: +11.52024 Q4 · CFO: +7.52025 Q1 · CFO: +1.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-30-15+0+15+302012 Q12013 Q42015 Q32017 Q22019 Q22021 Q12022 Q42024 Q32012 Q1 · Prepared remarks: +0.02012 Q2 · Prepared remarks: +4.62012 Q3 · Prepared remarks: +8.52012 Q4 · Prepared remarks: +14.62013 Q1 · Prepared remarks: +11.22013 Q2 · Prepared remarks: +3.22013 Q3 · Prepared remarks: +6.12013 Q4 · Prepared remarks: +11.52014 Q1 · Prepared remarks: +8.82014 Q2 · Prepared remarks: +11.52014 Q3 · Prepared remarks: +8.22014 Q4 · Prepared remarks: +10.42015 Q1 · Prepared remarks: +15.92015 Q2 · Prepared remarks: +14.32015 Q3 · Prepared remarks: +11.62015 Q4 · Prepared remarks: +10.12016 Q1 · Prepared remarks: +8.72016 Q2 · Prepared remarks: +11.02016 Q3 · Prepared remarks: +9.22016 Q4 · Prepared remarks: +8.32017 Q1 · Prepared remarks: -1.12017 Q2 · Prepared remarks: +6.32017 Q3 · Prepared remarks: +6.12017 Q4 · Prepared remarks: +8.12018 Q2 · Prepared remarks: +16.42018 Q3 · Prepared remarks: +11.62018 Q4 · Prepared remarks: +8.72019 Q1 · Prepared remarks: +13.92019 Q2 · Prepared remarks: +18.52019 Q3 · Prepared remarks: +16.52019 Q4 · Prepared remarks: +11.32020 Q1 · Prepared remarks: +12.22020 Q2 · Prepared remarks: +20.72020 Q3 · Prepared remarks: +2.72020 Q4 · Prepared remarks: +25.92021 Q1 · Prepared remarks: -1.42021 Q2 · Prepared remarks: +3.02021 Q3 · Prepared remarks: +9.02021 Q4 · Prepared remarks: +10.32022 Q1 · Prepared remarks: +1.12022 Q2 · Prepared remarks: +10.22022 Q3 · Prepared remarks: +12.32022 Q4 · Prepared remarks: +14.82023 Q1 · Prepared remarks: +12.72023 Q2 · Prepared remarks: +18.02023 Q3 · Prepared remarks: +9.82023 Q4 · Prepared remarks: +18.32024 Q1 · Prepared remarks: +23.22024 Q2 · Prepared remarks: +17.92024 Q3 · Prepared remarks: +23.72024 Q4 · Prepared remarks: +18.62025 Q1 · Prepared remarks: +14.62012 Q1 · Q&A responses: +2.62012 Q2 · Q&A responses: +4.62012 Q3 · Q&A responses: +0.32012 Q4 · Q&A responses: +6.32013 Q1 · Q&A responses: +2.52013 Q2 · Q&A responses: -1.82013 Q3 · Q&A responses: +6.02013 Q4 · Q&A responses: +5.32014 Q1 · Q&A responses: +7.12014 Q2 · Q&A responses: +11.02014 Q3 · Q&A responses: +7.42014 Q4 · Q&A responses: +6.02015 Q1 · Q&A responses: +3.42015 Q2 · Q&A responses: +13.82015 Q4 · Q&A responses: +4.72016 Q1 · Q&A responses: +5.62016 Q2 · Q&A responses: +13.72016 Q3 · Q&A responses: +2.82016 Q4 · Q&A responses: +6.02017 Q1 · Q&A responses: +13.52017 Q2 · Q&A responses: +1.22017 Q3 · Q&A responses: +15.42017 Q4 · Q&A responses: +8.92018 Q2 · Q&A responses: +9.32018 Q3 · Q&A responses: +12.52018 Q4 · Q&A responses: +4.62019 Q1 · Q&A responses: +7.72019 Q2 · Q&A responses: +6.92019 Q3 · Q&A responses: +6.52019 Q4 · Q&A responses: +3.42020 Q1 · Q&A responses: +0.32020 Q2 · Q&A responses: +7.02020 Q3 · Q&A responses: +3.42020 Q4 · Q&A responses: +9.42021 Q1 · Q&A responses: +4.62021 Q2 · Q&A responses: +0.32021 Q3 · Q&A responses: +4.92021 Q4 · Q&A responses: +6.82022 Q1 · Q&A responses: +1.52022 Q2 · Q&A responses: +8.62022 Q3 · Q&A responses: +7.62022 Q4 · Q&A responses: +2.12023 Q1 · Q&A responses: +5.32023 Q2 · Q&A responses: +5.12023 Q3 · Q&A responses: +4.12023 Q4 · Q&A responses: +9.32024 Q1 · Q&A responses: +2.12024 Q2 · Q&A responses: +11.92024 Q3 · Q&A responses: +13.42024 Q4 · Q&A responses: +10.22025 Q1 · Q&A responses: +5.9
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-2.61$8.70$20.012012 Q12013 Q42015 Q32017 Q22019 Q22021 Q12022 Q42024 Q32014 Q1: $4.762014 Q2: $4.722014 Q3: $4.392014 Q4: $4.132015 Q1: $4.672015 Q2: $5.262015 Q3: $5.012015 Q4: $5.432016 Q1: $4.372016 Q2: $3.652016 Q3: $3.182016 Q4: $3.342017 Q1: $3.202017 Q2: $3.302017 Q3: $3.392017 Q4: $4.392018 Q2: $5.522018 Q3: $6.732018 Q4: $7.442019 Q1: $7.022019 Q2: $6.502019 Q3: $6.522019 Q4: $7.412020 Q1: $5.142020 Q2: $-0.042020 Q3: $-0.422020 Q4: $-1.052021 Q1: $0.472021 Q2: $2.232021 Q3: $2.672021 Q4: $4.122022 Q1: $5.072022 Q2: $9.642022 Q3: $14.102022 Q4: $14.642023 Q1: $18.452023 Q2: $15.742023 Q3: $16.962023 Q4: $15.312024 Q1: $15.492024 Q2: $16.912024 Q3: $12.95

Forward P/E

-17.21131.18279.572012 Q12013 Q42015 Q32017 Q22019 Q22021 Q12022 Q42024 Q32014 Q1: 9.622014 Q2: 9.382014 Q3: 10.032014 Q4: 10.262015 Q1: 10.822015 Q2: 9.752015 Q3: 9.312015 Q4: 9.152016 Q1: 8.782016 Q2: 9.102016 Q3: 13.172016 Q4: 14.502017 Q1: 16.132017 Q2: 16.172017 Q3: 15.712017 Q4: 14.612018 Q2: 13.572018 Q3: 11.972018 Q4: 7.882019 Q1: 8.492019 Q2: 7.652019 Q3: 8.242019 Q4: 8.222020 Q1: 3.262020 Q2: 19.132020 Q3: 259.102021 Q1: 120.882021 Q2: 28.442021 Q3: 22.292021 Q4: 15.172022 Q1: 14.772022 Q2: 10.262022 Q3: 6.972022 Q4: 7.582023 Q1: 6.652023 Q2: 7.092023 Q3: 9.162023 Q4: 9.582024 Q1: 12.192024 Q2: 10.202024 Q3: 12.72

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↑ +2.6 fwd EPS ↓ -0.26 Tone rose while the forward EPS estimate was cut.
  • 2015 Q1 tone ↓ -2.6 fwd EPS ↑ +0.54 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↓ -4.7 fwd EPS ↑ +0.42 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↑ +2.0 fwd EPS ↓ -1.06 Tone rose while the forward EPS estimate was cut.
  • 2016 Q2 tone ↑ +5.3 fwd EPS ↓ -0.72 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↓ -3.6 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -4.0 fwd EPS ↑ +0.71 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↑ +2.2 fwd EPS ↓ -0.42 Tone rose while the forward EPS estimate was cut.
  • 2019 Q4 tone ↓ -3.1 fwd EPS ↑ +0.89 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +5.5 fwd EPS ↓ -5.18 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↑ +5.2 fwd EPS ↓ -0.63 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↓ -4.6 fwd EPS ↑ +1.52 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -6.8 fwd EPS ↑ +0.95 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↓ -2.4 fwd EPS ↑ +0.54 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↑ +6.7 fwd EPS ↓ -1.65 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↓ -9.0 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-06+7.6——View →
2024 Q42025-02-04+10.5——View →
2024 Q32024-11-05+11.9$12.9512.7View →
2024 Q22024-08-06+10.1$16.9110.2View →
2024 Q12024-04-30+1.9$15.4912.2View →
2023 Q42024-01-30+10.9$15.319.6View →
2023 Q32023-10-31+4.2$16.969.2View →
2023 Q22023-08-01+4.7$15.747.1View →