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, 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.
马拉松原油公司（纽交所：MPC）股价周三上涨。Scotiabank 分析师 Paul. Y. Cheng 给予板块表现优于评级和目标价为170美元的观点，对昨日公布的季度报告做出了评论。
On Tuesday, Marathon Petroleum reported revenue of $35.4 billion, topping estimates. Adjusted EPS was $1.87 vs. $0.98 expected.
周二，马拉松原油报告营业收入为354亿美元，超过预期。调整后每股收益为1.87美元，预期为0.98美元。
Marathon Petroleum expects fourth-quarter Refining operating costs per barrel of $5.50 and Refinery throughputs of 2,880 mbpd.
马拉松原油预计第四季度精炼运营成本每桶5.50美元，精炼吞吐量为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.
分析师预计结果将积极影响近期股价表现，精炼业务表现强劲。通过量、单位成本、利润率和周转费用均超出预期。
Cheng notes robust commercial operations and efficient turnaround execution were key contributors to the beat.
Cheng 指出强劲的商业运营和高效的周转执行是超出预期的关键因素。
This marks the second consecutive quarter of better-than-expected margin capture, which could renew the shares' momentum, adds the analyst.
这标志着优于预期利润率连续第二个季度，可能会再次推动股价动能，分析师补充道。
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，第四季度展望较预期较弱，吞吐量预期低于他们此前对每日2,970 mbbl 的估计。
The Mid-Con region is expected to underperform relative to their expectations, adds the analyst.
该分析师补充说，中部地域板块预计将低于他们的预期。
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).
投资者可以通过iShares U.S. Oil & Gas Exploration & Production ETF（BATS：IEO）和VanEck Oil Refiners ETF（NYSE：CRAK）获得该股票的投资收益。
Price Action: MPC shares are up 3.49% at $154.78 at the last check Wednesday.
价格走势：马拉松原油的股票在最后的周三检查时上涨了3.49％，报收154.78美元。
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来自Shutterstock的Ground Picture拍摄的照片
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