PerpEquities

Equity · Energy

Marathon Petroleum (MPC) perpetual futures

MPC perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade MPCUSDT.

Marathon Petroleum is an integrated downstream energy company refining and marketing petroleum products and midstream services across the U.S.

$390.73-8.1%NYSE closed
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venue perp mark · BingX (MPC-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$364.5K
Open interest
$542.5K
Best liquidity
$1.2K
MEXC
Tightest spread
+178.5 bps
MEXC
Highest volume
$239.2K
BingX
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $1.6B
OI / float
0.00%
Float $109.4B
Spot performance
1D-8.11%
5D-9.73%
1M-7.02%
6M+55.49%
YTD+141.46%
1Y+113.67%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeMPC-USDTTrading$392.17-10.8% APR
-0.00990% every 8h
+180.8 bps$156.3$239.2K$3.5KUSDT-
MEXCTradeMPC/USDTTrading$390.73-15.4% APR
-0.014% every 8h
+178.5 bps$1.2K$125.2K$539KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 2 venues absorb $10k

No fresh book data: MEXC, BingX

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

MPC

Tightest spread

MPC

Highest volume

MPC

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-11-03 · next report 2027-02-02 · Updated 2h ago
All financials →

Valuation & key figures

Market cap
$110.3B
Updated 2h ago
Revenue
$175.2B
Trailing 12 months
Revenue growth
+36%
Next fiscal year
Profit margin
+8.4%
P/E
7.7
Peer P/E 12.7
P/S
0.6
Peer P/E
12.7
Similar listed perps
Free cash flow
$20.8B
Trailing 12 months
Net income
$14.6B
Trailing 12 months
Revenue estimate
$181.1B
Next fiscal year
Earnings
2027-02-02
Revenue est. $45.5B · Updated 2h ago
Dividend
$1.1
2026-11-18
Revenue (TTM)$175B+31.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)12.0%+8.4 pp vs a year agoOperating income $21B
Net income (TTM)$14.6B+407.5% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$20.8B+387.4% vs a year agoCapex $4.41B
Diluted EPS (TTM)$51.13+444.5% vs a year agoSum of the last 4 quarters
Net cash-$20.8B+33.9% vs a year agoCash + short-term investments - debt
  • Last report (2026-11-03): revenue beat by 21.2%, EPS beat by 6.1%Revenue $56.5B vs $46.6B expected (+21.2%); EPS $26.93 vs $25.37 (+6.1%).
  • Revenue growth accelerating: 61.0% year on yearQ3 '26 revenue $56B, against an average of 15.2% over the four quarters before.
  • Operating margin 12.0% (TTM), +8.4 pp on a year agoOperating income grew 344.1% while revenue grew 31.4%.
  • Capex 2.5% of revenue (a year ago 2.3%)$4.41B invested in the last 4 quarters (+41.5% on a year earlier). Free cash flow $20.8B = 142.5% of net income.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Refining And Marketing$53.1B+62.6%94.8%
Midstream$1.58B+8.8%2.8%
Renewable Diesel$1.36B+91.8%2.4%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 315 lines Marathon Petroleum Corporation reported to the SEC

Next catalyst

Catalysts

Earnings
2027-02-02
Revenue est. $45.5B · Updated 2h ago
Dividend
$1.1
2026-11-18

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202665.84$181.1B+36%5
FY 202759.23$167.4B+26%10
FY 202829.66$157.8B+19%5
FY 202937.48$162.3B+22%1
FY 203016.99$170.7B+29%1
Q1 202715.46$44.6B+29%13

Company events

6
2027-02-02EarningsActual - / Estimate 21.58-
2026-11-18Dividend$1.1-
2026-11-03Earnings · Before market openActual 26.93 / Estimate 25.37Beat
2026-08-19Dividend$1-
2026-08-04EarningsActual 17.73 / Estimate 14.27Beat
2026-05-20Dividend$1-

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 2, 2026, 02:50 PM UTC

Company profile

Sector
Energy
Industry
Oil & Gas Refining & Marketing
Chief executive
Maryann T. Mannen
Employees
18,500
IPO date
Jun 24, 2011
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei3.97
Piotroski scorei8/9
Overall ratingiB+
Owner earningsi$14.62B$50.24 per share
ESG risk ratingiBIndustry rank: 1 out of 20

Rating factors

Return on equityi
5
Return on assetsi
5
Debt to equityi
1
Price to earningsi
3
Price to booki
1
Market cap history
$129.42B+44.8%Aug 26 – Oct 26
$89.35B$113.59B$137.84BHigh: $137.84B · 2026-10-19Low: $89.35B · 2026-08-03Latest: $129.42B · 2026-10-30Aug 26Sep 26Oct 26
Latest: $129.42B · 2026-10-30High: $137.84B · 2026-10-19Low: $89.35B · 2026-08-03
Largest fund holders
FundWeightShares held
VTI0.15%8.9M
VOO0.17%7.4M
VO1.1%6M
XLE4.6%4.8M
IVV0.19%3.7M
1657.T0.15%3.7M
XSP.TO0.18%3.7M
XWD.TO0.13%3.7M
SPY0.18%3.4M
VCPA.S0.08%3.4M
FXAIX0.17%3.2M
AFTY1.96%2.9M

Analyst track record

How the analysts covering MPC have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings119337
Analysts2126
Buy / hold / sell82 / 36 / 1218 / 117 / 2
Upgrades / downgrades / initiations1 / 1 / 32 / 4 / 8
Price targets hit / missed96 / 22 (81%)300 / 22 (93%)
Avg. return after a rating (TipRanks)+58.3%+111.0%
Best / worst call+148.6% / -22.8%+220.4% / -22.8%

After buy calls on this stock: median 21-day move +4.1% vs S&P 500 +2.3% (n = 214)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Jason GabelmanTD Cowen92% hit rate on this stock · 12 targets measuredBuytarget $478Nov 4, 2026
  2. Justin JenkinsRaymond James88% hit rate on this stock · 8 targets measuredBuytarget $560Oct 19, 2026
  3. Paul ChengScotiabank83% hit rate on this stock · 18 targets measuredBuytarget $174Feb 27, 2026

Latest ratings

DateAnalystCallTarget
Nov 4, 2026Sergey PigarevFreedom Capital MarketsHoldMaintained$425
Nov 4, 2026Sergey PigarevFreedom Capital MarketsHoldMaintained$425
Nov 4, 2026Jason GabelmanTD CowenBuyMaintained$478
Nov 4, 2026Joe LaetschMorgan StanleyBuyMaintained$458
Nov 4, 2026Sam MargolinWells FargoBuyReiterated$564
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$150$200$250$300$350$400$450Dec 25 · Buy 11 · Hold 7 · Sell 0Dec 25Jan 26 · Buy 10 · Hold 6 · Sell 0Feb 26 · Buy 10 · Hold 6 · Sell 0Feb 26Mar 26 · Buy 10 · Hold 6 · Sell 0Apr 26 · Buy 11 · Hold 6 · Sell 0Apr 26May 26 · Buy 11 · Hold 6 · Sell 1Jun 26 · Buy 11 · Hold 6 · Sell 1Jun 26Jul 26 · Buy 13 · Hold 7 · Sell 1Aug 26 · Buy 11 · Hold 8 · Sell 0Aug 26Sep 26 · Buy 10 · Hold 9 · Sell 0Oct 26 · Buy 10 · Hold 8 · Sell 0Oct 26Nov 26 · Buy 10 · Hold 8 · Sell 0Dec 25 · avg. target $205Jan 26 · avg. target $200Feb 26 · avg. target $203Mar 26 · avg. target $220Apr 26 · avg. target $234May 26 · avg. target $251Jun 26 · avg. target $257Jul 26 · avg. target $281Aug 26 · avg. target $308Sep 26 · avg. target $355Oct 26 · avg. target $443Nov 26 · avg. target $443Dec 25 · month-end close $163Jan 26 · month-end close $176Feb 26 · month-end close $198Mar 26 · month-end close $244Apr 26 · month-end close $248May 26 · month-end close $249Jun 26 · month-end close $256Jul 26 · month-end close $316Aug 26 · month-end close $373Sep 26 · month-end close $395Oct 26 · month-end close $445Nov 26 · month-end close $445

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 5, 2026 · 119 ratings

Frequently asked questions

Where can I trade MPC perpetual futures?

Marathon Petroleum (MPC) perpetual futures trade on 2 crypto venues, including BingX, MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade MPC around the clock?

Yes. Unlike the underlying stock, MPC perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on MPC perpetuals?

Right now the MPC perp funding rate is -13.1% annualized (venue median), ranging from -15.4% to -10.8% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the MPC perp price compare to the Marathon Petroleum stock?

The venue-median MPC perp mark is $391.5 versus a reference stock price of $390.7, a basis of +0.2%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a MPC perpetual future?

A MPC perpetual is a derivative that tracks the price of Marathon Petroleum with no expiry date. It lets you take long or short exposure to Marathon Petroleum on crypto venues, around the clock.

What is MPCUSDT perpetual?

MPCUSDT is the symbol most crypto exchanges use for the Marathon Petroleum perpetual settled in USDT (Tether). It tracks the MPC share price through an index, trades 24/7 with leverage and never expires.

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