Marathon Oil Q4 Profit Plummets 41%; Adjusted Net Misses View, Revenue Beats (MRO)

Marathon Oil Q4 Profit Plummets 41%; Adjusted Net Misses View, Revenue Beats (MRO)


On Wednesday oil and gas refining and marketing company Marathon Oil Corporation (MRO) saw a steep 41% drop in fourth quarter profit despite higher revenues.

The Houston-based company reported its fourth-quarter net income of $322 million, or 45 cents per share, down from $549 million, or 78 cents per share, in the same quarter a year earlier.

Adjusting for certain items, net income from continuing operations was $388 million, or 55 cents per share, versus an adjusted net income of $522 million, or 78 cents per share, last year. Analysts, according to Thomson Reuters, were expecting adjusted ESP to be 67 cents in the quarter.

Despite a drop in net income, revenue was up in the quarter to $4.236 billion from $3.809 billion a year ago. Analysts had a consensus view that MRO would post revenues of $3.93 billion.

The company’s earnings were negatively impacted by low earnings in the exploration and production segment and higher tax provisions.

Marathon Oil shares were down 56 cents, or -1.61%, during pre-market trading on Wednesday. The stock is up +3.8% in the trailing twelve months.

The Bottom Line
Shares of Marathon Oil (MRO) have a dividend yield of 1.95% based on Wednesday’s intraday trading price of $33.91 and the company’s annualized dividend yield of 66 cents per share.

Marathon Oil Corporation (MRO) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today