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Marathon Petroleum10-Q: Joint venture

MPC invests $62M in Martinez Renewables JV for Q1 turnaround costs

What happened

Marathon Petroleum is funding its Martinez Renewables joint venture with $62 million to cover turnaround costs, signaling a continued strategic commitment to the renewable diesel sector.

Source

SEC EDGARMay 5, 2026

Quarterly report (Form 10-Q)

Marathon Petroleum 10-Q

Filing excerpt

Excludes $62 million of funding to the Martinez Renewables JV due to turnaround costs in the first quarter of 2026 expected to be recovered through subsequent distributions from the JV during 2026.

sec.gov/Archives/edgar/data/1510295/000151029526000042/mpc-20260331.htmRead the full source

Other signals in this filing (5)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Joint venture

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/31
Filed
May 5, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$62M (Funding to Martinez Renewables JV for turnaround costs)

Details

CIK
1510295
Accession number
0001510295-26-000042
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
New entity needs
Signal category
Strategic

Topics and mentions

Technologies

  • Renewable Diesel

Extraction

Confidence
High
Relevance
80%
Sentiment
Neutral
Detected
May 12, 2026
signal_type
sec-10q
signal_subtype
jointVenture

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/aa164a46-63eb-491c-8cff-b9a6bd502943 returns this record as JSON. POST /v1/companies/enrich returns every signal for marathonpetroleum.com.

{
  "signal_id": "aa164a46-63eb-491c-8cff-b9a6bd502943",
  "signal_type": "sec-10q",
  "signal_subtype": "jointVenture",
  "detected_at": "2026-05-12T09:24:55.686+00:00",
  "company": {
    "name": "Marathon Petroleum",
    "domain": "marathonpetroleum.com"
  },
  "data": {
    "detail": "Marathon Petroleum is funding its Martinez Renewables joint venture with $62 million to cover turnaround costs, signaling a continued strategic commitment to the renewable diesel sector. This investment highlights a need for vendors specializing in plant maintenance, operational efficiency, and large-scale industrial project management.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "Funding to Martinez Renewables JV for turnaround costs",
      "dollar_millions": 62
    },
    "summary": "MPC invests $62M in Martinez Renewables JV for Q1 turnaround costs",
    "excerpts": "Excludes $62 million of funding to the Martinez Renewables JV due to turnaround costs in the first quarter of 2026 expected to be recovered through subsequent distributions from the JV during 2026.",
    "relevance": 0.8,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1510295/000151029526000042/mpc-20260331.htm",
    "filing_date": "2026-05-05",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "New entity needs",
    "signal_category": "strategic",
    "technologies_mentioned": [
      "Renewable Diesel"
    ]
  }
}

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