Marathon Petroleum (MPC) official guidance

MPC’s 2026 capital spending outlook (excluding MPLX) is $1.5 billion.

MPLX is increasing its 2026 growth capital spending outlook by $500 million, to $2.9 billion, primarily reflecting the accelerated execution of the Gulf Coast fractionation project to meet global demand for U.S. energy.

Approximately 65% of its overall capital spending is focused on value-enhancing investments and 35% on sustaining operations.

Approximately 65% of its overall capital spending is focused on value-enhancing investments and 35% on sustaining operations.

| Corporate (includes $30 million of D&A) | $ | 260 |

| Crude oil refined | | 2,820 |

| Depreciation and amortization (in millions) | $ | 390 |

| Distribution costs (in millions) | $ | 1,650 |

Advancing MPLX Natural Gas and NGL value chain growth strategy, expected to support 12.5% annual distribution growth in 2026 and 2027

MPLX plans to invest over 90% of organic growth capital toward opportunities to meet growing natural gas and NGL infrastructure needs.

| Other charge and blendstocks | | 185 |

| Refining planned turnaround costs (in millions) | $ | 290 |

| Total | | 3,005 |

| Refining operating costs per barrel(a) | $ | 5.60 |

MPLX expects to deliver 12.5% distribution growth for the next two years, underpinned by mid-single-digit adjusted EBITDA growth.

Our Robinson jet flexibility investment is expected to come online in the third quarter, enabling approximately 10,000 bpd of incremental jet fuel production and helping to address growing regional demand.

Refining turnaround cost totaled $530 million in the first quarter. We safely completed roughly 40% of our full-year activity. Our full-year outlook remains unchanged at $1.35 billion.

In the Northeast, Harmon Creek 3 remains on track for startup in the third quarter, bringing regional system processing capacity to 8.1 billion cu ft per day.

In the Permian Secretariat, one processing plant has entered service and is expected to ramp steadily over the next nine to 12 months, increasing regional system processing capacity to 1.4 billion cu ft per day.

For our second quarter guidance, you're right. As you can see, we are planning for utilization at about 94%.