Marathon Petroleum Sees Q2 Below View - Quick Facts

(RTTNews) - Marathon Petroleum Corp. (MPC) Monday said refining and marketing segment results are expected to be hurt by lower crude oil price differentials and product realizations. The company provided a second-quarter outlook, which is currently below Street expectations.

For the second-quarter, the company projects earnings in the range of $570 million to $600 million, or $1.75 to $1.85 per share. Analysts currently expect second-quarter earnings of $2.64 per share. Analysts' estimates typically exclude special items.

The guidance assumes after-tax charges of approximately $39 million, or $0.12 per share, related to pension settlement expenses.