Marathon reports earnings up in first quarter

Speedway Coorporate Headquarters in Enon. Bill Lackey/Staff

Speedway Coorporate Headquarters in Enon. Bill Lackey/Staff
By Matt Sanctis
April 27, 2017
X

Marathon Petroleum Corp. reported $30 million in first quarter earnings this morning, which company executives said included solid contributions from the company’s Speedway segment, which is headquartered in Clark County.

The first quarter earnings were up significantly compared to the same time last year, when the company reported earnings of $1 million. The company’s Speedway segment provided $135 million in earnings, as demand for gasoline improved late in the quarter entering the summer driving season, according to information from the company.

Speedway’s first quarter results were down about 20 percent compared to the first quarter last year, primarily due to the absence of a $24 million gain from the sale of a retail location in the first quarter of 2016, according to information from the company.

Speedway’s corporate headquarters is based in Enon, and the company is one of Clark County’s largest employers with about 1,350 workers locally and about 33,820 nationally.

FIVE QUICK BUSINESS READS:

ExploreMarathon review of Enon-based Speedway could include spin-off
ExploreEnon-based Speedway finalizes deal with Hess
ExploreSpeedway adds jobs, moves forward one year after $2.8B Hess deal
ExplorePipeline protesters gather at Speedway’s Enon HQ
ExploreSpringfield sites among first to get designations that may add jobs
In Other News
1
Who was George Rogers Clark? Meet the namesake of Clark County who won...
2
Miami County absentee ballots experienced delays
3
Matria Patisserie at 2nd Street Market features handmade croissants
4
‘The nurse practitioner will see you now:’ Local patients being seen by...
5
WATCH: Reporter goes to scariest haunted house in the region

About the Author

Matt Sanctis