May 3, 2023 4:50 p.m | 1 min of reading
Marathon Oil (NYSE:MRO) reported its first quarter results on Wednesday, May 3, 2023 at 4:30 PM.
Here’s what investors need to know about the announcement.
Earnings
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Marathon Oil beat earnings estimates by 11.67%, with EPS of $0.67 compared to an estimate of $0.6.
Revenue was down $73.00 million from the same period last year.
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Past earnings performance
Last quarter, the company beat EPS by $0.04, followed by a 2.72% increase in the stock price the next day.
Here’s a look at Marathon Oil’s past performance:
| quarter | 4Q 2022 | 3Q 2022 | Q2 2022 | 1st quarter of 2022 |
|---|---|---|---|---|
| EPS estimate | 0.84 | 1.19 | 1.29 | 0.92 |
| Actual EPS | 0.88 | 1.24 | 1.32 | 1.02 |
| Estimated income | 1.72B | 2.02B | 2.07b | 1.71B |
| Real income | 1.73B | 2.25B | 2.30B | 1.75B |
To track all of Marathon Oil’s earnings releases, visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
