Marathon Oil (NYSE:MRO) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:30 PM.
Here’s what investors need to know about the announcement.
Earnings
Marathon Oil beat estimated earnings by 11.67%, reporting an EPS of $0.67 versus an estimate of $0.6.
Revenue was down $73.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 2.72% increase in the share price the next day.
Here’s a look at Marathon Oil’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.84 | 1.19 | 1.29 | 0.92 |
| EPS Actual | 0.88 | 1.24 | 1.32 | 1.02 |
| Revenue Estimate | 1.72B | 2.02B | 2.07B | 1.71B |
| Revenue Actual | 1.73B | 2.25B | 2.30B | 1.75B |
To track all earnings releases for Marathon Oil visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
