Murphy USA posts higher revenue, profits

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by Roby Brock ([email protected]) April 29, 2026 8:06 pm 302 views 

Murphy USA reported higher revenue and higher earnings as market volatility in the commodity markets boosted the El Dorado-based retailer’s topline and bottom line results.

The company posted first quarter revenue of $4.819 billion compared to $4.525 billion one year ago. Net income rose to $136.3 million versus $53.2 million in last year’s first quarter. Diluted earnings per share were $7.28, more than double the $2.63 per share price one year ago.

“Murphy USA delivered first quarter results that showcase the strength of our low-cost high volume operating model,” said President and CEO Mindy West. “As volatility was re-introduced to commodity markets, specifically in refined products, the business behaved far more favorably, as we would expect.”

Other quarter highlights included:

  • Total fuel contribution for Q1 2026 was 35.0 cpg, compared to 25.4 cpg in Q1 2025.
  • Total retail gallons increased 2.1%, and volumes on a same store sales basis declined 0.8%, in Q1 2026 compared to Q1 2025.
  • Merchandise contribution dollars for Q1 2026 increased 7.3% to $210.2 million on average unit margins of 20.0%, compared to Q1 2025 contribution dollars of $195.9 million on unit margins of 19.6%.

“Retail margins showed continued strength, despite a rising price environment, and our fuel supply business, which benefits during periods of rising prices, helped deliver strong all-in margins of 35 cents per gallon,” said West. “Inside sales remain consistent, although consumer spending is restrained in discretionary non-nicotine categories, where same-store sales are slightly below prior year.”

“Nevertheless, thanks to exceptional nicotine performance, first quarter merchandise margin contribution was up $14 million versus the prior year, or a 7.3% increase, demonstrating early momentum versus the prior year first quarter merchandise contribution increase of just over $4 million,” she added.

During Q1 2026, the company repurchased approximately 169.0 thousand common shares for $70.9 million at an average price of $419.87 per share.

Murphy USA said it is on track to open between 45 and 55 new stores in 2026.

Shares of Murphy USA (NYSE: MUSA) closed Wednesday (April 29) at $514.45. Over the past 52 months, the stock price has fluctuated between $345.23 and $539.71 per share.