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Jun 30
Murphy USA Q2 2025 Earnings Report
Murphy USA Inc. reported its second quarter 2025 financial results, showing an increase in net income and adjusted EBITDA compared to the prior year.
Key Takeaways
Murphy USA delivered stronger financial results in the second quarter of 2025, with net income increasing to $145.6 million and Adjusted EBITDA rising to $286.0 million. This performance was driven by improved fuel and merchandise contributions, despite slightly lower retail fuel volumes and merchandise sales on a same-store basis.
Net income for Q2 2025 increased to $145.6 million, up from $144.8 million in Q2 2024.
Total fuel contribution for Q2 2025 was 32.0 cpg, a slight increase from 31.7 cpg in Q2 2024.
Merchandise contribution dollars increased by 1.0% to $218.7 million, maintaining average unit margins of 20.0%.
The company repurchased approximately 470.7 thousand common shares for $211.9 million during Q2 2025.
Murphy USA
Murphy USA
Murphy USA Revenue by Segment
Revenue by Segment
Petroleum Product Sales Revenue
CapyFin.comMerchandise Sales Revenue
CapyFin.comOther Operating Revenues Revenue
CapyFin.com Forward Guidance
Murphy USA is focused on store profitability and expanding its New-to-Industry (NTI) store program, with plans to open 50 new stores over the next 12 months to drive future EBITDA growth.
Positive Outlook
- Plans to deliver 50 new NTI stores over the next 12 months.
- New store openings are expected to drive EBITDA growth into 2026 and beyond.
- Continued focus on store profitability, evidenced by favorable sequential and year-over-year comparisons in store operating expenses and general and administrative costs.
- The NTI store program is gaining momentum.
- Anticipated improvement in supply margins.
Challenges Ahead
- Relatively low fuel price volatility.
- Slightly weaker customer traffic observed in Q2 2025.
- Lower retail fuel volumes sold during the quarter.
- Higher depreciation and amortization expenses.
- Higher store operating expenses and interest expense.