Murphy USA Reports Q2 2025 Financial Results with $145.6M Net Income

Murphy USA Inc. reported its financial results for the second quarter and first half of 2025, revealing a net income of $145.6 million, or $7.36 per diluted share, on revenues of $5.0 billion. This marks a slight increase from the net income of $144.8 million, or $6.92 per diluted share, on revenues of $5.5 billion in the same quarter of 2024. For the six months ended June 30, 2025, the company recorded a net income of $198.8 million, down from $210.8 million in the prior year, with revenues decreasing from $10.3 billion to $9.5 billion. The decline in revenue was attributed to a 12.2% reduction in average retail fuel sales prices and a 0.2% decrease in fuel sales volumes.

In terms of operational performance, Murphy USA's petroleum product sales for the second quarter of 2025 were $3.85 billion, down from $4.34 billion in the same period last year. Merchandise sales, however, saw a slight increase, rising to $1.09 billion from $1.08 billion. The company’s total operating revenues for the first half of 2025 were $9.53 billion, compared to $10.30 billion in the previous year. The decrease in revenues was partially offset by a higher contribution from merchandise sales and lower general and administrative expenses.

The company continues to expand its footprint, operating a total of 1,766 stores across 27 states as of June 30, 2025, with 1,612 branded as Murphy and 154 under the QuickChek brand. The total number of stores has increased from 1,736 in the previous year. Murphy USA's capital expenditures for the first half of 2025 amounted to $176.6 million, with expectations for full-year capital spending to range between $450 million and $500 million, primarily for new store construction and improvements to existing locations.

Murphy USA's financial position remains strong, with total assets of $4.62 billion as of June 30, 2025, compared to $4.54 billion at the end of 2024. The company reported cash and cash equivalents of $54.1 million and had $88.0 million outstanding under its revolving credit facility. The company’s long-term debt increased to $2.07 billion, up from $1.83 billion at the end of 2024, reflecting ongoing investments and strategic initiatives. Looking ahead, Murphy USA anticipates continued growth driven by its store expansion plans and operational efficiencies, while managing the impacts of fluctuating fuel prices and market conditions.