Filing Flows › Murphy USA (MUSA) › Q2 2025
Murphy USA (MUSA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Murphy USA (MUSA) reported revenue of $5.0B for the second quarter 2025 (Q2 2025), -8% from a year earlier and +11% from the quarter before. Operating margin was 4.4%, net earnings $146M (2.9% of revenue).
Murphy USA, Q2 2025: revenue $5.0B (-8% year over year), operating margin 4.4%, net earnings $146M, operating cash flow $255M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0B | +11% | -8% |
| Operating profit | $219M | +149% | +1% |
| Net earnings | $146M | +174% | +0.6% |
| Operating cash flow | $255M | +99% | -2% |
| Free cash flow | $137M | +237% | -4% |
What changed
Revenue was $5.0B in Q2 2025, down 8% year over year and up 11% from the previous quarter. Petroleum product sales (at retail) was the largest line at 69% of revenue. Petroleum product sales (at retail) lost $0.48B year over year (down 12%), 108% of the total change.
Operating profit was $0.22B, a 4.4% margin (up 0.4 points year over year). Total costs fell 9% while revenue fell 8%. Net earnings were $0.15B, up 1% year over year. The effective tax rate was 24.4%.
Operating cash flow was $0.26B (down 2% year over year), 175% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $0.12B left free cash flow of $0.14B.
Questions
What was Murphy USA's revenue in the second quarter 2025?
Murphy USA (MUSA) reported revenue of $5.0B for the second quarter 2025 (Q2 2025), -8% from a year earlier and +11% from the quarter before.
Was Murphy USA profitable in the second quarter 2025?
Operating profit was $219M (4.4% of revenue) and net earnings $146M.
Source: Murphy USA 10-Q on SEC EDGAR.