Filing Flows › Murphy USA (MUSA) › Q2 2026 › vs Q2 2025
Murphy USA (MUSA) Q2 2026 vs Q2 2025 (year over year)
Murphy USA's revenue rose $1.8B (+36%) from $5.0B in Q2 2025 to $6.8B in Q2 2026. The biggest changes: Petroleum product sales +$1.7B (+44%); Other operating revenues +$64.8M (+106%); Merchandise sales +$39.7M (+4%). Operating margin 4.5% against 4.4% (+0.1 pts).
Murphy USA, Q2 2026: revenue $6.8B (+36% year over year), operating margin 4.5%, net earnings $209M, operating cash flow $235M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 4.5% | 4.4% | +0.1 pts |
| Net margin | 3.1% | 2.9% | +0.2 pts |
| Free cash flow margin | 1.8% | 2.7% | -0.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Petroleum product sales (at retail) | $4.9B | $3.4B | $1.5B | +42% |
| Petroleum product sales (at wholesale) | $636M | $403M | $233M | +58% |
| Petroleum product sales | $5.5B | $3.9B | $1.7B | +44% |
| Merchandise sales | $1.1B | $1.1B | $39.7M | +4% |
| Other operating revenues | $126M | $61.2M | $64.8M | +106% |
| Other revenues | $1.2M | $1.4M | −$200K | -14% |
| Revenue | $6.8B | $5.0B | $1.8B | +36% |
| Operating profit | $305M | $219M | $85.7M | +39% |
| Costs & expenses | $6.5B | $4.8B | $1.7B | +36% |
| Pre-tax earnings | $278M | $192M | $85.1M | +44% |
| Other expense, net | $27.3M | $26.7M | $600K | +2% |
| SG&A | $60.5M | $50.9M | $9.6M | +19% |
| Other operating costs | $6.4B | $4.7B | $1.7B | +36% |
| Net earnings | $209M | $146M | $63.5M | +44% |
| Income tax | $68.5M | $46.9M | $21.6M | +46% |
| Depreciation & amortization | $72.2M | $66.0M | $6.2M | +9% |
| Share-based compensation | $4.9M | $3.2M | $1.7M | +53% |
| Working capital & other | $51.2M | −$40.3M | $91.5M | — |
| Operating cash flow | $235M | $255M | −$20.1M | -8% |
| Free cash flow (OCF − capex) | $123M | $137M | −$13.8M | -10% |
| Capital expenditures | $112M | $118M | −$6.3M | -5% |
Questions
How much did Murphy USA's revenue grow year over year in Q2 2026?
Murphy USA's revenue rose $1.8B (+36%) from $5.0B in Q2 2025 to $6.8B in Q2 2026.
What drove Murphy USA's revenue change in Q2 2026?
Petroleum product sales +$1.7B (+44%); Other operating revenues +$64.8M (+106%); Merchandise sales +$39.7M (+4%).