Filing Flows › Murphy USA (MUSA) › Q2 2026
Murphy USA (MUSA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Murphy USA (MUSA) reported revenue of $6.8B for the second quarter 2026 (Q2 2026), +36% from a year earlier and +41% from the quarter before. Operating margin was 4.5%, net earnings $209M (3.1% of revenue).
Murphy USA, Q2 2026: revenue $6.8B (+36% year over year), operating margin 4.5%, net earnings $209M, operating cash flow $235M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8B | +41% | +36% |
| Operating profit | $305M | +49% | +39% |
| Net earnings | $209M | +53% | +44% |
| Operating cash flow | $235M | -27% | -8% |
| Free cash flow | $123M | -44% | -10% |
What changed
Revenue was $6.8B in Q2 2026, up 36% year over year and up 41% from the previous quarter. Petroleum product sales (at retail) was the largest line at 72% of revenue. Petroleum product sales (at retail) added $1.5B year over year (up 42%), 81% of the total change. Other revenues declined 14%.
Operating profit was $0.30B, a 4.5% margin (up 0.1 points year over year). Of the extra revenue versus Q2 2025, 5% reached operating profit, above the 4% margin then. Total costs grew 36% against revenue growth of 36%. The fastest-growing cost line was Other operating costs (+36%). Net earnings were $0.21B, up 44% year over year. The effective tax rate was 24.7%.
Operating cash flow was $0.23B (down 8% year over year), 112% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.11B left free cash flow of $0.12B.
Questions
What was Murphy USA's revenue in the second quarter 2026?
Murphy USA (MUSA) reported revenue of $6.8B for the second quarter 2026 (Q2 2026), +36% from a year earlier and +41% from the quarter before.
Was Murphy USA profitable in the second quarter 2026?
Operating profit was $305M (4.5% of revenue) and net earnings $209M.
Source: Murphy USA 10-Q on SEC EDGAR.