Filing Flows › Murphy USA (MUSA) › Q3 2025
Murphy USA (MUSA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Murphy USA (MUSA) reported revenue of $5.1B for the third quarter 2025 (Q3 2025), -2% from a year earlier and +2% from the quarter before. Operating margin was 3.9%, net earnings $130M (2.5% of revenue).
Murphy USA, Q3 2025: revenue $5.1B (-2% year over year), operating margin 3.9%, net earnings $130M, operating cash flow $185M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.1B | +2% | -2% |
| Operating profit | $202M | -8% | -9% |
| Net earnings | $130M | -11% | -13% |
| Operating cash flow | $185M | -28% | -9% |
| Free cash flow | $67.7M | -51% | +4% |
What changed
Revenue was $5.1B in Q3 2025, down 2% year over year and up 2% from the previous quarter. Petroleum product sales (at retail) was the largest line at 69% of revenue. Petroleum product sales (at retail) lost $0.23B year over year (down 6%), 181% of the total change.
Operating profit was $0.20B, a 3.9% margin (down 0.3 points year over year). Total costs fell 2% while revenue fell 2%. Net earnings were $0.13B, down 13% year over year. The effective tax rate was 25.1%.
Operating cash flow was $0.18B (down 9% year over year), 142% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.02B. Capital expenditures of $0.12B left free cash flow of $0.07B.
Questions
What was Murphy USA's revenue in the third quarter 2025?
Murphy USA (MUSA) reported revenue of $5.1B for the third quarter 2025 (Q3 2025), -2% from a year earlier and +2% from the quarter before.
Was Murphy USA profitable in the third quarter 2025?
Operating profit was $202M (3.9% of revenue) and net earnings $130M.
Source: Murphy USA 10-Q on SEC EDGAR.