Filing Flows › Murphy USA (MUSA) › Q3 2026 › vs Q2 2026
Murphy USA (MUSA) Q3 2026 vs Q2 2026 (quarter over quarter)
Murphy USA's revenue rose $83.6M (+1%) from $6.8B in Q2 2026 to $6.9B in Q3 2026. The biggest changes: Petroleum product sales +$51.1M (+0.9%); Merchandise sales +$22.9M (+2%); Other operating revenues +$9.6M (+8%). Operating margin 3.8% against 4.5% (-0.7 pts).
Murphy USA, Q3 2026: revenue $6.9B (+35% year over year), operating margin 3.8%, net earnings $176M, operating cash flow $348M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 3.8% | 4.5% | -0.7 pts |
| Net margin | 2.6% | 3.1% | -0.5 pts |
| Free cash flow margin | 2.8% | 1.8% | +1.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Petroleum product sales (at retail) | $4.9B | $4.9B | $14.9M | +0.3% |
| Petroleum product sales (at wholesale) | $672M | $636M | $36.2M | +6% |
| Petroleum product sales | $5.6B | $5.5B | $51.1M | +0.9% |
| Merchandise sales | $1.2B | $1.1B | $22.9M | +2% |
| Other operating revenues | $136M | $126M | $9.6M | +8% |
| Other revenues | $1.1M | $1.2M | −$100K | -8% |
| Revenue | $6.9B | $6.8B | $83.6M | +1% |
| Operating profit | $260M | $305M | −$44.4M | -15% |
| Costs & expenses | $6.6B | $6.5B | $128M | +2% |
| Pre-tax earnings | $234M | $278M | −$44.0M | -16% |
| Other expense, net | $26.9M | $27.3M | −$400K | -1% |
| SG&A | $59.6M | $60.5M | −$900K | -1% |
| Other operating costs | $6.6B | $6.4B | $129M | +2% |
| Net earnings | $176M | $209M | −$33.1M | -16% |
| Income tax | $57.6M | $68.5M | −$10.9M | -16% |
| Depreciation & amortization | $75.1M | $72.2M | $2.9M | +4% |
| Share-based compensation | $6.8M | $4.9M | $1.9M | +39% |
| Working capital & other | $90.2M | −$51.2M | $141M | — |
| Operating cash flow | $348M | $235M | $113M | +48% |
| Free cash flow (OCF − capex) | $194M | $123M | $70.4M | +57% |
| Capital expenditures | $154M | $112M | $42.7M | +38% |
Questions
How much did Murphy USA's revenue grow quarter over quarter in Q3 2026?
Murphy USA's revenue rose $83.6M (+1%) from $6.8B in Q2 2026 to $6.9B in Q3 2026.
What drove Murphy USA's revenue change in Q3 2026?
Petroleum product sales +$51.1M (+0.9%); Merchandise sales +$22.9M (+2%); Other operating revenues +$9.6M (+8%).