Filing Flows › Murphy USA (MUSA) › Q3 2026 › vs Q3 2025
Murphy USA (MUSA) Q3 2026 vs Q3 2025 (year over year)
Murphy USA's revenue rose $1.8B (+35%) from $5.1B in Q3 2025 to $6.9B in Q3 2026. The biggest changes: Petroleum product sales +$1.7B (+43%); Other operating revenues +$72.6M (+115%); Merchandise sales +$32.7M (+3%). Operating margin 3.8% against 3.9% (-0.2 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 3.8% | 3.9% | -0.2 pts |
| Net margin | 2.6% | 2.5% | +0.0 pts |
| Free cash flow margin | 2.8% | 1.3% | +1.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Petroleum product sales (at retail) | $4.9B | $3.5B | $1.4B | +40% |
| Petroleum product sales (at wholesale) | $672M | $399M | $272M | +68% |
| Petroleum product sales | $5.6B | $3.9B | $1.7B | +43% |
| Merchandise sales | $1.2B | $1.1B | $32.7M | +3% |
| Other operating revenues | $136M | $63.0M | $72.6M | +115% |
| Other revenues | $1.1M | $1.3M | −$200K | -15% |
| Revenue | $6.9B | $5.1B | $1.8B | +35% |
| Operating profit | $260M | $202M | $58.7M | +29% |
| Costs & expenses | $6.6B | $4.9B | $1.7B | +35% |
| Pre-tax earnings | $234M | $173M | $60.2M | +35% |
| Other expense, net | $26.9M | $28.4M | −$1.5M | -5% |
| SG&A | $59.6M | $55.3M | $4.3M | +8% |
| Other operating costs | $6.6B | $4.9B | $1.7B | +35% |
| Net earnings | $176M | $130M | $46.1M | +35% |
| Income tax | $57.6M | $43.5M | $14.1M | +32% |
| Depreciation & amortization | $75.1M | $69.9M | $5.2M | +7% |
| Share-based compensation | $6.8M | $5.4M | $1.4M | +26% |
| Working capital & other | $90.2M | −$20.4M | $111M | — |
| Operating cash flow | $348M | $185M | $163M | +88% |
| Free cash flow (OCF − capex) | $194M | $67.7M | $126M | +186% |
| Capital expenditures | $154M | $117M | $37.3M | +32% |
Questions
How much did Murphy USA's revenue grow year over year in Q3 2026?
Murphy USA's revenue rose $1.8B (+35%) from $5.1B in Q3 2025 to $6.9B in Q3 2026.
What drove Murphy USA's revenue change in Q3 2026?
Petroleum product sales +$1.7B (+43%); Other operating revenues +$72.6M (+115%); Merchandise sales +$32.7M (+3%).