Filing Flows › Murphy USA (MUSA) › Q3 2026
Murphy USA (MUSA) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Murphy USA (MUSA) reported revenue of $6.9B for the third quarter 2026 (Q3 2026), +35% from a year earlier and +1% from the quarter before. Operating margin was 3.8%, net earnings $176M (2.6% of revenue).
Murphy USA, Q3 2026: revenue $6.9B (+35% year over year), operating margin 3.8%, net earnings $176M, operating cash flow $348M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.9B | +1% | +35% |
| Operating profit | $260M | -15% | +29% |
| Net earnings | $176M | -16% | +35% |
| Operating cash flow | $348M | +48% | +88% |
| Free cash flow | $194M | +57% | +186% |
What changed
Revenue was $6.9B in Q3 2026, up 35% year over year and up 1% from the previous quarter. Petroleum product sales (at retail) was the largest line at 72% of revenue. Petroleum product sales (at retail) added $1.4B year over year (up 40%), 79% of the total change. Other revenues declined 15%.
Operating profit was $0.26B, a 3.8% margin (down 0.2 points year over year). Of the extra revenue versus Q3 2025, 3% reached operating profit, below the 4% margin then. Total costs grew 35% against revenue growth of 35%. The fastest-growing cost line was Other operating costs (+35%). Net earnings were $0.18B, up 35% year over year. The effective tax rate was 24.7%.
Operating cash flow was $0.35B (up 88% year over year), 198% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.15B left free cash flow of $0.19B.
Questions
What was Murphy USA's revenue in the third quarter 2026?
Murphy USA (MUSA) reported revenue of $6.9B for the third quarter 2026 (Q3 2026), +35% from a year earlier and +1% from the quarter before.
Was Murphy USA profitable in the third quarter 2026?
Operating profit was $260M (3.8% of revenue) and net earnings $176M.
Source: Murphy USA 10-Q on SEC EDGAR.