Filing Flows › Murphy USA (MUSA) › How it makes money
How Murphy USA (MUSA) makes money
Murphy USA (MUSA) made $6.9B of revenue in the third quarter 2026 (Q3 2026), +35% from a year earlier. Petroleum product sales brought in $5.6B (81%); Merchandise sales brought in $1.2B (17%); Other operating revenues brought in $136M (2%). Of every dollar of revenue, 4¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Petroleum product sales | $5.6B | 81.3% | +0.9% | +43% |
| ↳ Petroleum product sales (at retail) | $4.9B | 71.5% | +0.3% | +40% |
| ↳ Petroleum product sales (at wholesale) | $672M | 9.7% | +6% | +68% |
| Merchandise sales | $1.2B | 16.8% | +2% | +3% |
| Other operating revenues | $136M | 2.0% | +8% | +115% |
| Other revenues | $1.1M | 0.0% | -8% | -15% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $6.9B | 100.0% |
| Operating profit | $260M | 3.8% |
| Income tax | $57.6M | 0.8% |
| Net earnings | $176M | 2.6% |
| Operating cash flow | $348M | 5.1% |
| Free cash flow | $194M | 2.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $6.9B | +35% |
| Q2 2026 | $6.8B | +36% |
| Q1 2026 | $4.8B | +6% |
| Q4 2025 | $4.7B | +0.7% |
| Q3 2025 | $5.1B | -2% |
| Q2 2025 | $5.0B | -8% |
| Q1 2025 | $4.5B | -7% |
From Murphy USA's 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does Murphy USA make money?
Murphy USA (MUSA) made $6.9B of revenue in the third quarter 2026 (Q3 2026), +35% from a year earlier. Petroleum product sales brought in $5.6B (81%); Merchandise sales brought in $1.2B (17%); Other operating revenues brought in $136M (2%). Of every dollar of revenue, 4¢ was left as operating profit, 3¢ was left as net earnings.
What is Murphy USA's biggest business?
Petroleum product sales: $5.6B in the third quarter 2026, 81% of revenue, +43% from a year earlier.
What is Murphy USA's profit margin?
Net earnings were $176M, 2.6% of revenue, in the third quarter 2026; the operating margin was 3.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.