Murphy USA Reports Net Income Growth
Net income rose to $209.1 million in the second quarter.
Aug 06, 2026 | 2 min read
Murphy USA this week reported results for the quarter ended June 30.
Net income was $209.1 million in the second quarter, up from $145.6 million in the same period last year, the report said.
"Murphy USA delivered another quarter of strong financial and operational performance, demonstrating the earnings power and durability of our low-cost, high-volume business model," said President and CEO Mindy West in a news release.
The marketer of retail motor fuel products and convenience merchandise said total fuel contribution in the second quarter was 40.6 cents per gallon (cpg) compared to 32 cpg in the second quarter last year.
Total retail gallons increased 3.9% and volumes on a same-store sales basis increased 0.5% year-over-year, the earnings report said.
Merchandise contribution dollars in the quarter were up 4% to $227.4 million compared to $218.7 million in the quarter last year.
The company had 1,806 stores, including Murphy USA/Express and QuickChek, as of June 30.
The release said new-to-industry (NTI) additions will be “closer” to 45 new stores in the calendar year.
On an earnings call Thursday, West said the projected new store count does not include potential tuck-in acquisitions.
“Those may come up. We don’t know,” West said.
The earnings release said the company also expects to complete 10 raze and rebuilds this year.
“We continue to prioritize organic growth with our capital spending, ensuring our new store team is working diligently to deliver 2026 new stores, pulling forward construction of new stores scheduled to open in 2027, increasing investment in our land pipeline, and undertaking proactive maintenance activities across the network,” the release said.
West said on Thursday’s call that Murphy USA expects nicotine will continue to be a tailwind for the company in the second half of the year.
"Excitingly we’re actually seeing strength in combustibles,” West said. “Especially with the new value-priced Cowboy Cut cigarette. That did really well. It was well received by our customers.”
West added the company also sees emerging other tobacco product opportunities in the second half.
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