The earnings call reflects a mixed performance with resilient fuel margins and successful cost management as key positives, while facing challenges in fuel volumes and merchandising contribution. The long-term store growth pipeline and loyalty program improvements provide optimism, but immediate pressures in fuel volumes and merchandising contribution temper the overall outlook.

Company Guidance -

Q3 2025

During the Murphy USA Second Quarter 2025 Earnings Conference Call, the company provided guidance on several key metrics for the year. Fuel volumes in the first half of the year were down 3% on an average per store month basis, with expectations for the second half to potentially fall below the low end of the annual guided range of 240,000 to 245,000. Merchandise contribution margin is expected to be within, but toward the low end of the guided range of $855 million to $875 million due to headwinds from cigarettes and lottery. Operational improvements have led to store operating expenses being at or below the low end of the guided range of $36,500 to $37,000 per store month. Corporate SG&A expenses are trending below the low end of the guided range of $245 million to $255 million. The effective tax rate for the first half was 22%, with an expected full-year tax rate at or slightly below the low end of the 24% to 26% guidance range. The company plans to open around 40 new stores in 2025, with a capital expenditure plan remaining within the guided range of $450 million to $500 million. Additionally, Murphy USA has repurchased nearly 900,000 shares year-to-date, emphasizing its commitment to shareholder value creation.

Resilient Retail Fuel Margins

Retail fuel margins proved resilient, showing an 80 basis point improvement year-to-date, with an additional 13 basis points from lower credit card fees.

Growth in Noncombustible Nicotine

Noncombustible nicotine categories are growing at a rate that offsets the decline in cigarette margins, with only 30% of total nicotine margin contribution.

Increase in Loyalty and Merchandise Transactions

MDR saw a 31% increase in new loyalty enrollments and an 11% increase in merchandise transactions.

Promising New Store Pipeline

The company is on track to open 50 stores over the next 12 months, with individual store performance above expectations.

Cost Management Success

Store operating expenses and home office costs are trending below the low end of the guided range, with improvements in overtime, labor rates, loss prevention, and maintenance.

Murphy USA (MUSA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MUSA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	7.24 / -	7.219	―	―	―
Jul 30, 2025	2025 (Q2)	6.55 / 7.36	6.92	6.36% (+0.44)	―
May 07, 2025	2025 (Q1)	3.96 / 2.65	3.101	-14.70% (-0.46)	―
Feb 05, 2025	2024 (Q4)	6.51 / 7.11	7.009	1.47% (+0.10)	―
Oct 30, 2024	2024 (Q3)	6.79 / 7.22	7.713	-6.40% (-0.49)	―
Jul 31, 2024	2024 (Q2)	6.88 / 6.92	6.015	15.05% (+0.91)	―
May 01, 2024	2024 (Q1)	4.48 / 3.10	4.809	-35.52% (-1.71)	―
Feb 07, 2024	2023 (Q4)	6.49 / 7.01	5.214	34.43% (+1.79)	―
Nov 01, 2023	2023 (Q3)	6.38 / 7.71	9.28	-16.89% (-1.57)	―
Aug 02, 2023	2023 (Q2)	5.98 / 6.01	7.53	-20.12% (-1.52)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MUSA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$408.03	$362.48	-11.16%
May 07, 2025	$505.68	$443.56	-12.28%
Feb 05, 2025	$514.81	$498.38	-3.19%
Oct 30, 2024	$471.12	$486.89	+3.35%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Murphy USA Inc (MUSA) report earnings?

Murphy USA Inc (MUSA) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Murphy USA Inc (MUSA) earnings time?

Murphy USA Inc (MUSA) earnings time is at Oct 22, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MUSA EPS forecast?

MUSA EPS forecast for the fiscal quarter 2025 (Q3) is 7.24.

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