The earnings call highlighted resilience in retail fuel margins and digital loyalty growth, alongside operational efficiencies and an optimistic new store pipeline. However, challenges remain with declining fuel volumes, merchandise contribution pressures, and QuickChek performance issues.

Company Guidance

During the Murphy USA Second Quarter 2025 Earnings Conference Call, the company provided detailed updates on various performance metrics and guidance for the year. Key highlights included a 3.2% decline in same-store fuel volumes for Q2, although July volumes rebounded to match prior-year levels. The company projected that second-half fuel volumes might slightly fall below the annual guided range of 240,000 to 245,000 average per store month. While cigarette volumes remained pressured, the growth in noncombustible nicotine categories offset this decline. Retail fuel margins improved by 80 basis points year-to-date, supported by an additional 13 basis points from lower credit card fees. Merchandise contribution at Murphy USA stores was up 8.9% when excluding cigarettes and lottery, despite overall pressures in those categories. The company also achieved significant operational efficiencies, with store operating expenses and SG&A trending below the low end of guided ranges. Capital expenditures are expected to remain within the guided range of $450 million to $500 million, with robust store growth plans including 40 new stores and 8 raze-and-rebuilds under construction. The effective tax rate for the first half was 22%, with full-year expectations at or slightly below the low end of the 24% to 26% guidance range. Murphy USA reaffirmed its commitment to its 50-50 capital allocation strategy, including continued share repurchases as a priority.

Digital Loyalty Growth

Murphy USA reported a 31% increase in new loyalty enrollments and an 11% increase in merchandise transactions. The revamped QuickChek loyalty program saw mobile orders double since relaunch, with 35% of in-store pickup items including additional sales.

Improved Retail Fuel Margins

Retail fuel margins showed resilience, with an 80 basis point improvement year-to-date, and an additional 13 basis points from lower credit card fees. This indicates stronger profitability despite lower fuel volumes.

Operational Efficiencies

There were improvements in overtime, labor rates, loss prevention, and maintenance costs, complemented by home office efficiencies that drove G&A lower.

New Store Pipeline

Murphy USA is poised to deliver 50 new stores over the next 12 months, with 40 new stores and 8 raze-and-rebuilds currently under construction.

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

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MUSA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	7.12 / -	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	$407.46	$361.97	-11.16%
May 07, 2025	$504.97	$442.93	-12.29%
Feb 05, 2025	$514.09	$497.68	-3.19%
Oct 30, 2024	$470.46	$486.21	+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 7.12.

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