Every 10-Q that MURPHY USA INC. (MUSA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MUSA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MUSA filings page.
Murphy USA Inc. reported higher results for the quarter and six months ended June 30, 2026, driven mainly by fuel and merchandise performance. Second-quarter operating revenues were $6,806.1 million versus $5,005.0 million a year earlier, with net income of $209.1 million versus $145.6 million and diluted EPS of $11.27 versus $7.36. Total fuel contribution reached 40.6 cents per gallon, compared with 32.0 cpg, supported by higher ethanol RIN prices averaging $2.06 per RIN.
For the first half of 2026, operating revenues were $11,625.4 million versus $9,530.4 million, and net income was $345.4 million versus $198.8 million, with diluted EPS of $18.54 versus $9.95. These gains came alongside higher fuel and merchandise cost of goods sold, increased payment fees and labor, higher SG&A, depreciation and amortization, interest expense and an effective tax rate of 23.9% versus 21.9%.
Operating cash flow for the first half was $555.0 million, funding $219.2 million of property additions and repurchase of 312,087 shares at an average price of $473.40. At June 30, 2026, cash was $175.4 million, total assets $5,085.0 million, and total debt $2,186.1 million, with a reported total leverage ratio of 1.76 to 1.0 and an undrawn $750.0 million revolving credit facility.
Murphy USA delivered a much stronger quarter, with net income rising to $136.3 million on revenue of $4,819.3 million, versus $53.2 million a year earlier. Diluted EPS increased to $7.28 from $2.63.
Total fuel contribution climbed to $403.9 million, or 35.0 cents per gallon, helped by higher retail fuel margins and better fuel supply results including RINs. Merchandise sales reached $1,049.2 million with higher contribution and unit margins.
Operating cash flow improved to $320.0 million, funding $90.9 million of capital additions, dividends and share repurchases. Cash rose to $118.6 million, with current and long-term debt of $2,040.6 million and a total leverage ratio of 1.87 to 1.0.
Murphy USA (MUSA) filed its Q3 2025 report, showing steady topline with shifts in mix. Revenue was $5.11 billion, down slightly from $5.24 billion a year ago. Net income was $129.9 million versus $149.2 million, and diluted EPS was $6.76 compared to $7.20. Merchandise sales rose to $1.12 billion, while petroleum product sales eased. RINs revenue increased to $61.7 million, helping other operating revenues.
Year-to-date, operating cash flow was $568.4 million, funding $322.9 million of capital additions and $583.0 million of share repurchases. Long-term debt rose to $2.22 billion after refinancing that added a new $600 million term loan due 2032 and $245.0 million drawn on the revolver; the total leverage ratio was 2.20 to 1.0. Shares outstanding were 18,734,447 as of September 30, 2025. The company operated 1,772 stores, including 1,620 Murphy-branded and 152 QuickChek locations.