El Dorado-based Murphy USA on Wednesday (July 30) posted second quarter net income of $145.6 million, just ahead of the $144.8 million in the same quarter of 2024. Per share earnings of $7.36 beat the Zacks’ consensus estimate of $6.82.
Revenue in the quarter for the fuel and convenience store operator was $5.005 billion, down from $5.451 billion in the same quarter of 2024. The revenue missed the Zacks’ consensus estimate of $5.47 billion.
The company, which posted the second quarter results after the markets closed, said quarterly financials were challenged primarily by price volatility in the energy market and a decline in customer traffic.
“Second quarter results highlighted the resiliency of Murphy USA’s advantaged model, delivering stronger financial results despite relatively low fuel price volatility and slightly weaker customer traffic,” President and CEO Andrew Clyde said in a statement. “Supply margins improved modestly in the second quarter, driving all-in fuel margins of 32 cents per gallon, up 30 basis points versus the prior-year quarter.”
Net income in the first half of 2025 totaled $198.8 million, down from $210.8 million in the same quarter of 2024. Revenue in the first half was $9.53 billion, down 7.4% compared with the same period in 2024.
Following are other details from the second quarter earnings report.
• Total fuel contribution dollars of $393 million increased $2.7 million, or 0.7%, in the second quarter compared to the same quarter in 2024 primarily due to higher total fuel contribution margins partially offset by lower retail fuel volumes sold during the quarter.
• Total merchandise contribution increased $2.2 million, or 1%, to $218.7 million in the second quarter compared to the same quarter in 2024, primarily driven by higher overall merchandise sales volumes.
• Total nicotine contribution dollars increased 1.4% and non-nicotine contribution dollars rose 0.6% in the second quarter compared with the same quarter in 2024
• Total retail gallons decreased 0.2%, and volumes on a same store sales basis declined 3.2%, in the second quarter compared with the same quarter in 2024.
• Merchandise contribution dollars in the second quarter were up 1% to $218.7 million on average unit margins of 20%, compared to the same quarter in 2024.
Murphy USA at the end of the second quarter had 1,766 stores in 27 states.
Company shares (NYSE: MUSA) closed Wednesday at $408.03, down $2.25. The share price was up around $2 in after hours trading. During the past 52 weeks the share price has ranged between $561.08 and $385.44.