Murphy USA Inc. reported financial results for the three and nine months ended September 30, 2026, announcing a net income of $176.0 million, or $9.59 per diluted share, for the third quarter of 2026. This represents a significant increase compared to the prior year quarter, where net income was $129.9 million, or $6.76 per diluted share. The company’s Adjusted EBITDA for the quarter was $336.6 million, up from $285.1 million in Q3 2025.
The company’s total fuel contribution for Q3 2026 was 37.0 cents per gallon, compared to 30.7 cents per gallon in the prior year. This increase was driven by stronger fuel supply results and higher retail fuel volumes. Total retail fuel volumes increased by 3.3%, while same-store sales volumes increased by 0.1%. Retail fuel margins were 27.4 cents per gallon in the current quarter, a decrease of 3.2% from the prior year.
Murphy USA’s merchandise contribution decreased by 2.8% to $234.5 million in Q3 2026, with average unit margins of 20.3%. The decrease was attributed to lower merchandise unit margins and the absence of a significant promotional activity related to nicotine pouches that occurred in the prior year quarter. Total merchandise sales for the quarter were $1.155 billion.
In terms of store operations, the company opened four new-to-industry stores in Q3 2026, closed one, and reopened two raze-and-rebuild locations. As of September 30, 2026, the company had 1,662 Murphy USA stores and 146 QuickChek locations. The company also repurchased approximately 287.1 thousand common shares for $157.7 million during the quarter at an average price of $549.22 per share. As of the end of the quarter, the company had $2.0 billion remaining under its 2025 share repurchase authorization.
Regarding capital structure, the company had cash and cash equivalents of $161.8 million and long-term debt of $2,167.4 million as of September 30, 2026. The company paid a quarterly cash dividend of $0.65 per share on September 3, 2026, representing a 22.6% year-over-year increase. Additionally, on October 22, 2026, the Board of Directors declared a quarterly cash dividend of $0.72 per share, payable on December 1, 2026.
