Earnings Releases·Oct 28, 2026, 4:32 PM ET

Murphy USA Inc. — Third Quarter 2026 Earnings Summary

Net income surged to $176.0 million ($9.59 per share) from $129.9 million in Q3 2025, driven by a 34.8% year-over-year increase in total operating revenues to $6,889.7 million and a 24.6% rise in total fuel contribution.
Adjusted EBITDA reached $336.6 million, up from $285.1 million, while cash and cash equivalents grew to $161.8 million and long-term debt decreased to $2,167.4 million.
Capital allocation included $157.7 million in share repurchases and a quarterly dividend increase to $0.72 per share (11% increase), with the $2.0 billion 2025 authorization largely remaining available.
RINs contribution more than doubled to $134.5 million, though nicotine contribution fell 8.0% due to the absence of a prior-year promotion; merchandise sales rose 2.9% despite a slight margin compression.
Management expressed confidence in the business model's durability and customer resilience, noting strong execution on store growth with 1,808 total locations and 53 under construction.