In its latest financial earnings report, Murphy USA saw merchandise contribution dollars increase 11.3% in Q3 2025 compared to Q3 2024, which it said was “primarily driven by higher merchandise margins and higher overall merchandise sales volumes.” Much of that in-store success came from the backbar, as the company saw total nicotine contribution dollars increase 20.3% and non-nicotine contribution dollars increase 2.8%.
Total retail gallons increased 1.2% while volumes on a same-store sales basis declined 2.6% compared to the same quarter last year.
“We are very pleased with third quarter results, which reflect the resilience of our business model, the durability of our promotional capabilities and the continued dedication of our customers,” said CEO Andrew Clyde. “Total merchandise margin contribution dollars were up 11.3% as same store inside sales and margin comparisons turned positive, driven by exceptional performance in the nicotine space. Despite extremely low volatility and a flat price curve year to date in 2025, third quarter all-in margins remained above 30 cents per gallon.”
Clyde also noted that the company’s “current new construction activity remains robust with 39 new stores and 2 raze and rebuilds under construction (with 1 new to industry build and 2 raze-and-rebuilds opened in October), which should generate operational momentum as we head into 2026.”
Additionally, Murphy USA announced that Mindy K. West, the company’s current chief operating officer, is immediately appointed to also serve as the company’s president and will succeed Clyde as its chief executive officer beginning January 1, 2026. On that same date, West will become a member of Murphy USA’s board of directors. Clyde will retire from the board on December 31, 2025.
Madison Murphy, Murphy USA’s board chairman, commented, “On behalf of the board, I am delighted to welcome Mindy as Murphy USA’s next president and CEO and as a member of our board. Mindy’s proven leadership and deep expertise in our business and industry make her uniquely qualified to guide Murphy USA into its next chapter.”
Clyde will remain with the company as a non-executive adviser through February 2027 to ensure a smooth transition of the company.