In its Q2 earnings call this week, Murphy USA Inc. reported a net income of $145.6 million in Q2 2025, up from $144.8 million in Q2 2024, according to its financial results for the three and six months ended June 30, 2025.
The retailers’ total fuel contribution for the quarter was 32.0 centers per gallon (cpg), compared to 31.7 cpg in Q2 2024. Total retail gallons decreased 0.2%, and volumes on a same store sales ("SSS") basis declined 3.2% in Q2 2025 compared to the year before.
Merchandise contribution dollars for Q2 2025 increased 1.0% to $218.7 million on average unit margins of 20.0%. Meanwhile, general and administrative expenses, payment fees and income taxes were each lower in the current year quarter, per the report. “These benefits were partially offset by higher depreciation and amortization, higher store operating expenses and higher interest expenses resulting in higher net income for Q2 2025 versus the prior-year. Adjusted EBITDA was $7.4 million higher in the current-year quarter,” Murphy said.
“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,” said President and CEO Andrew Clyde. “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. We remain focused on store profitability, as evidenced by favorable sequential and YOY comparisons in store operating expenses and general and administrative costs.”
Clyde also said that the company’s NTI store program is “gaining momentum,” positioning the company to deliver 50 new stores over the next 12 months, “which will help drive EBITDA growth into 2026 and beyond,” he said.
Total store and other operating expenses were $5.3 million higher in Q2 2025 versus Q2 2024, “mainly due to increases in net new store operating expenses combined with higher employee related expenses and maintenance costs at existing stores.”
In other recent Murphy USA news, last month NACS Daily reported that the retailer raised $1,195,451.46 for its local Boys & Girls Clubs. “We’ve crossed the finish line of Sprint 1 in our Great Futures Fueled Here campaign…This achievement reflects the power of our people and our shared belief in building brighter futures for kids in our communities,” the retailer said.