Murphy USA to Open 45 New Stores in 2026 

Murphy USA Inc. announced first quarter financial results for 2026.

Key highlights include:

• A net income of $136.3 million in Q1 2026 versus net income of $53.2 million in Q1 2025.
• The retailer is on pace to open between 45 and 55 new stores in 2026, with six stores opened in the first quarter and 18 stores currently under construction.
• Total fuel contribution for Q1 2026 was 35.0 cpg, versus 25.4 cpg in Q1 2025.
• Total retail gallons increased 2.1%, and volumes on a same store sales basis declined 0.8% in Q1 2026 versus Q1 2025.
• Merchandise sales contribution dollars for Q1 2026 increased 7.3% to $210.2 million on average unit margins of 20.0%, versus Q1 2025 contribution dollars of $195.9 million on unit margins of 19.6%.

"Murphy USA delivered first quarter results that showcase the strength of our low-cost high volume operating model," said president and CEO Mindy West. "As volatility was re-introduced to commodity markets, specifically in refined products, the business behaved far more favorably, as we would expect. Retail margins showed continued strength, despite a rising price environment and our fuel supply business, which benefits during periods of rising prices, helped deliver strong all-in margins of 35 cents per gallon.”

“Inside sales remain consistent, although consumer spending is restrained in discretionary non-nicotine categories, where same-store sales are slightly below prior year. Nevertheless, thanks to exceptional nicotine performance, first quarter merchandise margin contribution was up $14 million versus the prior year, or a 7.3% increase, demonstrating early momentum versus the prior year first quarter merchandise contribution increase of just over $4 million,” West continued.

Murphy USA previously said it expects to be able to “sustain a higher level of growth” into 2026 and beyond, with the wider range of NTI's in 2026 to allow for potential bolt-on, small acquisitions in target markets.