MUSANYSERetail-Auto Dealers & Gasoline StationsUS GAAP · USD

Murphy USA Inc.

Murphy USA Inc. operates a U.S. network of low-price fuel and convenience retail stores, with most locations positioned near Walmart stores and concentrated in the Southeast, Midwest, and Southwest. It also serves unbranded wholesale fuel customers through terminals and pipeline positions, while the QuickChek chain gives it a larger-format convenience presence in the Northeast.

Kysy yhtiöstä
Liikevaihto19,4mrd USD
−4,2 %v/v
Liikevoitto (EBIT)719milj. USD
−3,3 %v/v
EBIT-marginaali3,7%
+0,0 %-yks.v/v
Nettotulos471milj. USD
−6,3 %v/v
Vapaa kassavirta814milj. USD
−4,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

0510152025mrd USD2020: 11,3 mrd USD2020: EBIT 0,56 mrd USD20202021: 17,4 mrd USD2021: EBIT 0,60 mrd USD20212022: 23,4 mrd USD2022: EBIT 0,97 mrd USD20222023: 21,5 mrd USD2023: EBIT 0,83 mrd USD20232024: 20,2 mrd USD2024: EBIT 0,74 mrd USD20242025: 19,4 mrd USD2025: EBIT 0,72 mrd USD202519,40,72
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Murphy USA Inc.

Liiketoiminta

Osuus liikevaihdosta
Retail motor fuel77 %

Gasoline and other motor fuel sold at company-operated retail sites.

Convenience merchandise22 %

In-store merchandise, including tobacco/nicotine and everyday convenience items.

Other operating revenues1 %

Ancillary revenue such as fees and other store-related income.

Tuotteet

Raportoitu · osuus liikevaihdosta
76,7%22,2%FY2025100 %
  • Products76,7 %
  • Merchandise22,2 %
  • Other1,1 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Murphy USA sells primarily to value-conscious U.S. motorists who want low-priced fuel and quick convenience purchases at high-traffic locations. Its customer base also includes shoppers near Walmart stores, where traffic and fuel discount programs help drive repeat visits, plus QuickChek customers in the Northeast who buy broader food and beverage offerings. On the wholesale side, it serves unbranded fuel buyers that need reliable product supply through terminals and pipeline infrastructure.

Value-conscious retail motorists

Buy gasoline at Murphy USA and Murphy Express sites because of low prices, convenience, and speed.

Walmart-adjacent shoppers

Shop at stores near Walmart locations, where shared traffic and fuel discounts support visits.

Convenience merchandise buyers

Purchase snacks, beverages, nicotine, and other convenience items that lift basket size.

QuickChek food and beverage customers

Buy broader convenience and prepared-food offerings in New Jersey and New York.

Unbranded wholesale fuel customers

Buy petroleum products through terminals and pipeline positions for resale or distribution.

Strategia

Murphy USA’s strategy centers on adding new stores, improving existing sites, and using its Walmart adjacency to drive high-volume, low-price fuel traffic. It is also expanding food and beverage capabilities, especially where larger-format or QuickChek stores can raise non-fuel sales and customer frequency. Capital spending is focused on land acquisition, new-store construction, and maintenance to keep the network reliable and growing.

New store developmentLyhyt aikaväli

Adds fuel volume and convenience sales while extending the network into desirable locations.

Walmart-linked traffic captureKeskipitkä aikaväli

Proximity to Walmart stores supports repeat visits and reinforces the low-price value proposition.

Food and beverage expansionKeskipitkä aikaväli

Raises merchandise mix and improves economics beyond fuel-only transactions.

Network maintenance and reliabilityLyhyt aikaväli

Protects uptime, customer experience, and store productivity across a large dispersed footprint.

Maantiede

Murphy USA is a U.S.-only business with 1,800 stores across 27 states, concentrated in the Southeast, Midwest, and Southwest, plus QuickChek locations in New Jersey and New York. The company’s store placement near Walmart and in preferred markets is central to its traffic model, while its wholesale fuel assets support supply across its retail footprint. Geography matters because fuel demand, traffic patterns, and seasonality vary by region, and the Northeast QuickChek business has a different store format and customer mix than the core Murphy network.

Riskit

Murphy USA is exposed to fuel-margin volatility, consumer spending pressure, and operational risks tied to running a large fuel-and-convenience network. Its dependence on third-party supply and transportation infrastructure can disrupt product availability or raise delivered costs, while data security, privacy, and safety incidents could damage the brand and create legal or regulatory exposure. Growth also depends on maintaining a strong new-store pipeline, so delays in site development or weaker cash generation could slow expansion.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Fuel demand and margin volatility1Supply chain and transportation disruption2Data security and privacy breach3Operational accidents and insurance gaps4Store development execution5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Fuel demand and margin volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Consumer driving, fuel prices, and competitive pricing affect gallons sold and profitability.

    Kohdistuu: Retail fuel and wholesale fuel sales

  2. Supply chain and transportation disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The business relies on third-party pipelines, vessels, terminals, and suppliers to move refined products.

    Kohdistuu: Retail fuel availability and delivered cost

  3. Data security and privacy breachVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company processes large amounts of customer payment data and uses third-party technology vendors.

    KohdistuuCustomer dataPayment systemsCompliance
  4. Operational accidents and insurance gapsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Fuel retailing involves fire, environmental, and workplace hazards that can exceed insurance coverage.

    Kohdistuu: Store operations and liability claims

  5. Store development executionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Growth depends on a multi-year pipeline of new sites and timely capital deployment.

    Kohdistuu: Store count growth and capital efficiency

Kysy Clarifolta: Murphy USA Inc.

Kirjanpito

Harkinnanvaraiset erät
Seasonality and same-store sales

Fuel volumes and operating income are typically highest in Q2 and Q3, making quarterly comparisons uneven.

Vaikutus: Affects revenue, margins, and operating income comparability

Asset retirement obligations

Fuel retail sites may require future remediation or closure-related costs that depend on estimates.

Vaikutus: Affects liabilities and accretion expense

Lease and occupancy accounting

Store sites and related obligations influence reported operating costs and capital intensity.

Vaikutus: Affects store expense structure and balance sheet commitments

Rewards and discount programs

Fuel discounts and MDR redemptions affect reported sales metrics and same-store sales calculations.

Vaikutus: Affects revenue comparability and customer traffic analysis

Acquisition-related goodwill and intangibles

QuickChek and other acquired assets may require impairment testing if performance weakens.

Vaikutus: Affects non-cash charges and reported earnings

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

CrossAmerica Partners LP

CAPL · Wholesale-Petroleum & Petroleum Products (No Bulk Stations)

Sunoco LP

SUN · Petroleum Refining

ARKO Corp.

ARKO · Retail-Convenience Stores

Murphy Oil Corporation

MUR · Crude Petroleum & Natural Gas

The Kroger Company

KR · Retail-Grocery Stores

Suburban Propane Partners, L.P

SPH · Retail-Miscellaneous Retail

Päivitetty: 24.9.2026

Murphy USA Inc. (MUSA) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo