Murphy USA Inc.

Murphy USA Inc. ( MUSA ) Q3 2026 Earnings Call October 29, 2026 11:00 AM EDT Company Participants Christian Pikul - Vice President of Investor Relations & FP&A Mindy West - President, CEO & Director Conference Call Participants Jacob Aiken-Phillips - Melius Research LLC Bonnie Herzog - Goldman Sachs Group, Inc., Research Division Thomas Palmer - JPMorgan Chase & Co, Research Division Edward Kelly - Wells Fargo Securities, LLC, Research Division Robert Griffin - Raymond James & Associates, Inc., Research Division Pooran Sharma - Stephens Inc., Research Division Daniel Guglielmo - Capital One Securities, Inc., Research Division Bradley Thomas - KeyBanc Capital Markets Inc., Research Division Presentation Operator Thank you for standing by. My name is Freda, and I will be your conference operator today.

Murphy USA delivered strong Q3 earnings, driven by elevated fuel margins and resilient consumer demand, sending shares up 4%. Q3 fuel margins reached 37cpg, volumes outperformed structural headwinds, and merchandise sales remained stable despite tough nicotine comps. MUSA maintains a robust balance sheet and disciplined expense management and continues aggressive share repurchases, supporting shareholder returns.

While the top- and bottom-line numbers for Murphy USA (MUSA) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Murphy USA (MUSA) came out with quarterly earnings of $9.59 per share, beating the Zacks Consensus Estimate of $8.09 per share. This compares to earnings of $7.25 per share a year ago.