Massive EPS beat driven by fuel margin expansion and strong merchandise performance. Watch for sustainability of fuel margins in Q2; April commentary suggests continued strength. The stock should react positively on the open.
Price Chart
Executive Summary
Murphy USA reported Q1 2026 diluted EPS of $7.28, crushing consensus of $4.79 by 52%, on revenue of $4.82B (+6.5% YoY). Fuel contribution surged 40.6% to $403.9M on higher margins and volumes, while merchandise contribution rose 7.3% to $210.2M. Management noted strong April momentum with all-in fuel margins expected between 35-40 cpg.
Key Financial Metrics
Key Facts
- Diluted EPS $7.28 vs consensus $4.79 (beat by 52%)
- Revenue $4,819.3M vs $4,525.4M in Q1 2025 (+6.5%)
- Total fuel contribution $403.9M vs $287.3M (+40.6%)
- Merchandise contribution $210.2M vs $195.9M (+7.3%)
- Operating cash flow $320.0M; free cash flow $221.7M
- Repurchased 169,000 shares for $70.9M in Q1
Financial Impact
EPS beat of $2.49 (52%) on consensus, representing a ~$47M net income upside vs expectations
Risk Factors
- Fuel price volatility could compress margins in subsequent quarters
- Consumer spending shifts may impact non-nicotine merchandise sales
- Regulatory changes on nicotine products could pressure high-margin tobacco sales
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001573516-26-000127 |
| Document: musa-20260429.htm | 0001573516-26-000127 |
| Document: 0001573516-26-000127-index-headers.html | 0001573516-26-000127 |
| Document: 0001573516-26-000127-index.html | 0001573516-26-000127 |
| Document: 0001573516-26-000127.txt | 0001573516-26-000127 |
| 8-K Data (Synthetic) | 0001573516-26-000127 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 27, 2026 18w ago | 8-K | $511.57 $569.72 | ▲ +11.37% | ▲ +9.63% | $514.23 (+0.52%) |
May 12, 2026 20w ago | 8-K | $576.96 $536.18 | ▼ −7.07% | ▼ −11.45% | $514.23 (−10.87%) |
May 4, 2026 21w ago | 144 | $604.52 $616.10 | ▲ +1.92% | ▼ −0.82% | $514.23 (−14.94%) |
Apr 29, 2026 22w ago | 8-K | $587.33 $610.44 | ▲ +3.93% | ▲ +0.83% | $514.23 (−12.45%) |
Feb 26, 2026 31w ago | Insider Cluster | $386.19 $544.51 | ▲ +41.00% | ▲ +33.24% | $514.23 (+33.15%) |
Feb 26, 2026 31w ago | Insider Cluster | $386.19 $544.51 | ▼ −41.00% | ▼ −33.24% | $514.23 (−33.15%) |
Feb 23, 2026 31w ago | Insider Cluster | $391.53 $565.34 | ▲ +44.39% | ▲ +36.14% | $514.23 (+31.34%) |
US Market Status
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