Description
Murphy USA Planning Up To 55 New Sites In 2026 While Full-Year Guidance Stays Unchanged!
Murphy USA reported a strong first quarter of 2026, driven by favorable fuel supply results amid a volatile energy market and a solid performance in their retail operations. The company rebranded its PS&W plus RINs business as fuel supply, simplifying segment reporting. The first quarter saw inventory revaluation gains in fuel supply contributing $0.069 per gallon, with the core fuel supply business generating $0.025 per gallon excluding these gains. The heightened volatility in fuel prices means that quarter-to-quarter results in this segment are expected to fluctuate depending on price direction and magnitude. Retail fuel volumes remained resilient, with April volumes flat on a per-store-month basis year-over-year despite earlier weather-related headwinds and regional competitive pressures. The company noted a gradual shift in consumer behavior, observing increased trade down to Murphy USA stores, particularly as fuel prices have moved above $4 a gallon in some markets.
