Murphy USA’s new-to-industry (NTI) store program is gaining momentum, President and CEO Andrew Clyde said Wednesday in announcing the convenience-store chain’s second-quarter 2025 financial results.
The El Dorado, Arkansas-based company had a total of 1,766 c-stores—1,612 Murphy USA/Express stores and 154 QuickChek stores—as of June 30.
In the second quarter of this year, it opened five new-to-industry and nine raze-and-rebuild Murphy USA/Express stores, and it opened one NTI QuickChek store. Thirty-nine stores, including new builds and rebuilds, were under construction at the end of the second quarter.
- Murphy USA is No. 4 on CSP’s 2025 Top 202 ranking of U.S. convenience-store chains by store count.
Clyde said Murphy USA was poised to open 50 new stores over the next year, “which will help drive EBITA growth into 2026 and beyond.”
“Second-quarter results highlighted the resiliency of Murphy USA’s advantaged model, delivering stronger financial results despite relatively low fuel price volatility and slightly weaker customer traffic,” Clyde said in a statement. “Supply margins improved modestly in the second quarter, driving all-in fuel margins of 32 cents per gallon, up 30 basis points versus the prior-year quarter. We remain focused on store profitability, as evidenced by favorable sequential and [year-over-year] comparisons in store operating expenses and general and administrative costs.”
Other highlights include:
- Net income was $145.6 million in second-quarter 2025, compared to $144.8 million in second-quarter 2024.
- Total fuel contribution was 32 cents per gallon in second-quarter compared to 31.7 cpg in second-quarter 2024.
- Merchandise contribution dollars for the latest quarter increased 1% to $218.7 million on average unit margins of 20%. This was primarily driven by higher overall merchandise sales volumes.
- Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $286 million in the second quarter compared to $278.6 million in the year prior.
Murphy USA operates one of the nation’s largest convenience-store chains, operating in 27 states, located primarily in the Southwest, Southeast, Midwest and Northeast, the majority of which are next to Walmart Supercenters. It acquired the QuickChek brand in January 2021.
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