Overview

* Murphy USA ( MUSA ) Q3 net income falls to $129.9 mln, impacted by restructuring charges

* Adjusted EBITDA in Q3 2025 beats analyst expectations

* Company announces new $2 bln share repurchase authorization

Outlook

* Company raises 2025 merchandise contribution guidance to $870-$875 mln

* SG&A cost guidance for 2025 lowered to $230-$240 mln due to restructuring

Result Drivers

* RESTRUCTURING IMPACT - Q3 net income affected by $12.6 mln restructuring charge aimed at streamlining operations

* MERCHANDISE CONTRIBUTION - Merchandise contribution dollars increased 11.3% to $241.2 mln, driven by higher margins and sales volumes

* PS&W CONTRIBUTION - Increased PS&W contribution including RINs by $21.8 mln due to timing of inventory movements and pricing impacts

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $6.76

Q3 Net $129.9

Income mln

Q3 Beat $285.1ml $277.23

Adjusted n mln (8

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

* Wall Street's median 12-month price target for Murphy USA Inc ( MUSA ) is $405.00, about 2.1% above its October 28 closing price of $396.45

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)