Murphy USA (MUSA) Q2 FY26 earnings call

Murphy USA delivered resilient Q2 FY26 results, driven by strong fuel margin performance and growth in merchandise contribution, despite consumer budget pressures and market volatility. Management maintains a conservative outlook for the second half, emphasizing operational execution and the benefits of its loyalty program and strategic asset base. The company continues to invest in new store development and existing store lifecycle improvements, while also returning capital to shareholders through share repurchases.