{
  "url": "https://struct.news/briefs/murphy-usas-37-fuel-price-jump-powered-a-36-sales-surge-not-a-margin-leap",
  "title": "Murphy USA’s 37% fuel-price jump powered a 36% sales surge, not a margin leap",
  "summary": "Accounts receivable rose 28% even as cash climbed to $175.4 million.",
  "published_at": "2026-08-06T20:38:43.341842+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Murphy USA Inc.",
    "ticker": "MUSA",
    "cik": "1573516",
    "sector": "Consumer Cyclical",
    "industry": "Specialty Retail"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-06",
    "accession": "0001573516-26-000166",
    "url": "https://www.sec.gov/Archives/edgar/data/1573516/000157351626000166/musa-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-07-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1573516/000157351625000049/musa-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 19384000000,
      "display": "$19.4B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001573516-26-000166",
        "filing_date": "2026-08-06"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": -4.2495912429671545,
      "display": "-4.2%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001573516-26-000166",
        "filing_date": "2026-08-06"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 3.706665290961618,
      "display": "+3.7%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001573516-26-000166",
        "filing_date": "2026-08-06"
      }
    }
  ],
  "watch_next": [
    {
      "type": "pricing",
      "statement": "Fuel pricing was the largest disclosed contributor to the three-month revenue increase, with average retail fuel sales prices up 37.4% year over year.",
      "importance": "medium",
      "evidence": "The increase in revenues was primarily due to a 37.4% increase in the average retail fuel sales price during the quarter in addition to an increase of 3.9% in retail fuel volumes and a 3.6% increase in merchandise sales revenue.",
      "source_date": "2026-08-06"
    },
    {
      "type": "demand",
      "statement": "Retail fuel volumes rose 3.9% in the three months ended June 30, alongside a 4.0% improvement in merchandise contribution.",
      "importance": "medium",
      "evidence": "The increase in revenues was primarily due to a 37.4% increase in the average retail fuel sales price during the quarter in addition to an increase of 3.9% in retail fuel volumes and a 3.6% increase in merchandise sales revenue.",
      "source_date": "2026-08-06"
    }
  ],
  "related_tickers": [
    "MUSA"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}