Murphy USA Inc. balance sheet
At the end of fiscal 2025, Murphy USA Inc. had total assets of $4.73bn, total liabilities of $4.10bn and shareholders' equity of $624m. It held $28.9m in cash against $2.18bn of debt: net debt of $2.15bn.
Balance sheet
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 37 | 57 | 295 | 327 | 34 | 154 | 170 | 185 | 280 | 164 | 256 | 61 | 118 | 47 | 29 | 162 |
| Receivables | — | 529 | 193 | 138 | 136 | 184 | 225 | 139 | 173 | 169 | 196 | 282 | 337 | 269 | 276 | 378 |
| Inventory | — | 217 | 179 | 157 | 156 | 153 | 183 | 222 | 228 | 279 | 292 | 319 | 341 | 402 | 413 | 398 |
| Total current assets | — | 822 | 682 | 691 | 436 | 516 | 614 | 570 | 711 | 625 | 768 | 727 | 827 | 748 | 748 | 1,011 |
| Goodwill | — | — | — | — | — | — | — | — | — | 0 | 328 | 328 | 328 | 328 | 328 | 328 |
| Total assets | 1,785 | 1,992 | 1,889 | 1,949 | 1,886 | 2,089 | 2,331 | 2,361 | 2,687 | 2,686 | 4,048 | 4,123 | 4,340 | 4,542 | 4,726 | 5,181 |
| Total current liabilities | — | 734 | 527 | 413 | 392 | 515 | 533 | 478 | 505 | 531 | 675 | 854 | 873 | 948 | 929 | 1,158 |
| Short-term debt | — | 0 | 14 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-term debt | — | 1 | 548 | 492 | 490 | 630 | 861 | 842 | 999 | 951 | 1,800 | 1,792 | 1,785 | 1,833 | 2,164 | 2,167 |
| Total debt | 0 | 1 | 562 | 492 | 490 | 670 | 881 | 863 | 1,038 | 1,002 | 1,815 | 1,807 | 1,800 | 1,848 | 2,183 | 2,188 |
| Total liabilities | — | 888 | 1,225 | 1,091 | 1,094 | 1,392 | 1,593 | 1,554 | 1,884 | 1,902 | 3,241 | 3,483 | 3,511 | 3,702 | 4,102 | 4,387 |
| Shareholders' equity | 1,119 | 1,104 | 656 | 859 | 792 | 697 | 738 | 807 | 803 | 784 | 807 | 641 | 829 | 840 | 624 | 794 |
| Net debt (negative = net cash) | −37 | −56 | 267 | 165 | 457 | 516 | 711 | 679 | 758 | 839 | 1,559 | 1,746 | 1,682 | 1,801 | 2,154 | 2,026 |
| Shares outstanding | — | — | 47m | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 269 | 272 | 296 | 304 | 276 | 354 | 379 | 378 |
| Inventory | 402 | 364 | 398 | 387 | 413 | 363 | 417 | 398 |
| Total current assets | 748 | 716 | 776 | 763 | 748 | 871 | 1,008 | 1,011 |
| Goodwill | 328 | 328 | 328 | 328 | 328 | 328 | 328 | 328 |
| Total assets | 4,542 | 4,503 | 4,622 | 4,677 | 4,726 | 4,866 | 5,085 | 5,181 |
| Total current liabilities | 948 | 892 | 976 | 940 | 929 | 1,050 | 1,090 | 1,158 |
| Long-term debt | 1,833 | 1,974 | 2,067 | 2,223 | 2,164 | 2,137 | 2,167 | 2,167 |
| Total debt | 1,833 | 1,974 | 2,067 | 2,223 | 2,164 | 2,137 | 2,167 | 2,167 |
| Total liabilities | 3,702 | 3,783 | 3,976 | 4,131 | 4,102 | 4,208 | 4,302 | 4,387 |
| Shareholders' equity | 840 | 720 | 646 | 546 | 624 | 659 | 783 | 794 |
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