XML 26 R5.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Revenues      
Total operating revenues $ 19,384.0 $ 20,244.3 $ 21,529.4
Operating Expenses      
Store and other operating expenses 1,108.5 1,064.6 1,014.8
Depreciation and amortization 276.8 248.0 228.7
Impairment of properties 5.3 8.2 0.0
Selling, general and administrative 231.5 235.4 240.5
Restructuring expense 12.6 0.0 0.0
Accretion of asset retirement obligations 3.4 3.2 3.0
Total operating expenses 18,662.7 19,496.9 20,702.6
Gain (loss) on sale of assets (2.8) (4.5) (0.8)
Income (loss) from operations 718.5 742.9 826.0
Other income (expense)      
Investment (income) loss 0.2 6.4 6.9
Interest expense (110.9) (97.1) (98.5)
Other nonoperating income (expense) 1.4 (0.6) 0.0
Total other income (expense) (109.3) (91.3) (91.6)
Income before income taxes 609.2 651.6 734.4
Income tax expense (benefit) 138.6 149.1 177.6
Net Income $ 470.6 $ 502.5 $ 556.8
Basic and Diluted Earnings Per Common Share:      
Basic (in dollars per share) $ 24.38 $ 24.47 $ 25.91
Diluted (in dollars per share) $ 24.10 $ 24.11 $ 25.49
Weighted-average shares outstanding (in thousands):      
Basic (in shares) 19,303 20,533 21,493
Diluted (in shares) 19,526 20,842 21,843
Supplemental information:      
Includes excise taxes $ 2,366.1 $ 2,334.9 $ 2,291.2
Petroleum product sales      
Operating Revenues      
Total operating revenues [1] 14,862.8 15,891.8 17,104.4
Operating Expenses      
Cost of goods sold [1] 13,589.8 14,556.4 15,929.7
Merchandise sales      
Operating Revenues      
Total operating revenues 4,303.8 4,214.8 4,089.3
Operating Expenses      
Cost of goods sold 3,434.8 3,381.1 3,285.9
Other operating revenues      
Operating Revenues      
Total operating revenues $ 217.4 $ 137.7 $ 335.7
[1] Includes excise taxes of $2,366.1 million, $2,334.9 million and $2,291.2 million for the years ended December 31, 2025, 2024 and 2023, respectively.