Murphy USA (MUSA) Company Report

Murphy USA announced a leadership transition, with CEO Andrew Clyde retiring at the end of 2025 and Mindy West becoming President immediately and CEO on January 1, 2026.
The Board authorized a new $2 billion share repurchase program and renewed its dividend policy, expecting a 10% annual increase in the cash pool for dividends, starting with an additional 10% increase or $0.63 per share for the dividend payable on December 1 of this year.
For Q3 2025, Murphy USA reported $285 million in EBITDA, which was virtually flat year-over-year despite $0.02 per gallon lower fuel margins, and merchandise contribution dollars increased by $24.4 million or 11.2%.
The company updated its full-year 2025 guidance, tightening merchandise contribution to between $870 million and $875 million and adjusting fuel volume guidance to between 235,000 and 237,000 gallons per store per month.
New store openings are projected to be over 45 for 2025, with a strong pipeline supporting 50+ stores in 2026 and beyond.

Oct 30, 2025, 3:00 PM

MUSA Announces CEO Transition, New Capital Allocation Plan, and Q3 2025 Results with Updated 2025 Guidance

MUSA

CEO Change

Share Buyback

Dividends

Andrew Clyde will retire as CEO of Murphy USA at the end of 2025, with Mindy West immediately becoming President and taking over as CEO on January 1, 2026.
The Board authorized a new $2 billion share repurchase program through 2030 and renewed the dividend policy, expecting 10% annual growth in payout, including an additional $0.63 per share increase for the dividend payable on December 1, 2025.
For Q3 2025, Murphy USA reported $285 million in EBITDA, which was virtually flat year-over-year, and merchandise margin contribution dollars increased by $24.4 million or 11.2%.
The company updated its 2025 guidance, adjusting full-year fuel volume to 235,000-237,000 gallons per store per month and tightening merchandise contribution dollars to $870 million-$875 million, with an anticipated adjusted EBITDA of approximately $1 billion for the full year.

Oct 30, 2025, 3:00 PM

Murphy USA Announces CEO Transition, New Share Repurchase Program, and Updated 2025 Guidance

MUSA

CEO Change

Share Buyback

Guidance Update

Andrew Clyde will retire as President and CEO of Murphy USA at the end of 2025, with Mindy West becoming President immediately and taking over as CEO and a Board member on January 1, 2026.
The Board authorized a new $2 billion share repurchase program through 2030 and plans to grow the dividend payout 10% annually, starting with an additional 10% increase or $0.63 per share for the dividend payable on December 1, 2025.
For Q3 2025, Murphy USA reported $285 million in EBITDA, which was virtually flat compared to the prior year despite lower fuel margins, and merchandise contribution dollars increased by $24.4 million or 11.2%.
The company updated its full-year 2025 guidance, tightening merchandise contribution to the upper end of the range at $870 million to $875 million and adjusting fuel volume guidance to 235,000 to 237,000 gallons per store per month.
Murphy USA expects to open over 45 new stores in 2025 and has a strong pipeline supporting 50+ new stores in 2026 and into the future.

Oct 30, 2025, 3:00 PM

Murphy USA Announces Leadership Transition, New Buyback Program, and Q3 Earnings

MUSA

CEO Change

Share Buyback

Dividends

Murphy USA is undergoing a leadership transition, with Mindy K. West appointed President and Chief Operating Officer immediately, and set to become President and CEO on January 1, 2026, succeeding Andrew Clyde.
The company's Board approved a new $2 billion share repurchase program expiring in 2030, commencing after the completion of the existing $1.5 billion plan, and raised the quarterly dividend by approximately 19%.
For the third quarter, Murphy USA reported earnings of $129.9 million, or $6.76 per share, which was down from $149.2 million, or $7.20 per share, in the previous year.

Oct 30, 2025, 3:11 AM

Murphy USA Inc. Announces CEO Transition and Capital Allocation Strategy Updates

MUSA

CEO Change

Dividends

Share Buyback

Mindy K. West will succeed Andrew Clyde as President and Chief Executive Officer of Murphy USA Inc., effective January 1, 2026.
The Board approved a new share repurchase program for up to $2 billion, set to expire on December 31, 2030, which will commence upon the completion of the current authorization that has $337 million remaining.
A quarterly cash dividend of $0.63 per Common share was declared, representing a 19% increase from the Q3 2025 dividend, payable on December 1, 2025.
The company reaffirmed its 50/50 long-term capital allocation strategy, including a renewed policy to increase its annual dividend pool by 10% for another 5 years and an incremental 10% for the next twelve months.

Oct 29, 2025, 8:38 PM

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