Anthony Bonadio

Bonnie Herzog

Corey Tarlowe

Bradley Thomas

Jacob Aiken-Phillips

Pooran Sharma

Bobby Griffin

Robert Griffin

Irene Nattel

John Royall

- 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**.  **[0001573516_2216814_1]** 
- 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.  **[0001573516_2216814_1]** **[0001573516_2216814_6]** 
- 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%**.  **[0001573516_2216814_4]** 
- 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**.  **[0001573516_2216814_2]** **[0001573516_2216814_7]** 
- New store openings are projected to be **over 45 for 2025**, with a strong pipeline supporting **50+ stores in 2026 and beyond**.  **[0001573516_2216814_2]** **[0001573516_2216814_7]**

Murphy USA Announces CEO Succession, New Share Repurchase Program, and Q3 2025 Results

- 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.  **[1573516_09a9cc78a79f46d3bd6d5448de6e2fbc]** 
- 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%**.  **[1573516_09a9cc78a79f46d3bd6d5448de6e2fbc]** 
- 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.  **[1573516_09a9cc78a79f46d3bd6d5448de6e2fbc]**

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

- **Mindy K. West** will succeed Andrew Clyde as President and Chief Executive Officer of Murphy USA Inc., effective **January 1, 2026**.  **[1573516_0001573516-25-000071_exhibit9912025q4divrepurch.htm:0]** 
- 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**.  **[1573516_0001573516-25-000071_exhibit9912025q4divrepurch.htm:0]** **[1573516_0001573516-25-000071_musa-20251023.htm:3]** 
- 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**.  **[1573516_0001573516-25-000071_exhibit9912025q4divrepurch.htm:0]** **[1573516_0001573516-25-000071_musa-20251023.htm:3]** 
- 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**.  **[1573516_0001573516-25-000071_exhibit9912025q4divrepurch.htm:0]** **[1573516_0001573516-25-000071_exhibit9912025q4divrepurch.htm:2]**

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

Murphy USA (MUSA)