Earnings summaries and quarterly performance for Murphy USA.
Executive leadership at Murphy USA.
Andrew Clyde
Detailed
Chief Executive Officer
CEO
CC
Chris Click
Detailed
EVP, Strategy, Growth & Innovation
DR
Donald R. Smith Jr.
Detailed
Interim Chief Financial Officer
MW
Mindy West
Detailed
President and Chief Operating Officer
RB
Renee Bacon
Detailed
SVP, Store Operations & Chief Merchandising Officer
RC
Robert Chumley
Detailed
SVP & Chief Digital Officer
Board of directors at Murphy USA.
CD
Claiborne Deming
Detailed
Director
DG
David Goebel
Detailed
Director
DH
David Haley
Detailed
Director
DM
David Miller
Detailed
Director
DL
Diane Landen
Detailed
Director
JT
Jack Taylor
Detailed
Director
JK
James Keyes
Detailed
Director
JP
Jeanne Phillips
Detailed
Director
RM
R. Madison Murphy
Detailed
Chairman of the Board
RT
Rosemary Turner
Detailed
Director
Research analysts who have asked questions during Murphy USA earnings calls.
AB
Anthony Bonadio
Wells Fargo
5 questions for MUSA
Also covers: ARKO, CASY, GO
Bonnie Herzog
Goldman Sachs
4 questions for MUSA
Also covers: CASY, CCEP, CELH +21 more
Corey Tarlowe
Jefferies
4 questions for MUSA
Also covers: AEO, ANF, BOOT +14 more
Bradley Thomas
KeyBanc Capital Markets Inc.
3 questions for MUSA
Also covers: CENT, ETD, FIVE +10 more
Jacob Aiken-Phillips
Melius Research
3 questions for MUSA
Also covers: ACI, BROS, CASY +10 more
PS
Pooran Sharma
Stephens Inc.
3 questions for MUSA
Also covers: ADM, ANDE, AVO +12 more
BG
Bobby Griffin
Raymond James Financial
2 questions for MUSA
Also covers: ARKO, CASY, DLTR +11 more
Robert Griffin
Raymond James & Associates, Inc.
2 questions for MUSA
Also covers: ARKO, CASY, LEG +7 more
IN
Irene Nattel
RBC Capital Markets
1 question for MUSA
Also covers: CASY
JR
John Royall
JPMorgan Chase & Co.
1 question for MUSA
Also covers: CASY, CNQ, CVE +13 more
Recent press releases and 8-K filings for MUSA.
Murphy USA Provides Q4 2025 Update and 2026 Outlook
MUSA
Guidance Update
New Projects/Investments
Management Change
- Murphy USA provided 2026 EBITDA guidance of $1 billion and reiterated its long-term EBITDA target of $1.2 billion by 2028, with growth driven by sustaining 50+ new-to-industry (NTI) stores annually (each class expected to generate $35 million-$40 million of EBITDA at maturity) and executing initiatives, though a more volatile fuel environment is needed to reach the higher target.
- The company anticipates 2026 fuel margins to be around $0.30 per gallon, reflecting a low volatility environment, and expects to invest 1-2 cents per gallon to maintain its competitive position, which may lead to 1%-3% same-store volume pressure.
- Operating expenses (OpEx) grew by 3.3% in 2025, below initial guidance, and are projected to remain below 5% in 2026 due to initiatives like self-maintenance (saving ~$2 million) and loss prevention (cutting shrink by over $4 million); the long-term run rate is expected to be around 4%.
- Under new CEO Mindy West, core strategies remain unchanged, but the company is focusing on cultural evolution for quicker collaboration, nimble decision-making, and increased innovation to reduce reliance on fuel and tobacco, attract new customers, and improve store productivity.
1 hour ago
Murphy USA Discusses Q4 2025 Results and 2026 Outlook
MUSA
Earnings
Guidance Update
CEO Change
- Murphy USA outlined its path to a $1.2 billion EBITDA target by 2028, driven by sustaining 50+ New-to-Industry (NTI) stores annually, with each class of 50 stores expected to generate $35 million-$40 million in EBITDA at maturity after a three-year ramp.
- The company achieved 3.3% per-store expense (OPEX) growth in 2025, below initial guidance, and expects continued low growth in 2026 due to initiatives like self-maintenance (saving $2 million) and loss prevention (saving over $4 million).
- For 2026, Murphy USA anticipates an all-in fuel margin of approximately $0.30 per gallon, reflecting an environment of relatively low volatility and stable, low fuel prices.
- CEO Mindy West, in her first call as CEO, emphasized a strategic focus on cultural evolution for quicker collaboration and nimble decision-making, aiming for more innovation to reduce reliance on fuel and tobacco while strengthening core business and attracting new customers.
- The company is proactively investing an additional $6 million-$8 million in maintenance capital to replace end-of-life equipment, which is expected to improve uptime and customer experience while generating future maintenance expense savings.
2 hours ago
Murphy USA Discusses Q4 2025 Results and 2026 Outlook
MUSA
Earnings
Guidance Update
New Projects/Investments
- Murphy USA reported on its Q4 and full year 2025 results, providing a 2026 EBITDA guidance of approximately $1 billion and a long-term target of $1.2 billion by 2028.
- The company anticipates a fuel margin outlook of around $0.30 per gallon for 2026, expecting continued low volatility and stable fuel prices, which will likely lead to ongoing volume pressure requiring competitive pricing.
- Per-store expense growth (OPEX) was 3.3% in 2025 and is projected to remain below 5% in 2026, with an expected long-term run rate of 4%, driven by savings from self-maintenance and shrink reduction.
- Strategic initiatives include sustaining 50+ new-to-industry (NTI) stores annually, with each class expected to generate $35 million-$40 million of EBITDA at maturity after a three-year ramp, and pursuing small tuck-in acquisitions.
2 hours ago
Murphy USA Inc. Reports Q4 2025 Results and Issues 2026 Guidance
MUSA
Earnings
Guidance Update
Share Buyback
- Murphy USA Inc. reported net income of $141.9 million, or $7.53 per diluted share, for Q4 2025, and $470.6 million, or $24.10 per diluted share, for the full year 2025.
- Adjusted EBITDA for Q4 2025 was $290.9 million, and for the full year 2025, it was $1,019.4 million.
- The company repurchased approximately 1.5 million common shares for a total of $652.0 million during 2025 and paid a quarterly cash dividend of $0.63 per share on December 1, 2025, representing an 18.9% increase from September 2025.
- For 2026, Murphy USA provided guidance including 45 to 55 new stores, merchandise contribution between $890 million and $900 million, and capital expenditures ranging from $475 million to $525 million.
21 hours ago
Murphy USA Inc. Reports Q4 and Full-Year 2025 Results and Issues 2026 Guidance
MUSA
Earnings
Guidance Update
Share Buyback
- Murphy USA reported Net Income of $141.9 million, or $7.53 per diluted share, for Q4 2025, which was nearly flat compared to Q4 2024. For the full year 2025, Net Income was $470.6 million, or $24.10 per diluted share, a decrease from $502.5 million in 2024.
- The company achieved strong operational results, with total fuel contribution of 34.3 cpg in Q4 2025 and a 2.1% increase in merchandise contribution dollars to $213.2 million. Murphy USA also added 51 new-to-industry (NTI) stores in 2025, bringing the total store count to 1,800 by year-end.
- Shareholder returns included repurchasing approximately 1.5 million shares for $652.0 million in 2025 and paying a quarterly cash dividend of $0.63 per share, representing an 18.9% increase from September 2025.
- For 2026, Murphy USA provided guidance including 45 to 55 new stores, projected merchandise contribution between $890 million and $900 million, and anticipated Net Income of $439 million and Adjusted EBITDA of $1.0 billion for modeling purposes.
21 hours ago
Murphy USA Announces CEO Succession, New Share Repurchase Program, and Q3 2025 Results
MUSA
CEO Change
Share Buyback
Guidance Update
- 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
Quarterly earnings call transcripts for Murphy USA.
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