Welcome to our dedicated page for Murphy Usa news (Ticker: MUSA), a resource for investors and traders seeking the latest updates and insights on Murphy Usa stock.
Murphy USA Inc. (NYSE: MUSA) generates frequent news as a retailer of gasoline and convenience merchandise with a large U.S. store network. Company announcements cover its operations as a leading marketer of retail motor fuel products and convenience merchandise, with more than 1,700 stores located primarily in the Southwest, Southeast, Midwest and Northeast United States under the Murphy USA, Murphy Express and QuickChek brands.
On this page, readers can follow MUSA news related to quarterly earnings, operational updates and corporate actions. Recent releases have detailed first, second and third quarter results, including net income, earnings per share, fuel contribution metrics, merchandise contribution, and trends in nicotine and non-nicotine categories. The company also reports on store openings, new-to-industry locations, raze-and-rebuild projects, and total store counts across its banners.
Murphy USA news also includes capital allocation and shareholder return updates, such as share repurchase authorizations and quarterly cash dividend declarations and increases. The Board of Directors has announced new share repurchase programs and dividend rate changes, providing insight into how the company balances growth investments with returns to shareholders.
Governance and leadership developments are another key news theme. The company has reported appointments of independent directors, committee assignments, and executive transitions, including the planned change in the Chief Executive Officer role and related advisory and severance arrangements disclosed in 8-K filings and press releases.
Investors and observers who follow Murphy USA news can also see announcements about conference calls, investor conference participation, and quarter-to-date operational updates. These releases provide additional context on fuel margins, fuel volumes, merchandise sales and margins, operating expenses, and the status of NTI and raze-and-rebuild projects under construction. Bookmark this page to track the latest official MUSA news and company communications in one place.
Murphy USA announced a successful fundraising campaign, exceeding its initial goal by donating $1.55 million to the Boys & Girls Clubs of America for 2020. The 'Great Futures Fueled Here' campaign, launched amid the pandemic, encouraged customers to contribute through small donations at checkout. This effort highlighted the community's responsiveness to pressing needs during the crisis. The campaign concluded in September, and funds will support local Clubs, serving over 4.6 million children annually.
Murphy USA (NYSE: MUSA) will participate in the Stephens Annual Investment Conference on November 18, 2020, at 3:00 PM ET. The event will be held virtually, and investors can access the webcast through Murphy USA's Investor Relations page. The company operates nearly 1,500 retail gasoline stations primarily in the Southwest, Southeast, and Midwest, serving about 1.7 million customers daily. Murphy USA ranks 262 in the Fortune 500 and focuses on proximity to Walmart stores, enhancing convenience for its customers.
Murphy USA (NYSE: MUSA) has updated its capital allocation strategy, approving two key programs to enhance shareholder value. The company aims for $500 million in Adjusted EBITDA for 2021 and is nearing the completion of a $400 million share repurchase program, with $7 million remaining. A new $500 million repurchase plan will commence upon completion of the current one. Additionally, a quarterly dividend of $0.25 per share will start on December 1, 2020. Murphy USA also plans to open 50 New-To-Industry locations annually beginning in 2021 while exploring M&A for strategic growth.
Murphy USA reported Q3 2020 net income of $66.9 million or $2.27 per diluted share, down from $69.2 million or $2.18 in Q3 2019. Total fuel contribution was 22.3 cpg, up from 20.1 cpg a year earlier, despite an 11.9% drop in retail gallons sold. Merchandise contribution rose 6.2% to $118.1 million. SG&A expenses increased due to a $10 million charitable donation. The company opened 4 new stores during the quarter, with plans for more than 1,500 stores by year-end. Cash reserves stood at $317.5 million.
Murphy USA (NYSE: MUSA) will announce its preliminary third quarter 2020 earnings results on October 28, 2020, post-market. A conference call is scheduled for October 29, 2020, at 10:00 a.m. CT, where interested participants can dial 1-833-968-2218, using conference ID 4728178. The call will also be available via webcast on Murphy USA’s Investor Relations website. With nearly 1,500 retail sites across 25 states, Murphy USA serves around 1.7 million customers daily and ranks 262 on the Fortune 500 list.
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Murphy USA will present virtually at the Goldman Sachs 27th Annual Global Retailing Conference on September 9, 2020, at 2:30 PM ET. The event can be accessed via their Investor Relations website. Murphy USA operates nearly 1,500 retail sites primarily in the Southwest, Southeast, and Midwest of the U.S., serving around 1.7 million customers daily. The company is ranked 262 in Fortune 500, with a workforce of nearly 10,000 employees. Most sites are near Walmart stores, and they also operate standalone Murphy Express locations.
Murphy USA (NYSE: MUSA) has announced that its employees and customers have raised over $1 million for the Boys & Girls Clubs of America during 2020, significantly surpassing their original goal of $500,000. This fundraising effort is part of the 'Great Futures Fueled Here' campaign, which started on April 1 and involves nearly 1,500 stores across 25 states. Contributions can be made at checkout in increments of $1, $2, or $5 or by rounding up purchases.
Murphy USA Inc. (NYSE: MUSA) reported strong Q2 2020 financial results with a net income of $168.9 million ($5.73 per share) compared to $32.7 million ($1.01 per share) in Q2 2019. The total fuel contribution surged to 38.3 cpg, up from 14.7 cpg year-over-year, despite retail gallons sold decreasing by 25.7%. Merchandise contribution rose 12.2% to $118.4 million. The company opened 3 new stores and divested 9 Minnesota locations. Murphy USA maintained a robust cash position of $403.6 million, enabling strategic capital investments in future growth.
Murphy USA (NYSE: MUSA) will announce its preliminary second quarter 2020 earnings results on July 21, 2020, before the market opens. A conference call is scheduled for 10:00 a.m. CT, where interested participants can join by dialing 1-833-968-2218 or via webcast on the Investor Relations section of Murphy USA's website. The company operates approximately 1,489 retail sites across 26 states, serving around 1.7 million customers daily, primarily located near Walmart stores. Murphy USA ranks 262 on the Fortune 500 list.