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 (MUSA) operates one of America's largest low-cost fuel retail networks with strategically located convenience stores. This page serves as the definitive source for official company announcements, financial updates, and operational developments.
Investors and industry observers will find curated press releases covering quarterly earnings, strategic partnerships, and fuel distribution innovations. The collection includes updates on store expansions, pricing strategies, and supply chain enhancements that drive Murphy USA's market leadership.
All content is sourced directly from company filings and verified channels, providing reliable information for making informed decisions. Regular updates ensure comprehensive tracking of Murphy USA's operational milestones and retail initiatives.
Bookmark this page for streamlined access to Murphy USA's latest developments. Combine these updates with SEC filings and earnings call transcripts for complete market analysis.
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.
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.
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