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 Inc. (MUSA) reported strong financial results for Q4 2020 with a net income of $61 million or $2.16 per diluted share, up from $47.6 million in Q4 2019. For the entire year, net income surged to $386.1 million, a notable increase from $154.8 million in 2019. Fuel contributions rose significantly to 19.8 cpg in Q4 and 25.2 cpg for 2020. Merchandise contributions also grew, reflecting strong sales. The company opened 15 new stores in Q4 and completed the acquisition of Quick Chek for $645 million, strengthening its market position.
Murphy USA has successfully completed the acquisition of Quick Chek Corporation, enhancing its network with 157 high-performing stores in the Northeast, increasing its total station count to over 1,650. The acquisition brings nearly 5,000 QuickChek employees into the Murphy USA family. To finance this transaction, Murphy USA secured a $350 million revolving credit facility, a $400 million secured term loan, and issued $500 million in senior unsecured notes. This strategic move aims to improve customer value through combined strengths and is expected to bolster revenue growth.
Murphy USA Inc. (NYSE: MUSA) has entered a new five-year supply agreement with Core-Mark Holding Company (NASDAQ: CORE), solidifying Core-Mark as its primary wholesale distributor. Core-Mark will supply over 75% of merchandise sold at Murphy USA stores, aimed at enhancing sales and margins through improved food and fresh offerings. This partnership seeks to foster profitable growth and operational excellence. Murphy USA operates over 1,500 stations, serving around 1.7 million customers daily across 25 states.
Murphy USA has priced a private offering of $500 million in senior notes due 2031 to finance its acquisition of Quick Chek and refinance existing debt. The notes offer a 3.750% interest rate, maturing on February 15, 2031, with interest paid semiannually. The offering is expected to close on January 29, 2021. In case the acquisition does not materialize, proceeds will be used for general corporate purposes. The notes are not registered under the Securities Act, and they will be offered to qualified institutional buyers only.
Murphy USA (NYSE: MUSA) has announced a planned private offering of $500 million in senior notes due 2031, facilitated by its subsidiary, Murphy Oil USA. The funds are earmarked to partially finance the acquisition of Quick Chek Corporation and to repay existing debt. If the acquisition does not proceed, proceeds will be used for general corporate purposes. The notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers. Murphy USA operates over 1,500 retail stations and ranks 262 on the Fortune 500 list.
Murphy USA reported strong preliminary financial results for Q4 and the full year 2020. Net income for Q4 was $61.0 million, up from $47.6 million in 2019. Full-year net income rose to $386.1 million from $154.8 million. Key metrics include a diluted earnings per share increase to $2.16 and an Adjusted EBITDA of $136.3 million for Q4, totaling $722.7 million for the year. The company also announced plans for a $645 million acquisition of QuickChek, aimed at enhancing food and beverage capabilities, with a quarterly dividend of $0.25 per share.
Murphy USA has officially opened its 1500th location in Mesquite, Texas, marking a significant milestone for the company. This new 2800 square foot Murphy Express will operate 24 hours, featuring low-priced gasoline and a range of convenience items. As part of its growth strategy, Murphy USA aims to open up to 50 new stores annually starting in 2021. In celebration, customers can earn 2x Murphy Drive Rewards points on eligible fuel purchases throughout the month. Murphy USA operates in 25 states with nearly 10,000 employees, serving about 1.7 million customers daily.
Murphy USA announced its acquisition of QuickChek Corporation for $645 million in cash, netting $625 million after tax benefits. This strategic move aims to enhance Murphy USA's food and beverage capabilities, capitalizing on QuickChek's strong brand and proven growth in convenience markets. The deal is expected to yield annual synergies of $28 million by year three and aims for earnings accretion by 2022. The acquisition will be financed through a combination of cash, credit facilities, and new debt, with closing anticipated in Q1 2021.
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.
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