Every 8-K that MURPHY USA INC. (MUSA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow MUSA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MUSA filings page.
Murphy USA Inc. (MUSA) reported that its Board of Directors appointed Anish K. Shah as Vice President & Controller, effective September 1, 2026, and he will also serve as the company’s principal accounting officer. On that date, Senior Vice President, Chief Financial Officer and Treasurer Donald R. Smith, Jr. will cease serving as principal accounting officer but will continue in his existing senior finance roles.
Shah, age 53, brings more than 30 years of accounting, finance, audit and advisory experience, most recently as an Assurance Partner at PricewaterhouseCoopers LLP working with energy, utilities and renewables clients. His compensation package includes an annual base salary of $360,000, a target annual cash bonus opportunity equal to 50% of base salary, and a target long-term equity incentive award opportunity equal to 80% of base salary. He will also receive a one-time cash sign-on bonus of $25,000 and may receive relocation benefits under company policy. The company states there are no family relationships or related-party transactions involving Shah that require disclosure.
Murphy USA Inc. declared a higher quarterly cash dividend of $0.65 per share, equal to $2.60 per share on an annualized basis. The company states this represents an increase of 23% from the Q3 2025 dividend and is 1.6% above the Q2 2026 dividend.
The dividend is payable on September 3, 2026 to stockholders of record as of August 24, 2026. Murphy USA describes itself as a leading gasoline and convenience retailer with more than 1,800 stores across 27 states, serving an estimated two million customers each day and employing approximately 16,900 people.
Murphy USA Inc. reported Q2 2026 net income of $209.1 million and diluted EPS of $11.27, compared with $145.6 million and $7.36 a year earlier. Adjusted EBITDA was $377.3 million, with total operating revenues of $6,806.1 million driven by higher fuel prices and volumes and solid merchandise performance.
Total fuel contribution was $518.8 million on margins of 40.6 cents per gallon and retail gallons up 3.9%, while merchandise contribution was $227.4 million on 20.1% unit margins. The company repurchased 143.1 thousand shares for $76.8 million, paid a $0.64 quarterly dividend, and ended June 30 with $175.4 million of cash and $2.17 billion of long-term debt after issuing $500 million of 5.875% Senior Notes due 2034 and retiring $300 million due 2027. Management’s 2026 outlook, assuming second-half all-in fuel margins of 35 cents per gallon, points to approximately $636 million of Net Income and $1.25 billion of Adjusted EBITDA.
Murphy USA Inc., through subsidiary Murphy Oil USA, issued $500,000,000 of 5.875% senior notes due 2034 in a private offering. The notes bear a fixed 5.875% annual interest rate, with interest paid every June 1 and December 1, starting December 1, 2026.
The notes mature on June 1, 2034 and can be redeemed by the issuer before maturity under several call options, including a make-whole call and an equity-offering call at 105.875% of principal for up to 40% of the issue before June 1, 2029. Murphy USA guarantees the notes, and an indenture with UMB Bank, N.A. as trustee includes restrictive covenants on additional debt, dividends, asset sales, liens, affiliate transactions, and mergers, with many covenants suspended if the notes achieve investment grade ratings from at least two major agencies and no default is continuing.
Murphy USA Inc. is raising debt capital through a private offering of $500 million in 5.875% senior notes due 2034, issued by its subsidiary Murphy Oil USA, Inc. and guaranteed on a senior unsecured basis by Murphy USA and certain domestic subsidiaries.
The notes will be issued at 100% of principal, bear interest at 5.875% per year, payable semiannually starting December 1, 2026, and are expected to close on May 27, 2026 subject to customary conditions. Murphy USA plans to use the net proceeds to redeem $300 million of existing 5.625% senior notes due 2027, repay borrowings under its revolving credit facility, cover related fees and expenses, and for general corporate purposes.
Murphy USA Inc. announced a planned private offering of $500 million aggregate principal amount of senior notes due 2034, to be issued by its wholly owned subsidiary Murphy Oil USA, Inc. and guaranteed on a senior unsecured basis by Murphy USA and certain domestic subsidiaries.
The company intends to use the net proceeds to redeem $300 million of its existing 5.625% senior notes due 2027, repay borrowings under its revolving credit facility, pay related fees and expenses, and, if any funds remain, for general corporate purposes. The notes will be sold only to qualified institutional buyers under Rule 144A and certain non-U.S. investors under Regulation S, and will not be registered under the Securities Act.
Murphy USA Inc. reported that stockholders approved key governance changes at the 2026 annual meeting. Amendments to the certificate of incorporation and bylaws will phase out the classified Board over three years, moving to annual director elections once current three-year terms end.
Stockholders also approved giving holders of at least 25% of the voting power the right to call a special meeting. Management’s director nominees were elected, KPMG LLP was ratified as auditor for 2026, and executive compensation received majority support on an advisory basis. A separate stockholder proposal on special meeting rights was rejected.
Murphy USA Inc. declared a higher quarterly cash dividend of $0.64 per share, equal to $2.56 per share on an annualized basis. This dividend is 28% above the Q2 2025 dividend and 1.6% higher than the Q1 2026 dividend, signaling continued growth in shareholder payouts. The dividend will be paid on June 1, 2026 to stockholders of record as of May 18, 2026.
Murphy USA Inc. reported sharply stronger results for the quarter ended March 31, 2026, with net income of $136.3 million, or $7.28 per diluted share, up from $53.2 million, or $2.63, a year earlier.
Total operating revenues rose to $4.82 billion, driven by higher fuel and merchandise contribution. Total fuel contribution increased to $403.9 million, or 35.0 cents per gallon, helped by firmer retail fuel margins and significantly higher fuel supply and RINs contribution.
Merchandise contribution grew to $210.2 million on 20.0% unit margins, with nicotine categories especially strong. Adjusted EBITDA nearly doubled to $277.9 million. The company repurchased 169 thousand shares for $70.9 million, paid a $0.63 dividend, expanded its store base to 1,803 locations, and ended the quarter with $118.6 million in cash and $2.14 billion of long-term debt.
Murphy USA Inc. appointed Donald R. Smith, Jr., its Interim Chief Financial Officer and Vice President, Chief Accounting Officer & Treasurer, as Senior Vice President, Chief Financial Officer and Treasurer, effective April 3, 2026. Smith, age 54, has been with Murphy USA since its 2013 spin-off, after more than 14 years in progressive audit roles at KPMG LLP.
In connection with the promotion, his annual base salary will be $550,000, his target annual cash bonus will be 70% of base salary, and his target long-term equity incentive award will be 125% of base salary. He will also receive a one-time cash bonus of $45,000 and a 2026 “top-up” equity incentive award with a target value of $260,000, split into 50% performance stock units, 25% restricted stock units and 25% stock options. The company states there are no family relationships or related-party transactions connected to his appointment.
Murphy USA Inc. filed a current report to share an investor presentation for the Raymond James 2026 Institutional Investors Conference, outlining its growth strategy and updated outlook. The company highlights an organic expansion plan with 45 to 55 new stores and up to 30 raze-and-rebuilds in 2026, supported by technology-driven efficiency initiatives and a focus on merchandise mix evolution, especially nicotine and food and beverage.
The materials show historical adjusted EBITDA rising from $422.6M in 2019 to $1.02B in 2025, alongside significant share count reduction since the 2013 spin. For 2026–2030, base-case adjusted EBITDA targets range from $1.00B to $1.12B, with guidance for 2026 merchandise contribution of $890M–$900M and capital expenditures of $475M–$525M. Management frames these plans within a long-term strategic framework centered on organic growth, cost leadership, and disciplined capital allocation.
Murphy USA Inc. declared a higher quarterly cash dividend of $0.63 per share on its common stock, equal to $2.52 per share on an annualized basis. This dividend is a 29% increase from the Q1 2025 dividend and matches the Q4 2025 level.
The dividend will be paid on March 5, 2026 to stockholders of record on February 23, 2026, rewarding current shareholders with increased cash returns while maintaining recent payout levels.
Murphy USA Inc. submitted a current report to provide investors with its latest financial information. The company issued a news release on February 4, 2026 announcing financial results for the three-month and twelve-month periods ended December 31, 2025, and attached this release as Exhibit 99.1.
The report clarifies that the information in Item 2.02 and Item 9.01, including Exhibit 99.1, is being furnished rather than filed, which affects how it is treated under securities law. No other corporate actions or major transactions are described in this report.
Murphy USA Inc. updated investors on executive pay decisions tied to its leadership transition. The Board’s Executive Compensation Committee approved a compensation package for new CEO Mindy K. West effective January 1, 2026, including an annual base salary of $1,000,000, a target annual cash incentive equal to 150% of base salary, and a 2026 long-term incentive award with a targeted grant value of $5,000,000 under the 2023 Omnibus Incentive Plan.
The Committee also approved one-time retention awards for four senior executives: $1,000,000 in target grant date value for Chris A. Click and $500,000 each for Renee M. Bacon, Robert J. Chumley, and Donald R. Smith, Jr. These awards will be granted as time-based restricted stock units that cliff vest on the third anniversary of the expected February 11, 2026 grant date, generally requiring continued employment to vest.
Murphy USA is moving ahead with its previously announced leadership change, as Chief Executive Officer R. Andrew Clyde will retire from the CEO role and Board on December 31, 2025, and President and Chief Operating Officer Mindy K. West will become CEO and join the Board on January 1, 2026.
In connection with her promotion, Ms. West entered into a Severance Protection Agreement that, upon certain qualifying terminations within 24 months after a change in control, provides a lump-sum cash payment equal to two times her annual base salary plus target annual cash bonus and 24 months of continued health, dependent life and accident benefits, in exchange for 12 months of non-competition and non-solicitation obligations and perpetual confidentiality. Mr. Clyde signed a Transition and Advisory Services Agreement under which he will serve as a non-executive full-time employee through February 28, 2026 and then as a non-employee advisor through February 28, 2027, continue to receive his annual base salary rate, and be subject to 18 months of non-competition and non-solicitation covenants and perpetual confidentiality.
Murphy USA Inc. filed a report announcing that on December 10, 2025, it appointed Michael G. Kulp to its Board of Directors. He will serve as a Class I director with a term expiring at the 2026 annual meeting of stockholders, adding to the company’s board-level oversight.
Mr. Kulp has also been appointed to the Audit Committee and the Executive Compensation Committee, placing him in key roles overseeing financial reporting and executive pay. As a non-employee director, he is eligible to participate in Murphy USA’s standard non-employee director compensation program, with equity awards governed by the company’s 2023 Omnibus Incentive Plan. The company has issued a news release with further details, which is included as an exhibit.
Murphy USA Inc. (MUSA) announced leadership and capital return updates. The Board authorized a new share repurchase program of up to $2.0 billion to begin upon completion of the current $1.5 billion authorization and expiring on December 31, 2030. The company also approved a dividend declaration that includes a rate increase, payable on December 1, 2025 to shareholders of record on November 10, 2025.
The Board unanimously appointed Mindy K. West as President and Chief Operating Officer, effective immediately, and as President and Chief Executive Officer effective January 1, 2026. R. Andrew Clyde will retire as CEO and director effective December 31, 2025 and continue as a non-executive employee through February 2026, then as a non-employee advisor to the Board and management until February 2027. With the promotion to President, Ms. West’s salary will be $900,000. The company also issued a news release with financial results for the three and nine months ended September 30, 2025.
Murphy USA Inc. (MUSA) announced a leadership change. Executive Vice President and Chief Financial Officer Galagher Jeff departed effective October 14, 2025. The company stated his departure was not due to any disagreement regarding operations, financial performance, or condition.
Effective October 14, 2025, the Board appointed Donald R. Smith Jr., the company’s Vice President, Chief Accounting Officer and Treasurer, as interim Chief Financial Officer. Mr. Smith, age 53, has served at Murphy USA since the 2013 spin-off from Murphy Oil Corporation and previously spent over 14 years at KPMG, departing as a Senior Manager in Audit and Assurance.
Murphy USA Inc. announced on August 14, 2025 that its board declared a cash dividend and that the dividend rate was increased from the previous quarter. The filing states the full news release is included as Exhibit 99.1, but it does not disclose the new per‑share amount, the prior per‑share amount, the payable date, or the record date within the text provided. The disclosure confirms a board action to raise the dividend rate, signaling a distribution increase to shareholders, while directing readers to the attached exhibit for the complete release.