MUSA on NYSE
Murphy USA
Logo: JAK0116, CC BY-SA 4.0, via Wikimedia Commons6
American gas station chain
Murphy USA is an American corporation based in El Dorado, Arkansas that operates a chain of retail gas stations that are primarily located in proximity to Walmart stores. It was founded as a spin-off of Murphy Oil in 2013. In the first quarter of 2016, Murphy USA announced a change in its relationship with Walmart, as they began opening their own in-house gas stations and convenience stores.3 Its shares trade on NYSE under the symbol MUSA.1 Wikipedia text CC BY-SA 4.0
$547.36 up 2.63 (0.48%)Price as of Oct 16, 2026 at 19:58 UTC
Last updated Oct 21, 2026.
Overview
1996Founded1
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- TickerMUSA on NYSE1
- Industrypetroleum industry1
- HeadquartersEl Dorado1
- Websitewww.murphyusa.com
- Legal formDelaware corporation1
- Incorporated inDE7
- Business address200 Peach Street, El Dorado, Ar 71730-58367
- Filer categoryLarge accelerated filer7
- LEI549300Y081F8XIKQIO724
- StatusActive4
- LEI statusIssued and current4
- Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States4
- Registered withDivision of Corporations, Department of State, 52963514
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Murphy USA is an American corporation based in El Dorado, Arkansas that operates a chain of retail gas stations that are primarily located in proximity to Walmart stores. It was founded as a spin-off of Murphy Oil in 2013.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product brought in 77% of the revenue Murphy USA broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Product | $17.1B | $15.9B | $14.9B |
| Merchandise | $4.1B | $4.2B | $4.3B |
| Product and Service, Other | $335.7M | $137.7M | $217.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin1¢$231.5M
- Other costs96¢$18.5B
- Income tax1¢$138.6M
- Profit2¢$470.6M
Out of $19.4B in revenue.10
Where each dollar of operating cash went, fiscal 2025
- Dividends paid5¢$41.5M
- Share buybacks80¢$649.9M
- Kept or used elsewhere15¢$122.5M
Out of $813.9M of cash from operations.10
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total operating revenues | $19.4B | $20.2B | $21.5B |
| Store and other operating expenses | $1.1B | $1.1B | $1.0B |
| Depreciation and amortization | $276.8M | $248.0M | $228.7M |
| Impairment of properties | $5.3M | $8.2M | $0 |
| Selling, general and administrative | $231.5M | $235.4M | $240.5M |
| Restructuring expense | $12.6M | $0 | $0 |
| Accretion of asset retirement obligations | $3.4M | $3.2M | $3.0M |
| Total operating expenses | $18.7B | $19.5B | $20.7B |
| Gain (loss) on sale of assets | -$2.8M | -$4.5M | -$800.0K |
| Income (loss) from operations | $718.5M | $742.9M | $826.0M |
| Investment (income) loss | $200.0K | $6.4M | $6.9M |
| Interest expense | -$110.9M | -$97.1M | -$98.5M |
| Other nonoperating income (expense) | $1.4M | -$600.0K | $0 |
| Total other income (expense) | -$109.3M | -$91.3M | -$91.6M |
| Income before income taxes | $609.2M | $651.6M | $734.4M |
| Income tax expense (benefit) | $138.6M | $149.1M | $177.6M |
| Net Income | $470.6M | $502.5M | $556.8M |
| Basic (in dollars per share) | $24.38 | $24.47 | $25.91 |
| Diluted (in dollars per share) | $24.10 | $24.11 | $25.49 |
| Basic (in shares) | 19.3M shares | 20.5M shares | 21.5M shares |
| Diluted (in shares) | 19.5M shares | 20.8M shares | 21.8M shares |
| Includes excise taxes | $2.4B | $2.3B | $2.3B |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.10
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $28.9M | $47.0M | ||
| Accounts receivabletrade, less allowance for doubtful accounts of $0.3 in 2025 and 2024, respectively | $276.2M | $268.5M | ||
| Inventories, at lower of cost or market | $413.0M | $401.6M | ||
| Prepaid expenses and other current assets | $29.7M | $31.0M | ||
| Total current assets | $747.8M | $748.1M | ||
| Property, plant and equipment, at cost less accumulated depreciation and amortization of $2,173.5 in 2025 and $1,931.4 in 2024, respectively | $3.0B | $2.8B | ||
| Operating lease right-of-use assets, net | $526.3M | $492.9M | ||
| Intangible assets, net of amortization | $139.3M | $139.5M | ||
| Goodwill | $328.0M | $328.0M | ||
| Other assets | $21.6M | $19.9M | ||
| Total assets | $4.7B | $4.5B | $4.3B | |
| Current maturities of long-term debt | $19.0M | $15.7M | ||
| Trade accounts payable and accrued liabilities | $865.2M | $874.4M | ||
| Income taxes payable | $44.9M | $57.8M | ||
| Total current liabilities | $929.1M | $947.9M | ||
| Long-term debt, including capitalized lease obligations | $2.2B | $1.8B | ||
| Deferred income taxes | $388.5M | $343.4M | ||
| Asset retirement obligations | $52.5M | $49.1M | ||
| Non-current operating lease liabilities | $534.6M | $496.3M | ||
| Deferred credits and other liabilities | $34.0M | $32.1M | ||
| Total liabilities | $4.1B | $3.7B | ||
| Preferred Stock, par $0.01, (authorized 20,000,000 shares, none outstanding) | $0 | $0 | ||
| Common Stock, par $0.01, (authorized 200,000,000 shares, 46,767,164 shares issued at December 31, 2025 and 2024, respectively) | $500.0K | $500.0K | ||
| Treasury stock (28,201,581 and 26,750,846 shares held at December 31, 2025 and 2024, respectively) | -$4.0B | -$3.4B | ||
| Additional paid in capital (APIC) | $482.4M | $487.5M | ||
| Retained earnings | $4.2B | $3.7B | ||
| Total stockholders' equity | $623.5M | $840.1M | $828.9M | $640.7M |
| Total liabilities and stockholders' equity | $4.7B | $4.5B | ||
| Allowance for doubtful accounts | $300.0K | $300.0K | ||
| Property, plant and equipment, accumulated depreciation and amortization | $2.2B | $1.9B | ||
| Preferred stock par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock shares authorized (in shares) | 20.0M shares | 20.0M shares | ||
| Preferred stock shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock shares issued (in shares) | 46.8M shares | 46.8M shares | ||
| Treasury stock, shares held (in shares) | 28.2M shares | 26.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $28.9M | $47.0M | ||
| Accounts receivabletrade, less allowance for doubtful accounts of $0.3 in 2025 and 2024, respectively | $276.2M | $268.5M | ||
| Inventories, at lower of cost or market | $413.0M | $401.6M | ||
| Prepaid expenses and other current assets | $29.7M | $31.0M | ||
| Total current assets | $747.8M | $748.1M | ||
| Property, plant and equipment, at cost less accumulated depreciation and amortization of $2,173.5 in 2025 and $1,931.4 in 2024, respectively | $3.0B | $2.8B | ||
| Operating lease right-of-use assets, net | $526.3M | $492.9M | ||
| Intangible assets, net of amortization | $139.3M | $139.5M | ||
| Goodwill | $328.0M | $328.0M | ||
| Other assets | $21.6M | $19.9M | ||
| Total assets | $4.7B | $4.5B | $4.3B | |
| Current maturities of long-term debt | $19.0M | $15.7M | ||
| Trade accounts payable and accrued liabilities | $865.2M | $874.4M | ||
| Income taxes payable | $44.9M | $57.8M | ||
| Total current liabilities | $929.1M | $947.9M | ||
| Long-term debt, including capitalized lease obligations | $2.2B | $1.8B | ||
| Deferred income taxes | $388.5M | $343.4M | ||
| Asset retirement obligations | $52.5M | $49.1M | ||
| Non-current operating lease liabilities | $534.6M | $496.3M | ||
| Deferred credits and other liabilities | $34.0M | $32.1M | ||
| Total liabilities | $4.1B | $3.7B | ||
| Preferred Stock, par $0.01, (authorized 20,000,000 shares, none outstanding) | $0 | $0 | ||
| Common Stock, par $0.01, (authorized 200,000,000 shares, 46,767,164 shares issued at December 31, 2025 and 2024, respectively) | $500.0K | $500.0K | ||
| Treasury stock (28,201,581 and 26,750,846 shares held at December 31, 2025 and 2024, respectively) | -$4.0B | -$3.4B | ||
| Additional paid in capital (APIC) | $482.4M | $487.5M | ||
| Retained earnings | $4.2B | $3.7B | ||
| Total stockholders' equity | $623.5M | $840.1M | $828.9M | $640.7M |
| Total liabilities and stockholders' equity | $4.7B | $4.5B | ||
| Allowance for doubtful accounts | $300.0K | $300.0K | ||
| Property, plant and equipment, accumulated depreciation and amortization | $2.2B | $1.9B | ||
| Preferred stock par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock shares authorized (in shares) | 20.0M shares | 20.0M shares | ||
| Preferred stock shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock shares issued (in shares) | 46.8M shares | 46.8M shares | ||
| Treasury stock, shares held (in shares) | 28.2M shares | 26.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $470.6M | $502.5M | $556.8M |
| Depreciation and amortization | $276.8M | $248.0M | $228.7M |
| Impairment of properties | $5.3M | $8.2M | $0 |
| Deferred and noncurrent income tax charges (benefits) | $45.1M | $14.0M | $2.0M |
| Restructuring expense, net of cash paid | $5.6M | $0 | $0 |
| Accretion of asset retirement obligations | $3.4M | $3.2M | $3.0M |
| Amortization of discount on marketable securities | $0 | -$200.0K | -$400.0K |
| (Gains) losses from sale of assets | $2.8M | $4.5M | $800.0K |
| Net (increases) decrease in noncash operating working capital | -$33.1M | $32.8M | -$42.1M |
| Other operating activities - net | $37.4M | $34.6M | $35.2M |
| Net cash provided (required) by operating activities | $813.9M | $847.6M | $784.0M |
| Property additions | -$439.6M | -$458.1M | -$335.6M |
| Proceeds from sale of assets | $2.4M | $2.0M | $2.4M |
| Investment in marketable securities | $0 | $0 | -$12.8M |
| Redemptions of marketable securities | $0 | $11.5M | $24.0M |
| Other investing activities - net | $1.2M | -$1.2M | -$1.6M |
| Net cash provided (required) by investing activities | -$436.0M | -$445.8M | -$323.6M |
| Purchase of treasury stock | -$649.9M | -$445.7M | -$333.2M |
| Dividends paid | -$41.5M | -$36.8M | -$33.4M |
| Borrowings of debt | $3.0B | $707.0M | $8.0M |
| Repayments of debt | -$2.7B | -$666.7M | -$23.4M |
| Debt issuance costs | -$9.0M | $0 | $0 |
| Amounts related to share-based compensation | -$23.5M | -$30.4M | -$21.1M |
| Net cash provided (required) by financing activities | -$396.0M | -$472.6M | -$403.1M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -$18.1M | -$70.8M | $57.3M |
No quarter-by-quarter statement was filed.
Corporate structure
Murphy USA sits at the top of its group. 18 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Murphy USA
- FMR LLC Filed SCHEDULE 13G/A on Murphy USA, latest Aug 6, 2026 (6 filings since Feb 9, 2024)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Murphy USA, latest Mar 27, 2026 (5 filings since Feb 10, 2022)
- MILLENNIUM MANAGEMENT LLC Filed SCHEDULE 13G on Murphy USA, latest Aug 29, 2025
- BlackRock Filed SC 13G/A on Murphy USA, latest Jan 24, 2024 (4 filings since Jan 26, 2022)
- Murphy USA El Dorado, Arkansas, United States
- 591 Beverage, Inc. Subsidiary · Nebraska, United States
- 864 Beverage, Inc. Subsidiary · Texas, United States
- 864 Holdings, Inc. Subsidiary · Delaware, United States
- El Dorado Properties, LLC Subsidiary · Arkansas, United States
- Hankinson Holding, LLC Subsidiary · Delaware, United States
- Murphy Oil Trading Company (Eastern) Subsidiary · Delaware, United States
- MURPHY OIL USA, INC. Subsidiary · El Dorado, Arkansas, United States
- Murphy Retail Holdings, Inc. Subsidiary · Delaware, United States
- Murphy USA Leasing, LLC Subsidiary · Delaware, United States
- Murphy USA Management Company, LLC Subsidiary · Delaware, United States
- Murphy USA Procurement Solutions, LLC Subsidiary · Delaware, United States
- MUSA Personnel Management, Inc. Subsidiary · Delaware, United States
- Quick Chek Corporation Subsidiary · New Jersey, United States
- QuickChek Realty Bordentown Urban Renewal LLC Subsidiary · New Jersey, United States
- QuickChek Realty LLC Subsidiary · New Jersey, United States
- Spur Oil Corporation Subsidiary · Delaware, United States
- Superior Crude Trading Company Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Murphy USA reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finance-lease assets | $100.2M10 Dec 31, 2025 | $103.9M10 Dec 31, 2024 | −3.6% |
| Operating-lease assets (leased space) | $526.3M10 Dec 31, 2025 | $492.9M10 Dec 31, 2024 | +6.8% |
Real estate and locations
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $28.9M10 Dec 31, 2025 | $47.0M10 Dec 31, 2024 | −38.5% |
| Marketable securities, current | $014 Dec 31, 2024 | $7.1M14 Dec 31, 2023 | −100.0% |
| Marketable securities, non-current | $014 Dec 31, 2024 | $4.4M14 Dec 31, 2023 | −100.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $328.0M10 Dec 31, 2025 | $328.0M10 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $139.3M10 Dec 31, 2025 | $139.5M10 Dec 31, 2024 | −0.1% |
Inventory
Properties, in its own words
See Item 1 "Description of the Business" and "Properties" for this information in this Annual Report on Form 10-K beginning on page 2.
Item 2 of the 10-K filed Feb 18, 2026.20
Leadership
Who has led Murphy USA, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
200020052010201520202025
- Chief executive officerMalynda K. West Jan 7, 2026 to now21
- Chief executive officerR. Andrew Clyde Aug 16, 2013 to Jan 7, 202622
- PresidentMalynda K. West Jan 7, 2026 to now21
- PresidentR. Andrew Clyde Aug 16, 2013 to Jan 7, 202622
- Chief financial officerDonald R. Smith Jr. Feb 13, 2026 to now23
- Chief financial officerCharles Galagher Jeff Mar 8, 2024 to Feb 14, 202524
- Chief financial officerMalynda K. West Aug 16, 2013 to Mar 11, 202425
- Chief operating officerMalynda K. West Jun 5, 2024 to now26
Board members and other officers (31)
- SVP & Chief Customer OfficerEric J. Bartko Jan 23, 2026 to now27
- SVP MerchandisingScott G. Woodward Jan 23, 2026 to now28
- SVP Asset DevelopmentJames McPhail Jan 16, 2025 to now29
- SVP, Asset DevelopmentJennifer Bridges Feb 25, 2022 to Mar 11, 202430
- SVP, QuickChekBlake Segal Sep 14, 2021 to Feb 14, 202531
- SVP, Strategy & DevelopmentChristopher A. Click Dec 3, 2020 to now32
- SVP, Chief Information OfficerMichael Ray Cooper Feb 4, 2019 to Feb 8, 201933
- SVP, Sales & OpsRenee M. Bacon Feb 14, 2019 to now34
- SVPTerry P. Hatten Jun 13, 2018 to Mar 1, 202235
- SVPJohn P. Corrigan Jan 18, 2017 to Feb 9, 201836
- EVPDaryl R. Schofield May 5, 2017 to May 4, 201837
- Senior Vice PresidentRobert J. Chumley Sep 8, 2016 to now38
- Vice PresidentJoseph Henderson Iii. Aug 29, 2014 to Aug 12, 201539
- Vice President & ControllerDonald R. Smith Jr. Aug 16, 2013 to now40
- Senior Vice PresidentJeffery A. Goodwin Aug 16, 2013 to Feb 25, 201541
- Executive Vice PresidentJohn C. Rudolfs Aug 16, 2013 to Feb 13, 201442
- Senior Vice PresidentMarn K. Cheng Aug 16, 2013 to Mar 10, 201743
- Board memberMalynda K. West Feb 6, 2026 to now44
- Board memberDavid C. Haley May 6, 2025 to now45
- Board memberMichael G. Kulp Dec 18, 2025 to now46
- Board memberDavid Goebel Oct 21, 2021 to now47
- Board memberRosemary Turner Oct 21, 2021 to now48
- Board memberJeanne Linder Phillips Nov 26, 2018 to now49
- Board memberDavid B. Miller Jan 25, 2016 to now50
- Board memberClaiborne P. Deming Aug 16, 2013 to now51
- Board memberDiane N. Landen Aug 16, 2013 to now52
- Board memberFred L. Holliger Aug 16, 2013 to May 13, 202453
- Board memberJames W. Keyes Aug 16, 2013 to now54
- Board memberR. Andrew Clyde Aug 16, 2013 to now22
- Board memberRobert A. Hermes Aug 16, 2013 to May 6, 201655
- Board memberThomas M. Gattle Jr. Aug 16, 2013 to Aug 26, 201956
Products and brands
Murphy USA opened its first stores exclusively adjacent to Walmart properties. As of February 21, 2024, Murphy USA operates 1,700 retail fueling stations in 27 US states and over 1,100 sites are located near Walmart stores. Murphy USA also has 240 Murphy Express branded stores, which are located independently. Murphy Express sites are typically large-format facilities (1,200-3,400+ square feet) that offer a larger array of products and more fueling lanes than the original format.
From Wikipedia’s article on Murphy USA, shared under CC BY-SA 4.0.8
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 591 Beverage, Inc. Nebraska9
- 864 Beverage, Inc. Texas9
- 864 Holdings, Inc. Delaware9
- El Dorado Properties, LLC Arkansas9
- Hankinson Holding, LLC Delaware9
- MUSA Personnel Management, Inc. Delaware9
- Murphy Oil Trading Company (Eastern) Delaware9
- Murphy Oil USA, Inc. Delaware9
- Murphy Retail Holdings, Inc. Delaware9
- Murphy USA Leasing, LLC Delaware9
- Murphy USA Management Company, LLC Delaware9
- Murphy USA Procurement Solutions, LLC Delaware9
- Quick Chek Corporation New Jersey9
- QuickChek Realty Bordentown Urban Renewal LLC New Jersey9
- QuickChek Realty LLC New Jersey9
- Spur Oil Corporation Delaware9
- Superior Crude Trading Company Delaware9
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Sep 2, 20268-K Executive or director change57
- Aug 13, 20268-K Regulation FD disclosure58
- Aug 5, 20268-K Results of operations59
- May 27, 20268-K Other events60
- May 12, 20268-K Other events61
- May 12, 20268-K Other events62
- May 11, 20268-K Bylaws or fiscal year changed; Shareholder vote63
- May 7, 20268-K Regulation FD disclosure64
- Apr 29, 20268-K Results of operations65
- Apr 6, 20268-K Executive or director change66
- Mar 2, 20268-K Regulation FD disclosure67
- Feb 12, 20268-K Regulation FD disclosure68
- Jan 7, 2026New chief executive Malynda K. West becomes CEO21
- Sep 3, 2013Went public Listed on NYSE1
- Aug 16, 2013New chief executive R. Andrew Clyde becomes CEO22
- 1996Founded Founded1
Calendar
Coming up
- Oct 28, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $7.25 a share, on Oct 29, 2025.69
When it reported results
- Aug 5, 2026Reported quarterly or annual results59
- Apr 29, 2026Reported quarterly or annual results65
- Feb 4, 2026Reported quarterly or annual results70
- Oct 29, 2025Reported quarterly or annual results71
- Jul 30, 2025Reported quarterly or annual results72
- May 7, 2025Reported quarterly or annual results73
- Feb 5, 2025Reported quarterly or annual results74
- Oct 30, 2024Reported quarterly or annual results75
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
720 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 62 major events, 540 insider forms, 16 large holders, 82 other. The latest 20:
- Oct 1, 20264 PRIMARY DOCUMENT EDGAR
- Oct 1, 20264 PRIMARY DOCUMENT EDGAR
- Oct 1, 20264 PRIMARY DOCUMENT EDGAR
- Oct 1, 20264 PRIMARY DOCUMENT EDGAR
- Sep 3, 2026144 EDGAR
- Sep 3, 20264 PRIMARY DOCUMENT EDGAR
- Sep 3, 20263 PRIMARY DOCUMENT EDGAR
- Sep 2, 20268-K EDGAR
- Aug 20, 2026144 EDGAR
- Aug 20, 20264 PRIMARY DOCUMENT EDGAR
- Aug 19, 20264 PRIMARY DOCUMENT EDGAR
- Aug 13, 20264 PRIMARY DOCUMENT EDGAR
- Aug 13, 20268-K EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 2026SCHEDULE 13G/A EDGAR
- Aug 5, 20268-K EDGAR
- Jul 1, 20264 PRIMARY DOCUMENT EDGAR
- Jul 1, 20264 PRIMARY DOCUMENT EDGAR
- Jul 1, 20264 PRIMARY DOCUMENT EDGAR
- Jul 1, 20264 PRIMARY DOCUMENT EDGAR
The 720 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
64 open-market trades by officers, directors and large owners since October 2021: 2 buys and 62 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 3, 2026 | Bartko Eric J.SVP & Chief Customer Officer | Sale | 100 | $523.60 | $52.4K | Form 4 |
| Aug 20, 2026 | Turner RosemaryDirector | Sale | 966 | $571.88 | $552.4K | Form 4 |
| Jun 5, 2026 | Landen Diane NDirector | Sale | 3,000 | $547.25 | $1.6M | Form 4 |
| Jun 1, 2026 | Keyes James WDirector | Sale | 2,339 | $511.00 | $1.2M | Form 4 |
| May 27, 2026 | Bacon Renee MSVP, Chief Retail Officer | Sale | 1,050 | $529.44 | $555.9K | Form 4 |
| May 15, 2026 | Emery Keith A.SVP, Chief Fuels Officer | Sale | 517 | $574.49 | $297.0K | Form 4 |
| May 5, 2026 | Woodward Scott G.SVP, Chief Merchandising Off. | Sale | 158 | $600.50 | $94.9K | Form 4 |
| May 4, 2026 | MURPHY ROBERT MADISONDirector | Sale | 41,500 | $596.96 | $24.8M | Form 4 |
| Mar 5, 2026 | Woodward Scott G.SVP, Chief Merchandising Off. | Sale | 137 | $422.44 | $57.7K | Form 4 |
| Mar 5, 2026 | CHUMLEY ROBERT JSVP Innovation | Sale | 5,038 | $420.00 | $2.1M | Form 4 |
| Feb 26, 2026 | Emery Keith A.SVP, Chief Fuels Officer | Sale | 899 | $382.53 | $343.9K | Form 4 |
| Feb 24, 2026 | Phillips Jeanne LinderDirector | Sale | 1,155 | $395.19 | $456.4K | Form 4 |
| Feb 23, 2026 | Bacon Renee MSVP, Chief Retail Officer | Sale | 2,844 | $388.61 | $1.1M | Form 4 |
| Feb 13, 2026 | Bartko Eric J.SVP & Chief Customer Officer | Sale | 345 | $404.84 | $139.7K | Form 4 |
| Feb 13, 2026 | Bacon Renee MSVP, Chief Retail Officer | Sale | 1,219 | $386.09 | $470.6K | Form 4 |
| Feb 10, 2026 | Bacon Renee MSVP, Chief Retail Officer | Sale | 353 | $373.39 | $131.8K | Form 4 |
| Feb 4, 2026 | West Malynda KPresident & CEO | Sale | 3,967 | $450.00 | $1.8M | Form 4 |
| Jan 7, 2026 | West Malynda KPresident & CEO | Sale | 4,051 | $425.00 | $1.7M | Form 4 |
| Nov 20, 2025 | Clyde R AndrewChief Executive Officer | Sale | 40,983 | $381.33 | $15.6M | Form 4 |
| Aug 12, 2025 | West Malynda KPresident & CEO | Sale | 1,859 | $386.22 | $718.0K | Form 4 |
All 64 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- FMR LLCSCHEDULE 13G/A, 6 filings Feb 9, 2024 to Aug 6, 202676
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 27, 202677
- MILLENNIUM MANAGEMENT LLCSCHEDULE 13G, 1 filing Aug 29, 202578
- BlackRockSC 13G/A, 4 filings Jan 26, 2022 to Jan 24, 202479
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | R. Andrew ClydeCEO | $1.4M | $11.8M80 | |
| 2025 | Mindy K. WestPresident & COO | $836.2K | $4.4M80 | |
| 2025 | Chris A. ClickEVP Strategy, Growth & Innovation | $592.3K | $2.1M80 | |
| 2025 | C. Galagher JeffFormer EVP & CFO | $912.3K | $1.8M80 | |
| 2025 | Renee M. BaconSVP S&O & CMO | $521.9K | $1.7M80 | |
| 2025 | Donald R. Smith Jr.Interim CFO; VP, CAO & Treasurer | $411.2K | $1.1M80 | |
| 2024 | R. Andrew ClydeCEO | $1.3M | $11.1M80 | |
| 2024 | Mindy K. WestPresident & COO | $760.4K | $3.9M80 | |
| 2024 | C. Galagher JeffFormer EVP & CFO | $476.5K | $2.3M80 | |
| 2024 | Chris A. ClickEVP Strategy, Growth & Innovation | $515.2K | $1.8M80 | |
| 2024 | Renee M. BaconSVP S&O & CMO | $483.6K | $1.6M80 | |
| 2023 | R. Andrew ClydeCEO | $1.3M | $10.6M80 | |
| 2023 | Mindy K. WestPresident & COO | $747.9K | $3.2M80 | |
| 2023 | Renee M. BaconSVP S&O & CMO | $482.9K | $1.7M80 | |
| 2023 | Chris A. ClickEVP Strategy, Growth & Innovation | $466.7K | $1.6M80 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 1,699,360 | $915.7M | 0.0% | +18,678 |
| Vanguard Portfolio Management LLC | 776,170 | $418.3M | 0.0% | +47,728 |
| Vanguard Capital Management LLC | 752,803 | $405.7M | 0.0% | +1,989 |
| Fmr LLC | 707,663 | $381.3M | 0.0% | −758,130 |
| Boston Partners | 561,246 | $303.0M | 0.3% | +24,341 |
| State Street Corp | 557,928 | $300.6M | 0.0% | +1,215 |
| Geode Capital Management, LLC | 480,805 | $259.1M | 0.0% | +104,788 |
| Huntington National Bank | 414,719 | $223.5M | 1.4% | +1 |
| Renaissance Technologies LLC | 340,182 | $183.3M | 0.3% | +108,320 |
| Dimensional Fund Advisors LP | 302,862 | $163.2M | 0.0% | +5,556 |
| Aqr Capital Management LLC | 304,067 | $161.4M | 0.1% | −11,851 |
| Norges Bank | 275,214 | $148.3M | 0.0% | New |
| Alliancebernstein L.P. | 292,024 | $144.3M | 0.0% | +107,861 |
| Clearbridge Investments, LLC | 263,095 | $141.8M | 0.1% | −6,080 |
| Barclays PLC | 262,887 | $141.7M | 0.0% | −269,546 |
| Marshall Wace, Llp | 245,820 | $132.5M | 0.1% | +41,291 |
| Morgan Stanley | 228,742 | $123.3M | 0.0% | +18,130 |
| Fuller & Thaler Asset Management, Inc. | 212,229 | $114.4M | 0.3% | +80,640 |
| Squarepoint Ops LLC | 187,342 | $101.0M | 0.2% | +161,748 |
| Invesco Ltd. | 170,266 | $91.8M | 0.0% | +101,143 |
| Two Sigma Investments, LP | 167,655 | $90.3M | 0.1% | +100,094 |
| Jane Street Group, LLC | 165,989 | $89.4M | 0.1% | +164,859 |
| Recurrent Investment Advisors LLC | 146,263 | $78.6M | 4.9% | +144 |
| Bank of New York Mellon Corp | 145,439 | $78.4M | 0.0% | −3,625 |
| Northern Trust Corp | 143,754 | $77.5M | 0.0% | −904 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Murphy USA is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMurphy USA Inc.2
- CIK0001573516
- Employer ID (EIN)46-227922120
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company20
- Incorporated inDelaware20
- Fiscal year endsDecember 312
- Industry code (SIC)5500 Retail-Auto Dealers & Gasoline Stations2
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
- Business address200 Peach Street, El Dorado, AR 71730-58362
- Phone(870) 875-76002
- Shares outstanding18,380,347 as of Jun 30, 202615
- Public float$7.8B as of Jun 30, 202520
- AuditorKPMG LLP, Dallas, Texas PCAOB ID 185; it also attests to the company’s internal control over financial reporting20
- On EDGAR sinceMay 6, 20132
- Filings1,337 in all: 4 (860), 8-K (149), 144 (58), 10-Q (39), 3 (39), SC 13G/A (32), 5 (19), 11-K (14)2
All 33 form types
10-K (13), DEF 14A (13), UPLOAD (13), 4/A (12), CORRESP (12), DEFA14A (12), SC 13G (8), 10-12B/A (6), ARS (5), 424B5 (4), 8-K/A (4), S-3ASR (4), SCHEDULE 13G/A (4), CT ORDER (2), FWP (2), PRE 14A (2), S-8 (2), SCHEDULE 13G (2), 10-12B (1), 424B3 (1), CERTNYS (1), EFFECT (1), POSASR (1), S-4 (1), S-4/A (1)
- Latest filingsAnnual report (10-K) Feb 18, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Mar 26, 2026
Latest 8-K (8-K) Sep 2, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 Par Value | MUSA | New York Stock Exchange |
From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).20
Risk factors and legal proceedings
The risks Murphy USA names in Item 1A of its 10-K filed Feb 18, 2026: 32 risks under these headings, as written.20
- Our business, prospects, financial condition, results of operations or cash flows could be materially and adversely affected by any of these risks, and, as a result, the trading price of our common stock could decline.
- Risks Relating to Our Company
- Our business and our reputation could be adversely affected by the failure to protect sensitive customer, employee or vendor data or to comply with applicable regulations relating to data security and privacy.
- Our operations present hazards and risks, which may not be fully covered by insurance, if insured. If a significant accident or event occurs for which we are not adequately insured, our operations and financial results could be adversely affected.
- Our indebtedness could restrict our business and adversely impact our financial condition, results of operations or cash flows; our leverage could increase the overall cost of debt funding and decrease the overall debt capacity and commercial credit available to us in the future.
- Our ability to meet our payment obligations under the notes and our other debt depends on our ability to generate significant cash flow in the future.
- Despite our current indebtedness levels, we may be able to incur substantially more debt. This could exacerbate further the risks associated with our leverage.
- Failure to maintain the quality and safety of our food products could adversely impact our reputation and business.
- We may need to recognize impairment charges related to goodwill, identified intangible assets and fixed assets.
- Risks Relating to Our Business
- Volatility in the global prices of oil and petroleum products and general economic conditions that are largely out of our control, as well as seasonal variations in fuel pricing, can significantly affect our operating results.
- We are exposed to risks associated with the interruption of supply and increased costs as a result of our reliance on third-party supply and transportation of refined products.
The other 22 risks
- An inability to maintain a multi-year new store project pipeline may cause our Company's growth to slow in 2026 and beyond.
- We currently have one primary supplier for over 78% of our merchandise. A disruption in supply could have a material effect on our business.
- Changes in credit card expenses could reduce our profitability, especially on fuel transactions.
- Walmart continues to be a key relationship with regard to our Murphy USA network.
- Walmart retains certain rights in its agreements with us, which may adversely impact our ability to conduct our business.
- The current level of revenue that is generated from RINs may be highly variable.
- We could be adversely affected if we are not able to attract and retain qualified personnel.
- Capital financing may not always be available to fund our activities.
- Risks Relating to Our Industry
- We operate in a highly competitive industry, which could adversely affect us in many ways, including our profitability, our ability to grow, and our ability to manage our businesses.
- Future nicotine legislation and/or regulation, potential court rulings affecting the nicotine industry, campaigns to discourage smoking, increases in nicotine taxes and wholesale cost increases of nicotine products could have a material adverse impact on our retail operating revenues and gross margin.
- Changes in consumer behavior and travel as a result of changing economic conditions, the development of alternative energy technologies or otherwise could affect our business.
- Our operations and earnings have been and will continue to be affected by worldwide political developments.
- We are subject to various environmental laws, regulations and permit requirements, which could expose us to significant expenditures, liabilities or obligations and reduce product demand.
- We rely on our technology systems and network infrastructure to manage numerous aspects of our business, and a disruption of these systems could adversely affect our business.
- Our retail operations are subject to extensive governmental laws and regulations, and the cost of compliance with such laws and regulations can be material.
- Future consumer or other litigation could adversely affect our business, financial condition, results of operations and cash flows.
- Compliance with and changes in tax laws could adversely affect our performance.
- Pandemics or disease outbreaks, may disrupt consumption and trade patterns, supply chains and normal business activities, which could materially affect our operations and results of operations.
- Risks Relating to Our Common Stock
- The price of our common stock may fluctuate significantly and if securities or industry analysts publish unfavorable research reports about our business or if they downgrade their rating on our common stock, the price of our common stock could decline.
- Provisions in our Certificate of Incorporation and Bylaws and certain provisions of Delaware law could delay or prevent a change in control of us.
- We may issue preferred stock with terms that could dilute the voting power or reduce the value of our common stock.
- Our Bylaws designate a state or federal court located within the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a preferred judicial forum for disputes with us or our directors, officers or other employees.
Legal proceedings
Murphy USA and its subsidiaries are engaged in a number of legal proceedings, all of which have arisen in the ordinary course of business. See Note 19 “Contingencies” in the accompanying audited consolidated financial statements for the three years ended December 31, 2025. Based on information currently available to the Company, the ultimate resolution of matters referred to in this item is not expected to have a material adverse effect on the Company’s net income, financial condition, or liquidity in a future period.
Litigation
The State of Delaware has filed a lawsuit against energy companies, including the Company. This lawsuit alleges damages as a result of climate change and the plaintiff is seeking unspecified damages and abatement under various tort theories. The ultimate outcome of this matter remains uncertain, and neither the likelihood of an unfavorable outcome nor the ultimate liability, if any, can be determined.
SUPPLEMENTAL INFORMATION: Information About Our Executive Officers
The opening of Item 3, Legal Proceedings.20
Links
- Websitewww.murphyusa.com1
- X (Twitter)x.com/murphyusa1
- Facebookwww.facebook.com/MurphyUSA1
- WikipediaMurphy USA
- More imagesWikimedia Commons
- WikidataQ19604459
- SEC EDGARCIK 1573516
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataMurphy USA on Wikidata
- 2SEC EDGARMurphy USA filings on SEC EDGAR
- 3WikipediaMurphy USA on Wikipedia
- 4
- 5Yahoo FinanceMUSA quote
- 6Wikimedia CommonsMurphy USA logo by JAK0116, CC BY-SA 4.0
- 7SEC EDGARMurphy USA filings on SEC EDGAR
- 8
- 9
- 10SEC EDGARMurphy USA 10-K for fiscal 2025
- 11SEC EDGARMurphy USA 10-K for fiscal 2019
- 12SEC EDGARMurphy USA 10-K for fiscal 2020
- 13SEC EDGARMurphy USA 10-K for fiscal 2021
- 14SEC EDGARMurphy USA 10-K for fiscal 2022
- 15SEC EDGARMurphy USA 10-Q for fiscal 2025
- 16SEC EDGARMurphy USA 10-Q for fiscal 2025
- 17SEC EDGARMurphy USA 10-Q for fiscal 2026
- 18SEC EDGARMurphy USA 10-K for fiscal 2019
- 19SEC EDGARMurphy USA 10-Q for fiscal 2025
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- 28SEC EDGARScott G. Woodward, SVP Merchandising
- 29SEC EDGARJames McPhail, SVP Asset Development
- 30
- 31SEC EDGARBlake Segal, SVP, QuickChek
- 32
- 33
- 34SEC EDGARRenee M. Bacon, SVP, Sales & Ops
- 35SEC EDGARTerry P. Hatten, SVP
- 36SEC EDGARJohn P. Corrigan, SVP
- 37SEC EDGARDaryl R. Schofield, EVP
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- 43SEC EDGARMarn K. Cheng, Senior Vice President
- 44SEC EDGARMalynda K. West, Board member
- 45SEC EDGARDavid C. Haley, Board member
- 46SEC EDGARMichael G. Kulp, Board member
- 47SEC EDGARDavid Goebel, Board member
- 48SEC EDGARRosemary Turner, Board member
- 49SEC EDGARJeanne Linder Phillips, Board member
- 50SEC EDGARDavid B. Miller, Board member
- 51SEC EDGARClaiborne P. Deming, Board member
- 52SEC EDGARDiane N. Landen, Board member
- 53SEC EDGARFred L. Holliger, Board member
- 54SEC EDGARJames W. Keyes, Board member
- 55SEC EDGARRobert A. Hermes, Board member
- 56SEC EDGARThomas M. Gattle Jr., Board member
- 57SEC EDGARExecutive or director change
- 58SEC EDGARRegulation FD disclosure
- 59SEC EDGARResults of operations
- 60SEC EDGAROther events
- 61SEC EDGAROther events
- 62SEC EDGAROther events
- 63
- 64SEC EDGARRegulation FD disclosure
- 65SEC EDGARResults of operations
- 66SEC EDGARExecutive or director change
- 67SEC EDGARRegulation FD disclosure
- 68SEC EDGARRegulation FD disclosure
- 69NasdaqNasdaq calendar
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- 76SEC EDGARFMR LLC SCHEDULE 13G/A on Murphy USA
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- 79SEC EDGARBlackRock SC 13G/A on Murphy USA
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