MUSA News & Events

Murphy USA announced the planned private offering of $500 million aggregate principal amount of senior notes due 2034 by its wholly owned subsidiary, Murphy Oil USA, subject to market and other conditions. The Notes will be guaranteed on a senior unsecured basis by Murphy USA and by certain of Murphy USA's domestic subsidiaries. Murphy USA intends to use the net proceeds from the offering to redeem $300,000,000 aggregate principal amount of the Issuer's existing 5.625% senior notes due 2027, repay all or a portion of outstanding borrowings under its revolving credit facility, pay fees and expenses related to the foregoing and to the extent any proceeds remain, for general corporate purposes.

The Board of Directors of Murphy USA declared a quarterly cash dividend on the Common Stock of Murphy USA Inc. of 64c per share, or $2.56 per share on an annualized basis. This represents an increase of 28% from the Q2 2025 dividend and is 1.6% above the Q1 2026 dividend. The dividend is payable on June 1, 2026, to stockholders of record as of May 18, 2026.

Reports Q1 revenue $4.82B, consensus $4.65B. "Murphy USA delivered first quarter results that showcase the strength of our low-cost high volume operating model," said President and CEO Mindy West. "As volatility was re-introduced to commodity markets, specifically in refined products, the business behaved far more favorably, as we would expect. Retail margins showed continued strength, despite a rising price environment, and our fuel supply business, which benefits during periods of rising prices, helped deliver strong all-in margins of 35 cents per gallon. Inside sales remain consistent, although consumer spending is restrained in discretionary non-nicotine categories, where same-store sales are slightly below prior year. Nevertheless, thanks to exceptional nicotine performance, first quarter merchandise margin contribution was up $14M versus the prior year, or a 7.3% increase, demonstrating early momentum versus the prior year first quarter merchandise contribution increase of just over $4M. Coupled with minimal OPEX growth, these results better represent the earnings potential of the business. Additionally, we are on pace to open between 45 and 55 new stores in 2026, with six stores opened in the first quarter and 18 stores currently under construction. Importantly, the strength we saw in March has carried through into April, where volumes are running roughly flat to prior year with all-in fuel margins for the month expected to be between 35 and 40 cpg."