Murphy USA Inc.
Business
Murphy USA Inc. is a retail motor fuel and convenience merchandise marketer operating 1,800 stores across 27 U.S. states, branded primarily as Murphy USA, Murphy Express, and QuickChek. The company sells competitively priced gasoline and convenience items through company-owned small-format stores and kiosks, with the majority located near Walmart stores in the Southeast, Southwest, Midwest, and Northeast regions. Murphy USA also supplies fuel to unbranded wholesale customers through owned and third-party distribution terminals and pipeline positions.
Summary from 10-K filed 2026-02-18
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total operating revenues | 19,384 | 20,244 | 21,529 | 23,446 | 17,361 | |
| Store and other operating expenses | 1,109 | 1,065 | 1,015 | 977 | 827 | |
| Depreciation and amortization | 277 | 248 | 229 | 220 | 213 | |
| Impairment of properties | 5 | 8 | 0 | 0 | — | |
| Selling, general and administrative | 232 | 235 | 241 | 233 | 194 | |
| Restructuring expense | 13 | 0 | 0 | — | — | |
| Accretion of asset retirement obligations | 3 | 3 | 3 | 3 | 3 | |
| Total operating expenses | 18,663 | 19,497 | 20,703 | 22,480 | 16,758 | |
| Gain (loss) on sale of assets | −3 | −5 | −800,000 | 2 | 2 | |
| Income (loss) from operations | 719 | 743 | 826 | 968 | 604 | |
| Investment (income) loss | 200,000 | 6 | 7 | 3 | 100,000 | |
| Interest expense | −111 | −97 | −99 | −85 | — | |
| Other nonoperating income (expense) | 1 | −600,000 | 0 | −2 | 200,000 | |
| Total other income (expense) | −109 | −91 | −92 | −85 | −82 | |
| Income before income taxes | 609 | 652 | 734 | 884 | 522 | |
| Income tax expense (benefit) | 139 | 149 | 178 | 211 | 125 | |
| Net Income | 471 | 503 | 557 | 673 | 397 | |
| Basic (in dollars per share) | 24.38 | 24.47 | 25.91 | 28.63 | 15.14 | |
| Diluted (in dollars per share) | 24.1 | 24.11 | 25.49 | 28.1 | 14.92 | |
| Basic (in shares) | 19 | 21 | 21 | 24 | 26 | |
| Diluted (in shares) | 20 | 21 | 22 | 24 | 27 | |
| Includes excise taxes | 2,400 | 2,300 | 2,300 | 2,200 | 2,000 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 29 | 47 | 118 | 61 | 256 | |
| Accounts receivabletrade, less allowance for doubtful accounts of $0.3 in 2025 and 2024, respectively | 276 | 269 | 337 | 282 | 196 | |
| Inventories, at lower of cost or market | 413 | 402 | 341 | 319 | 292 | |
| Prepaid expenses and other current assets | 30 | 31 | 24 | 48 | 23 | |
| Total current assets | 748 | 748 | 827 | 727 | 768 | |
| Property, plant and equipment, at cost less accumulated depreciation and amortization of $2,173.5 in 2025 and $1,931.4 in 2024, respectively | 2,963 | 2,813 | 2,572 | 2,459 | 2,378 | |
| Operating lease right-of-use assets, net | 526 | 493 | 452 | 450 | 419 | |
| Intangible assets, net of amortization | 139 | 140 | 140 | 140 | 141 | |
| Goodwill | 328 | 328 | 328 | 328 | 328 | |
| Other assets | 22 | 20 | 18 | 15 | 14 | |
| Total assets | 4,726 | 4,542 | 4,340 | 4,123 | 4,048 | |
| Current maturities of long-term debt | 19 | 16 | 15 | 15 | 15 | |
| Trade accounts payable and accrued liabilities | 865 | 874 | 835 | 839 | 660 | |
| Income taxes payable | 45 | 58 | 23 | 0 | 0 | |
| Total current liabilities | 929 | 948 | 873 | 854 | 675 | |
| Long-term debt, including capitalized lease obligations | 2,164 | 1,833 | 1,785 | 1,792 | 1,800 | |
| Deferred income taxes | 389 | 343 | 330 | 327 | 296 | |
| Asset retirement obligations | 53 | 49 | 46 | 43 | 39 | |
| Non-current operating lease liabilities | 535 | 496 | 450 | 444 | 409 | |
| Deferred credits and other liabilities | 34 | 32 | 28 | 22 | 22 | |
| Total liabilities | 4,102 | 3,702 | 3,511 | 3,483 | 3,241 | |
| Preferred Stock, par $0.01, (authorized 20,000,000 shares, none outstanding) | 0 | 0 | 0 | 0 | 0 | |
| Common Stock, par $0.01, (authorized 200,000,000 shares, 46,767,164 shares issued at December 31, 2025 and 2024, respectively) | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | |
| Treasury stock (28,201,581 and 26,750,846 shares held at December 31, 2025 and 2024, respectively) | −4,032 | −3,391 | −2,958 | −2,633 | −1,839 | |
| Additional paid in capital (APIC) | 482 | 488 | 508 | 519 | 535 | |
| Retained earnings | 4,172 | 3,743 | 3,278 | 2,755 | 2,112 | |
| Total stockholders' equity | 624 | 840 | 829 | 641 | 807 | |
| Total liabilities and stockholders' equity | 4,726 | 4,542 | 4,340 | 4,123 | 4,048 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Deferred and noncurrent income tax charges (benefits) | 45 | 14 | 2 | 32 | 19 | |
| Restructuring expense, net of cash paid | 6 | 0 | 0 | — | — | |
| Amortization of discount on marketable securities | 0 | −200,000 | −400,000 | −100,000 | 0 | |
| Net (increases) decrease in noncash operating working capital | −33 | 33 | −42 | 45 | 83 | |
| Other operating activities - net | 37 | 35 | 35 | 25 | 25 | |
| Net cash provided (required) by operating activities | 814 | 848 | 784 | 995 | 737 | |
| Property additions | −440 | −458 | −336 | −305 | −275 | |
| Proceeds from sale of assets | 2 | 2 | 2 | 9 | 3 | |
| Investment in marketable securities | 0 | 0 | −13 | −22 | 0 | |
| Redemptions of marketable securities | 0 | 12 | 24 | 0 | 0 | |
| Other investing activities - net | 1 | −1 | −2 | −600,000 | −2 | |
| Net cash provided (required) by investing activities | −436 | −446 | −324 | −319 | −914 | |
| Purchase of treasury stock | −650 | −446 | −333 | −806 | −355 | |
| Dividends paid | −42 | −37 | −33 | −30 | −27 | |
| Borrowings of debt | 2,982 | 707 | 8 | 5 | 893 | |
| Repayments of debt | −2,654 | −667 | −23 | −20 | −224 | |
| Debt issuance costs | −9 | 0 | 0 | 0 | −10 | |
| Amounts related to share-based compensation | −24 | −30 | −21 | −20 | −7 | |
| Net cash provided (required) by financing activities | −396 | −473 | −403 | −871 | 270 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | −18 | −71 | 57 | −196 | 93 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Murphy USA Inc.'s CIK number?
Murphy USA Inc.'s SEC CIK number is 0001573516 (1573516). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Murphy USA Inc.'s SEC filings?
All of Murphy USA Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Murphy USA Inc. last report earnings?
Murphy USA Inc. (MUSA) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001573516-26-000127). This is Murphy USA Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Murphy USA Inc.'s most recent earnings 8-K?
Murphy USA Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001573516-26-000127. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Murphy USA Inc.'s latest earnings 8-K →
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