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 2013.3 From Wikipedia, 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 19, 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

3.7%Operating margin9
2.4%Net margin9
-4.2%Revenue growth, 20259
75.5%Return on equity9

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.

  1. Product$14.9B977%down 6% from 2024
  2. Merchandise$4.3B922%up 2% from 2024
  3. Product and Service, Other$217.4M91%up 58% from 2024
Products and services by year
Products and services202320242025
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.9

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.9

Financial statements

Revenue1011129$19.4B in 2025+38% since 2019
0$10.0B$20.0B$30.0B2019: $14.0B$14.0B20192020: $11.3B$11.3B2020−20%2021: $17.4B$17.4B2021+54%2022: $23.4B$23.4B2022+35%2023: $21.5B$21.5B2023−8%2024: $20.2B$20.2B2024−6%2025: $19.4B$19.4B2025−4%
Operating income101112139$718.5M in 2025+168% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $268.5M$268.5M20192020: $559.0M$559.0M2020+108%2021: $604.0M$604.0M2021+8%2022: $968.4M$968.4M2022+60%2023: $826.0M$826.0M2023−15%2024: $742.9M$742.9M2024−10%2025: $718.5M$718.5M2025−3%
Net income101112139$470.6M in 2025+204% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $154.8M$154.8M20192020: $386.1M$386.1M2020+149%2021: $396.9M$396.9M2021+3%2022: $672.9M$672.9M2022+70%2023: $556.8M$556.8M2023−17%2024: $502.5M$502.5M2024−10%2025: $470.6M$470.6M2025−6%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
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 shares20.5M shares21.5M shares
Diluted (in shares)19.5M shares20.8M shares21.8M shares
Includes excise taxes$2.4B$2.3B$2.3B

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Leadership

Who has led Murphy USA, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. R. Andrew Clyde2013–2026
  2. Malynda K. West2026–now

President

  1. R. Andrew Clyde2013–2026
  2. Malynda K. West2026–now

Chief financial officer

  1. Malynda K. West2013–2024
  2. Charles Galagher Jeff2024–2025
  3. Donald R. Smith Jr.2026–now

Chief operating officer

  1. Malynda K. West2024–now
200020052010201520202025
Board members and other officers (31)

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

Timeline

  1. Jan 7, 2026New chief executive Malynda K. West becomes CEO19
  2. Sep 3, 2013Went public Listed on NYSE1
  3. Aug 16, 2013New chief executive R. Andrew Clyde becomes CEO20
  4. 1996Founded Founded1

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:

  1. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  3. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  4. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 3, 2026144 EDGAR
  6. Sep 3, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 3, 20263 PRIMARY DOCUMENT EDGAR
  8. Sep 2, 20268-K EDGAR
  9. Aug 20, 2026144 EDGAR
  10. Aug 20, 20264 PRIMARY DOCUMENT EDGAR
  11. Aug 19, 20264 PRIMARY DOCUMENT EDGAR
  12. Aug 13, 20264 PRIMARY DOCUMENT EDGAR
  13. Aug 13, 20268-K EDGAR
  14. Aug 6, 202610-Q EDGAR
  15. Aug 6, 2026SCHEDULE 13G/A EDGAR
  16. Aug 5, 20268-K EDGAR
  17. Jul 1, 20264 PRIMARY DOCUMENT EDGAR
  18. Jul 1, 20264 PRIMARY DOCUMENT EDGAR
  19. Jul 1, 20264 PRIMARY DOCUMENT EDGAR
  20. 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.

DateWhoTradeSharesPriceValueFiling
Sep 3, 2026Bartko Eric J.SVP & Chief Customer OfficerSale100$523.60$52.4KForm 4
Aug 20, 2026Turner RosemaryDirectorSale966$571.88$552.4KForm 4
Jun 5, 2026Landen Diane NDirectorSale3,000$547.25$1.6MForm 4
Jun 1, 2026Keyes James WDirectorSale2,339$511.00$1.2MForm 4
May 27, 2026Bacon Renee MSVP, Chief Retail OfficerSale1,050$529.44$555.9KForm 4
May 15, 2026Emery Keith A.SVP, Chief Fuels OfficerSale517$574.49$297.0KForm 4
May 5, 2026Woodward Scott G.SVP, Chief Merchandising Off.Sale158$600.50$94.9KForm 4
May 4, 2026MURPHY ROBERT MADISONDirectorSale41,500$596.96$24.8MForm 4
Mar 5, 2026Woodward Scott G.SVP, Chief Merchandising Off.Sale137$422.44$57.7KForm 4
Mar 5, 2026CHUMLEY ROBERT JSVP InnovationSale5,038$420.00$2.1MForm 4
Feb 26, 2026Emery Keith A.SVP, Chief Fuels OfficerSale899$382.53$343.9KForm 4
Feb 24, 2026Phillips Jeanne LinderDirectorSale1,155$395.19$456.4KForm 4
Feb 23, 2026Bacon Renee MSVP, Chief Retail OfficerSale2,844$388.61$1.1MForm 4
Feb 13, 2026Bartko Eric J.SVP & Chief Customer OfficerSale345$404.84$139.7KForm 4
Feb 13, 2026Bacon Renee MSVP, Chief Retail OfficerSale1,219$386.09$470.6KForm 4
Feb 10, 2026Bacon Renee MSVP, Chief Retail OfficerSale353$373.39$131.8KForm 4
Feb 4, 2026West Malynda KPresident & CEOSale3,967$450.00$1.8MForm 4
Jan 7, 2026West Malynda KPresident & CEOSale4,051$425.00$1.7MForm 4
Nov 20, 2025Clyde R AndrewChief Executive OfficerSale40,983$381.33$15.6MForm 4
Aug 12, 2025West Malynda KPresident & CEOSale1,859$386.22$718.0KForm 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.

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.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,699,360$915.7M0.0%+18,678
Vanguard Portfolio Management LLC776,170$418.3M0.0%+47,728
Vanguard Capital Management LLC752,803$405.7M0.0%+1,989
Fmr LLC707,663$381.3M0.0%−758,130
Boston Partners561,246$303.0M0.3%+24,341
State Street Corp557,928$300.6M0.0%+1,215
Geode Capital Management, LLC480,805$259.1M0.0%+104,788
Huntington National Bank414,719$223.5M1.4%+1
Renaissance Technologies LLC340,182$183.3M0.3%+108,320
Dimensional Fund Advisors LP302,862$163.2M0.0%+5,556
Aqr Capital Management LLC304,067$161.4M0.1%−11,851
Norges Bank275,214$148.3M0.0%New
Alliancebernstein L.P.292,024$144.3M0.0%+107,861
Clearbridge Investments, LLC263,095$141.8M0.1%−6,080
Barclays PLC262,887$141.7M0.0%−269,546
Marshall Wace, Llp245,820$132.5M0.1%+41,291
Morgan Stanley228,742$123.3M0.0%+18,130
Fuller & Thaler Asset Management, Inc.212,229$114.4M0.3%+80,640
Squarepoint Ops LLC187,342$101.0M0.2%+161,748
Invesco Ltd.170,266$91.8M0.0%+101,143
Two Sigma Investments, LP167,655$90.3M0.1%+100,094
Jane Street Group, LLC165,989$89.4M0.1%+164,859
Recurrent Investment Advisors LLC146,263$78.6M4.9%+144
Bank of New York Mellon Corp145,439$78.4M0.0%−3,625
Northern Trust Corp143,754$77.5M0.0%−904

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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