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MURPHY USA INC. - MUSA STOCK NEWS

Welcome to our dedicated page for MURPHY USA news (Ticker: MUSA), a resource for investors and traders seeking the latest updates and insights on MURPHY USA stock.

Murphy USA Inc. (NYSE: MUSA) is a leading convenience retailer dedicated to providing high-quality, low-priced fuels and exceptional service to its customers across the United States. Founded in December 1996 in Chattanooga, Tennessee, Murphy USA has grown exponentially and now operates over 1,270 stores in 23 states, employing more than 9,000 people. Headquartered in El Dorado, Arkansas, the company's stores serve nearly 2 million customers every day, underscoring its commitment to convenience and reliability.

Murphy USA's business model focuses on being a low-cost, high-volume fuel retailer. The majority of its stores are strategically located adjacent to Walmart stores, which allows the company to offer competitive prices and a discount program to their customers. The company prides itself on its best-in-class customer service and its ability to provide customers with convenient locations and quality fuels.

In addition to retail operations, Murphy USA owns and operates product supply and wholesale assets, including product distribution terminals and pipelines. This vertical integration helps maintain its competitive edge and ensures a steady supply of products to its stores.

The company continues to make strategic alliances, responsible investments, and smarter business practices to benefit its customers, investors, employees, and partners. Some of its recent projects include expanding its store network, adopting new technologies to improve operational efficiencies, and enhancing its customer loyalty programs. Murphy USA's forward-thinking approach ensures that it remains a key player in the fuel retailing industry.

With a strong financial foundation and innovative strategies, Murphy USA is well-positioned for continued growth and success. The company's mission to help people buy smarter and drive farther is at the core of its operations, reflecting its dedication to customer satisfaction and market leadership.

Stay updated with the latest news and developments from Murphy USA Inc. for detailed insights into the company's performance and future projects.

Rhea-AI Summary
Murphy USA Inc. (NYSE: MUSA) has declared a quarterly cash dividend of $0.39 per share, reflecting a 2.6% increase from the previous quarter. The dividend is payable on September 7, 2023, to stockholders of record as of August 28, 2023.
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Murphy USA Inc. (NYSE: MUSA) reported net income of $132.8 million, or $6.02 per diluted share, in Q2 2023 compared to $183.3 million, or $7.53 per diluted share, in Q2 2022. Total fuel contribution for Q2 2023 was 29.5 cpg, compared to 34.9 cpg in Q2 2022. Total retail gallons increased 2.3% in Q2 2023, while volumes on a same store sales basis declined 1.8%. Merchandise contribution dollars for Q2 2023 increased 5.1% to $206.8 million. The company repurchased approximately 334.1 thousand common shares for $95.1 million during Q2 2023.
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Murphy USA Inc. (NYSE: MUSA) is set to release its preliminary first quarter 2023 earnings results on May 2, 2023, after market close. Following the earnings release, a conference call will take place on May 3, 2023 at 10:00 a.m. CT. Interested parties can join by dialing 1-888-330-2384 (conference ID: 6680883) or via webcast accessible through their Investor Relations page. The company operates over 1,700 retail locations primarily in the U.S., serving approximately two million customers daily. Murphy USA ranks 240 among Fortune 500 firms, showcasing its significant presence in the fuel and convenience merchandise sectors.

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Murphy USA Inc. (NYSE: MUSA) announced its participation in two upcoming investor conferences. Andrew Clyde, President and CEO, will present at the Raymond James 2023 Institutional Investors Conference on March 6, 2023, at 9:15 a.m. ET, with a live audio webcast available on the company’s website. Additionally, Murphy USA will participate in the J.P. Morgan 2023 Global High Yield and Leveraged Finance Conference on March 7, 2023. As a leading retailer with over 1,700 locations, Murphy USA serves about two million customers daily and ranks 240 among Fortune 500 companies.

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The Board of Directors of Murphy USA (NYSE: MUSA) has declared a quarterly cash dividend of $0.37 per share, reflecting a 6% increase from the previous quarter, amounting to an annualized rate of $1.48 per share. This dividend will be payable on March 1, 2023, to stockholders record as of February 21, 2023. Murphy USA operates over 1,700 convenience stores and serves approximately two million customers daily across 27 states. The company has been reporting strong performance within the gasoline retail sector, indicating robust financial health.

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FAQ

What is the current stock price of MURPHY USA (MUSA)?

The current stock price of MURPHY USA (MUSA) is $519.99 as of December 20, 2024.

What is the market cap of MURPHY USA (MUSA)?

The market cap of MURPHY USA (MUSA) is approximately 10.7B.

What does Murphy USA Inc. do?

Murphy USA Inc. is a convenience retailer and fuel provider operating over 1,270 stores in the United States, offering quality, low-priced fuels and exceptional customer service.

Where is Murphy USA Inc. headquartered?

Murphy USA Inc. is headquartered in El Dorado, Arkansas.

When was Murphy USA Inc. founded?

Murphy USA Inc. was founded in December 1996 in Chattanooga, Tennessee.

How many stores does Murphy USA Inc. operate?

Murphy USA Inc. operates more than 1,270 stores in 23 states.

How many employees does Murphy USA Inc. have?

Murphy USA Inc. employs more than 9,000 people.

What is unique about Murphy USA's business model?

Murphy USA's business model focuses on being a low-cost, high-volume fuel retailer. The majority of its stores are located adjacent to Walmart stores, offering competitive prices and a discount program.

What are Murphy USA Inc.'s recent achievements?

Murphy USA has been expanding its store network, adopting new technologies to improve operational efficiencies, and enhancing its customer loyalty programs.

What assets does Murphy USA Inc. own?

Murphy USA owns product supply and wholesale assets, including product distribution terminals and pipelines.

How does Murphy USA Inc. ensure a steady supply of products?

Murphy USA's vertical integration, which includes owning product distribution terminals and pipelines, helps maintain a steady supply of products to its stores.

What is Murphy USA Inc.'s mission?

Murphy USA's mission is to help people buy smarter and drive farther, reflecting its dedication to customer satisfaction and market leadership.

MURPHY USA INC.

NYSE:MUSA

MUSA Rankings

MUSA Stock Data

10.69B
18.40M
9.04%
85.28%
5.67%
Specialty Retail
Retail-auto Dealers & Gasoline Stations
Link
United States of America
EL DORADO