Murphy Usa Inc Stock Price, News & Analysis

Murphy USA (NYSE: MUSA) launches the 'Great Futures Fueled Here' campaign, starting April 7, 2021, across 25 states. This initiative aims to raise an additional $500,000 for Boys & Girls Clubs of America, contributing to the $1.5 million already raised. The campaign will engage customers to 'Round-up' purchases at Murphy USA and Murphy Express locations, enhancing resources for youth in local communities. The campaign’s first phase runs until July 6, with a second phase from August 4 to November 2, 2021.

Murphy USA (NYSE: MUSA) has launched the second year of its 'Great Futures Fueled Here' campaign, aiming to raise an additional $500,000 for the Boys & Girls Clubs of America. The campaign will run from April 7 to July 6 and again from August 4 to November 2, providing customers the option to donate at checkout. This initiative follows the successful raising of over $1.5 million in previous years, emphasizing the company's commitment to youth development and community support.

Murphy USA (NYSE: MUSA) has announced its participation in two upcoming investor conferences. Andrew Clyde, CEO, will present at the Raymond James 2021 Institutional Investors Conference on March 1, 2021, at 4:40 p.m. ET, with a live audio webcast available on the company's website. The company will also participate in the J.P. Morgan 2021 Global High Yield and Leveraged Finance Conference on March 2, 2021. Murphy USA operates over 1,650 gasoline and convenience merchandise stations, serving 2 million customers daily across 27 states.

The Board of Directors of Murphy USA (NYSE: MUSA) has declared a quarterly cash dividend of $0.25 per share, with an annualized payout of $1.00. This dividend will be paid on March 4, 2021, to shareholders on record as of February 22, 2021. Murphy USA operates over 1,650 stations across the U.S., primarily serving customers in 27 states. The company ranks 262 on the Fortune 500 and serves approximately 2 million customers daily.

Murphy USA Inc. (MUSA) reported strong financial results for Q4 2020 with a net income of $61 million or $2.16 per diluted share, up from $47.6 million in Q4 2019. For the entire year, net income surged to $386.1 million, a notable increase from $154.8 million in 2019. Fuel contributions rose significantly to 19.8 cpg in Q4 and 25.2 cpg for 2020. Merchandise contributions also grew, reflecting strong sales. The company opened 15 new stores in Q4 and completed the acquisition of Quick Chek for $645 million, strengthening its market position.

Murphy USA has successfully completed the acquisition of Quick Chek Corporation, enhancing its network with 157 high-performing stores in the Northeast, increasing its total station count to over 1,650. The acquisition brings nearly 5,000 QuickChek employees into the Murphy USA family. To finance this transaction, Murphy USA secured a $350 million revolving credit facility, a $400 million secured term loan, and issued $500 million in senior unsecured notes. This strategic move aims to improve customer value through combined strengths and is expected to bolster revenue growth.

Murphy USA Inc. (NYSE: MUSA) has entered a new five-year supply agreement with Core-Mark Holding Company (NASDAQ: CORE), solidifying Core-Mark as its primary wholesale distributor. Core-Mark will supply over 75% of merchandise sold at Murphy USA stores, aimed at enhancing sales and margins through improved food and fresh offerings. This partnership seeks to foster profitable growth and operational excellence. Murphy USA operates over 1,500 stations, serving around 1.7 million customers daily across 25 states.

Murphy USA has priced a private offering of $500 million in senior notes due 2031 to finance its acquisition of Quick Chek and refinance existing debt. The notes offer a 3.750% interest rate, maturing on February 15, 2031, with interest paid semiannually. The offering is expected to close on January 29, 2021. In case the acquisition does not materialize, proceeds will be used for general corporate purposes. The notes are not registered under the Securities Act, and they will be offered to qualified institutional buyers only.

Murphy USA (NYSE: MUSA) has announced a planned private offering of $500 million in senior notes due 2031, facilitated by its subsidiary, Murphy Oil USA. The funds are earmarked to partially finance the acquisition of Quick Chek Corporation and to repay existing debt. If the acquisition does not proceed, proceeds will be used for general corporate purposes. The notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers. Murphy USA operates over 1,500 retail stations and ranks 262 on the Fortune 500 list.