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 (MUSA) operates one of America's largest low-cost fuel retail networks with strategically located convenience stores. This page serves as the definitive source for official company announcements, financial updates, and operational developments.
Investors and industry observers will find curated press releases covering quarterly earnings, strategic partnerships, and fuel distribution innovations. The collection includes updates on store expansions, pricing strategies, and supply chain enhancements that drive Murphy USA's market leadership.
All content is sourced directly from company filings and verified channels, providing reliable information for making informed decisions. Regular updates ensure comprehensive tracking of Murphy USA's operational milestones and retail initiatives.
Bookmark this page for streamlined access to Murphy USA's latest developments. Combine these updates with SEC filings and earnings call transcripts for complete market analysis.
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.
Murphy USA reported strong preliminary financial results for Q4 and the full year 2020. Net income for Q4 was $61.0 million, up from $47.6 million in 2019. Full-year net income rose to $386.1 million from $154.8 million. Key metrics include a diluted earnings per share increase to $2.16 and an Adjusted EBITDA of $136.3 million for Q4, totaling $722.7 million for the year. The company also announced plans for a $645 million acquisition of QuickChek, aimed at enhancing food and beverage capabilities, with a quarterly dividend of $0.25 per share.
Murphy USA has officially opened its 1500th location in Mesquite, Texas, marking a significant milestone for the company. This new 2800 square foot Murphy Express will operate 24 hours, featuring low-priced gasoline and a range of convenience items. As part of its growth strategy, Murphy USA aims to open up to 50 new stores annually starting in 2021. In celebration, customers can earn 2x Murphy Drive Rewards points on eligible fuel purchases throughout the month. Murphy USA operates in 25 states with nearly 10,000 employees, serving about 1.7 million customers daily.
Murphy USA announced its acquisition of QuickChek Corporation for $645 million in cash, netting $625 million after tax benefits. This strategic move aims to enhance Murphy USA's food and beverage capabilities, capitalizing on QuickChek's strong brand and proven growth in convenience markets. The deal is expected to yield annual synergies of $28 million by year three and aims for earnings accretion by 2022. The acquisition will be financed through a combination of cash, credit facilities, and new debt, with closing anticipated in Q1 2021.
Murphy USA announced a successful fundraising campaign, exceeding its initial goal by donating $1.55 million to the Boys & Girls Clubs of America for 2020. The 'Great Futures Fueled Here' campaign, launched amid the pandemic, encouraged customers to contribute through small donations at checkout. This effort highlighted the community's responsiveness to pressing needs during the crisis. The campaign concluded in September, and funds will support local Clubs, serving over 4.6 million children annually.
Murphy USA (NYSE: MUSA) will participate in the Stephens Annual Investment Conference on November 18, 2020, at 3:00 PM ET. The event will be held virtually, and investors can access the webcast through Murphy USA's Investor Relations page. The company operates nearly 1,500 retail gasoline stations primarily in the Southwest, Southeast, and Midwest, serving about 1.7 million customers daily. Murphy USA ranks 262 in the Fortune 500 and focuses on proximity to Walmart stores, enhancing convenience for its customers.
Murphy USA (NYSE: MUSA) has updated its capital allocation strategy, approving two key programs to enhance shareholder value. The company aims for $500 million in Adjusted EBITDA for 2021 and is nearing the completion of a $400 million share repurchase program, with $7 million remaining. A new $500 million repurchase plan will commence upon completion of the current one. Additionally, a quarterly dividend of $0.25 per share will start on December 1, 2020. Murphy USA also plans to open 50 New-To-Industry locations annually beginning in 2021 while exploring M&A for strategic growth.
Murphy USA reported Q3 2020 net income of $66.9 million or $2.27 per diluted share, down from $69.2 million or $2.18 in Q3 2019. Total fuel contribution was 22.3 cpg, up from 20.1 cpg a year earlier, despite an 11.9% drop in retail gallons sold. Merchandise contribution rose 6.2% to $118.1 million. SG&A expenses increased due to a $10 million charitable donation. The company opened 4 new stores during the quarter, with plans for more than 1,500 stores by year-end. Cash reserves stood at $317.5 million.
