Murphy USA, Inc. (MUSA)

Murphy USA's stock experienced several notable events in the past six months. The share price as of November 20, 2025, was $380.92, a decline of 28.31% from November 21, 2024. In Q1 2025, earnings missed expectations due to lower petroleum prices and seasonal storms. An operational update in June 2025 reported all-in fuel margins of 31.7 cents per gallon. The Q2 2025 earnings release noted modest pressure on customer traffic. A dividend increase was announced in August 2025, raising the quarterly dividend to $0.63 per share. Corporate layoffs occurred in September 2025 as part of an operational restructuring. In October 2025, Q3 results showed a decrease in net income, and a CEO transition was announced.

Demand for Murphy USA's products, particularly fuel, exhibits seasonality, with gasoline prices typically lower in the winter and higher during the summer vacation months. Gasoline demand increases starting in February and peaks in August. Diesel fuel also shows some seasonality, with prices usually a little lower in the winter. Murphy USA's business model is directly impacted by these seasonal fluctuations, and the company aims to offset some of this seasonality through its convenience merchandise sales.

Murphy USA Inc. is an American corporation focused on marketing retail motor fuel products and convenience merchandise. It operates retail fueling stations and convenience stores under the Murphy USA, Murphy Express, and QuickChek brands, emphasizing a low-cost, high-volume approach, with many locations near Walmart Supercenters. The company operates within the Consumer Discretionary sector and the Specialty Retail industry, offering petroleum products and a variety of merchandise, including tobacco and nicotine products. The acquisition of QuickChek in 2020 expanded its offerings, particularly in fresh and made-to-order food.

As of March 31, 2025, Murphy USA operates approximately 1,761 retail fueling stations across 27 U.S. states, with over 1,100 sites located near Walmart stores. It also operates 240 independent Murphy Express branded stores. The company's operations are primarily concentrated in the Southwest, Southeast, Midwest, and Northeast regions of the United States, with a significant presence in states such as Texas, Florida, Georgia, Tennessee, North Carolina, Alabama, Louisiana, South Carolina, Arkansas, and Mississippi.

Murphy USA's brand reputation has been mixed, with positive feedback on competitive fuel prices, convenient locations, friendly staff, and the Murphy Drive Rewards program. The acquisition of QuickChek has also been viewed positively. However, there have been criticisms regarding customer service inconsistencies, limited product selection, and the impact of corporate layoffs. Financial performance concerns in 2024 have also indirectly affected brand perception.

Murphy USA Inc. is a publicly traded entity with a diverse ownership structure. Approximately 72.98% of the company's stock is owned by institutional investors, including BlackRock, Inc. and Vanguard Group Inc. Corporate insiders own approximately 10.12% of the company's stock, with Robert Madison Murphy being the largest individual shareholder. Recent insider transactions include CEO R. Andrew Clyde selling shares in November 2025.