---
schema_version: "secwatch.filing_event.v1"
accession: "0001573516-23-000019"
form_type: "8-K"
ticker: "MUSA"
cik: "0001573516"
company_name: "Murphy USA Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:29:29.764131+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Murphy USA Q1 net income falls 30% to $106.3M ($4.80 EPS); board authorizes $1.5B buyback

## Summary
- Net income $106.3M ($4.80 diluted EPS) vs $152.4M ($6.08) in Q1 2022, down 30%.
- Total fuel contribution 28.9 cpg, down from 34.0 cpg year over year; PS&W margins declined.
- Merchandise contribution up 6.5% to $187.1M, driven by higher unit volumes and prices.
- New $1.5B share repurchase authorization approved, effective upon completion of current $1B program, through Dec 31, 2028.
- Repurchased 48.8k shares for $13.7M in Q1; $200M remains under current authorization.

## SEC filing metadata
- accession: 0001573516-23-000019
- form_type: 8-K
- ticker: MUSA
- cik: 0001573516
- company_name: Murphy USA Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1573516/000157351623000019/0001573516-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1573516/000157351623000019/musa-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001573516-23-000019
- JSON: https://secwatch.observer/filing/0001573516-23-000019.json
- Plain text: https://secwatch.observer/filing/0001573516-23-000019.txt

## Key facts
- Earnings Releases
  Murphy USA Inc. reported three months ended March 31, 2023 results: net income $106.3 million, EPS $4.80 per diluted share.
  - Period: three months ended March 31, 2023
  - Net income: $106.3 million
  - EPS: $4.80 per diluted share
  - Result: preliminary results
  source text: today announced preliminary financial results for the three months ended March 31, 2023. Key Highlights: • Net income was $106.3 million, or $4.80 per diluted share, in Q1 2023 compared to net income of $152.4 million, or $6.08 per diluted share, in Q1 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1573516/000157351623000019/0001573516-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.