---
schema_version: "secwatch.filing_event.v1"
accession: "0001573516-23-000046"
form_type: "8-K"
ticker: "MUSA"
cik: "0001573516"
company_name: "Murphy USA Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:36:30.490022+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Murphy USA Q3 net income falls 24% to $167.7M; cuts FY store openings

## Summary
- Net income $167.7M ($7.69 diluted EPS) vs $219.5M ($9.28) YoY, a 24% decline.
- Total fuel contribution 34.5 cpg vs 37.6 cpg; retail fuel margin fell to 28.7 cpg from 39.3 cpg.
- Merchandise contribution +3.0% to $211.8M on 20.1% unit margins.
- Quarterly dividend raised 5.1% to $0.41/share; $65.3M in share repurchases in Q3.
- 2023 new store opening guidance cut to 27-30 (from up to 45); capex lowered to $325-375M.

## SEC filing metadata
- accession: 0001573516-23-000046
- form_type: 8-K
- ticker: MUSA
- cik: 0001573516
- company_name: Murphy USA Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1573516/000157351623000046/0001573516-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1573516/000157351623000046/musa-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001573516-23-000046
- JSON: https://secwatch.observer/filing/0001573516-23-000046.json
- Plain text: https://secwatch.observer/filing/0001573516-23-000046.txt

## Key facts
- Earnings Releases
  Murphy USA Inc. reported three and nine months ended September 30, 2023 results: net income Net income was $167.7 million, EPS $7.69 per diluted share.
  - Period: three and nine months ended September 30, 2023
  - Net income: Net income was $167.7 million
  - EPS: $7.69 per diluted share
  - Result: reported results
  source text: Murphy USA Inc. Reports Third Quarter 2023 Results El Dorado, Arkansas, November 1, 2023 (BUSINESS WIRE) – Murphy USA Inc. (NYSE: MUSA), a leading marketer of retail motor fuel products and convenience merchandise, today announced financial results for the three and nine months ended September 30, 2023. Key Highlights: • Net income was $167.7 million, or $7.69 per diluted share, in Q3 2023 compared to net income of $219.5 million, or $9.28 per diluted share, in Q3 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1573516/000157351623000046/0001573516-23-000046-index.htm

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