---
schema_version: "secwatch.filing_event.v1"
accession: "0001573516-25-000036"
form_type: "8-K"
ticker: "MUSA"
cik: "0001573516"
company_name: "Murphy USA Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:04:30.878153+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Murphy USA Q1 net income drops to $53.2M ($2.63 EPS) from $66M; retail fuel volumes down 1.9%

## Summary
- Net income $53.2M, diluted EPS $2.63 vs $66M/$3.12 in Q1 2024, a 19% decline.
- Total fuel contribution $287.3M (+0.4%) with retail fuel margin up to 23.7 cpg from 21.7 cpg but PS&W fell.
- Merchandise contribution $195.9M (+2.3%) on flat sales; unit margin improved to 19.6% from 19.2%.
- Repurchased 321.1k shares for $151.2M; quarterly dividend raised to $0.50/share payable June 2.
- Completed refinancing: revolver upsized to $750M (maturity 2030), Term Loan B to $600M (2032).

## SEC filing metadata
- accession: 0001573516-25-000036
- form_type: 8-K
- ticker: MUSA
- cik: 0001573516
- company_name: Murphy USA Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1573516/000157351625000036/0001573516-25-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1573516/000157351625000036/musa-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001573516-25-000036
- JSON: https://secwatch.observer/filing/0001573516-25-000036.json
- Plain text: https://secwatch.observer/filing/0001573516-25-000036.txt

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