Murphy USA

Murphy USA Announces Executive Leadership Changes to Drive Next Wave of Advantaged Growth

Retrieved on: 
Wednesday, February 21, 2024

Murphy USA Inc. (NYSE: MUSA) (“MUSA” or the “Company”) today announced executive leadership changes effective March 1, 2024.

Key Points: 
  • Murphy USA Inc. (NYSE: MUSA) (“MUSA” or the “Company”) today announced executive leadership changes effective March 1, 2024.
  • The Company announced the Board of Directors elected Mindy West to the newly created position of Executive Vice President and Chief Operating Officer.
  • In this elevated role, Mindy will have responsibility for both the Murphy USA and QuickChek brands, including store operations, merchandise, marketing, and fuels.
  • “Today’s changes reflect our continued commitment to deliver profitable growth, disciplined capital allocation, and effective leadership development and succession planning,” said Andrew Clyde, President and Chief Executive Officer.

Murphy USA Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023

Common shares purchased during the nine months ended September 30, 2023, were approximately 584.1 thousand shares for a total of $174.1 million.

Key Points: 
  • Common shares purchased during the nine months ended September 30, 2023, were approximately 584.1 thousand shares for a total of $174.1 million.
  • As of September 30, 2023, approximately $41.0 million remained available under the $1 billion 2021 plan, along with the entire balance of up to $1.5 billion 2023 plan.
  • The dividend is payable on December 1, 2023, to shareholders of record as of November 6, 2023.
  • The Company will host a conference call on November 2, 2023 at 10:00 a.m. Central Time to discuss third quarter 2023 results.

Murphy USA Inc. Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 2, 2023

Common shares repurchased during the quarter were approximately 334.1 thousand shares for $95.1 million, which were purchased under the 2021 share repurchase plan.

Key Points: 
  • Common shares repurchased during the quarter were approximately 334.1 thousand shares for $95.1 million, which were purchased under the 2021 share repurchase plan.
  • Common shares purchased during the six months ended June 30, 2023, were approximately 383.0 thousand shares for a total of $108.8 million.
  • As of June 30, 2023, approximately $105.7 million remained available under the $1 billion 2021 plan.
  • The Company will host a conference call on August 3, 2023 at 10:00 a.m. Central Time to discuss second quarter 2023 results.

Brands Unite to Support Great Futures for America’s Youth During Back-to-School Season

Retrieved on: 
Thursday, July 27, 2023

Through this campaign, Boys & Girls Clubs of America hopes to raise $10M in vital funds to support Great Futures, ensuring that every child receives the social, educational, and emotional support required to flourish.

Key Points: 
  • Through this campaign, Boys & Girls Clubs of America hopes to raise $10M in vital funds to support Great Futures, ensuring that every child receives the social, educational, and emotional support required to flourish.
  • This Back2School season, the Bridgestone Retail Operations Driving Great Futures partnership with Boys & Girls Clubs of America is continuing to make out-of-school programming more accessible to Club youth and their families by addressing transportation and technology needs.
  • From now to early September, Shoe Carnival invites their customers to round up at checkout to support Boys & Girls Clubs.
  • To support Boys & Girls Clubs of America and the Back2School campaign, visit your local Shoe Carnival store.

Murphy USA Raises $6 Million for Boys & Girls Clubs of America Through ‘Great Futures Fueled Here’ Campaign

Retrieved on: 
Tuesday, June 6, 2023

Murphy USA Inc. (NYSE: MUSA) is excited to announce that its ‘Great Futures Fueled Here’ campaign for Boys & Girls Clubs of America has raised $6 million since its launch in 2020.

Key Points: 
  • Murphy USA Inc. (NYSE: MUSA) is excited to announce that its ‘Great Futures Fueled Here’ campaign for Boys & Girls Clubs of America has raised $6 million since its launch in 2020.
  • The funds raised during the campaign benefit Boys & Girls Clubs in the same communities served by Murphy USA and QuickChek locations.
  • “That’s why we are proud to be a national partner of Boys & Girls Clubs of America, supporting local clubs where we operate through our 'Great Futures Fueled Here' campaign.
  • “The ‘Great Futures Fueled Here’ campaign has been instrumental in helping Boys & Girls Clubs provide programming and resources that are making a real difference in the lives of youth,” said Jim Clark, president and CEO, Boys & Girls Clubs of America.

Murphy USA Inc. Announces $1.5 Billion Repurchase Program

Retrieved on: 
Tuesday, May 2, 2023

The Board of Directors of Murphy USA Inc. (NYSE: MUSA) recently authorized a new share repurchase authorization of up to $1.5 billion to begin upon completion of the current $1 billion authorization and to be executed by December 31, 2028.

Key Points: 
  • The Board of Directors of Murphy USA Inc. (NYSE: MUSA) recently authorized a new share repurchase authorization of up to $1.5 billion to begin upon completion of the current $1 billion authorization and to be executed by December 31, 2028.
  • "We are increasingly confident in the future of Murphy USA given our exceptional operating performance, accelerating organic growth profile and ongoing business improvement initiatives.
  • Repurchases may be conducted through open market transactions, privately negotiated transactions, pursuant to accelerated share repurchase programs, or otherwise.
  • The repurchase program may be suspended or discontinued at any time.

Engine Capital Sends Letter to Parkland’s Board of Directors Outlining Paths to Enhance Shareholder Value

Retrieved on: 
Wednesday, March 22, 2023

Adhere to best corporate governance practices by refreshing the Board and adding directors with convenience merchandising and capital allocation experience.

Key Points: 
  • Adhere to best corporate governance practices by refreshing the Board and adding directors with convenience merchandising and capital allocation experience.
  • Free cash flow per share is a critical measure as the Board takes into account capital expenditures and working capital.
  • In conclusion, we believe that the value creation opportunity at Parkland is significant and that there are meaningful levers for the Board to significantly enhance shareholder value in the public market.
  • On behalf of Engine, we look forward to working cooperatively with you to increase long-term shareholder value.

Getty Realty Corp. Announces Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Wednesday, February 22, 2023

The increase in general and administrative expenses in both periods was primarily due to increased personnel costs, including stock-based compensation.

Key Points: 
  • The increase in general and administrative expenses in both periods was primarily due to increased personnel costs, including stock-based compensation.
  • During the quarter ended December 31, 2022, rent commenced at a new-to-industry convenience store located in the Dallas (TX) metropolitan area and leased to Murphy USA.
  • Getty Realty Corp. will host a conference call and webcast on Thursday, February 23, 2023 at 8:30 a.m.
  • To access the replay, please dial 1-844-512-2921, or 1-412-317-6671 for international participants, and reference pass code 13734995.

Impact 21 Welcomes Paula Conti as Senior Principal Consultant

Retrieved on: 
Thursday, January 19, 2023

LEXINGTON, Ky., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Impact 21 , a retail consulting, analytics, and services company, announces that Paula Conti has joined the team as a Senior Principal Consultant.

Key Points: 
  • LEXINGTON, Ky., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Impact 21 , a retail consulting, analytics, and services company, announces that Paula Conti has joined the team as a Senior Principal Consultant.
  • Conti brings abundant value to Impact 21 with her strong knowledge in strategic planning, financial accounting, ERP systems, process improvement, change management, and project management.
  • "We are thrilled that Paula has joined Impact 21.
  • With more than 28 years of experience in the convenience store, wholesale fuel, and logistics industry, Conti has a passion for helping companies succeed.

Getty Realty Corp. Provides 2022 Business Update

Retrieved on: 
Tuesday, January 10, 2023

Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) today provided an update on the Company’s fourth quarter and full year 2022 business activities.

Key Points: 
  • Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) today provided an update on the Company’s fourth quarter and full year 2022 business activities.
  • As of December 31, 2022, had a committed investment pipeline of more than $100 million for the development and acquisition of 28 convenience stores and car wash properties.
  • As of December 31, 2022, no shares subject to forward sale agreements had been settled by the Company.
  • As of December 31, 2022, the Company had $230 million available under its revolving credit facility.