Item 2.02. Results of Operations and Financial Condition
On October 28, 2020, Murphy USA Inc. issued a news release announcing its
financial results for the three and nine months ended September 30, 2020. The
full text of this news release is attached hereto as Exhibit 99.1.
The information in this Item 2.02, Item 7.01 and Item 9.01, including Exhibit
99.1 and Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934 or otherwise subject to liabilities of that
Section, nor shall it be deemed incorporated by reference into any filing under
the Securities Act of 1933 or the Securities Exchange Act of 1934, except as
shall be expressly set forth by specific reference in such filing.
Item 7.01. Regulation FD Disclosures
On October 28, 2020, Murphy USA Inc. issued a news release announcing an updated
capital allocation strategy for the Company including a new $500 million share
repurchase program to begin upon completion of the current $400 million
authorization and available to be executed by December 31, 2023, and the
institution of a quarterly dividend to common shareholders. The dividend of
$0.25 per share, or $1.00 per share on an annualized basis, will be paid on
December 1, 2020, to shareholders of record as of November 13, 2020. The capital
allocation strategy also includes reaffirmation of the Company's commitment to
organic growth, a new focus on food and beverage capabilities and potential
involvement in mergers and acquisitions. The full text of this news release is
attached hereto as Exhibit 99.2.
Item 9.01. Financial Statements and Exhibits
99.1 News release issued by Murphy USA Inc., dated October 28, 2020, announcing
financial results for the three and nine months ended September 30, 2020.
99.2 News release issued by Murphy USA Inc., dated October 28, 2020, announcing
its updated capital allocation strategy.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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