UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): November 18, 2020

MURPHY USA INC.
(Exact name of registrant as specified in its charter)

			
Delaware	001-35914	46-2279221	
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)	
			
200 Peach Street			
El Dorado, Arkansas		71730-5836	
 
(870) 875-7600
(Registrant's telephone number, including area code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol(s)	Name of each exchange on which registered	
Common Stock, $0.01 Par Value	MUSA	New York Stock Exchange	

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure

Murphy USA Inc. (the "Company") is providing this presentation to be used on November 18, 2020 at the Stephens Annual Investment Conference that will be held virtually. The presentation is attached as Exhibit 99.1 to this report and is incorporated by reference into this item 7.01 and is available on the Company's website at http://ir.corporate.murphyusa.com.

The information included in this Item 7.01 of this Current Report on Form 8-K, including the Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number Description
99.1* Stephens Investor Conference 2020 

104     Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive data File because its XBRL tags are embedded within the Inline XBRL document

*Furnished herewith    

Signature
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

									

		
	MURPHY USA INC.	
		
Date:  November 18, 2020	By:  /s/  Donald R. Smith, Jr.	
	Donald R. Smith, Jr.	
	Vice President and Controller	

Stephens Investor Conference November 2020 Murphy USA Inc. 1

 

MUSA is delivering strong results and momentum into year-end November October Proof Points Q2 Actuals Q3 Actuals MTD Estimates(*) Estimates(*) APSM Gallons ▼ 26.7% ▼ 12.1% ▼ 5.3% ▼ 4.3% Fuel Strength Total Fuel Contribution ($) ▲ 93.9% ▼ 2.6% ▲ 5.6% N/A APSM Tobacco Sales ▲ 15.4% ▲ 10.1% ▲ 9.2% ▲ 14.3% Merchandise APSM Non-Tobacco Sales ▲ 13.3% ▲ 13.2% ▲ 13.7% ▲ 16.4% Acceleration Total Merchandise ▲ 12.3% ▲ 6.2% ▲ 11.9% ▲ 12.0% Contribution ($) APSM Site Operating Expense ▼ 1.4% ▲ 4.2% ▲ 5.1% N/A Expense Control Total Operating Expense ▼ 9.4% ▼ 0.3% ▼ 0.4% N/A Adjusted EBITDA (MM) • $274 • $142 • $52 N/A Financial Metrics Cash (MM) • $404 • $318 • $288 N/A Diluted Earnings Per Share • $5.73 • $2.27 • $0.88 N/A * Financial and operating metrics represent actual QTD performance estimates and are not intended to represent Q4 guidance or changes to previously provided annual guidance metrics. Estimates based on available data as of November 16th. Murphy USA Inc. 2

 

Appendix Murphy USA Inc. 3

 

Non-GAAP adjusted EBITDA reconciliation Year Ended December 31, (Millions of dollars) 2020 2Q 2020 3Q 2020 October Net Income $ 168.9 $ 66.9 $ 25.3 Income taxes 54.1 21.2 8.5 Interest expense, net of interest income 12.8 12.4 4.0 Depreciation and amortization 39.5 40.6 13.7 EBITDA $ 275.3 $ 141.1 $ 51.5 Net settlement proceeds - - - Accretion of asset retirement obligations 0.5 0.6 - (Gain) loss on sale of assets (1.3) - - Loss on early debt extinguishment - - - Other nonoperating (income) expense (0.3) (0.2) 0.1 (Income) loss from discontinued operations, net of taxes - - - Adjusted EBITDA $ 274.2 $ 141.5 $ 51.6 Murphy USA Inc. 4