Risk factors

Murphy USA (MUSA) risk factors

Item 1A of every Murphy USA Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

  • FY2025 10-K risk factors
    34 risks1 new2 dropped8 reworded

    Walmart property restrictions are broader, including sale rights, competitor limits, and change-of-control purchase options.

    Filed Feb 18, 2026
  • FY2024 10-K risk factors
    35 risks

    Murphy USA relies heavily on single supplier Core-Mark for 78 percent of merchandise and Walmart for store proximity and Walmart+ program participation.

    Filed Feb 20, 2025