Murphy USA Inc. is an independent retail fuel and convenience store operator with approximately 1,800 locations across 27 states under the Murphy USA, Murphy Express, and QuickChek brands. The company generates revenue from three primary sources: retail motor fuel sales (its core business with fuel typically the primary volume driver), merchandise sales including snacks, beverages, and nicotine products, and wholesale fuel distribution to unbranded customers. Murphy USA differentiates itself through its strategic positioning near Walmart stores, low-cost store format on company-owned land, diversified fuel sourcing capabilities including terminal positions and pipeline access, and loyalty programs that drive customer engagement, targeting cost-conscious consumers seeking value-priced fuel and convenient shopping in the large, fragmented U.S. retail fuel and convenience store industry.