# Murphy USA Inc. (MUSA) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from Murphy USA Inc.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/MUSA/mda/fy2025/): filed 2026-02-18; accession 0001573516-26-000090 (https://www.sec.gov/Archives/edgar/data/1573516/000157351626000090/musa-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/MUSA/mda/fy2024/): filed 2025-02-20; accession 0001573516-25-000010 (https://www.sec.gov/Archives/edgar/data/1573516/000157351625000010/musa-20241231.htm)
- [FY 2023 MD&A](/company/MUSA/mda/fy2023/): filed 2024-02-16; accession 0001573516-24-000007 (https://www.sec.gov/Archives/edgar/data/1573516/000157351624000007/musa-20231231.htm)
- [FY 2022 MD&A](/company/MUSA/mda/fy2022/): filed 2023-02-15; accession 0001573516-23-000011 (https://www.sec.gov/Archives/edgar/data/1573516/000157351623000011/musa-20221231.htm)
- [FY 2021 MD&A](/company/MUSA/mda/fy2021/): filed 2022-02-17; accession 0001573516-22-000006 (https://www.sec.gov/Archives/edgar/data/1573516/000157351622000006/musa-20211231.htm)

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