Insider Trading February 13, 2026

Murphy USA Executive Executes Mix of Sales and Grants Around Strong Q4 Results

SVP and Chief Customer Officer completes multiple transactions including a Feb. 13 sale and a series of Feb. 11 grants and disposals amid mixed quarterly metrics

By Jordan Park MUSA
Murphy USA Executive Executes Mix of Sales and Grants Around Strong Q4 Results
MUSA

Eric J. Bartko, Senior Vice President and Chief Customer Officer of Murphy USA Inc (NYSE: MUSA), carried out a series of stock transactions on February 11 and February 13, 2026, including a sale of 345 shares on Feb. 13 and multiple disposals and grants on Feb. 11. These trades occurred in the wake of Murphy USA's fourth-quarter 2025 results, which showed an earnings beat but a revenue shortfall versus analyst expectations. Analysts reacted by raising price targets while maintaining Overweight ratings.

Key Points

  • Eric J. Bartko sold 345 shares on February 13, 2026 at $404.84 per share, totaling $139,669.
  • On February 11, Bartko disposed of 228 shares at $363.36 per share to cover tax obligations ($82,846), and acquired 502 shares of common stock the same day; he also recorded grants and disposals of various equity awards on February 11.
  • Murphy USA's Q4 2025 results showed EPS of $7.53 versus a $6.45 estimate and revenue of $4.74 billion versus an expected $4.88 billion; EBITDA was $290.9 million versus a $275 million consensus, prompting analysts to raise price targets while maintaining Overweight ratings.

Eric J. Bartko, who serves as Senior Vice President and Chief Customer Officer at Murphy USA Inc (NYSE: MUSA), executed several equity transactions in mid-February 2026, filing sales and multiple award-related movements with precise values disclosed.

On February 13, 2026, Bartko sold 345 shares of common stock at a price of $404.84 per share, producing total proceeds of $139,669.

Earlier in the week, on February 11, Bartko recorded additional activity: he disposed of 228 shares at $363.36 per share to satisfy tax obligations, representing $82,846 in value. That same day he acquired 502 shares of common stock.

Also on February 11, Bartko registered a series of equity awards and changes. The filings show acquisitions of 749 shares of Stock Options, 454 shares of Performance Stock Units, 227 shares of Restricted Stock Units and 1,226 shares of Restricted Stock Units. In parallel, he disposed of 300 shares of Performance Stock Units.


Company results and analyst reaction

These insider transactions coincide with Murphy USA's fourth-quarter 2025 financial report. The company reported earnings per share of $7.53, exceeding the analyst consensus forecast of $6.45. Revenue for the quarter, however, came in at $4.74 billion, falling short of the projected $4.88 billion.

Murphy USA's reported EBITDA was $290.9 million, ahead of the consensus expectation of $275 million. Following the results, KeyBanc Capital Markets raised its price target for Murphy USA to $500, attributing the stronger-than-expected earnings to higher fuel margins. Stephens adjusted its price target to $450 and observed a softer outlook for 2026 despite the quarterly earnings beat. Both KeyBanc and Stephens retained Overweight ratings on the stock.


Context and factual limitations

The filings list multiple types of equity instruments and discrete trade dates and values as reported above. The record does not provide additional commentary from Bartko, nor does it indicate any intended use of proceeds beyond the specified tax-related disposal on February 11. The filings likewise do not disclose any change in the company’s guidance beyond the items cited from the fourth-quarter 2025 release.


Summary

In short, Bartko's mid-February activity combined a notable sale on February 13 with several disposals and awards on February 11. These moves occurred against the backdrop of Murphy USA reporting an earnings beat accompanied by a revenue miss, and analysts adjusting price targets while keeping Overweight ratings.

Risks

  • Revenue for the quarter missed analyst expectations, which may create near-term uncertainty in investor sentiment - this affects the company's equity and retail fuel sector positioning.
  • Analysts noted a softer outlook for 2026 even after the earnings beat, introducing forecasting uncertainty for Murphy USA's performance in the coming year - relevant to equity analysts and fixed-income investors monitoring corporate fundamentals.

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