Murphy USA Inc. (MUSA) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.757 Thank you for standing by. My name is Melissa and I will be your conference operator 00:00:04.757 -- 00:00:10.183 today. At this time, I would like to welcome everyone to the Murphy USA first 00:00:10.183 -- 00:00:15.209 quarter 2026 earnings Q&A call. All lines have been placed on 00:00:15.209 -- 00:00:20.074 mute to prevent any background noise. If you would like to ask a question during this 00:00:20.074 -- 00:00:25.240 time, simply press star followed by the number one on your telephone 00:00:25.240 -- 00:00:30.652 keypad. If you would like to withdraw your question, Press star one again. 00:00:30.652 -- 00:00:35.778 Thank you. I would now like to turn the call over to Christian Peichel. 00:00:35.778 -- 00:00:37.980 Please go ahead. 00:00:37.980 -- 00:00:39.902 Hey, thanks, Melissa. Good morning, everybody. 00:00:39.902 -- 00:00:45.028 Thanks for joining us. With me this morning are Mindy West, President and CEO, Donnie 00:00:45.028 -- 00:00:50.273 Smith, CFO, and Ash Alds, Director of Investor Relations and FP&A. 00:00:50.273 -- 00:00:53.937 Before we get started, I need to remind everybody to refer to the forward-looking statements 00:00:53.937 -- 00:00:57.001 commentary we included in our prepared remarks yesterday. 00:00:57.001 -- 00:01:01.726 I also assume you have all read through our earnings release and the prepared remarks. 00:01:01.726 -- 00:01:06.450 We have read your notes. I have a few comments before we open it up for Q&A. 00:01:06.450 -- 00:01:11.035 First, I hope that you noticed we are rebranding the PS&W plus RINS business and simply 00:01:11.035 -- 00:01:16.260 calling it fuel supply going forward. We provided a lengthy justification for that change 00:01:16.260 -- 00:01:20.904 along with a detailed explanati...