Murphy USA Inc

MUSA

Equity

ISIN US6267551025 / Valor 22106794

New York Stock Exchange, Inc (2024-12-24)

USD 514.31+0.54%

Murphy USA Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Murphy USA Inc is a prominent player in the retail gasoline and convenience store industry, boasting a vast network of over 1,700 locations spread across 27 states in the US. The company primarily focuses on offering a wide range of gasoline products and convenience store merchandise to customers in the Southwest, Southeast, Midwest, and Northeast regions of the country. With a strong presence in key markets, Murphy USA Inc has established itself as a leading independent retailer in the industry, catering to the needs of consumers seeking fuel and convenience items.

Summarized from source with an LLMView SourceSector: Energy

Net Income

Murphy USA Inc. reported a net income of $149.2 million for the third quarter of 2024, translating to $7.20 per diluted share. This represents a decrease from the third quarter of 2023, where the net income was $167.7 million, or $7.69 per diluted share.

Fuel Contribution

In the third quarter of 2024, Murphy USA Inc.'s total fuel contribution was 32.6 cents per gallon (cpg), a slight decrease from 34.5 cpg in the same quarter of the previous year. Despite this, retail fuel contribution dollars increased by 13.5% to $395.7 million due to higher retail fuel margins and volumes.

Merchandise Sales

Murphy USA Inc. saw a 2.4% increase in merchandise contribution dollars, reaching $216.8 million in the third quarter of 2024. This growth was driven by higher merchandise sales, with nicotine contribution dollars increasing by 5.3% compared to the same period in 2023.

Share Repurchase and Dividends

During the third quarter of 2024, Murphy USA Inc. repurchased approximately 244.4 thousand common shares for $126.4 million. Additionally, the company announced a quarterly cash dividend of $0.48 per share, reflecting a 6.7% increase from the prior quarter, payable on December 2, 2024.

Financial Outlook

Murphy USA Inc. updated its full-year capital expenditure expectations to a range of $500 million to $525 million, up from the original range of $400 million to $450 million. The company also revised its full-year SG&A expenses guidance to a range of $240 million to $250 million, down from the previously guided range of $255 million to $265 million.

Summarized from source with an LLMView Source

Key figures

42.6%1Y

168%3Y

331%5Y

Performance

24.4%1Y

26.8%3Y

31.3%5Y

Volatility