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Sep 30, 2024
Murphy USA Q3 2024 Earnings Report
Murphy USA's financial performance reflected strength in core categories and strategic investments.
Key Takeaways
Murphy USA reported a net income of $149.2 million, or $7.20 per diluted share, for Q3 2024. The company saw a decrease in net income compared to Q3 2023, but experienced growth in retail fuel volumes and merchandise contribution. The company is accelerating its new-store build program in 2024 and 2025.
Net income was $149.2 million, or $7.20 per diluted share, compared to $167.7 million, or $7.69 per diluted share, in Q3 2023.
Total fuel contribution was 32.6 cpg, compared to 34.5 cpg in Q3 2023.
Retail fuel volumes increased by 2.0%, and same store sales volumes increased by 0.5%.
Merchandise contribution dollars increased 2.4% to $216.8 million with unit margins of 20.0%.
Revenue by Segment
Forward Guidance
Murphy USA updated its full-year capital expenditure expectations to a range of $500 million to $525 million and revised its guidance for its full-year SG&A expenses to a range of $240 million to $250 million.
Positive Outlook
- Capital expenditure expectations increased due to pulling forward future projects.
- Earlier start on next year's build class.
- SG&A expenses guidance reduced due to lower employee costs.
- SG&A expenses guidance reduced due to the timing of certain initiatives.
- All other previously issued guidance metrics remain unchanged.
Challenges Ahead
- No negative aspects were mentioned in the provided guidance update.
- No negative aspects were mentioned in the provided guidance update.
- No negative aspects were mentioned in the provided guidance update.
- No negative aspects were mentioned in the provided guidance update.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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